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The decommissioning of a significant part of the tanker fleet is about to alleviate the current oversupply issues, as evidenced by the record-breaking pace of demolition activity this year.

Posted By : Amom Remju 2 days 14 hours 23 minutes ago
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SMART ships will continue to be the driving force for the new decade as technology puts the control and management of shipping onto a new level and there is no stopping this and nor should there be, according to Mr...

Posted By : Amom Remju 2 days 14 hours 28 minutes ago
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Korean shipbuilders inked more orders than anyone else in May, overcoming stiff competition from Chinese competitors while Japanese companies trailed behind.

Posted By : Amom Remju 2 days 14 hours 37 minutes ago
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One of Nordic American Tankers three Samsung suezmax newbuildings, scheduled for delivery in August 2018, has obtained a TC contract. Nordic American Tankers has entered into a 3-year fixed time charter contract with...

Posted By : Amom Remju 2 days 14 hours 43 minutes ago
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Freight traffic at the Port of Singapore in January-May 2018, increased by 0.6% compared to the corresponding period of 2017 to 260.89 million tonnes, the Maritime and Port Authority of Singapore provisional figures...

Posted By : Amom Remju 2 days 14 hours 47 minutes ago
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Between March 25, 2018 and April 27, 2018 the team at Lift & Shift was looking at the mammoth task of delivering 32 equipment from various yards in Gujarat (L&T Hazira, ISGEC Dahej and Reliance Jamnagar) to 11 projects...

Posted By : Amom Remju 2 days 14 hours 53 minutes ago
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In January-May 2018, Russian seaports handled 328.44 million tonnes of cargo (+2.7%, YoY) including 156.35 million tonnes of dry bulk cargo (+9.0%) and 172.08 million tonnes of liquid bulk cargo (-2.5%), says press...

Posted By : Amom Remju 2 days 14 hours 56 minutes ago
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The Port of Rotterdam Authority is starting a test project with Barge Terminal Tilburg and Certus Port Automation, a manufacturer of container identification and monitoring systems, the company said in its press release.

Posted By : Amom Remju 2 days 15 hours 3 minutes ago
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Despite the fact that ship owners have been more inclined to acquire a second-hand vessel, rather than invest in a newbuilding these days, prices for the latter have started to inch higher.

Posted By : Nanda Koijam 3 days 14 hours 5 minutes ago
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European shipowners, represented by the European Community Shipowners’ Associations ECSA, express their deepest concerns about recent developments on global bilateral trade relations.

Posted By : Nanda Koijam 3 days 14 hours 13 minutes ago
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