The American Petroleum Institute (API) estimated on a surprise crude oil inventory build of 1.57 million barrels for the week ending January 17, compared to analyst expectations of a 1.009-million-barrel draw in inventory, reports Oilprice.omThe week saw a build...
Larger breakbulk and heavylift vessels are predicted to see an average 6% rise in their earnings this year.
Container lines ‘lose interest’ in oversized cargo.
Carrier poaching receded significantly in past months as the supply of containerships has...
Maersk CEO Soren Skou voiced that strict enforcement of competition rules in EU proves detrimental to growth.
It prevents development of the global champions necessary to compete with Chinese and U.S. companies.
The calls came after Brussels last...
Today, the Asian shipowners represent almost half of the world fleet with great potential. The Asian trade, fleet, seafarers and financing capital are now all very important
elements of the international shipping industry, writes Wayne Wei Zhuang, BIMCO's Regional Manager...
THE Alliance announced its launch of 20-21 network schedule, with fewer weekly services on 1 April, reports The LoadStar.Despite the incorporation of HMM and its newbuild ULCVs, THE Alliance (THEA) will still lag behind its 2M and Ocean alliance...
Shippers have the choice of opting for carrier-owned containers or shipper-owned containers.
COCs are opted for standard shipments on stretches with a high volume of cargo flow.
SOCs are preferred by shippers when the trade route is between...
According to an article published in Seatrade-Maritime News, CSSC Hudong-Zhonghua Shipbuilding announced it has inked a contract with Petronas for the construction of two LNG carriers.
Designed for coastal areas
The two 79,900 cu m LNG carriers, in 239 meters length,...
In a recent post related on the social networking site LinkedIn, Lars Jensen, a leading expert in the container shipping market highlighted the future of BAF and how it is slated to increase in the coming months. The Loadstar...
Shipping company Wanmar signs contract for VM scrubber in order to comply with the IMO2020 regulations, says an article published in Value Maritime website.
The scrubber contract
Wanmar, in order to comply with the IMO2020 regulations has taken the step to...
As a part of its strategy, Maersk plans to focus more on cold storage rather than transportation.
In 2018, the ocean transport business accounted for almost 80% of core earnings.
Compared to the other shipping lines, its share...
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