China - US peak season shipping is in full swing. China vs West Coast prices were just one dollar less than the previous year, at about $1,210/FEU. They’ve risen 73% since then and...

LNG carriers spot rate on high tide No disruptions from fuel prices Demand for spot charter rise Old vessels not economical for modern transit LNG spot charter rates have touched the highest mark since...

The severe tanker market conditions of last week is likely to prevail this week. However, despite the looming crisis BIMCO experts foresee a possibility of tanker fleet growth. Owners are digging deep into the...

Capesize A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of Brazil cargoes resulted in a slide in rates. The active...

Organised by Biz Events Management, ShipTek Hong Kong Summit - Ship Owning & Ship Management Conference & Awards, concluded successfully at Renaissance Harbour View Hotel, Wanchai, Hong Kong on 30th August 2018. Launched in...

The technology giant Wärtsilä is all set to develop a state-of-the-art container vessel under an agreement with all leading marine players. Industry consortium An agreement has been signed between the leading marine industry players to collaborate...

From the time IMO’s Ballast Water Management Convention entered into force, increasing number of shipowners are flocking to install ballast water treatment systems onboard their vessels. All eyes on Gibdock The Gibraltar-based Gibdock is endowed with...

On September 2, a ferry carrying over hundred people caught fire near the Port of Taloot in Argao, Cebu. What happened? The ferry ‘MV Lite Ferry 28’ was enroute from Tagbilaran to Argao port when it...

Adhering to these stricter environmental standards could add at least $2 billion to our annual fuel bill from 2020, says, the world’s largest container shipping line, Maersk. An explicit view of how vessel owners will...

Chinese Ministry of Transport has made some changes in the Regulations on the Administration of Domestic Waterway Transport for Imported Ships. From now on ships have to comply to the NOx diesel...