Higher Container Equipment Prices to Squeeze Leasing Rate Returns
Container equipment rental rates and cash investment returns remain weak, despite last year’s recovery. Although prospects for the coming years are almost as good, with container production expected to exceed 3.5 million teu from...
DryShips Inc. Announces Fleet Update
NASDAQ released a press release from DryShips Inc., a diversified owner and operator of ocean going cargo vessels, on wednesday. In the press release the company announced the following:
The entry into agreements with...
If You Like a Party, These are the Caribbean Cruises for You
Irrespective of our personality, we can all enjoy a Caribbean cruise. Whether it's Reggae, calypso, salsa, soca – whatever place you like to party, the Caribbean has a beat to match. Throw in a...
French Shipping Giant Ditches Iran
French container transport and shipping company, CMA CGM, has joined Hyundai Merchant Marine, Maersk Line and Mediterranean Shipping in withdrawing its Iranian services in advance of US sanctions being imposed on the country.
Set back...
IBIA Chooses Copenhagen for its Convention
The International Bunker Industry Association (IBIA) has planned to conduct its IBIA Annual Convention 2018, on 6th-8th November 2018, at the Scandic Kodbyen hotel in Copenhagen.
IBIA Annual Convention
The Annual Convention is one of the...
Jail for Chief Officer of Ship in Fatal Collision Who was Unqualified
The first chief officer of a ship that was involved in a fatal collision off the southern island of Pulau Sebarok in 2017 has been awarded jail for being unqualified to handle the vessel.
What...
Cargo Ship Hit by Huge Waves Off Trang, 17 Containers Lost
On July 11, a large cargo vessel was battered by huge waves causing 17 containers to topple into the sea.
What happened?
The large container ship ‘NP Lovegistics 2’ was caught amid huge waves which caused...
Singapore Tops World’s Shipping Centre Rankings in 2018
Singapore has bagged the title of ‘Best Shipping Centre’ yet again, making it to win the title for four consecutive years.
A study conducted by Baltic Exchange and Xinhua revealed the finding with cities such...
Hoses Gain Ground as LNG Cargo Transfer Technologies Advance
With the rise to prominence of floating storage and regasification units (FSRUs) and LNG bunker vessels (LNGBVs), hose-based solutions are joining the traditional marine loading arm (MLA) as a key cargo transfer technology. As...
Scrubbers will Give Owners a Return on Investment
With more shipowners opting to install marine exhaust gas cleaning systems to their fleets, together with the publication of a UMAS report putting paid to the notion that LNG is a viable way of...