Dry Bulk Market Fundamentals Point Towards a Viable Recovery
The dry bulk market has dug itself out of the hole it’s been for a large part of the past few years. In fact 2017 has started better than most ship owners would have...
Carriers See Europe-Asia Demand Surge as Box Lines Feel a Capacity Pinch
A surge in airfreight demand on the Europe-Asia trade has seen IAG Cargo suggest that a capacity crunch in ocean shipping is forcing shippers and forwarders to switch transport modes.
IAG Cargo said that it...
Spain to Lose Cargo to Europe Temporarily
Over the last few weeks, Spanish businessmen’s concern has increased over the fact Spanish ports are becoming less effective due to the stevedore’s work-to-rule. According to business sources, currently, it’s taking almost twice the...
Who Wins from the New Bunker Fuel Spec?
US Gulf Coast refiners look well positioned to cash in on the earlier than expected 2020 deadline for ship operators to start using lower sulfur bunker fuel. That seems to be the consensus among...
Marine Engine Market Growing
The marine engines market is projected to reach USD 13.53 billion by 2021, growing at a CAGR of 3.85% from 2016 to 2021. Increased demand for commercial vessels and rise in ship-building industry will...
Militants take Two Sailors Captives
On Thursday, Philippine militants took two crew members captive from a cargo ship, only hours after soldiers rescued two Malaysians held for about eight months on a southern island, officials said.
What happened?
The vessel was...
Cargo Crew Mistaken for Illegal Immigrants
A supposed language barrier proved to be a major hurdle for crew members onboard a cargo ship; they were mistaken as illegal immigrants.
What happened?
On Thursday morning, a language barrier led to security frenzy at...
LEK Lubrication Systems Scoops Mersey Maritime Industry Award
Merseyside business LEK Lubrication Systems has scooped the Micro Business of the Year 2017 award at the prestigious Mersey Maritime Industry Awards (MMIAs).
Success in the MMIAs, which took place on 9th March at Liverpool...
The Republic of the Marshall Islands Registry Now World’s Second Largest
The Republic of the Marshall Islands (RMI) fleet now stands at 223,262,177 deadweight tons (DWT), making it the second largest registry in the world in terms of DWT.
International Registries, Inc. and its affiliates (IRI)...
Bulk Carrier Which Posed a Threat being Cleaned by Divers
The banned bulk carrier vessel that posed a threat to the biodiversity of New Zealand and Fiji is now being cleaned by a team of divers from New Zealand in international waters off Fiji.
What...