According to a Reuters report, South Korea's SPP Group (www.spp.co.kr) won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.
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Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices.
Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,
The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.
Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process.
In 2014, a blossoming friendship between Australian
Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a
Carnival Vista, the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, was delivered today at Fincantieri’s shipyard in Monfalcone.
South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder, has received a contract termination for three floating liquefied
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell.
In 2015, seaborne steel products trade accounted for around a fifth of minor bulk trade, having grown on average by 6 percent per annum since 2010, according to Clarksons Research.
The entrance to Brazil's largest reopened on Thursday, after rough seas prevented ships from entering or leaving for more than 30 hours during peak soy export season.