Asia-N.Europe Box Rates Fall 8.1 pct
Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data. In the week to Friday, container freight rates dropped 12.4 percent from Asia to ports in the Mediterranean, fell 8.8 percent to ports on the U.S. West Coast and were down 6.8 percent to ports on the U.S. East Coast.
Unipec: U.S. ANS Destined for Sinopec
Arbitrage opens after ANS discount widen on ample supplies. Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including a…
Asia Tankers-VLCC Rates to Hold, Ample Tonnage Weighs
"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa. Freight rates for very large crude carriers (VLCCs)…
Ship of the Year Award for NYK Vessel
Japan's first LNG-fueled ship, Sakigake, which is a tugboat owned by NYK has been recognized with a Technology Special Award at the 2015 Ship of the Year Awards…
G6 Updates Asia-North America West Coast Service
Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance today…
Boskalis Awarded Aberdeen Offshore Wind Farm Contract
Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farm…
IRClass First to Certify Indian Recycling Yards per EU Standard
IRClass is amongst the first organizations in the world to certify ship recycling yards according to EU standards as an ‘Independent Verifier’. IRClass Systems and Solutions Pvt. Ltd.
Great Lakes Dredging Awards Announced
Great Lakes Dredge & Dock Corporation announced that it was recently awarded four contracts with an approximate value of $93 million. Great Lakes received two awards…
Singapore Well-positioned to Benefit from Brexit Permutations
Singapore’s position as Asia’s leading maritime services hub is likely to be enhanced in a post-Brexit environment, according to Singapore-based Ince Law Alliance…
Drydocks World Conforms to FPC under EU Regulation
Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors has successfully been certified to European Standards EN 1090 – 1 and EN 1090-2.
Philippines' Offshore Oil Still in Doubt
The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated…
China to Add 8 Cruises to Push Tourism in South China Sea
Three State-owned enterprises from the shipping, tourism and construction sectors will cooperate to equip up to eight cruise liners and offer diversified sightseeing…
HK Shipping Tycoon George Chao Dies
Following a long illness George Chao, a shipping legend in Hong Kong and president of Wah Kwong Maritime Transport, died, aged 76, in hospital. WAH Kwong Maritime Transport Holdings…
Ship Engine Emissions Adversely Affect Macrophages
A study conducted by Germany’s Helmholtz Zentrum München and University of Rostock found that ship emissions adversely affect the health of inhabitants of coastal regions.
Safe Bulkers to Amend Loan Pact with RBS
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, has agreed with the Royal Bank of Scotland plc (RBS) to amend certain financial…
Can Shipping Nations Act on Global Emissions?
Shipping was not included in the global temperature-reduction targets agreed in the historic 2015 Paris Agreement on Climate Change, yet the shipping industry pledged…
IMO Workshop in Morocco Promotes Energy Efficiency Measures
An International Maritime Organization (IMO) workshop is raising awareness of the organization’s regulatory regime dealing with improving energy efficiency and the control of GHG emissions from ships.
Rescuers Recover 17 bodies, pick up 1,128 Migrants
An Irish navy ship recovered 17 dead bodies on Thursday when it went to the aid of migrants packed onto a wooden boat off the coast of Libya, Italy's coastguard said…
First U.S. LNG shipment to cross expanded Panama Canal
The United States will ship its first liquefied natural gas (LNG) cargo through an expanded Panama Canal next week. The waterway shaves distances between export…
GTT Cuts Outlook on Ship Construction Delays
French supplier of systems for marine transportation of liquified natural gas (LNG) Gaztransport & Technigaz (GTT) reported strong growth in its first half results…
