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Bigger ships to drive Yangtze growth

Larger, more efficient river-going cargo ships are being built to support China’s plan to develop the Yangtze River Economic Belt into a new growth engine for the country. At Zhejiang Zengzhou Ship Building Co, Li Dan and his workers have been busy for over eight months building a ship that carries twice as much cargo [...]

By | January 8th, 2018|News|0 Comments

Making way for mega container ships

Bigger is definitely better. At least for container shipping companies. The sheer size of these mega container vessels allows more cargo to be transported around the globe. Technological advancement in ship engineering and design has made these sea giants more fuel efficient, travel further and require less hands on deck. Shipping companies, which have been [...]

By | January 8th, 2018|News|0 Comments

Fairer weather ahead for Bermudian shippers

Shipping companies such as Bermudian-based Frontline, Nordic American Tankers and Teekay Tankers are likely to see steady improvements to market conditions this year. That is the takeaway view from a market report by international shipping association Bimco. The Baltic and International Maritime Council has labelled last year as one of change “much of it for [...]

By | January 8th, 2018|News|0 Comments

Light at end of tunnel for distressed Indian sailors

In 2017, Gulf News ran a series of stories on the plight of Indian sailors stranded in UAE waters after being neglected by their ship owners and agents. Subith K. Sukumaran, a sailor aboard the MV Sharjah Moon, had become the face of the ordeal scores of seafarers had been going through due to bad [...]

By | January 8th, 2018|News|0 Comments

Clarksons says full-year results to meet expectations despite cyber attack

UK shipping company Clarkson Group PLC (LON:CKN) said full-year results will be in line with expectations despite suffering a cyber attack in November last year. The group had said its security systems had been breached with “unauthorised access gained via a single and isolated user account” but insisted the hack would not affect its ability [...]

By | January 8th, 2018|News|0 Comments

Tankers: The rate of newbuilding deliveries will determine the 2018 course of things in the market

Ship owners active in the tanker market have entered 2018 in a numb state, as they have been looking for some positive news, after what proved to be a more than challenging year. In its latest weekly report, shipbroker Gibson said that “2017 was always expected to be a challenging year, however, for the crude [...]

By | January 8th, 2018|News|0 Comments

China’s Yangtze sees rising cargo volume

China’s longest river, the Yangtze, saw throughput on its main waterway reach 2.5 billion tonnes in 2017, up 8.2 percent. According to the Yangtze River Navigational Affairs Administration under the Ministry of Transport, Yangtze is the world’s busiest inland river in terms of main waterway cargo volume. The throughput at the ship locks of the [...]

By | January 6th, 2018|News|0 Comments

Shipping: How To Reach Your Fuel Efficiency Goals

In a competitive market, and with fuel prices likely to rise again before long, shipping companies cannot afford to leave any stone unturned to maximize energy efficiency. While on paper, every vessel larger than 400 GT has to have a Ship Energy Efficiency Management Plan (SEEMP), few realize their full savings potential. There are so [...]

By | January 6th, 2018|News|0 Comments

Kazakhstan removes over 10,000 vessels from state registration

Kazakhstan’s transport committee under the ministry for investments and development has excluded certain vessels (Self-propelled small-sized vessels weighing up to 200 kg, as well as sports vessels, with length less than 9 meters, without engines, registered in 2014) from its registry list. The Inspection of transport control of the ministry has notified the vessel owners [...]

By | January 6th, 2018|News|0 Comments

VLCC freight rates down by 65% in 2017, Suezmax and Aframax rates retreat in half

It’s safe to say that 2017 has been a dismal year for the tanker market, with average rates down by at least 50% across the board. While this has also been reflected – for the most part – in asset prices as well, creating investment opportunities, most ship owners are looking for some respite in [...]

By | January 6th, 2018|News|0 Comments

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