The long-term global economic power shift away from the established advanced economies is set to continue over the period to 2050, as emerging market countries continue to boost their share...
Protectionism is the wrong answer to the challenges facing the world, and Germany must fight to safeguard free trade, which guarantees wealth and prosperity for all, the German government, industry...
German carrier Hapag-Lloyd AG has launched a fresh round of debt offering worth EUR 200 million (USD 213.7 million), upsized from the originally announced EUR 150 million. The placing of the...
Seafarers on board the chemical tanker, Sea Emperor that was held at Fawley Port, the UK, were found to be without warm clothing for days and their wages unpaid for...
Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation has seen its full year net profit plunge to USD 3.7 million from a net profit of USD...
The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Amjad, a 300,000 dwt very large crude carrier (VLCC), from South Korean shipbuilder Hyundai Heavy Industries (HHI). Amjad...
Due to the tendency of trade routes to change pushing demand somewhere else, VesselsValue has put together a report showing the current state of affairs at the top 5 Panamax Bulker...
Dubai-based port and terminal operator DP World Limited saw a 3.2% year-on-year growth on a reported basis in its gross container volumes as it handled 63.7 million TEU across its...
It has long be touted as a potential “game-changer” for the crude tanker market and it now seems to be gaining traction. US oil exports in quantities enough to make...
With the ratification of the IMO Ballast Water Management Convention in September 2016, the convention will enter into force on 8 September 2017. With only some months to go, this...
Computation of income of non-resident shipping entities posed many challenges and to ease the same Section 44B was enacted vide Finance Act, 1975 w.e.f. 1 April 1976. It provided that...
Germany believes the International Monetary Fund (IMF) will remain on board with Greece’s bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision to pull out...