With the shipping markets not able to sustain the global fleet, everything around the industry is revolving around restructuring. In its latest weekly report, shipbroker Allied Shipbroking said that “it...
Containership fleet capacity has increased rapidly in recent years, rising by a substantial 8.1% in 2015 and passing the 20 million TEU milestone earlier this year in July. However, with...
The United Kingdom Hydrographic Office (UKHO) has launched three new Port Approach Guides with the support of the Maritime and Port Authority of Singapore (MPA). Singapore is a major maritime...
Activity in China’s manufacturing sector may have shown mild expansion in October, a Reuters poll showed, adding to evidence of more stability even as weak demand continues to hamper some...
The French output grew less than expected the third quarter as part of a start-stop expansion that leaves Europe’s second-largest economy lagging its neighbors. Gross domestic product expanded 0.2 percent...
Euro zone economic sentiment was much better than expected in October driven by higher optimism in industry and services, a monthly European Commission survey showed on Friday. The Commission said...
Miami-based cruise line operator Royal Caribbean Cruises’ adjusted net income increased to USD 690.9 million in the third quarter of 2016 from USD 628.1 million seen in the same period in 2015....
A total of 385 kilos of cocaine were retrieved from the water after the illicit cargo was thrown overboard from a container ship, according to Italian law enforcement agency Guardia di...
Swedish tanker shipping company Concordia Maritime has entered into a sale and leaseback agreement for the 158,000 dwt Suezmax tanker Stena Supreme. Under the deal with a Japanese ship owning company,...
Indian private sector company Reliance Industries Limited (Reliance) has inaugurated its first two very large ethane carriers (VLEC) in a ceremony held in Geoje, South Korea. Constructed by Samsung Heavy...
US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG has plunged into a net loss of USD 7.1 million during the second quarter of the fiscal year 2017...
The ECB will decide in December on the mechanism of prolonging its quantitative easing asset purchase programme, European Central Bank policymaker Ewald Nowotny said on Thursday. “There will be two...