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Waning Demand from China May Send Dry Bulk Crashing
The onus is now on shippers to solve the overtonnaging problem, says Jens Ismar, CEO of Norwegian carrier Western Bulk.
11 May 2015
Singapore's ST Shipping, Mercuria Charter Aframax Tankers, Boosts Time Charter Rates
The activity could mean a firmer market for June, say analysts.
11 May 2015
Ship Glut, Low Fuel Costs Mean Low Freight Rates Until 2020: Goldman Sachs
Average utilization rate of the dry bulk shipping fleet is scheduled to decline from 90 percent to 70 percent by 2019.
8 May 2015
Collapsed Bulk Market Still Offers Opportunities For Clipper Group
Clipper is eyeing a purchasing option for its chartered ships to expand business.
7 May 2015
Alphaliner: Despite Rumours, China COSCO, CSCL Merger "a Remote Option"
China COSCO and CSCL have again denied speculation that the two companies are working on consolidation
7 May 2015
Brightoil to Sell Bunker Tanker to Singapore Subsidiary
Brightoil 319 Oil Tanker Pte Ltd. will purchase Vessel 319 for $8.4 million.
7 May 2015
Australia Urged to Wait on Implementing Marine Sulfur Limits
The Cruise Lines International Association said that the country should base its actions off of science-based studies instead.
7 May 2015
MPA Signs $1.83 Billion Singapore Mega Port Project
The new port terminal will have 20 deep-water berths with a capacity of 20 million TEUs per year.
4 May 2015
NZ Bunker Spill: The Volume Itself is Irrelevant, Whether the Response was Appropriate is the Key Factor, says Mobil
"In this case, we can be absolutely confident the Bay of Plenty Regional Council has manned an excellent response," says spokesperson.
4 May 2015
Wind and Solar Marine Propulsion Technology Moves a Step Closer to Commercial Reality
With the new facility EMP says it plans to build and test a complete Aquarius MRE System at the site with production due to start during 2015.
4 May 2015
Reports: Dynamic Oil Trading's Former CEO Lars Møller Starts New Singapore-Based Business
Dania Trading is understood to be offering brokerage and maritime consultancy services with a focus on Asia.
1 May 2015
South Korea Announces "Exciting Plans" to Develop LNG Bunkering Facility
Busan New Port will see a LNG bunkering facility developed by 2018.
30 Apr 2015
DSME Releases Over 100 LNG Shipbuilding Patents
Daewoo reportedly spent about $47 million developing the technologies.
30 Apr 2015
Low Bunker Prices Help CSCL Triple Profits
The Chinese box carrier reports a 306 percent year-over-year net profit to $40 million.
30 Apr 2015
Report: Asia Pacific to Dominate Lubricant Market By 2016
Lubricants are following the same trends seen in the shipping industry.
30 Apr 2015
Mobil Apologises After Being Identified as Source of Tauranga Bunker Spill
A claims process has been set up for damages caused directly by the spill.
29 Apr 2015
Fuel Spill During Bunkering in New Zealand, Heavy Winds Interfering with Cleanup
It is not currently known how much fuel was spilled into Tauranga Harbour.
28 Apr 2015
MISC: No Intention to Sell its AET Tankers Business
Petroleum shipping remains a "core element" of business.
28 Apr 2015
New Hong Kong Sulfur Cap Could Pave the Way for Similar Rules in Mainland China
The Pearl River Delta reportedly accounts for about 10 percent of the world's container port traffic.
28 Apr 2015
Singapore: MPA Unvails Drone Technology to Help Combat Bunker Spills
Drones can be deployed more quickly than traditional aircraft and helicopters, says Bas Wiebe, General Manager of Singapore Oil Spill Response Centre.
27 Apr 2015
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