Latest News

March 5, 2021

BIMCO: US crude oil production takes 1.1m bpd hit due to snowstorm

The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in...
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March 5, 2021

Lack of Tonnage Prevalent in the Demolition Market

A lack of tonnage is becoming evident in the ship recycling market, as the firming up of the freight market...
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March 5, 2021

COVID 19: 2020 global shipping CO2 emissions down 1%

Global shipping CO2 emissions decreased 1% last year as the Coronavirus pandemic curtailed 2020 shipping activity, according to maritime data...
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March 5, 2021

S&P Frenzy supercharged by Handy / Supramax rates environment

Amidst the rapidly improving sentiment for the whole dry bulk shipping market, February witnessed multi-year record breaking performance for the...
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March 5, 2021

Freight Market Vs Commodities Rally: A Match Made In Heaven?

Shipping shouldn’t get too carried away by the bullish sentiment which is prevalent in the commodities markets these days, amid...
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March 5, 2021

Greek Shipping and economy 2020: The Strategic And Economic Role Of Greek Shipping

Global Shipping Outlook The pace of global economic activity remained weak throughout 2019, with declining momentum in manufacturing activity and...
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March 22, 2020

Global oil demand could shrink over 3 mil b/d in 2020 due to virus: S&P Global

Global oil demand could collapse by over 3 million b/d this year due to growing social and economic lockdown measures...
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March 22, 2020

Coronavirus could deliver 17 million-TEU blow to container shipping

The world is in the third phase of a global supply chain crisis, according to SeaIntelligence Consulting. The impact on...
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March 22, 2020

Shipowners eye long term marine fuel contracts on price plunge, some cautious

The recent plunge in shipping fuel prices is prompting some shipowners to eye long term supply contracts on a fixed...
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March 22, 2020

The Cruise Industry’s War Against COVID-19

By Salvatore R. Mercogliano, Ph.D. – On Friday, March 13, 2020, the Cruise Lines International Association (CLIA) announced that their ocean-going cruise...
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October 14, 2019

South Korea Fears Japan Trade Dispute Could Scuttle Shipyard Merger

South Korean officials are concerned that Seoul’s increasingly strained trade relations with Japan could derail the country’s planned megamerger of...
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October 14, 2019

South Korean group seen bidding to operate Qatar LNG carriers

Korea Line, Pan Ocean, SK Shipping, Hyundai LNG Shipping and H-Line Shipping have reportedly teamed up to make a bid...
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April 26, 2018

WFW advises ABN on US$220m loan facility

Watson Farley & Williams (“WFW”) has advised ABN AMRO Capital USA LLC (“ABN”) in relation to a US$220m loan facility...
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April 26, 2018

Beast from the East

The difficult ice conditions have forced many shipowners and charterers to carefully review insurance contracts and charterparty ice clauses. In...
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April 26, 2018

Still waters at Ennore terminal rock Adani’s boat

Last year, when the Adani group invested ₹800 crore to set up a container terminal at the Kamarajar Port (KPL)...
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April 26, 2018

Baltic Exchange launches Escrow Service for vessel sales

The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The...
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April 26, 2018

Job losses from restructuring hit shipyard cities

Shipyard cities and surrounding areas suffered steep job losses over a one-year period from ongoing restructuring efforts, state data indicated....
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April 26, 2018

Hyundai Mipo bags 179 bln won deal to build 4 carriers

Hyundai Mipo Dockyard Co., a local shipbuilder, said Wednesday that it has received a 179 billion won (US$165 million) order...
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March 21, 2016

DSME to cut 12,000 Jobs

South Korea’s Daewoo Shipbuilding & Marine Engineering will cut 12,000 jobs from its workforce by 2019 as it tries to...
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March 21, 2016

SHI close to winning 1.6 billion LNG ship order from GAIL

Samsung Heavy Industries Co. is close to winning a $1.6 billion liquefied natural gas (LNG) carrier order in India as...
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March 14, 2016

Korean shipyards’ order backlog hits 12-year low in March

SEOUL, April 6 (Yonhap) -- The order backlog held by South Korean shipbuilders has dropped to the lowest level in...
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Latest Jobs

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NDT Level 3 Inspector required in DSME Geoje.

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Project Manager required for Detailed Project Requirements documentation work in Busan.