Secretary-General of the Organisation for Petroleum Exporting Countries (OPEC), Mohammed Barkindo, Tuesday warned that sharp cutbacks…
Category: News
Hanjin collapse has turned container shipping ‘on its head’
The container market has been “turned on its head” by the collapse of Hanjin Shipping, according…
Container shipping is like being chased by a lion, says Rickmers boss
The chief of financially-troubled shipping trust “firmly believes’ Rickmers Maritime will be one of the container…
Turkish cargo ship sinks off Cyprus
Turkish general cargo vessel Murat Hacibekiroglu II sank in the Mediterranean Sea, northwest of Cyprus, on…
8 injured in fire at Saudi Aramco’s Ras Tanura oil terminal
Eight people were injured after a fire erupted at Saudi Arabian Oil Company’s (Saudi Aramco) oil terminal facility…
Panama accedes to Hong Kong ship recycling convention
Panama, the world’s largest flag state, has acceded to the Hong Kong International Convention for the Safe and…
DSME lands $120m deal out of Jones Act ship order
South Korea’s Daewoo Shipbuilding & Marine Engineer is set to get $120 million from Matson’s order…
Mombasa port records 1.4% increase in cargo volume
Cargo traffic through Kenya’s biggest port, Mombasa, increased by 1.4 percent in the first half of…
Samsung Heavy receives no orders for a year
Samsung Heavy Industries (SHI), one of Korea’s top three shipyards, has not received any orders for…
U.S. retailers fear for cargo aboard Hanjin ships
The National Retail Federation and the Hardwood Federation have led a coalition of 120 organizations representing retailers,…
China shipbuilders log 18.7% rise in new orders in first eight months
China’s shipyards saw newbuilding orders rise 18.7% year-on-year in the first eight months of this year…
Blackouts, violence, now recession: Nigeria’s troubles mount (1)
(Bloomberg) — On a site four times the size of Manhattan along the banks of the…