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Maritime News, Shipping Investment Focuses On Gas
Maritime News,
Shipping Investment Focuses On Gas
Gas carriers cornered the largest chunk of global shipping investment last year since 2005, just as the profits to be made from shipping liquefied natural gas are falling to their lowest in almost two years.
According to Clarkson, the world’s… [more]
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Maritime News, EU to provide over €37 million to fight piracy in Eastern and Southern Africa
Maritime News,
EU to provide over €37 million to fight piracy in Eastern and Southern Africa
The EU will provide some €37 million to strengthen the fight against piracy in several Eastern and Southern African countries through support for the Programme to promote Regional Maritime Security… [more]
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Maritime News, A European Maritime Day on sustainable maritime tourism and connectivity
Maritime News,
A European Maritime Day on sustainable maritime tourism and connectivity
Coastal development and sustainable maritime tourism are the focus themes of this year's edition of European Maritime Day. For two days in Valletta, Malta, experts from all maritime sectors and from… [more]
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Maritime News, Slow steaming to escalate
Maritime News,
Slow steaming to escalate
The freight rate war currently taking place between Asia and Europe, and between Asia and the US, and the further addition of new ships, will force carriers to resort to more slow steaming.
Although slow steaming continues to be a contentious issue with… [more]
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Maritime News, Bahri Recognized as One of the Top Arab Companies
Maritime News,
Bahri Recognized as One of the Top Arab Companies
The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab Region by Forbes Middle East.
Engr. Saleh Al-Jasser, Bahri CEO received the award during an event organized under the… [more]
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Maritime News, Demolition: Check Out Our Make or Break Scenario
Maritime News,
Demolition: Check Out Our Make or Break Scenario
In recessions shipping sentiment can sometimes have a slightly schizophrenic feel. The more demolition mantra crops up again and again at conferences, which is fair enough. But it makes a strange bedfellow for the buy low sell high… [more]
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Maritime News, Maersk seeks to double shipping rates in fragile market
Maritime News,
Maersk seeks to double shipping rates in fragile market
A.P. Moller-Maersk , owner of the world's biggest container shipping company, is "100 percent certain" it can more than double freight rates in July despite market weakness that has seen prices fall by a third… [more]
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Maritime News, 10 Professional Mistakes Seafarers Should Never Make Onboard Ships (With Real Incidents)
Maritime News,
10 Professional Mistakes Seafarers Should Never Make Onboard Ships (With Real Incidents)
There is no dearth of stress on board ships. Ask a seafarer and you will know what it takes to work on board. It is the ultimate test of both physical and mental strength.
No mariner… [more]
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Maritime News, Martek Marine: “shipping companies face potential manslaughter charges”
Maritime News,
Martek Marine: “shipping companies face potential manslaughter charges”
Martek Marine is advising shipping companies that they are putting themselves at risk of facing corporate manslaughter charges if they do not carry an adequate number of maintained and certified gas… [more]
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Maritime News, CMA CGM announces the launching of three new joint services and the reshuffling of its Asia– S.America services
Maritime News,
CMA CGM announces the launching of three new joint services and the reshuffling of its Asia– S.America services
In view of continuous challenging trading conditions effective from July 2013 CMA CGM, Maersk Line,Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin… [more]
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Maritime News, Shipping recession may have hit bottom: STX Pan Ocean
Maritime News,
Shipping recession may have hit bottom: STX Pan Ocean
The downturn of the global shipping industry that has sent many owners into losses may have passed its bottom, according to STX Pan Ocean (STX PO), an indication that a gradual recovery is taking shape.
“Despite all… [more]
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Maritime News, Asia benchmark PG-Japan LR1 rate falls below w100 on tonnage glut
Maritime News,
Asia benchmark PG-Japan LR1 rate falls below w100 on tonnage glut
A drop in naphtha and jet cargo volumes coupled with a tonnage glut saw the Long Range I tanker freight rate for moving products on the benchmark Persian Gulf-Japan route fall below the key Worldscale 100 level Tuesday.
This… [more]
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Maritime News, IMO U-turn jeopardises citizens’ health in EU Year of Air
Maritime News,
IMO U-turn jeopardises citizens' health in EU Year of Air
The International Maritime Organisation (IMO) yesterday decided to postpone the entry into force of nitrogen oxide (NOx) emissions limits for ship engines from 2016 to 2021. Environmental NGOs Transport & Environment… [more]
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Maritime News, Maersk Line CEO Visits Panama Canal Expansion
Maritime News,
Maersk Line CEO Visits Panama Canal Expansion
Maersk Line CEO Søren Skou visited the Panama Expansion construction site accompanied by Panama Canal Administrator Jorge L. Quijano during his recent trip to Panama.
Skou and other Maersk Line executives had the… [more]
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Maritime News, IMO’s Secretary General opening speech on Marine Environment Protection Committee (MEPC), 65th session
Maritime News,
IMO's Secretary General opening speech on Marine Environment Protection Committee (MEPC), 65th session
Before I address some of the most important items on your agenda this week, I wish to update you on some general matters of importance to the work of the Organization relevant… [more]