Cosco Shipping: Piraeus Port First Half Profits drop on Increased Investment Expenditure

Results of the Group for the six months ended 30 June 2017 are highlighted as follows: – Revenue increased 0.3% to US$275,776,000 (1H2016: US$274,983,000).

Container shipping: Solid demand growth reduces spot rate volatility

As freight rates are coming back from the abyss, their actual rise seems to be magnified beyond their actual performance. Some container spot freight rates are up more than 100% from the very low levels of last year, but may still be at a loss-making leve

Dry bulk shipping: Strong demand improves market as it exceeds high fleet growth

A critical work of balance has been going on in the dry bulk market for quite some time. In its latest short-term outlook of the dry bulk market, issued yesterday, BIMCO said that should demolition fall short by 5m DWT, fleet growth will jump to 3.4%.

Shipping: Commodities’ Pricing Trends During First Half of 2017 a Mixed Bag Says Shipbroker

The shipping industry is directly linked with the prices of raw materials and commodities like oil, iron ore and...

Enhancing Socially Responsible Shipping: ClassNK and Green Award strengthen ties

ClassNK and Green Award announced that they would further broaden their cooperation to ensure safety and minimize...

Shipping: Getting ready for recovery

It has been a brutal few years in the shipping and offshore markets with overcapacity, declining demand and the...

Responsible shipbreaking can secure a sustainable future for shipping: NGO

The mentality of most shipowners not feeling responsible for the proper end-of-life management of their fleet...