Shipping

  • Israeli Navy Seizes Gaza-Bound Flotilla Vessel

    Israeli Navy boarded a Freedom Flotilla Coalition’s ship and took control of the vessel some 105 nautical miles off Gaza’s shore in the early hours of Monday, ”to redirect it in order to prevent a breach of the naval blockade of the Gaza Strip,” the Israeli Defense Forces (IDF) said in a statement.

  • Hong Kong shipping lines in limbo over new...

    Container shipping lines in Hong Kong are holding their breath over a new competition law, which if it goes into effect the way it is written now, will render most of them violators with a liability of 10 per cent of their annual turnover.

  • Flooding Caused by Poor Training, Poor Engineering

    The U.K. Marine Accident Investigation Branch (MAIB) has released its investigation into the flooding and abandonment of the general cargo ship Sea Breeze citing lack of training and a poor standard of engineering on the vessel. 

     

  • Analysts expect Buhari to retain N1.5trn lost...

    Worried by the continuous domination of the Nigerian generated seaborne trade by foreign vessel owners, which results to huge capital flight estimated at N1.5 trillion annually, maritime industry analysts are pushing for favourable policy direction from the Muhammadu Buhari-led administration that would help in growing local participation in the nation’s shipping business.

  • Regulator Exempts Qatar-Owned Shipping Line From...

    The Federal Maritime Commission granted an exemption to the Qatar-controlled United Arab Shipping Co. from the regulator’s close oversight of the freight pricing of state-owned shipping companies after the company challenged the policy.

  • NYK Starts New Containership Service Linking Asia...

    NYK will team with five other shipping companies — i.e., CMA-CGM, Hamburg Süd, Hapag-Lloyd, China Shipping Container Lines, and United Arab Shipping Company — to start new service in July 2015 linking Asia and the east coast of South America by two loops.

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McKinsey: India's Coastwise Shipping Will Grow Rapidly

Consultants McKinsey & Co. and AECOM have completed a study for the Indian Ministry of Shipping regarding the nation's maritime freight traffic, and have concluded that optimization – primarily boosting coastal shipping and speeding up container exports – could lead to cost savings in the billions.

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Container shipping 2016: holding on for dear life

I don’t know if shipping executives feel envious of Uber, the current darling of the sharing economy. Glorifying articles in the business press, sky high valuations, and an image of slayer of business-as-usual; all of that must be getting some people in shipping to turn green with envy. Oh, and did I mention prospects of spectacular growth in the years ahead?

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