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Poll
Will freight markets ever return pre-crisis levels?
Yes, in 2014
Yes, in 2015
Yes, after 2015
No, never!
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Focus TOP RATED MOST READ

Crashes in crucial U.S. crude waterway hit 10-year low Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show
Thursday, 17.Apr.2014, 14:40
Russian Arctic Northern Sea Route at new record high in 2013 Traffic via the Northern Sea Route (NSR) that runs across Arctic waters continues to grow and hit new records in 2013
Thursday, 17.Apr.2014, 14:35
Damen launches Kuwait Oil Company’s new ASD Tug  The Kuwait Oil Company’s (KOC) new ASD Tug 3212 was launched end of March at Damen Shipyards Galati, Romania. 
Thursday, 17.Apr.2014, 14:30

EU Sets Up Sustainable Fishing Model Operating rules for European Maritime and Fisheries Fund (EMFF) aid to help fishermen to comply with new Common Fisheries Policy (CFP) requirements were endorsed by the Parliament on Wednesday.
Thursday, 17.Apr.2014, 14:28
Singapore's quarterly economic growth appeared to slow to 5.1pc THE Singapore economy grew by 5.1 per cent year on year in the first quarter, lower than the 5.5 per cent growth in the previous quarter based on advanced estimates from its Ministry of Trade and Industry (MTI). 
Thursday, 17.Apr.2014, 14:25
Le Havre receives 18,000-TEU Magleby Maersk on maiden voyage THE French port of Le Havre's HAROPA terminal that serves north Europe has received the 18,000-TEU Magleby Maersk, one of the Triple E class of newbuildings, fully laden on its maiden voyage. 
Thursday, 17.Apr.2014, 14:21

Felixstowe dredging starts for new berth extensions of 1,120 metres WORK has commenced at the Port of Felixstowe, 70 miles northeast of London, on the latest expansion of the UK's largest container port.
Thursday, 17.Apr.2014, 14:19
Maersk offers island hopping loop via Indonesia, PNG, Tanjung Pelepas MAERSK Line has launched the first overseas shipping service to call at the Port of Bitung in East Indonesia, linking local shippers to the global trade routes through Malaysia's big transshipment Port of Tanjung Pelepas.
Thursday, 17.Apr.2014, 14:12
13,208-TEU OOCL Korea to join mega ships of Asia-Europe route HONG KONG's Orient Overseas Container Line (OOCL) has held a naming ceremony for its latest 13,208-TEU newbuilding, the OOCL Korea, on Geoje Island in South Korea. She is joining the Asia-Europe trade.
Thursday, 17.Apr.2014, 14:08

Shanghai quarterly volume up 4.6pc to 8.2 million TEU, up 3pc in March THE Shanghai International Port (Group) has posted a 4.67 per cent year on year increase in the first quarter throughput to 8.266 million TEU, also announcing a three per cent year on year hike in March volume to 2.963 million TEU 
Thursday, 17.Apr.2014, 14:06
Hong Kong up 8.7pc in March to 2 million TEU, Singapore up 7.2pc FIGURES from the Hong Kong Marine Department show the port handled 2 million TEU in March, representing a year-on-year increase of 8.7 per cent from 1.38 million TEU in March last year. 
Thursday, 17.Apr.2014, 14:02
Sewol Disaster: 284 people still missing The "Sewol" sank in 30 meters of water off Jindo Island, South Korea after striking an underwater rock near Gwanmae Island. 
Thursday, 17.Apr.2014, 13:52

4 dead, 300 still missing in South Korean Ferry Disaster Almost 300 people remain unaccounted for after a ferry named Sewol carrying 459 people capsized and sank off South Korea.
Wednesday, 16.Apr.2014, 13:16
Zamakona to Build Voith Schneider Tug for HPC Haifa Port Company (HPC) has awarded the international tender for a new build Voith Schneider tug to Zamakona Yards of Spain.
Wednesday, 16.Apr.2014, 04:55
EU scores transport: Top marks to Netherlands, Germany, Sweden, Denmark ON the European Commission's EU Transport Scoreboard, which ranks member states in 22 categories across all modes, the Netherlands came out on top with Germany, Sweden and Denmark close behind. 
Wednesday, 16.Apr.2014, 04:47

TURKISH STRAITS
Second US Navy destroyer heads to Black Sea
Wednesday, 09.Apr.2014, 18:57
Another US military ship is set to be deployed in the Black Sea amid the Ukrainian crisis. The US Navy destroyer Donald Cook will join the USS Truxtun, whose stay in waters bordering Russia was extended to ‘conduct drills’ with Romania and Bulgaria.
Giant platform "Xiang Yun Kou” passed Strait of Istanbul early this morning
2 Russian warships passed through the Dardanelles this afternoon
Ukrainian Navy flagship takes Russia’s side – report
M/V TILL had an engine failure in Istanbul Strait
UKHO Publishes Mariners' Routeing Guides for Turkish Straits
   
COLUMNISTS
The Montreux Convention and the Crimean Crisis
Friday, 04.Apr.2014, 14:40
With reports of Russian military buildup on the Ukrainian border days before the Crimean referendum tensions are mounting in the Black Sea region. 
2013 and 2014 in World Economy and Maritime Markets
Piri Reis: Ottoman Sailor of the Exploration Age
Shipping Sector Review 2013
Costa Concordia and Titanic: Same errors, same fate!
If you can not be happy with me, You can be happy with no one else...
   
WORLD SHIPPING
Fitter crews and fewer claims: PEME's 18-year achievement
Wednesday, 16.Apr.2014, 04:43
THE UK P&I Club's Pre-Employment Medical Examination programme (PEME), a scheme for assessing the fitness of prospective seafarers, has just completed its 300,000th examination, the maritime insurer has announced.
Maersk Line cuts carbon emissions while still increasing its business
SeaIntel: P3 likely to destroy existing alliances and create new ones
P3 readies for operations in 3 months, opens temporary offices in London
AADA to increase rate US$500/TEU from China to Australia May 15
Baltic sea freight index down on weak capesize rates
SHIPPING NEWS
U.S. Navy Takes Delivery of Newest Ship
Friday, 11.Apr.2014, 14:30
Huntington Ingalls Industries’ Ingalls Shipbuilding division delivered the amphibious assault ship America (LHA 6) to the U.S. Navy.
Kyowa Shipping expands cold chain capability with -40C reefer boxes
Chuck Hagel kicks off China visit with rare glimpse of Liaoning aircraft carrier
Volatility still seen in shipping sector
Britain’s Biggest Warship Naming Countdown Kicks Off
Minister commissions Dutch navy’s biggest ship
   
SHIPBUILDING
NYK signs charter agreement for eight new 14,000 TEU vessels
Wednesday, 16.Apr.2014, 04:23
JAPAN's NYK has signed a time charter agreements for eight new 14,000 TEU containerships which will be built at the Kure shipyard of Japan Marine United Co Ltd.
Mid East shipowners place $5.5billion newbuild orders
Unique Trawler Joins the Russian Fleet
Korean shipbuilding orders dry up, lack of state financing blamed
Japanese shipbuilders lead way building 'green' ships of the future
UZMAR’s Super Silent Smart Tug KOC MUSANED-2 Returns from Sea Trials
   
ACCIDENTS
Drifting Cargo Vessel Wilson Gdynia in Need of a Tug, UK
Tuesday, 15.Apr.2014, 05:56
Eight crew members of the stricken general cargo vessel Wilson Gdynia are still waiting for help after the ship lost steerage approximately 20 miles west of Skerryvore Lighthouse, South West of Tiree on April 12th.
Avance Newbuilding Catches Fire
Tanker Sinks Causing Oil Spill in the Gulf of Thailand
Captain found at faulty in ferry allusion
2810 TEU Hansa Constitution runs aground in Hong Kong
Turkish and Georgian ships collided in North Aegean.
MARKETS
Shipping costs to rocket as mandates hit next year
Monday, 14.Apr.2014, 03:06
LEGAL requirements to use low-sulphur fuel in emission control areas of the North Sea and Baltic Sea will increase costs by as much as US$120 per TEU next year, say Drewry analysts.
Rising Black Sea, Med Aframax freight rates leads to loadings on Suezmaxes
APM: Maritime Industry Slowly Recovering
OOCL hikes north Europe-St Petersburg rate US$68.55 TEU from May 1
Hapag-Lloyd hikes Far East-Arabian Gulf rate US$200/TEU on April 1
Rate decline slows as market braces for cross-the-board GRIs
   
INSIGHT/OPINION
Container Shipping: Excessive cuts in capacity
Tuesday, 15.Apr.2014, 18:14
Recent cargo roll overs jar with talk of over capacity, but shippers wouldn’t be left waiting for shipments if the latent capacity was unleashed. 
Seabury doubts 'new normal', faults protectionism, sees recovery ahead
The Way Back to Balance is Getting The Right Balance
How do you calculate loss of earnings following a collision?
Drewry: Container Industry Stuck in Vicious Cycle
Just how viable is nuclear-powered shipping?
   
SHIPBROKER REPORTS
Lion Shipbrokers Report WEEK 15 – 11 APRIL 2014
Saturday, 12.Apr.2014, 15:41
The BDI is going south for one more week, standing at 1002 today, just two points away from breaking the psychological barrier of 1000 mark.
Lion Shipbrokers Market Report: WEEK 14 – 04 April 2014
Lion Shipbrokers Market Report: WEEK 13 – 28 MARCH 2014
Lion Shipbrokers Market Report: WEEK 12 – 21 MARCH 2014
Lion Shipbrokers Market Report: WEEK 11 – 14 MARCH 2014
Lion Shipbrokers Market Report WEEK 10 – 07 MARCH 2014
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News in Pictures

The 366 metres long container giant MSC BEATRICE passing through the Strait of Çanakkale (Dardanelles). Photo by Ahmet Güven.


 
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