Maritime

By
0

FALLING demand for new ships and competition from Japan and China have pushed South Korea from its position as the world’s leading shipbuilder, UK-based maritime analysts Clarksons said in a report released on Wednesday. Clarksons, which tracks market trends in the shipbuilding and shipping industries, estimated that the South Korean…

By
0

WHILE the container shipping sector is expected to continue to struggle through 2017, the dry cargo market will see moderate growth of about two percent per year through 2020, maritime consultants Drewry said in a new report. Drewry explained that its research showed an increase in ship demolition levels for…

By
0

AN extended slowdown in trade and depressed freight rates will spur more consolidation in Asia’s container shipping sector, the heads of AP Möller-Maersk and Hyundai Merchant Marine Co. told their companies in their traditional New Year’s speeches to employees. Even though 2016 saw the collapse of South Korea’s Hanjin Shipping,…

By
0

LISTED operator of Manila South Harbor Asian Terminals Inc. (ATI) set a new record for container volume, surpassing one million TEUs (20-foot equivalent units) for the first time in a single year, the company said. “We are capping 2016 on a very high note bannered by record-breaking volume, highest terminal…

By
0

CONTAINER shipping rates are recovering since the collapse at the end of August of South Korea’s Hanjin Shipping, according to data from the Shanghai Shipping Exchange (SSE). As of December 21, the Shanghai Containerized Freight Index (SCFI), which tracks spot rates of shipping containers, stood at 824, up 26 points…

By
0

THE crew of the Hanjin Scarlet, one of the last ships of the failed container line still stranded while a bankruptcy court decides its fate, was treated to a Christmas feast by members of Canadian maritime unions, brightening the holidays for seafarers facing an uncertain future. The Hanjin Scarlet, with…

By
0

THE size of the Philippines’ overseas fleet, or vessels licensed for commercial operations outside the Philippines, in 2016 was virtually unchanged from a year earlier, according to data released by the Maritime Industry Authority (Marina) on December 16. There were 121 registered vessels in the overseas fleet in 2016, an…

By
0

Philippine Coast Guard has reminded mariners to abide by the “Guidelines on Movement of Vessels in Heavy Weather” with the approach of Typhoon Nina, which is expected to make landfall sometime Christmas Day in the Bicol region. According to Coast Guard guidelines, vessels below 1,000 gross tons are prohibited from…

By
0

THE Philippines is one of 13 new countries that have signed on to the United Nations Conference on Trade and Development’s (UNCTAD) port data project, the agency reported this week. With the new members, who joined the project in November, there are now 42 participating ports in Africa, Asia, Latin…

By
0

THE Philippine Coast Guard reported that it successfully rescued 79 passengers, including an infant, from a ferry that ran aground off the port of Escalante, Negros Occidental last Saturday. The ferry LCT Navistar, with 79 passengers and several vehicles on board, was just meters away from the dock waiting for…

1 15 16 17 18 19 23