The Minister of Shipping has said that the efficiency of Indian ports has improved greatly over the last two years and the performance of government ports in the country has been better than private ports this year.
Mitsui O.S.K. Lines, Ltd. announced the delivery of the new building Very Large Ethane Carrier (VLEC) “ETHANE CRYSTAL”, by SHI, for Reliance on November 9.
Moderating vessel supply growth over the next few years together with a mild improvement in the outlook for seaborne trade will enable a reduction on chronic overcapacity.
Containership demolition reach all time high and provides a positive surprise for the struggling container shipping industry.
Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to Drewry.
On November 8, 2016, General Dynamics NASSCO shipbuilders delivered the Constitution, an American Jones Act-qualified ECO Class tanker, to SEA-Vista LLC.
The present edition of the Review of Maritime Transport takes the view that the long-term growth prospects for seaborne trade and maritime businesses are positive.
The VSA will come into force in May 2017, between MSC, Maersk Line, Mitsui O.S.K Lines and Hamburg Sud.
Magsaysay MOL Marine, Inc. held a long-service awards presentation ceremony for Filipino seafarers who work for MMM in Manila and hosted a Family Day event the following day.