China coal demand key uncertainty for dry bulk shipping in 2017: SGX

Demand for coal from China is likely to remain the key uncertainty for dry bulk shipping in 2017 according to the Singapore Exchange (SGX). SGX noted in its monthly dry freight report that Chinese coal demand had been one of the main surprises for the market in 2016. “Looking forward, that same dark cloud of […]

Posted by: on Feb 10, 2017 read more

Ship arrested as UK cruise firm folds

  The Bahamas flagged cruise ship Voyager, which was arrested in Singapore last month after UK – based All leisure Group went into administration. The company – which owned the Swan Hellenic and Voyages of Discovery brands – also operated the Bahamas – registered Minerva and said the move into administration had been made as […]

Posted by: on Feb 10, 2017 read more

Eight Crew Kidnapped in Gulf of Guinea

A total of eight seafarers were kidnapped by pirates from their vessel BBC Caribbean in the Gulf of Guinea, Nigeria, according to the Embassy of Russian Federation in Nigeria. The pirates abducted seven citizens of Russia and a citizen of Ukraine from the 2008-built general cargo ship while it was some 120 nautical miles west-southwest of Bonny […]

Posted by: on Feb 09, 2017 read more

Struggling shipping industry pummels South Korea

                   TWO South Korean shipping lines which are included in the world’s largest market shares in seafaring industry continue to struggle amid the crisis besetting the business.                     First to collapse and fade into history is South Korea’s […]

Posted by: on Feb 07, 2017 read more

Panama Canal Breaks Monthly Tonnage Record

In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the expanded and original locks, the canal authority announced. The previous record was set in December 2016, when 1,166 ships transited the waterway reaching a total of 35.4 million PC/UMS. […]

Posted by: on Feb 07, 2017 read more

UK MCA Fines Masters Of Two Vessels £3,000 Each For Humber Collision Accident

The masters of two vessels that collided in the Humber during thick fog in May last year have been fined £3,000 each, plus costs. David Carlin, the master of the World War II motor launch Peggotty and Thomas Neilsen, master of the Danish flagged Petunia Seaway were both prosecuted under section 58 of the Merchant […]

Posted by: on Feb 07, 2017 read more

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