MOL trims fleet in face of lower demand
Top-News: No Teaser Text: As a result of this year’s ‘worsening market trends’, the Japanese operator of the world’s largest merchant fleet - Mitsui OSK Lines (MOL) - is intending to scrap or...
View ArticleDanes request delay in ship recycling rules
Top-News: No Teaser Text: According to a recent Danish EU presidency proposal, the draft regulation on ship recycling would prove most effective if it were to apply two years after its publication in...
View ArticleRussia scraps its final Cold War submarine
Top-News: No Teaser Text: Russia’s State Atomic Energy Corporation Rosatom has signed a contract with Italy for the decommissioning of the last existing Northern Fleet nuclear submarine no longer in...
View ArticleConcern over shipping rate volatility
Top-News: No Teaser Text: As container shipping lines prepare to introduce a new round of peak season surcharges on the trunk Asia-Europe trade route, overcapacity is causing forwarders to fear that...
View ArticleBIMCO: Container capacity adjustment important
Top-News: No Teaser Text: The Baltic and International Maritime Council (BIMCO) says the future may hold a much faster recovery and more sustainable box rates if tonnage is idled ‘to bring balance to...
View Article'Frantic' scrapping of younger vessels
Top-News: No Teaser Text: 'Cash-strapped ship owners will scrap younger and younger ships this year as the dry bulk market wallows in the doldrums,' the UK's Drewry Maritime Research has stated in its...
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