Container shipping line United Arab Shipping Company (UASC) has ordered 2,000 new energy efficient reefer containers from Japan’s Daikin as part of the company’s expansion of its reefer services.

Kuwait Oil Tanker Company (KOTC) is moving ahead with its Phase IV newbuild programme, which envisages delivery of up to eight new tankers by 2017-18.

Analysts are beginning to ponder the possibilities of a floating storage play for VLCCs if the present contango - oil futures prices higher than current prices - is maintained.

Economies of scale have led to structural overcapacity in the container industry, while an inelastic demand curve means that falling rates have a limited effect on the overall demand curve.

Bourbon has booked three Heavy Duty Work ROVs (Remote Operated Vehicles) from FMC Technologies Schilling Robotics, to be deployed on Multi-Purpose Support Vessels (MPSV) such as the Bourbon Evolution 800 series.

Container terminal operator PSA International reported a 5.8% increase in volumes worldwide last year.

With the oil price hovering around just $45 per barrel shipowners may be rejoicing but for those in the offshore marine industry things are looking rather less promising.

The London P&I Club has echoed the International Chamber of Shipping's (ICS) warnings over calling at Libyan ports to its members.

The ending of the Italian Mare Nostrum agreement in November has sparked doom-and-gloom speculation that shipping might be left as the sole lifeline for the illegal migrants being desperately crammed into rickety boats and sailed across the...

IMO secretary general Koji Sekimizu launched this year’s World Maritime Day theme, “Maritime education and training” at the World Maritime University (WMU) in Malmo today.