Over 212,000 teu of container ship capacity has been scrapped in the first four months of 2014, leading to predictions that scrapping rates will hit another record this year, according to an Alphaliner report.
Container terminal operator PSA International has been awarded a 30 year concession for the $1.6bn fourth terminal at India's Jawaharlal Nehru port (JN Port).
It is becoming more and more difficult to predict the manner in which shipbreaking markets will behave.
The International Ship Recycling Association (ISRA) and NGO Shipbreaking Platform have called for immediate action to improve safety at shipbreaking beaches following four deaths at a Chittagong yard earlier this month.
India's junk ship market is on fire, with the bulk of demolition sales being concluded from the country. The main reason was optimism in the industry over the strengthening of the rupee, which dipped briefly below the INR60 per US dollar mark for...
Shipmanager Crowley Maritime has joined the board of Accord Ship Management to form Crowley Accord, amounting to a combined fleet of 60 vessels under management.
Advanfort, the private maritime security company at the centre of an Indian detention scandal, has revealed its president resigned in November 2013.
An oversupply of old panamax container vessels has continued to wreak havoc on the Indian junk ship market, and several cash buyers appear to have overpaid on a whole tranche of units.
Mumbai-based Seaworld Shipping and Logistics has signed a joint venture (JV) agreement with Saudi Arabia’s Yusuf Bin Ahmed Kanoo Company, to establish a joint logistics and shipping network.