Japan’s Doun Kisen orders ultramax bulkers at Nantong Xiangyu
The newbuilding price for ultramax bulk carriers has reached a new low level in the past 12 months
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January 2023
UK Ship Pilot Dies in Transfer Accident
A U.K. ship pilot has died as result of an accident during a transfer from a pilot launch to a large oceangoing vessel on the east coast of Northern England.The accident occurred on January 8, 2023 in the Humber Estuary, the UK Maritime Pilots’ Associa…
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LNG Tankers Most Popular Among Newbuilding Orders
The popularity of LNG tankers among newbuilding orders is rather evident over the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “December closed and the new year began with activity similar to that of the previous…
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Chinese New Year fails to bring joy for carriers, as blank sailings soar
In a stark display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blanked more than six times the number of sailings on the main Asia to US West Coast corridor leading up to Chinese…
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Fraud is the biggest threat to cargo losses
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within the complexities of the global supply chain. These have many manifestations; from payment fraud that invo…
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