| News in Shipping |
Jan. 12, 2016
402 Points: BDI Hits Sixth Record Low in a Row
The Baltic Dry Index hit a sixth record low in six consecutive days with a drop to 402 points in trading Tuesday.
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Jan. 12, 2016
E.U. Funds IMO Energy Efficiency Project
An IMO project to establish a global network of Maritime Technology Cooperation Centers in developing countries is to go ahead thanks to a €10 million ($11 million) funding contribution from the European Commission.
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Jan. 11, 2016
New Naval Shipyard for India
Reliance Defence has signed an accord with a provincial Indian government to set up a naval facility along the country's eastern coast with an initial investment of 50 billion rupees ($748 million), the company said on Sunday.
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Jan. 7, 2016
Container Lines Approach Iranian Market with Caution
The world's second biggest container shipping line, MSC, has become the latest firm to resume direct services to Iran, although trade remains cautious as Western sanctions are still in place and regional tensions escalate.
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Jan. 7, 2016
Record High for Idle Container Ships
The global idle containership fleet hit a record high in 2015 reaching nearly six times that of the start of that year.
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Jan. 3, 2016
One Dead, One Injured in English Channel Storm
One man has died and another was seriously injured as a result of storms in the North Sea and English Channel.
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Dec. 30, 2015
Two Bulkers Rerouted to Bermuda After Similar Injuries Aboard
Local media in Bermuda reported that the bulk carriers Gdynia and Hector were both diverted to Bermuda to transfer injured crewmembers to shore for medical assistance.
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Dec. 30, 2015
Panama Canal: Plug Blasting Underway
The Panama Canal is now 96 percent complete with the removal of the northern plug separating the new Pacific Access Channel from the Culebra Cut.
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Dec. 28, 2015
Survival of the Fittest for Bulker Firms in 2016
Shipping companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire.
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Dec. 25, 2015
IMO's GloMEEP Project Underway
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP) Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia.
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