Drewry: Reefer Trade Growth to Push Freight Rates Up

Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development, global shipping consultancy Drewry said. Containerised reefer traffic expanded by 8% in 2017, outpacing the growth in overall seaborne reefer trade. The growth was mainly driven by the continued shift of cargo from […]

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MSI: Container Charter Earnings Level Off in July

After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets in the container shipping sector, the research and consultancy firm Maritime Strategies International (MSI) said. Following an impressive run since the end of 2017, time charter earnings have levelled off in recent weeks, a slowdown that […]

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Drunken Master Suspected of Gross Negligence after Freighter Grounds off Sweden

A freighter got grounded on a sandbank off the Swedish coast, just two days after the salvage operation of the stricken car carrier Makassar Highway was completed. The general cargo vessel has been identified as 2012-built BBC Lagos, registered in Antigua Barbuda. The ship ran hard aground south of Helsinborg harbor, Sweden, on August 3. […]

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Petro-Piracy Returns to Gulf of Guinea

Nigerian pirates have taken 35 seafarers from vessels in the Gulf of Guinea from January through June 2018, according to a report from security services company EOS Risk Group. The number of sailors removed from vessels and held for ransom was the same as witnessed during the first half of 2017. However, petro-piracy, which had […]

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Drewry: Container Port Utilisation Levels Set to Rise

The medium-term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, global shipping consultancy Drewry said. “Against […]

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AMSA: Cargo Must be Stowed According to Approved Arrangements

The Australian Maritime Safety Authority issued a marine notice, reminding vessel owners, operators and masters of the importance of stowing cargo in accordance with approved arrangements.   All cargo, whether carried on or under deck, should be stowed and secured in accordance with the vessel’s Cargo Securing Manual as approved under Regulation 5.6 of Chapter […]

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15 Arrested in Takoradi After Stowaway Attempt

Six Ghanaians suspected of attempting to stowaway on board a ship at the Takoradi Port bound for Europe, have been arrested together with nine persons who assisted their botched escape. Security personnel also arrested nine persons believed to have collaborated in the stowaway attempt. They were arrested on July 18, 2018, by a combined team […]

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