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Ocean Transportation: Page 177

Bankruptcy Looms as Bulk Carriers' Earnings Take Hit

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slid to an all-time low on Monday as sluggish cargo demand - especially from China - battered sentiment.

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China Plans to Build Hong Kong 2.0

China is planning to build a second Hong Kong city in Nansha, a district in southern China's Guangdong province.

Cap on Sulfur in Ocean Shipping Fuel May Be Instituted Five Years Ahead of 2025 Deadline

The International Chamber of Shipping says that the shipping and bunker refining industries should recognize that the global 0.5-percent sulfur-in-fuel cap, currently set to go into effect in 2025, may be implemented worldwide by 2020.

Oil Tanker Shipping 'Bonanza' Threatened by Increased Vessel Orders, Report Says

A steep rise in vessel orders risks bringing the recent bonanza in oil tanker shipping to an abrupt end, according to the latest edition of the Tanker Forecaster, published by shipping consultancy Drewry.

Growth Rates of Past 30 Years Said Not Likely to Continue at European Container Ports

European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says.

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Grimaldi Group Launches Direct Service Between Rome, North America

The Grimaldi Group is launching a new direct maritime service between Civitavecchia, 50 kilometers north of Rome, and the North American ports of Baltimore, Md., and Halifax, Nova Scotia.

Manufacturers, Importers Losing Millions Due to West Coast Port Labor Problems

Roughly seven months into the Los Angeles and Long Beach ports slowdown with, unfortunately, no end in sight, and manufacturers in just about every industry, from electronics to home goods, are feeling the pain.

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Limited Number of Supertankers Affects Oil Sales to Asia

The window to sell Western fuel oil to Asia is starting to close as demand for a limited fleet of supertankers to store cheap crude pushes freight rates to multi-month highs, shipping and trade sources said.

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Crowley Increases Service on U.S.-Puerto Rico Route

The liner services group of Crowley Maritime Corp. is adding a flat-deck container barge, with capacity for 400 forty-foot equivalent units (FEUs), to its South Atlantic Puerto Rico service.

Manufacturing Capacity Is Leaving China. But Where's It Going?

We've heard it before: manufacturing is leaving China and coming back to the West. But the reality isn't that simple.

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Ocean Piracy Down Overall Around the World, But Continues to Rise in Southeast Asia

Attacks against small tankers off South East Asia's coasts caused a rise in global ship hijackings, up to 21 in 2014 from 12 in 2013, despite piracy at sea falling to its lowest level in eight years, the International Chamber of Commerce International Maritime Bureau (IMB) has revealed. Pirates took 442 crew members hostage, compared with 304 in 2013.

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Dependability Questioned as Container Vessels Continue Trend to Arrive Late

Containership reliability declined for the second month in a row in December, according to Drewry's enhanced Carrier Performance Insight.

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