The international rating agency Fitch downgraded the long-term foreign currency Issuer Default Rating of Russian carrier FESCO due to the weak liquidi...

CMA CGM, Cosco, Evergreen and OOCL join forces in Ocean Alliance
CMA CGM, Cosco Container Lines, Evergreen Line and Orient Overseas Container Lines (OOCL) signed a memorandum for establishment of Ocean Alliance. The...

Russia intends to obtain quota for fishing in exclusive economic zone of Iceland
Russia intends to revise the agreement with Iceland and Norway and obtain a quota for fishing in the exclusive economic zone of Iceland. The new updat...

Iranian tankers received permission for passing through Panama Canal
Iranian tankers received permission for passing through Panama Canal after the both countries agreed during a discussion for economic and trade cooper...

Zhejiang Shipping Group’s subsidiaries facing bankruptcy
Zhejiang Shipping Group went into debt crisis, caused by the depreciation of the dry bulk shipping market and record low freight rates. The company an...

Cotunav invest 250 million USD in fleet renovation
The Tunisian shipping company Compagnie Tunisienne de Navigation, which is also known with commercial brand CTN or Cotunav, will launch a fleet renova...

Growth of liquefied gas transportation volumes in 2015
Transportation of liquefied gas remain one of the few segments of the global shipping market, which reported growth in 2015. The volume of maritime tr...

World container traffic increased by 2.3% in 2015
The volume of world container traffic increased by 2.3% to 175.2 million TEU at the end of 2015, according to ship broker Clarksons. The growth rate o...

Hyundai Merchant Marine, FESCO and CMA CGM jointly launched East Asian service
Hyundai Merchant Marine, FESCO and CMA CGM jointly launched a service for the container shipping between China, South Korea and Russia. The loop will ...

ZIM returned on profit in 2015
The shipping operator ZIM returned on profit in 2015 on the background of falling freight rates and revenues. The The Israeli company reported 7 milli...