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In a Tight Market, Flag States Offer Added Value

By The Maritime Executive

August 10, 2016

All sectors of shipping, from liquid to dry bulk to container lines, face low rates and slim margins in today's market, and flag states are responding by offering services and price structures intende...

India, Russia and Iran Consider Intermodal Route

By The Maritime Executive

August 10, 2016

Iran, Russia and India have revived long-stalled discussions on a multimodal North-South Transportation Corridor linking Mumbai to the port of Bandar Abbas to Moscow. The 4,000 mile intermodal route w...

Israel Set to Auction Offshore Gas Blocks

August 10, 2016

Israel is preparing to tender 24 offshore exploration blocks as it looks to bolster its oil and gas industry after a four-year lull sparked by regulatory uncertainty and stock-price volatility. The...

Grounded Drilling Rig's Fuel Tanks Breached

By The Maritime Executive

August 10, 2016

Just one day after the UK Maritime and Coastguard Agency suggested a "low" risk of a leak from the grounded drilling rig Transocean Winner, authorities on scene confirmed that two of the semisub’s fue...

China Launches Maritime Surveillance Satellite

By The Maritime Executive

August 10, 2016

Over the past year, China has deployed surveillance equipment on oil rigs, island developments and ships to keep an eye on its maritime domain. On Wednesday, it added to this portfolio by launching th...

After Ban, More Destinations for U.S. Oil

By The Maritime Executive

August 10, 2016

The U.S. Energy Information Agency said Wednesday that since Congress lifted the ban on most crude exports last December, the variety of oil cargo destinations has increased even more than the volume....

South Korean Government Says No Bailout for Hanjin

By The Maritime Executive

August 10, 2016

Amidst a deepening accounting scandal at Daewoo Shipbuilding & Marine Engineering, South Korea's government has been criticized by opposition lawmakers and the press for providing billions in support...

Duterte: Philippine Army Must "Destroy" Kidnappers

By The Maritime Executive

August 10, 2016

In an address on Wednesday, Philippine president Rodrigro Duterte called on the nation's military to obliterate the Abu Sayyaf Group, which has kidnapped crewmembers from half a dozen tugboats in the...

Humpback Whales Display Altruistic Behavior

By The Maritime Executive

August 10, 2016

A team of researchers from NOAA have published an analysis indicating that humpback whales are intentionally helping other creatures to escape attacks by orcas (killer whales). The research began w...

Hapag-Lloyd Posts First Half Operating Loss

By The Maritime Executive

August 10, 2016

German container shipping group Hapag-Lloyd said it dropped to a first-half operating loss as disappointing freight rates hurt its business. The loss before interest and tax (EBIT) came to 39.7 mil...

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