18,601 TEUs Loaded Aboard MV Al Muraykh
United Arab Shipping Company (UASC) announced a record breaking load of 18,601 TEUs on board M.V. Al Muraykh, one of the world’s greenest vessels currently operated by UASC. The ultra-large container vessel departed Port Klang in Malaysia bound for Felixstowe - UK as part of AEC1 service carrying 18,601 TEUs. The vessel will be sailing for two weeks. This unprecedented westbound shipment is also UASC’s highest utilization to date of this very eco-efficient class…
Shell, Gunvor to Supply 120 LNG Cargoes to Pakistan
Oil major Shell and trading house Gunvor will supply Pakistan with 120 liquefied natural gas (LNG) cargoes between 2016 and 2020 after both companies submitted the…
IRClass Backs India’s Efforts to Cut Emissions
The Indian Register of Shipping (IRClass), a ship classification society, has issued a ringing endorsement of the COP21 agreement at the United Nations Climate Conference in Paris.
Sinochem, Sonangol Ink 10-year Supply Pact
China's state-run Sinochem Group said on Wednesday it had signed a deal with Angolan state-owned producer Sonangol to buy crude oil for more than 10 years. The statement…
Suez Canal November Revenues Plunge
Egypt's Suez Canal revenue fell in November to $408.4 million from $449.2 million in October, data on the Suez Canal Authority's website showed on Wednesday. The…
Statoil Welcomes Paris Agreement
On 12 December the world’s leaders agreed on an ambitious plan to address climate change. Statoil welcomes the agreement and is well positioned to play our part…
Wärtsilä Systems for Vietnamese Tankers
Three new 21,800 dwt chemical tankers, under construction at two different shipyards in Vietnam owned by Triyards Holdings Limited, will feature integrated Wärtsilä…
Sr Management Restructuring at Rolls Royce
Rolls-Royce is today announcing a new senior management structure as the first step in the wide-ranging restructuring announced on 12 November 2015. The move will simplify the organisation…
NOIA Rebuts “Red Herring” Study on Atlantic Development
“The Quest Study estimates the potential for jobs, economic activity and government revenue that could be generated from Atlantic development, assuming reasonable…
BioWAVE Unit Deployed near Port Fairy
Ocean energy company BioPower Systems (BPS) completed the deployment of its 250kW bioWAVE pilot demonstration unit off the coast near Port Fairy, Victoria. The $21…
GAC celebrates 30 years in India
GAC India has celebrated 30 years of operation in the country with an event held at the Trident, Bandra Kurla Complex. GAC Shipping (India) Pvt. Ltd. was the first…
FreeSpeak II Wireless Systems for UK Navy
Ships Electronic Services Ltd (SES Ltd) has supplied Clear-Com FreeSpeak II digital wireless communication systems to the UK Ministry of Defence for three of its naval vessels…
VLCC Earnings Set for Strong Growth
London, December 15, 2015. The latest Tanker Freight Forecaster from Maritime Strategies International predicts further upside volatility in the crude tanker market…
Diana Charters Out Two Bulkers
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary…
Antwerp Port Makes Big Impression in India
A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI)…
Creating History Indian PM Chairs Commanders’ Meet On Board INS Vikramaditya
Indian Prime Minister Narendra Modi presided over a combined commanders' conference on Tuesday (December 16) morning aboard INS Vikramaditya, stationed about 40 nautical miles on the high seas.
Historic Low for Baltic Dry Bulk Freight Index
The Baltic Dry Index fell 4.7 percent to 484 points, the lowest in Baltic Exchange data starting in January 1985. Baltic Dry Index is compiled by the London-based…
Global Marine Port and Service Industry to Grow at a CAGR of 4.7%
According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry.
Ecoslops to Implement Recycling Unit in the Romanian Port of Constanta
Ecoslops has signed a Letter of Intent (LOI) with Grup Servicii Petroliere (GSP), a leading offshore drilling and construction company, to conduct a feasibility…
Adrian Tolson Launches 20|20 Marine Energy
A new consultancy established by well known industry veteran and leading marine energy expert Adrian Tolson, was launched Tuesday. A new consultancy, 20|20 Marine Energy…
