Demand Boosts Container Market Outlook -MSI
The latest Container Shipping Forecaster from MSI suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers. Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner, MSI makes a more optimistic forecast on the demand side – indeed its trade growth estimates for 2016 are more than double those of the others.
Response to Barge Breakaway on the Mississippi Ongoing
The U.S. Coast Guard siad it is continuing its response to an allision resulting in a barge breakaway on the Mississippi River near Thebes, Ill., Wednesday. An Incident…
Jotun’s HPS Delivers Fuel, Emission Savings
Jotun has analyzed the first ever five year dry-docking of a vessel treated with its Hull Performance Solutions (HPS) system. The data revealed that Gearbulk’s Penguin Arrow, coated with Jotun’s SeaQuantum X200 in September 2010, recorded a staggering estimated fuel saving and CO2 emission reduction of $1.5 million and 12,055 metric tons respectively, across the 60-month period. Jotun’s proprietary HPS offer combines the application of an advanced antifouling coating…
Hundreds of Migrants Arrive in Italy from Egypt
Italy's coast guard said on Thursday it had rescued more than 300 migrants from a packed boat in which they had travelled hundreds of kilometres (miles) from Egypt to the Strait of Sicily.
OSC’s New Feeder Service Links Oman to UAE
Oman Shipping Company (OSC) is launching a new freight service linking all Omani ports to the United Arab Emirates by mid-April, 2016, in a move that aims to boost trade links. OSC’s new fortnightly Oman Express Service will be the first freight feeder operator to connect all Omani ports. It will be run by OSC subsidiary Oman Container Lines (OCL). OSC chief executive Tarik Mohamed Al Junaidi said…
China Teapot Refiners Create Qingdao Tanker Jam
Tankers at Qingdao port face up to 30-day wait. At least 15 large tankers wait to offload -shiptracking data. A surge in oil buying by China's newest crude importers…
Asia Dry Bulk-Capesize Rates Likely to Stay High
Flurry of cargo fixtures push Australia, Brazil rates to highest since December. Freight rates for large capesize dry cargo ships on key Asian routes are likely…
Vietnam to China: Shift Rig, Abandon Drilling Plans
Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering…
Cegal Launches Blueback ODiSI
Cegal today announced the release of Blueback ODiSI - an innovative One Dimensional Stochastic Inversion method. Blueback ODiSI produces high-quality images of reservoir…
Development on BWM highlights - IMO's R&D Forum
Ballast water management experts, meeting at the recent IMO-GloBallast R&D Forum in Canada, have showcased the latest developments in ballast water management and…
The Switch's PM Shaft Generator for LNG Vessel
The Switch, a specialist of megawatt-class permanent magnet (PM) machines for advanced marine drive trains, has been selected to deliver its PM shaft generator for an LNG carrier with a 45…
Saving with Jotun’s Hull Performance Solutions Guaranteed
Jotun has analysed the first ever five year dry-docking of a vessel treated with its Hull Performance Solutions (HPS) system. The data revealed that Gearbulk’s Penguin Arrow…
New DNV GL’s Nauticus Hull & Sesam GeniE offers Versatility
The introduction of the IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT) makes support from advanced rule calculation tools more important than ever.
BOEM's Public Meetings Rescheduled
The Bureau of Ocean Energy Management (BOEM) is holding meetings to seek public input on the Draft Programmatic Environmental Impact Statement that analyzes potential…
NPA Enforces Minimum Safety Standards At Ports
The Managing Director of Nigerian Ports Authority (NPA) Mallam Habib Abdullahi has called on all stakeholders in the Maritime Industry especially Truck Owners using…
Port of Antwerp Appoints New Brazilian Representative
Henrique Machado Rabelo, who has for some time already been responsible for commercial and institutional contacts and will now be focusing on the latter, was recently joined by Ricardo Sproesser…
Southampton Port to Take off with New Boss
As announced in November, Nick Ridehalgh, Associated British Ports (ABP) Director Southampton, is stepping down from his role and from ABP, with his last day Friday, 8 April.
Crimea to be the Hub of Russian Shipbuilding
Russia is considering a massive shipbuilding program, utilizing the facilities of Crimean enterprises and plants, reports Pravda. Russian Deputy Prime Minister Dmitry…
Norwegian Joy Keel Laid
Norwegian Cruise Line has celebrated the start of construction of its new Chinese ship, Norwegian Joy. A keel-laying ceremony was held at the Meyer Werft shipyard…
Qatargas in 4-Year Deal to Supply LNG to Kuwait
Qatargas and Kuwait Petroleum Corporation (KPC) have signed a deal to supply half a million tonnes of liquefied natural gas (LNG) to Kuwait over the next four years, according to a report.
