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Atlantic Hurricane Season Could be More Active
The Atlantic Ocean could be gearing up for an active hurricane season, meaning North American residents may want to pay attention. In recent years, single hurricanes…
Design Concept: Zero Emissions Cargo Ship
The designs for a multi access zero emissions cargo ship will be unveiled at the 5th Natural Propulsion Seminar in Wageningen, Netherlands, on Tuesday, May 24. The Fair Winds Trading Company (FWTC) is currently in the research and design stage for this state-of-the-art zero-emissions, low impact sail cargo ship capable of transporting from remote low infrastructure points of production, i.e. micro ports, estuaries and beaches to points of purchase.
IRISL’s New Service Makes First Call in Hamburg
Iranian state shipping company IRISL’s new general cargo service makes first call at C. During the first call by its new general cargo service, representatives of state shipping company IRISL – Islamic Republic of Iran Shipping Lines – joined staff of the Peter W. Lampke shipping agency and Terminal C. Steinweg in welcoming the Captain and crew of the SEVGI on May 17. The new general cargo service will call monthly at Hamburg as the only port in Germany…
South Africa arrests Chinese ships for illegal squid fishing
South Africa's navy has detained three Chinese ships with around 100 crew on board on suspicion of illegal squid fishing, officials said on Monday. The ships were…
Nigeria: What are the Implications for Tanker Demand?
Nigeria’s crude oil production and exports have been hit by severe outages as a result of attacks on oil infrastructure by rebel fighters in the Niger River Delta.
DP World at China’s Belt & Road Summit
Global trade enabler DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem spoke at China’s Belt and Road Summit in Hong Kong this week highlighting the need…
Asia Tankers-VLCC Rates to Dip Before Fuel Oil Fixtures
Worst over for Aframax market as fuel oil cargoes lift rates. Freight rates for very large crude carriers (VLCCs) could slide further before finding a floor and…
NATO to Boost Effort to Stop Mediterranean Smugglers
NATO agreed on Thursday to broaden its operations in the Mediterranean to help the European Union stop criminals trafficking refugees from North Africa but will…
Is Container Freight Now a Commodity?
In an interview with Patrik Berglund, the Xeneta CEO says that the introduction of the "commodity" status for the container would benefit both shippers and carriers. Q- In today’s world of Amazon, Alibaba and E-commerce, have container rates (meaning 20-40’dry box) reached ’commodity’ status? Not exactly. There is a major difference between ‘cheap’ and being a ‘commodity.’ Clearly the current rates are very low…
Xeneta Proposes Commodity Status in Container Shipping
With ultra-low container rates, multiple operators teetering on the brink of bankruptcy and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. The Oslo-based benchmarking and market intelligence platform for containerized ocean freight is proposing a solution it says would benefit both shippers and carriers – the introduction of ‘commodity’ status.
DP World Yarimca Opened
DP World Yarimca has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip Erdoğan in the presence of senior government officials and executives of DP World.
Hili, Peterson Create Mediterranean JV
Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with leading international energy logistics company Peterson to…
Four Patrol Boats Delivered in Nigeria
Four Damen SPa 1605 ballistic protected security patrol vessels have been delivered to C&I Leasing Plc, a player in the Nigerian offshore support vessel market. The patrol boats, which have already undergone sea-trials, will provide security patrol and escort services for LNG tankers calling in and out of the Nigerian LNG Bonny terminal. The 16-meter craft have aluminum hulls and GRP composite superstructures.
Telenor's Ka-band to Service 200 Terminals
Telenor Satellite has announced that its Ka-band satellite capacity packages for land-based services in the Middle East have surpassed initial expectations, reaching…
Cyberhawk Lands in Portuguese Market
Cyberhawk Innovations continues to bolster its international credentials through a new partnership with Portugal’s leading engineering service provider and contractor…
BMT Awarded LNG Engineering For Côte d’Ivoire
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavor Energy, for the development of the…
Safmarine Moves HQ to SA
International container carrier focused on trade to and from Africa, West and Central Asia, Safmarine will move its head office to Cape Town, South Africa, thereby returning to its roots.
TNPA Invests in Port of Ngqura
Two new landmarks at the Port of Ngqura, which are part of ongoing developments to position the port as a container transhipment hub for Sub-Saharan Africa, were officially launched by Transnet National Ports Authority (TNPA) today. The new landmarks are the port’s state-of-the-art administration building and an administration craft basin for pilot boats and tugboats, including office facilities for operational staff working on these craft.
South Africa's Transnet Steams Into Rest of Africa
South African state rail-freight operator Transnet is embarking on a major expansion drive in the rest of the continent, offsetting a slowdown at home caused by the slump in commodity prices…
Emas Reels in $32m Contract
Singapore-listed offshore firm EMAS Offshore Limited wins $32m of new business has secured new awards and letter of intents for charters amounting to approximately US$32 million, including options.