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From Fire to Emissions, Ferry Debates Heat Up
Firefighting led a stream of topical debate at trade association Interferry’s 40th annual conference in Copenhagen last week – but not before a record 342 delegates…
Port Operations Can Be Risky Business
The horrific explosions in the Chinese port of Tainjin illustrated vividly just how volatile port operations can be. But safety issues are only one facet of risk in the complex world of shipping ports. From piracy on the high seas to data thievery in port, players all along the shipping value chain need to be on constant alert for the dangers that nature and human actions can present. Political unrest…
Intellian, RigNet JV to provide Communication Solutions for Rigs
Intellian, a global leader in satellite communication antenna systems, has been successfully selected as the hardware partner on RigNet’s recently announced contract…
Spotlight on Links Between Maritime Transport and Sustainability
The 2015 Review of Maritime Transport, published by the United Nations Conference on Trade and Development (UNCTAD), underscored the role of maritime transport in…
CMA CGM Adds Morrocco Links
French container shipping company CMA CGM has upgraded its services in Morocco, offering improved connections for the country’s citrus and vegetable exports to key markets including Russia…
Ulstein Debuts DP Construction Vessel
With the ULSTEIN S182 design, ULSTEIN introduces a new dynamically positioned multipurpose construction vessel suitable for shallow water operations. Main design driver was to develop a very CAPEX friendly DP vessel with good capabilities to support various offshore operations, including cable lay and offshore construction. The vessel offers a combination of deck area, accommodation and station keeping capability for a compact vessel…
Captain, 2 Crew Convicted in Illegal Fishing Case
A Sao Tome and Principe court won a key victory against illegal fishing by organized syndicates on Monday when it convicted the captain of a vessel and two crew members on a number of charges…
Repurposed Containers Fill Gap in South African Retail
A short drive west of Johannesburg on the edge of a fading bohemian high street stands 27 Boxes, a mosaic-colored retail center built entirely of old shipping containers. Opened in August, it consists of 27 iron containers stacked Lego-like into three floors of stores ranging from a green grocer, al fresco coffee houses and a Philadelphia-style grill house, to a toddler-wear boutique and bicycle rental shop.
Re-Drawal of High Risk Area in Indian Ocean
The International bodies have agreed to India’s efforts to push back the High Risk Area (HRA) from 78 degrees East longitude to the 65 degrees East longitude. This…
Hapag-Lloyd Announce Service Improvement
Following market requirements we will employ an additional vessel in our AT2 service and replace the direct Liverpool eastbound call from our AT1 service by a direct…
Ukraine Sees Smaller Maize Exports to China
Ukrainian maize exports to China under a $1.5 billion loan-for-grains deal could be significantly below an expected 2 million tonnes this year, as Beijing appears to want less of the commodity…
N. Asia Snaps up Russian Crude Oil
Mideast crude freight to Japan highest since 2010. North Asian refiners have snapped up Russian crude oil loading in the last two months of this year to meet peak…
Vigilance Still Crucial in Indian Ocean
Organisations representing the global shipping and oil industry have announced that the size of the ‘High Risk Area’ for piracy in the Indian Ocean has been reduced…
Ivory Coast Starts Construction of Abidjan Port Upgrades
Ivory Coast began construction on Tuesday of a four-year, 560 billion CFA franc ($962 million) project to build a second container terminal and widen the canal leading…
Russia Builds 'Arc Of Steel'
Russia is building an “arc of steel” from the Arctic to the Mediterranean Sea said a NATO commander, in the same vein as Winston Churchill’s Iron Curtain metaphor. Navy Adm.
Epic Gas Secured Credit Facility for 7 Newbuilds
Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction. The facility…
Asia Dry Bulk-Capesize Rates Impacted by China Holidays
Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure…
Commodity Slump Sends Exporters' Eurobonds to Multi-year Lows
Prices for Eurobonds from many commodity-exporting emerging markets have fallen sharply this week on fears that the latest metals price reversal will hit the ability to repay debt…
India Takes Nigerian Oil Despite Shipping Concerns
India's HPCL awarded another tender to buy with Nigerian crude oil despite its concerns about shipping from the West African nation. The refiner awarded a tender…
Nigeria's Oil Exports Under Threat
Nigeria's latest effort to combat theft could imperil its oil income lifeline, compounding the damage the crude price fall has done to its finances, access to dollars and imports.