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EU-bound Jet Fuel Stays at Sea
Tankers anchored off Europe, extend voyage seeking buyers; outlook dim as imports to the region rise. A jet fuel market in Europe saturated by imports from Asia…
Pressure on Earnings in Container Shipping Industry
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry. This was one of the views that…
4,700 Migrants Rescued off Libya Coast
Nearly 4,700 migrants were rescued off the coast of Libya on Saturday as they tried to reach Europe but one woman was found dead, Italy's coastguard said. Tens of thousands of people…
Polarcus Awarded Broadband 3D Project in West Africa
Polarcus Limited has received a letter of intent from an undisclosed client to execute a 3D marine seismic project in West Africa utilizing Polarcus' RightBAND technique…
Maritime Security Threats ‘Far from Eradicated’ -MAST
The need to regulate and police the maritime domain to tackle global threats is as pressing as ever, according to Phil Cable, CEO and cofounder of maritime security company MAST.
Asia Tankers-VLCC Rates Soar on Tighter tonnage
Mideast-Japan VLCC rates climb by $46,000 per day since Aug 26. Freight rates for very large crude carriers (VLCCs), which reached a seven-week high this week, are…
Kenya Raids Suspected Drug Ship
Kenyan police raided a ship docked in the Indian Ocean port of Mombasa on Friday, on suspicion that it carried drugs and firearms, officials said. East Africa has…
APM Terminals Liberia Sees Economic Recovery
Addressing the US - Liberia Trade & Investment Forum in New York City, APM Terminals Liberia Managing Director George Adjei points to a 30% increase in import container…
Polarcus Gets West Africa Contract
Polarcus Limited has announced it has received a letter of intent for a 3D marine seismic project in West Africa. The client was not disclosed by the Dubai-based seismic vessel operator…
Dry bulk shipping, Tankers Fall Down
All stocks under Drewry Maritime Equity Research (DMER)’s dry bulk coverage were down and recorded double-digit negative returns, taking cues from vessel earnings.
Asia Dry Bulk-Capesize Rates to Climb
Shipowners confident rates will climb on tighter tonnage supply; Shipowners seek rates premium for Australian coal cargoes. Freight rates for capesize bulk carriers…
Low Containership Demand: A Manageable Challenge?
Is the lack of demand for containerships a manageable challenge? The low demand on the high volume trade lanes is increasing the pressure on earnings which is already felt in the container shipping industry, says shipping association BIMCO. This was one of the views that BIMCO’s Chief Shipping Analyst, Peter Sand, shared with the participants at the Maritime Cyprus 2015 Conference as he played an active part as a panelist on the session that focused on the future of the shipping market.
Security in the Indian Ocean Fragile -MAST
The security situation in the Indian Ocean could quickly change for the worse, according to maritime security company MAST. Gerry Northwood OBE, COO of MAST, said…
Collaboration Key in MV Smart Wreck Removal
Titan Salvage, now a part of Ardent following completion of the merger of Titan and Svitzer Salvage, has completed the removal of the wreck of the cape-size MV Smart coal carrier in South Africa, an especially challenging project due to weather conditions that prevail on the South African coast, particularly during the winter period. The removal of the vessel, which was entered in North P&I Club by owner Alpha Marine…
Jebel Ali Port Wins 'Best Seaport' Award
Press release - DP World’s flagship Jebel Ali Port has retained its leadership position by winning the Best Seaport – Middle East Award for the 21st year in a row at the Asian Freight, Logistics and Supply Chain Awards (AFLAS) 2015 in Hong Kong. The award was received on behalf of the global marine terminal operator by Rashid Abdulla, Senior Vice President and Managing Director, DP World Asia Pacific Region.
IUMI Sees Challenges Amidst Growth
Global premiums for 2014 amount to USD 32.6bn. Although a 3.2% reduction on the 2013 figure, converting local currencies to a single US dollar figure was impacting on the true result.
BSM: Strong Player in Cyprus Shipping
BSM reports 20% increase in the number of vessels under its management over the last year. The increase seen by BSM comes as no surprise against the backdrop of…
Total-Alliance to Support Refugees
Air Liquide, Michelin, Sodexo and Total are joining forces to assist refugees being resettled in France. The initiative was driven by the solidarity felt by employees…
Kenya's Railway Opening to Traffic in Mid-2017
The tracks for a new, faster railway linking the Indian Ocean port of Mombasa to Kenya's capital will be laid by the end of 2016 and will open for commercial traffic on target in June 2017…
British Maritime Industry Eyes China’s One Belt, One Road Plan
China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency. Both countries expected…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
