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IRS Opens Office in Abu Dhabi
Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office location for IRClass in the Middle East…
The FPSO Cost Discussion
At first, the oil-price and project-cancellation forecasts had hushed the audience at FPSO Europe Congress 2015. Speaker No. 1 had delegates looking at each other for signs of fear. Then, rival contractors — veterans of many a bitter tender — piled on the logic of their own methods for cost-cutting in floating production storage and offloading projects. Rather than stamp out competing arguments, a relentless costs discussion had another, unexpected effect.
Interview: Germán Carlos Suárez Calvo, CEO of Astican & Astander Shipyards
How did you find a career in the maritime industry? As a consequence of my father´s dedication to the industry, as founder of a shipping agency in the early eighties as well as partner in a large shipping company and shipyard´s ownership, I grew up in this atmosphere and orientated my academic training towards being able to continuing what he and his business partners created and developed. Although I did start my professional career dealing with other type of businesses within my family…
NNPC Ends Offshore Processing Agreements
Nigeria's state oil company has cancelled its contract for the delivery of crude to the country's refineries in Warri, Port Harcourt and Kaduna, it said on Wednesday.
Sri Lankan Shipping Firm to Launch Vizag, Yangon Service
Sri Lanka based shipping company- Herbilan Shipping Pvt Ltd is all set to launch Colombo-Vizag-Yangon (Myanmar)-Colombo service from September 1, reports the Hindu.
Exercise Cutlass Express 2016 Nations Meet in Tanzania
Maritime professionals from South and East Africa, Europe, Indian Ocean nations and the U.S. met for the Cutlass Express 2016 Main Planning Event (MPE) in Dar Es Salaam, Tanzania Aug. 4 – 7.
Market Weighs on Asia Dry Bulk-Capesize Rates
Tonnage list grows in Pacific, Atlantic oceans; lack of coal cargoes weigh on freight rates. Freight rates for capesize bulk carriers are set to slide further next week…
Syrian Refugee Arrives on Greek Mainland
Syrians want to get to northern Europe. A car ferry carrying just over 2,400 Syrian refugees arrived on the Greek mainland on Thursday as a wave of migrants fleeing…
Mombasa Port Shows Growth, Increased Efficiency
Shipping activity at Kenya's port of Mombasa, East Africa's biggest, rose by 11 percent in the first half of 2015 as vessel wait times fell, the national port authority said on Wednesday.
Refugee Ship Headed for Greek Mainland
Authorities struggling to cope with arrivals; 21,000 people landed on Greek shores last week. A passenger ship that is housing Syrian refugees set sail from the Greek island of Kos on Wednesday…
ISS Bags Tanzania's Paragon project
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands…
Inmarsat's 3rd GX Satellite Launch Confirmed
Inmarsat, the leading provider of global mobile satellite communications services, today confirmed that the third satellite in the transformational Global Xpress…
Jebel Ali Port Become Distribution Hub for Dow Chemical
Marine terminal operator DP World, UAE Region, has reached an agreement with an affiliate of The Dow Chemical Company based in Jebel Ali to support the distribution of Dow‘s products. The contract was signed recently by Mohammed Al Muallem, Senior Vice President and Managing Director of DP World, UAE Region, and Moosa Al-Moosa, President of Dow UAE in Jebel Ali in the presence of senior officials from both organizations.
Inmarsat Schedules Global Xpress Satellite Launch
Inmarsat, a provider of global mobile satellite communications services, has confirmed that the third satellite in the transformational Global Xpress (GX) program – Inmarsat-5 F3 (I-5 F3) – has been scheduled for launch at the Baikonur Cosmodrome in Kazakhstan at 12.44pm (BST) on Friday, August 28. The third Global Xpress satellite to be launched, I-5 F3, will cover the Pacific Ocean Region and will…
Further Turmoil for Dry Bulk Shipping
China’s demand for coal continues to diminish, so much so that India is expected to surpass China as the world’s largest coal importer later this year. According to international shipping association BIMCO, China’s consumption of coal accounts for just over 50 percent of global consumption, however only around 5 percent of it stems from imports, making the bulk shipping market very vulnerable to changes in demand.
Asia Tankers-VLCC Rates Dropping
Low bunker prices buoy owners' spot charter earnings. Freight rates for very large crude carriers (VLCCs), which have fallen to their lowest level in 10 months,…
Otto Marine 2Q Losses Lower
• Marked improvement in performance as losses after tax for 2Q2015 reduced to US$2.5 million from US$13.3 million in 1Q2015. Otto Marine Limited, a leading offshore…
W. Africa Crude: Tenders Brighten Dull Market
Tender deals helped to liven up a lacklustre West African crude oil market on Thursday, though overall demand remained weak. Indian Oil Corporation bought four cargoes of West African oil…
US Grain Shipments via St. Lawrence Seaway Up 63%
American grain shipments through the St. Lawrence Seaway are up 63 percent so far this season as ships transport corn to Canada and soybeans for international export, reports the Chamber of Marine Commerce. According to figures from the St. Lawrence Seaway, U.S. grain totaled 765,000 metric tons for the period from April 2 through July 31. U.S. Great Lakes ports that receive and export grain through the waterway include Duluth-Superior…
CMA CGM Upgrades Europe-Africa Service
Worldwide shipping firm the CMA CGM Group announced plans to upgrade its services joining Europe to Africa, altering its EURAF 1, EURAF 2 and EURAF 4 services with…
Maritime Piracy in the Horn of Africa:
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
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
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
