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Chemical Tankers Market to Grow at a CAGR of 4.5% by 2022
The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022, said a research report.
Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider…
DP World Says Committed to Port Project in Somaliland
DP World, one of the world's largest port operators, said on Thursday it is committed to the port project in Somaliland despite Somalia's move to ban the ports operator from operating in Somalia. Djibouti's decision to end a contract with DP World to run its Doraleh Container Terminal will make it difficult for Africa to attract investment, DP World's chairman Sultan bin Sulayem told a news conference after reporting full-year earnings.
Torvald Klaveness Extends Shipping Deal with Arcelor Mittal
Norwegian shipping company Torvald Klaveness has extended its shipping agreement with Luxembourg-based steel and mining firm Arcelor Mittal. "We are pleased that Arcelor Mittal…
Latin America Maritime Technology Cooperation Centre Lanched
The Latin America Maritime Technology Cooperation Centre, part of a global network established under an ambitious International Maritime Organization (IMO)-European…
Djibouti Says Its Container Port to Remain in State Hands
Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti, a tiny state on the Red Sea whose location is of strategic value to countries such as the United States, China, Japan and former colonial power France, all of whom have military bases there.
DNV GL Opens LNG Test Center
DNV GL opens LNG test center. The facility, at the organization’s existing renewable energy technology and gas laboratory site is the first type of facility with…
UKHO releases new edition of ADMIRALTY Ocean Passages
The UK Hydrographic Office (UKHO) has published a new edition of ADMIRALTY Ocean Passages for the World (NP136). First published in 1895, this publication is designed…
Somalia Bans DP World, Says Contract with Somaliland Null
Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's federal government could enforce the ban given Somaliland's semi-autonomous status. But parliament's unanimous passing of the resolution banning DP World from…
BP Selects McDermott, BHGE for Subsea Contracts
McDermott International and Baker Hughes (BHGE), a GE company announced the selection of front-end engineering design (FEED) studies in advance of a substantial engineering…
Start of Golar's FLNG in Cameroon May Draw More Africa Clients
Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology…
Remains of Three Crew Found on Maersk Honam
Maersk said the remains of three of four missing crew members have been found aboard the Maersk Honam after a fire broke out in one of the vessel’s cargo holds last week. The search for the fourth crew member continues on board, though the search at sea has been suspended. “Given the time passed and the severe fire damages of the vessel we must conclude by now that we have lost all four colleagues who have been missing since the fire onboard Maersk Honam which began on March 6.
MH370 Report to Be Released after Latest Search Ends
The full investigation report into the disappearance of Malaysia Airlines flight MH370 will be released after the latest search efforts are completed, officials said on Thursday, four years after the aircraft first went missing. Flight MH370, carrying 239 people onboard, became one of the world's greatest aviation mysteries when it disappeared on its way from Kuala Lumpur to Beijing on March 8, 2014. Malaysia agreed in January to pay U.S.
Douala Cameroon, Antwerp Join Hands
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years. The collaboration agreement was signed on Wednesday…
One Dead after Maersk Line Vessel Catches Fire
A crew member died and four others went missing after fire broke out on a new Maersk Line container vessel in the Arabian Sea, the company said. The vessel caught fire at around 1520 GMT on Tuesday, about 900 nautical miles southeast of Salalah, Oman, the world's biggest container shipping company said in a statement. Twenty-three crew members were rescued but one of them, a Thai national, died on Wednesday, added Maersk. "His health condition drastically deteriorated ...
Maersk Ship Ablaze in Arabian Sea, 4 Crew Missing
Maersk has reported an active fire in a cargo hold on its liner vessel Maersk Honam en route from Singapore toward Suez around 900 nautical miles southeast of Salalah, Oman.
Transinsular Announces Cape Verde, Inter-Islands Trade Routes
Transinsular announced the 'Lince Class', the fastest maritime connection with Cape Verde from Portugal (Leixões / Lisbon) and the Canary Islands (Las Palmas). And therefore, the most competitive solution for exporting products from Portugal, Spain, Northern Europe and the Mediterranean. At the same time, and as a complement to the 'Lince Class', the ETE Group will offer inter-island ‘ATOBÁ’ cabotage services…
U.S. Crude Exports to Asia Slump as WTI Outperforms
Exports of U.S. crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades…
CMA CGM Revises Swahili Express Service
CMA CGM informs that its Swahili Express service operated between India/Middle East and East Africa changes. The new service rotation works out to shorter voyage…
Total acquires Marathon Oil Libya
Total has acquired Marathon Oil Libya Limited which holds a 16.33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and…
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
