Another merchant vessel was attacked by pirates and fired at off the coast of Yemen while it was transiting the Bab-el-Mandeb Strait, Al Arabiya cited Brigadier General Ahmad Hassan Asiri. Namely, the pirates reportedly fired a rocket-propelled grenade (RPG) at the 1997-built oil tanker Melati Satu,
While tanker demand dictates trade volumes and tanker routes, the volatility of fleet growth on the supply side may have a pronounced impact on freight rates, according to the latest report from McQuilling Services. Ton-mile data for crude/dirty petroleum product tankers (DPP) and clean petroleum pr
Polarcus, an offshore geophysical company, went from black to red during the third quarter 2016 compared to a year earlier performance. The geophysical company’s net loss for the quarter was $17.4 million, versus a $19.8 million profit in the corresponding quarter in 2015. Further, Polarcus’ revenue
Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of 2015, as shipowners struggle to counter the imbalance between supply and demand in the market, according to international shipping association BIMCO. A total of 36.2 million dwt was demol
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has placed an order for six chemical tankers at China’s Wuchang Group as part of the company’s strategic long-term partnership with the shipbuilder. GulfNav said that the move aims to meet the increasing demand for transferring chem
The pace of world fleet growth has slowed down with the fleet expanding by 3.1% over the last 12 months, representing the lowest level of monthly year-on-year growth reported since the early 2000s, according to Clarksons Research. More limited contracting and lower delivery volumes combined with fir
The Netherlands is going to intensify collaboration with Iran in the fields of water management, port development and maritime logistics. The agreements regarding collaboration at government level will open the door to Dutch companies aiming to bring in orders from Iranian clients relating to water
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) said that it plans to enter into shipbuilding contracts on October 25 through its subsidiary GNH Maritime Ship Management & Operations LLC. Namely, the company informed that the contracts will be signed with China Shipbuilding & Off
Dubai-based port and terminal operator DP World Limited handled 47.5 million TEUs across its global portfolio of container terminals during the first nine months of 2016, representing an increase of 2.2% on a reported basis from 46,477 TEUs handled in the same period in 2015. The operator said that
Tomorrow will see the kick-off of Offshore Energy where companies from the oil & gas and renewable industries will meet for networking, knowledge sharing and business. The past days the organization worked hard to get everything ready. Here is a little time-lapse to see the progress made: Today saw
In today’s spotted we bring you an image of MV Rickmers Dalian, a general cargo vessel which made a stop-over earlier this month at the anchorage off Lavrion, Greece, to load a mega yacht destined for Dubai, UAE. Owned by German liner service specialist Rickmers-Linie, the 30,000 dwt Rickmers Dalian
The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016. The OCEAN Alliance is comprised of French shipping company CMA CGM, China’s COSCO Shipping, Hong Kong-based Orient Overseas Container Line (O
Support services company DHSS has signed a vessel agency and warehousing contract with Polarcus, a Dubai-based seismic services provider. DHSS, based in the Port of Den Helder, is a logistics provider in all Dutch ports both for the oil and gas industry as well as the renewables sector. The company
Maersk Admits to Duplicity in Vessel Recycling Danish shipping giant Maersk Line has admitted that its own contracts from divestments “have not always guaranteed the intention” of the company’s recycling policy… Read More Captain of Death Ship Should Be Charged, ITF Says The International Transport
