A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD 3.1 billion spent in the same month last year, representing a drop of 48% in the total value of second-hand sales concluded in the period, according to data provided by VesselsValue. Bulker and tanker sales wer
Located on the coast, in the northern part of the municipality of Al Daayen, is the site for the newest symbol of Qatari progress – Lusail City. Lusail City will include man-made islands and a host arena for the 2022 FIFA World Cup. As part of the construction, a local dredging project is taking pla
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil industry, has won a new contract and a contract extension for two of its vessels. The new contract is for one of GMS’ mid-size class vessels. It is scheduled to start immediately,
Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. was the most reliable carrier during the second quarter of 2016, followed by Japanese counterpart Mitsui O.S.K. Lines (MOL) and German-based Hamburg Süd Group, according to the Global Liner Performance Report by SeaIntel Maritime
US-based Excelerate Energy L.P. is fast approaching its 1000th commercial Ship-to-Ship (STS) transfer of liquefied natural gas (LNG), which is set to be completed in late August. The operation will take place at one of the company’s floating storage and regasification unit (FSRU) projects in Dubai,
Greek shipping company Samos Steamship Co. has extended its cooperation with Qatar’s shipyard Nakilat-Keppel Offshore Marine (N-KOM) as the parties entered into a fleet agreement. Under the fleet agreement, N-KOM will be the preferred shipyard in the Middle East for repairs of all vessels owned by t
Lamprell, a UAE-based provider of fabrication, engineering and contracting services to the oil & gas industry, has appointed Christopher McDonald as its new Chief Executive Officer (CEO) and director. Lamprell said on Wednesday that McDonald will be succeeding Jim Moffat who will be retiring from th
Israel-based wave energy developer WERPO has agreed to sell its building, patent, and intellectual property (IP) rights to Shahar Energy in exchange for a share in profits from the yet to be constructed projects.
Global Shippers’ Forum (GSF) has developed a plan to end container shipping surcharges within five years, GSF said during its Annual Meeting in Colombo, Sri Lanka. GSF is looking to end “the imposition of surcharges on shippers by 2020” through a series of actions “that will expose the scale and inj
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to a report released by global shipping consultancy Drewry. Global and international conta
Growing overcapacity is causing an increase in the idle containership fleet across all ship sizes and apparently in all seasons and, according to shipping consultancy Drewry, it is likely that some of the newly idled ships will be sold for demolition, particularly the older Panamax vessels. Increase
USD 43.8 Bn Fleet Awaiting Delivery in 2016 During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end… Read More Alphaliner: Weak Earnings Lea
In the light of the recently announced tidal energy project in Japan, as well as other major tidal energy projects set for delivery this year in France and Canada, Tidal Energy Today spoke with Mr. Brendan Corr, CCO of the company at the forefront of tidal energy industry – OpenHydro.
The Gulf of Guinea witnessed a continuation of the high levels of piracy seen in the first quarter of the year as 14 attacks occurred off the Niger Delta in April alone, resulting in the kidnapping of 10 crew from three vessels, according to data released by UK’s maritime intelligence and operations
