Greek shipping company Neptune Lines has decided to launch a short sea vehicle transportation service in the Middle East region, which would link six Arabian Gulf states, according to Automotive Supply Chain. The service is expected to connect United Arab Emirates, Iran, Iraq, Saudi Arabia, Kuwait,
The 2016 third-quarter peak season will not bring much respite to carriers as the period is not expected to see much of a volume uplift in the container shipping industry, a recent study conducted by shipping consultancy Drewry shows. Nearly half of the 51 shippers who responded to the survey said t
Dredging Today brings you an overview of the most popular stories from the past week (June 13-19, 2016). CCCC Shanghai Dredging Wins Qiupu River Contract CCCC Shanghai Dredging, a subsidiary of China Communications Construction Company Ltd, has won a contract for the survey and design of the Qiupu
As the price war between container shipping companies persists, contract rates in the major East-West trade routes are expected to see at least a 30 percent decrease for new contracts starting from the second quarter, shipping consultancy Drewry said. “The price war between carriers in the container
Tokyo-based classification society ClassNK has resumed operations in Iran with the reopening of its Tehran office and agreements with the Iranian Classification Society (ICS) and Ports and Maritime Organization (PMO), Ministry of Roads & Urban Development in Iran. ClassNK originally opened its Tehra
The World Organization of Dredging Associations (WODA) has issued an official “Statement on Mitigating and Adapting to Climate Change” at the opening session of the World Dredging Conference (WODCON) XXI in Miami, Florida. As Ram Mohan, President of the Western Dredging Association and host of this
The UK-based Braemar Shipping Services has terminated its involvement in the joint venture ACM ICON Shipping DMCC as it is “no longer part of the group’s overall strategy”. Braemar’s 50 percent share will be acquired by the joint venture partner, Icon Chartering, the company said. The group merged w
Central Dredging Association (CEDA) is setting up a new Commission for Dredging Management and has already issued an invitation to members interested in joining it. The Dredging Management Commission (DMC) is being established to fulfill a need for discussion, innovation and questions on the managem
Although container shipping spot rates should be more stable through the rest of the year, presuming carriers have ended their rate war, the average rates in 2016 are expected to be lower than last year, according to shipping consultancy Drewry. In recent weeks there have been some large increases i
Wind turbine makers are set to benefit from the Paris Climate Agreement (COP21) as the call for increased investments to meet a targeted reduction in CO2 emissions is expected to positively impact their sales figures, according to Moody’s Investors Service. The increased investment, particularly in
The International Association of Dredging Contractors (IADC) has just published a new ‘Facts About’ publication on underwater drilling and blasting. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging and maritime co
Interview: Most Ship Owners Still Opt for Worst Yards As 2016 could be the busiest year on record in ship recycling, World Maritime News spoke to NGO Shipbreaking Platform’s Executive Director, Patrizia Heidegger, to find out more about the major issues behind South Asian beaching… Read More Report:
SAFEEN, the subsidiary of Abu Dhabi Ports formerly known as Abu Dhabi Marine Services, has taken delivery of a Damen Shoalbuster 2609 named MAQTAA to join its existing fleet. Like all the vessels in Damen’s shoalbuster range she is a multi-purpose, shallow draught workboat capable of undertaking a w
Price, risk management and loss of trust were identified as the main reasons why businesses end agreements with container ship carriers in a market currently riven by instability, the market intelligence platform for containerized ocean freight Xeneta said. “One might expect bad service to be the ma
