Tanker newbuilding activity in the second quarter of the year is showing signs of slowing down compared to the first quarter, though the market remains ”robust in terms of numbers,” the London-based shipbroker Gibson said in its tanker report. The first quarter of the year saw the highest tanker new
Malta seems to be interested in rekindling trade relations with Iran as talks on potential lifting of sanctions against Iran gain momentum. Namely, officials in Malta Freeport are said to have approached Iranian national shipping line IRISL seeking to convince it to return to Malta, the Times of Mal
Tokyo-headquartered shipping conglomerate Kawasaki Kisen Kaisha (”K” Line) has signed an agreement with Emirates Global Aluminium (EGA) for the transportation of around 5 million tons of bauxite ore annually for an undisclosed period of time. The bauxite ore contract is for the alumina refinery that
USA Bans Cruises-to-Nowhere The US-based cruise operator Carnival Cruise Lines has confirmed that it will no longer offer the so-called cruises-to-nowhere around the US coast as of January 1, 2016…. Read more Carnival Seals Deal for World’s First LNG-Fuelled Cruise Ships Carnival Corporation & plc h
Easydredge Sea Trials (VIDEO) The newly built Easydredge 2700, competitively priced standard trailing suction hopper dredger (TSHD), has passed its sea trials with flying colors. EXCLUSIVE: Jan De Nul Dredgers in Suez The New Suez Canal project is well on schedule, with the opening ceremony set to
Dredging companies are eager to reduce fuel costs to lower their operational costs, while industry regulations on exhaust gas emissions are becoming increasingly strict. In the latest edition of IHC Insight, Erik van der Blom and Leonard den Boer of IHC Holland’s R&D department explain why it’s impo
International maritime union Nautilus has welcomed news that the International Maritime Organisation (IMO) has agreed to provide expert help to boost the implementation of its 2006 guidelines on the fair treatment of seafarers after a maritime accident. The IMO’s legal committee agreed the expert he
China Harbor Engineering Company Ltd. (CHEC) has signed a contract with the King Fahd Causeway Authority for the dredging and reclamation of Artificial Island A of King Fahd Causeway, with a contract value of $78 million and the construction period of 18 months. This project involves reclamation of
Liner schedule reliability improved for the fourth consecutive month in May as the aggregate on-time performance for the three core East-West trades jumped by 4 percentage points to reach a new data-series high of 71.6%, according to Drewry’s Carrier Performance Insight. The latest monthly increase
The National Shipping Company of Saudi Arabia (Bahri) and Saudi Electricity Company (SEC) have signed a Memorandum of Understanding (MoU) for a period of five years, appointing Bahri to transport all the equipment, tools, spare parts and products imported from outside by SEC. The MoU was signed by E
SeafarerHelp, the 24 hour helpline for seafarers run by the International Seafarers’ Welfare and Assistance Network (ISWAN), assisted 19% more sefarers during 2014 when compared to the preceeding year. The helpline reported a 53% increase in the number of calls, dealt with 1,920 new cases and helped
Robert McCall (coastal morphology expert), Pieter van Geer (coastal engineering expert) of Deltares, Gerd Masselink and Timothy Poate of the University of Plymouth will be awarded the Halcrow Prize for their scientific publication about the XBEACH gravel model. The new numerical XBEACH gravel model
Wood Group has been awarded an offshore maintain potential programme contract by Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf. The six-year contract, which includes options for two three-year
The UAE-based port operator Abu Dhabi Ports has signed a Memorandum of Understanding (MoU) with Abu Dhabi’s Industrial Development Bureau of the Department of Economic Development (IDB) to establish a joint-programme that will help attract investment and further develop and enhance the fast-evolving
