Teekay Tankers, part of Teekay Group, operates a fleet of over 95 tankers, including aframax, long range (LR), medium range (MR), suezmax and very large crude carrier (VLCC) vessels. In this video, Chrisitian Waldegrave, Head of Research at Teekay, is offering insights into global tanker market for
The dry bulk shipping market has been hit hard by the downturn of the Baltic Dry Index (BDI) that fell to unprecedented lows this year. Vessel oversupply and dwindling demand, especially from the world’s top importer China, have caused numerous headaches for the ship owners across the board, some of
Dredge Yard, a company dedicated to the market of dredge equipment and dredging technology, and Dutch-based Neptune Shipyards, in order to develop innovative products and exploit operational synergies, have just introduced EURO DREDGER 450. This piece of dredging equipment is the first in a series o
Interview: Time for Carriers to Get Ahead of the Curve The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of… Read more Why Containers Get Lost at Sea? Containerization has reformed the ocean transp
The National Shipping Company of Saudi Arabia (Bahri) inked an agreement with Hyundai Samho Heavy Industries (HSHI) on May 21, 2015 to build 5 very large crude carriers (VLCCs) plus 5 more optional VLCCs. Eng. Ibrahim Abdulrahman Al-Omar, Bahri’s Chief Executive Officer said that this agreement is i
Shipping of the Dredger First Global Logistics and Europe Cargo, both members of Project Cargo Network, have recently collaborated on the project cargo shipment of a dredger and its equipment from Alexandria to Antwerp. Busy Start of 2015 for DEME DEME (AvH 60.40%) realized an economic […]
Stolt-Nielsen Gas, a subsidiary Norway’s liquid bulk transporter Stolt-Nielsen Limited, and Sungas Holdings have agreed to sell up to 5 million common shares in Avance Gas Holding, expected to fetch up to USD 81 million. Stolt-Nielsen Gas and Sungas have sold or agreed to sell 2,500,000 common share
Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Drewry’s Carrier Performance Insight. The previous best since Drewry’s new data series start
Israeli shipping company ZIM posted a sharp improvement in its business results for the first quarter of 2015 recording a non-GAAP net profit of USD 35 million, compared to a USD 4 million loss in the last quarter and a USD 53 million loss in the parallel quarter in 2014. The operating cash flow in
The International Association of Dredging Companies (IADC) has announced that their webinar, named ‘Dredging Equipment: Its Evolution, Capabilities and Importance for Maritime Infrastructural Works’, is scheduled for Wednesday, June 17, 2015, at 14.00 hrs (CEST, Central European Summer Time). The we
Alastair Marsh has been appointed as CEO of Lloyd’s Register (LR), following the resignation of Richard Sadler from that position. Lloyd’s Register’s Richard Sadler has taken the decision to step down as CEO at the end of 2015, after eight years in the role. The Lloyd’s Register Group Board of Direc
The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, ship owners across the board seem to have a lot on their plates. World Maritime News wanted to know more about the direction
German oil and gas company Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North Field offshore Qatar on May 25, 2015. Wintershall’s office in Doha will be closed. In 2013, Wintershall made the “Al Radeef” gas discovery off the cost of Qatar. “During the develo
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME,one of the largest dredging companies in the world), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced their business results f
