Emergence of major shipping alliances has not convinced major shippers of the benefits they promised to bring. While speaking at this week’s TOC Container Supply China event in Singapore David Panjwani, global logistics director for US machinery manufacturer John Deere said that the emergence of fou
Van Oord, a Dutch contracting company that specializes in dredging and land reclamation, has just published its annual report 2014. The annual report 2014 looks back on an exceptional year, according to CEO Pieter Van Oord: “The year was special because for the first time in our history, our turnove
German container line Hamburg Süd described its 2.3 increase in cargo volumes in 2014 as ”modest,” attributing the less-than-expected improvement to the market overcapacity and a weak economic development of the carrier’s key markets in South America. Hamburg Süd handled 3.375 million TEUs in 2014,
Lloyd’s Register has issued new emissions guidelines and updated technical information to help operators in their investment decisions ahead of the enforcement of a global 0.5% cap for SOx emissions. The time for decisions is fast approaching. If in 2012, when an earlier version of this report was i
Rowan Companies, a Houston-based drilling contractor, has seen several revised operating rates for their rigs contracted by Saudi Aramco. According to its latest fleet status report, five of its jack-up rigs under contract with Saudi Aramco in Saudi Arabia, are under revised operating rates beginnin
The European Shippers’ Council has revealed plans to start a global review of the container liner shipping market to address growing concerns among manufacturers, retailers and wholesalers about the long term threats of a concentrated container liner shipping industry through alliances, the ESC said
India’s government has approved the signing of a shipping agreement with Jordan to strengthen the cooperation between the two countries, and to provide sustained mutual assistance and advice on merchant shipping and other related maritime matters. India’s Union Cabinet chaired by the Prime Minister
The Gulf of Guinea proved to be one of the most dangerous piracy hotpots for mariners, according to maritime intelligence agency Dryad’s maritime crime figures for Quarter 1 (January to March) of 2015. Namely, kidnapping of crew for ransom remains the most significant threat to mariners in the regio
Kuwait National Petroleum Company (KNPC) is building one of the largest oil refining plants in the world, the Al-Zour Refinery. The refinery will be constructed on land reclaimed by Van Oord in ‘sabkha area’, a salt plain near the coast some 30 kilometers north of the Saudi border. The project invol
Responding to conflicting claims about the conclusions the study it prepared for Seas At Risk and Transport & Environment on shipping’s efficiency in the press and most recently the criticism of the International Chamber of Shipping (ICS), consultancy firm CE Delft stood firm behind its findings. “C
Board members of the Saudi Arabian Oil Company, parent company of National Shipping Company of Saudi Arabia (Bahri), have visited South Korea’s top shipbuilder Hyundai Heavy Industries (HHI). The visit is reported to form part of negotiations between the two parties on ordering up to 10 tankers, Reu
Several leading banks in the shipping industry, including HSH Nordbank and KfW IPEX-Bank, use energy-efficiency data in making investment and financing decisions, according to the NGO Carbon War Room (CWR). HSH Nordbank, KfW IPEX-Bank, and other banks surveyed by CWR have indicated that vessel effic
APTelecom has been engaged by Middle East and North Africa Submarine Cable System (MENA-SCS) to assist with international sales and the commercialization of a new submarine cable system known as MENA Cable, connecting Europe to Middle East and India. The MENA cable system is independent of other bui
Natural gas carrier Qatar Gas Transport Company (Nakilat) disclosed an 8% higher year-on-year net profit in its interim financial statement for the three months ended March 31, 2015. The financial statement filed with Qatar Stock Exgange revealed a net profit of QR 222.4 million ( USD 69 million) in
