The early results for 2015 show that there has been a marked improvement in bunker fuel quality, the International Bunker Industry Association (IBIA) said. According to the data gathered by Intertek ShipCare, 8% of samples tested in 2015 reported off-spec, compared with 10% in 2014. ”Test figures fo
Bocimar International NV, CTM (C Transport Holding Ltd), Golden Union Shipping, Golden Ocean Group and STAR BULK CARRIERS have announced the formation of a new joint venture company, Capesize Chartering Ltd. The joining of forces comes as neither of the parties owns, controls or manages sufficient C
A steep rise in vessel orders risks bringing the recent bonanza in oil tanker shipping to an abrupt end, according to the latest edition of Drewry’s Tanker Forecaster. Following recent modest growth, the oil tanker fleet is expected to reach new heights by 2016, climbing to 371 million dwt, Drewry e
The National Iranian Tanker Company (NITC) is facing blacklisting again by the European Union as it has failed in its legal attempt to convince a London Court to prevent the EU from reimposing sanctions. The sanctions had been imposed in 2012 over Iran’s nuclear programme, and banned any trade betwe
Maire Tecnimont’s subsidiary Tecnimont S.p.A. in Consortium with Archirodon has received a Letter of Award (LOA) for an EPC contract with Abu Dhabi Gas Liquefaction Company Ltd. (ADGAS) for the execution of the Package 1 of the IGD Expansion Project (IGD-E) on Das Island, Abu Dhabi, UAE. Overall pro
International Labour Organization (ILO) held a tripartite meeting of employers, seafarers’ unions and governments in Geneva last week, to consider possible adjustments to the Seafarers’ Identity Documents Convention (Revised), 2003 (ILO 185), the International Chamber of Shipping, shipowners’ repres
23 million passengers are expected to sail on cruise ships in 2015, a four-percent increase over 2014 estimates of 22.1 million, Cruise Lines International Association (CLIA) predicts in its annual State of the Cruise Industry Report. 61 percent of North American CLIA-certified travel agents have re
AGR has announced a contract win to optimise drilling performance with LUKOIL Overseas, the operator of LUKOIL’s international upstream projects. The contract covers LUKOIL’s drilling operations in several territories internationally, including Middle East, Black Sea, Africa and Central Asia. AGR sa
A Kuwaiti oil tanker sailing through the Gulf of Aden managed to fend off a pirate attack on Sunday, February 8th. The tanker was en route to Djibouti’s Horizon Terminal port when four pirate boats approached the vessel in an attempt to board it, the Kuwait News Agency (KUNA) reported citing Sheikh
The window of opportunity for carriers to order 18-20,000 teu mega ships is closing and those that do not make the leap will struggle to compete on slot costs, UK shipping consultant Drewry believes. According to Drewry’s Container Insight, there is not enough cargo for everyone to have ULCVs so fut
Former director of OW Bunker’s Dynamic Oil Trading (DOT) subsidiary in Dubai Jesper Jervild has established a bunker broking company following OW Bunker’s demise. Aside to bunker broking, the newly-established Liberty Marine said it would also offer in house bunker broking services. The aim behind t
Abu Dhabi Ports handled more cargo last year than ever before, with the number of containers handled through Khalifa Port and the volume of general and bulk cargo handled through all of ADP’s ports increasing by 26% and 37% respectively, compared to 2013. The Khalifa Port Container Terminal which is
United Arab Shipping Company (UASC) has appointed the Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay as the liner company eyes greater presence in South America. The appointment comes in the wake of UASC’s long-term general cooperation agreement with the H
One Killed, Three Taken Hostage in Pirate Attack off Nigeria One crew member was killed and three taken hostage in a pirate attack on a Greek-owned tanker pending unloading off Nigeria late Tuesday, the Hellenic Coast Guard informed.…Read more Allseas: No Intention to Change Pieter Schelte’s Name Sw
