Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) signed a two-year contract with Qatar Navigation (Milaha) for the time charter of the Liquefied Petroleum Gas (LPG) carrier Almarona to primarily transport ammonia exports from Qatar to Muntajat customers around the world
Alstom is back at the World Future Energy Summit (WFES), from the 19th to the 22nd of January, to present its latest technologies and long-lasting expertise in renewable energy and electricity transmission. This gathering on the future of energy aiming at addressing the world’s energy challenges is
Ships’ costs structures will change as increased bunker costs are unavoidable due to the latest 0.1% Sulphur Directive for the Emission Control Areas (ECAs), which came into effect January 1, according to Karen Jacques, Dryad Maritime’s Director for Asia Pacific. There will inevitably also be additi
Singapore based port operator PSA International handled 65.44 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world in 2014. The company’s volume increased by 5.8% over 2013 with PSA Singapore Terminals contributing 33.55 million TEUs (+4.1%) and PSA termina
Tug Collides with Hoegh Osaka One of the two tugs attached to Hoegh Osaka moved from her position on Saturday afternoon and collided with the listing car carrier, UK Maritime and Coastguard Agency (MCA) informed.…Read more Libyan Army Bombs Second Tanker The Libyan National Army (LNA) has bombed ano
DEME: Dredging Simulator, New Office Building The Flemish Minister-President Geert Bourgeois has laid the foundation stone of the new DEME office building in Zwijndrecht. He also put into operation the brand-new high-tech dredging simulator. VIDEO: Leonardo Da Vinci’s Mud Dredger The biggest scien
Norway’s maritime insurance company Gard has issued a warning regarding recently observed attempts to export crude oil originating from Iran in breach of applicable sanctions using ship to ship (STS) transfers at Khor Fakkan in the United Arab Emirates. The oil is typically described as of Iraqi ori
The Saudi Arabia Monetary Agency (SAMA), has bought a 7.26 percent stake in Hyundai Mipo Dockyard Co., the South Korean shipbuilder disclosed in a regulatory filing. According to the filing, SAMA purchased 1.45 million shares on the Seoul bourse from January 7 to January 12. The company’s shares cli
Ship efficiency remains just as relevant and important in a bearish oil market as it does when shipowners have to pay over USD 600 for a tonne of Heavy Fuel Oil, Newport Shipping UK said in a release. Hakan Ozcan, the Chief Financial Officer of Ecoships, the technical ship management arm of Newport
The International Maritime Organisation (IMO) has published a report containing the main findings and conclusions of the public consultation undertaken by the IMO on the reduction of administrative burdens in maritime regulations. 60% of those involved in the online consultation named ‘Have Your Say
Containership reliability declined for the second month in a row in December, according to Drewry’s enhanced Carrier Performance Insight. The latest data shows that the aggregate on-time performance for the Asia-Europe, Transpacific and Transatlantic trades dropped to 58% in December, down from 62%
The Emirates Nuclear Energy Corporation (ENEC) has announced the completion of the final stages of an artificially constructed reef, located 3.8km from the shoreline of Barakah, the home of the UAE’s peaceful nuclear energy program. Developed in partnership with the National Marine Dredging Company
Two chemical tankers and two dry bulk carriers have joined Navig8 Group’s shipping pools in January. The 2008-built, 13,946 cbm chemical tanker Ocean Cerise joined the Taras8 Pool on January 16, while the 2015-built, 44,301 cbm Ardmore Dauntless entered the Delta8 pool on January 12. The Supra8 pool
Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its outstanding USD 14.6 billion debt, Reuters reports citing company announcement. The deal envisages full early repayment of 2015 maturities of USD 2.92 billion in addition to extension of the
