Oil trading companies have chartered around fifteen supertankers in January, possibly to take advantage of slumping oil prices and store crude for future sale, Platts reports. The chartered supertankers have the storage capacity of around 30 million barrels. These very large and ultra large crude ca
Some 100,000 TEU of new container ships scheduled for delivery in 2014 is estimated to have slipped into 2015. While this helped to narrow the gap between supply-demand last year it will only add to the supply pressure this year, according to Drewry Maritime Research. Drewry believes that further de
Lamprell, a builder of offshore drilling rigs, with construction facilities in the U.A.E, expects 2015 to be a challenging year. The company has said that while 2014 was an exceptionally strong year for Lamprell, that level of performance will not be replicated in 2015 due to Lamprell’s projects bei
Polarcus Limited’s Board of Directors has chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod takes up his appointment, expected early Q1 2015.
Qatargas has delivered the first LNG cargo under the long-term Sale and Purchase Agreement between Qatar Liquefied Gas Company Limited and PTT Public Company Ltd. to Thailand’s Map Ta Phut LNG receiving terminal. The cargo arrived aboard a Q-FLEX LNG vessel Al Ghariya on January 7. “Not only are we
Polarcus Limited has chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod Starr takes up his appointment, expected early Q1 2015, Polarcus said i
Dear readers, in today’s list of the most read articles of this past week is an article of the arrival of the Pieter Schelte vessel to Rotterdam. To call it just a ‘vessel’ is an understatement. A platform installation / decommissioning and pipelaying vessel in one, it has been described as a twin-h
DSME Christens World’s Biggest Containership Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership.…Read more VIDEO: Pieter Schelte Reaches Rotterdam The w
The LNG industry celebrated its 50th birthday in 2014, but while the industry may have matured, Wood Mackenzie finds in its annual review that it’s still not short of surprises. Andrew Buckland, Principal Analyst – LNG Shipping for Wood Mackenzie says that a record number of new ship orders were pla
PSA Marine Qalhat SAOC (PSAMQ), a joint venture company formed between PSA Marine and Golden Dunes International, will commence towage operations for Oman LNG LLC (OLNG) in Sur, Oman on January 11, 2015. The contract will be for a period of 10 years. OLNG, a joint venture between the Omani Governmen
Global marine terminal operator DP World has announced a video that captures some of the company’s highlights from 2014. “2014 was yet another great year for DP World. We achieved countless ‘wins’ over the course of 2014 and the film is just a snapshot of some of those successes,” they stated. DP Wo
Container shipping giants Maersk, MSC and CMA CGM have claimed three top spots on the list of companies that had the biggest fleet capacity increase last year. As shown in Alphaliner’s 2014-2015 fleet review, Maersk increased its capacity by 12%, MSC by 7% and CMA CGM by 9%. A.P.Møller-Maersk increa
Two Iranian Navy vessels managed to repel a group of eight pirate skiffs that were approaching an Iranian product tanker in the Gulf of Aden, Iran’s FARS news agency informed. Having detected the threat the Navy opened fire on the skiffs some 120 km southeast of the city of Al-Mukalla, Yemen, causin
UAE-based terminal operator Gulftainer said it has surpassed 400,000 TEU milestone at Sharjah Container Terminal (SCT), UAE in annual throughput during 2014. SCT has recorded double-digit growth compared to last year’s volumes. Iain Rawlinson, Group Commercial Director of Gulftainer said that the pr
