Vallianz Holdings Limited has secured a time charter award worth $97 million with “one of the world’s largest” national oil companies in the Middle East (NOC). However, Vallianz did not reveal the name of the client in question. Under the award, Vallianz will supply a specialized vessel for up to fi
World’s Largest Containership Starts Maiden Voyage 19,100 TEU CSCL Globe, the world’s largest container ship and the first in a series of five same-sized ships ordered by China Shipping Container Lines (CSCL) in May 2013…Read more MPHRP Outraged by Court Decision to Compensate Pirates Decision of th
New Suez Canal Dredging in Full Swing The digging rate after 125 days of work at the Suez Canal Development Project reached 150 million cubic meters on Thursday, said Chief of Staff of the Army’s Engineering Authority Major General Kamel el-Wazir. Massive Achievement for APT Global APT Global Mari
The International Transport Workers’ Federation called on implementation of new International Maritime Organization (IMO) requirements on safe manning of vessels. Over the past three years the IMO has redefined the concept of safe manning of vessels and as a result, as of January 2015, conditions sh
Overall confidence levels in the shipping industry fell during the three months to November 2014 to their lowest level for two years just nine months after reaching a six-year high, according to Moore Stephens’ latest Shipping Confidence Survey. The survey revealed increasing concern about the high
Two new unified requirements have been developed by the International Association of Classification Societies (IACS) as a result of a post review on MOL Comfort sinking. The casualty of MOL Comfort which occurred on 17 June 2013 saw the vessel’s hull split in two. The two new requirements are: UR S1
DP World’s third cruise terminal at Mina Rashid, Dubai was inaugurated on Thursday, December 11 by His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. DP World said that the Hamdan bin Mohammed Cruise Terminal is set to be the world’s largest single, covered cruise
VTT Technical Research Centre of Finland and Rolls-Royce today unveiled their latest vision of Ship Intelligence – a futuristic ship’s bridge concept which could become reality by 2025. Rolls-Royce predicts that Ship Intelligence will be the next major transition for the shipping industry as ships a
Market expectations for China to meaningfully reduce domestic iron ore production in favour of imports proved to be overly optimistic, CEO of shipping company Goldenport Holdings, John Dragnis said commenting on the third quarter results of the company. Dry bulk freight rates during the third quarte
Qatar Kentz, a member of the SNC-Lavalin, has been awarded a four-year contract by Qatar Shell for its Pearl Gas-To-Liquids facilities in Qatar.
APT Global Marine Services recently successfully dry-docked both cutter suction dredger HAM 218 as well as water injection dredger Iguazú for the Van Oord Ship Management B.V. at DMC Dubai. With these 2 dry-dockings completed (HAM 218 being the first large cutter suction dredger to ever dry dock wit
Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers by Drewry’s new online version of the Carrier Performance Insight. Drewry said that Maersk Line and Hamburg Süd were by far the most reliable carriers in the three months to October 2014 with overall on-time
DP World Chairman HE Sultan Ahmed bin Sulayem met with the President of Uganda Yoweri Museveni at DP World’s flagship Jebel Ali port in Dubai yesterday to discuss areas of future cooperation and mutual interest between Dubai and Uganda. The meeting provided an opportunity for the global marine termi
The global market value for offshore wind turbine and foundation installation vessels will increase more than fivefold, says research and consulting firm GlobalData. Namely, the market value is set to increase from an estimated USD 0.56 billion in 2014 to approximately USD 2.93 billion by 2020, repr
