In a world swamped by software solutions providing various types of information and data it has become difficult to choose those tools that extract the data we actually need. Ships have been integrating these high-tech solutions at an ever growing pace, becoming more automated and reliant on technol
Financing of the shipping industry is again on the agenda as new investments are needed to keep up with the upcoming fleet renovation drive and market growth. According to Clarksons data, the cost of financing the shipping industry over the decade from 2014 to 2023 could be around USD 1.4 trillion,
This year has seen a major comeback of the Suezmax tanker market prompted by the recent surge in newbuilding orders, after three years of very few orders, according to London-based shipbroker Gibson. The “mini” surge in the newbuilding market, caused by more regular spikes in the spot market, has se
NEWS IN PHOTOS: Yachts Damaged by Dredger At least ten yachts moored outside Medway Yacht Club were struck and badly damaged yesterday by what is believed to be a dredger in the fog. Officials to Sign Savannah Harbor Deepening PPA Deepening the Savannah harbor is one step closer, with officials fr
Total annual operating costs in the shipping industry fell by an average of 0.3 per cent in 2013, according to the press release issued by the international accountant and shipping consultant company Moore Stephens. This compares with the 1.8 per cent average fall in costs recorded for 2012. Crew co
The secondhand dry bulk market has been struck by the latest stagnation in the market and depressed charter rates. “The market has been flooded by vessels for sale while even more candidates –especially from the Japanese market- are expected to come in the near future pushed by the weak Yen against
The latest INTTRA Technology Outlook survey which tries to identify the top technology priorities and challenges on the minds of international logistics and shipping industry professionals around the world has shown that the industry’s top priority is “improving supply chain visibility capabilities
Global marine premiums dropped by 1.7% last year, falling from USD 34.8bn in 2012 to USD 34.2bn, as shown by the latest statistics released by the International Union of Marine Insurance (IUMI) at its 2014 annual conference held in Hong Kong. The conference gathered over 500 attendees who heard from
The 2M alliance between the shipping heavyweights, Denmark’s Maersk Line and Swiss Mediterranean Shipping Company is currently under scrutiny of the U.S.A. and China regulators. The companies are trying to appear confident in the approval of the alliance, saying that the U.S. Federal Maritime Commis
Oil and gas pipeline engineering specialist STATS Group has invested more than CAD $1.8 million (£1 million) in a double pronged expansion in North America and the Middle East. In Canada, the isolation and integrity testing business has upscaled to an Edmonton facility twice the size of its previous
Israeli-owned containership Zim Shanghai has unloaded its cargo at the Port of Long Beach in Los Angeles, having been reverted from the Port of Oakland by pro-Palestinian protesters. The unloaded Oakland cargo in Los Angeles will most likely be trucked back up to Oakland causing additional costs to
John Hinge, President and CEO of United Arab Shipping Co. (UASC) believes shipping alliances will help the box markets on what he called ”a slow journey to recovery,” stabilising the freight rates along the way, the Wall Street Journal reports. UASC President has projected a bright outlook for major
SOHAR Port and Freezone Executive Commercial Manager Edwin Lammers called on world leaders within the global shipping industry to join forces in their search for innovative testing methods, quality control, fuel efficiency, and risk management practices ahead of new International Maritime Organisati
Members of the Maritime Union Australia employed by DP World terminals in Sydney and Melbourne announced their plans to stop work this week. Four-hour work stoppages are expected from 10.00am Wednesday October 1 until 2.00pm, 6.00pm until 10.00pm and 2.00am until 6.00am on Thursday October 2 at Sydn
