Dubai-based port and terminal operator DP World is stepping up container handling productivity at its flagship Jebel Ali Port by adding 1.5 million TEUs to Container Terminal 3 (T3). The expansion, which increases the port’s capacity from 18 million TEU to 19.5 million TEU, is in response to emergin
The United Arab Emirates (UAE) Federal Transport Authority (FTA) and the International Transport Workers’ Federation (ITF) have agreed to work together to tackle abandonment cases in UAE waters. FTA and ITF officials met this week to discuss the increasing number of abandonment cases faced by the UA
On October 17, AIDAcara embarked from Hamburg on AIDA Cruises’ very first world cruise. The 116-day cruise around the world will take the ship to 41 ports in 23 countries on five continents, until February 10, 2018. Highlights of the journey are, amongst others, Easter Island, New Zealand and Austra
Dutch Port of Amsterdam, STC-Group Holding and Iskes Towage & Salvage are looking to expand their cooperation with UAE-based oil storage and bunkering hub Port of Fujairah (PoF). The parties signed a Memorandum of Understanding (MoU) in Amsterdam which focuses on further strategic cooperation. Locat
Greenhouse gas emissions from three ship types – containerships, bulkers and tankers – could be reduced by a third, on average, by reducing their speed, according to a new study that will be presented to the International Maritime Organisation (IMO) next week. The cumulative savings from reducing th
While gas markets are currently well supplied, the transformation of natural gas markets from regional systems to more globalized and interdependent markets is creating new security challenges, according to the International Energy Agency’s (IEA) latest assessment of global gas security. The report,
The Libyan Ministry of Transport has decided to close the Port of Tobruk. As explained, the port will be closed with immediate effect for import and export activities. Shipments from/to Libya will be regularly accepted for the following ports: Al Khums, Benghazi, Misurata and Tripoli. The closure fo
A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International Maritime Bureau’s (IMB) latest quarterly report on maritime piracy. In total, 92 vessels were boarded, 13 were f
The third quarter of 2017 saw the highest level of total tanker deadweight tons (DWT) sold for scrap in any quarter since 2010. Some 4.98 million DWT or 2.69 million gross tonnes were sent for demolition during the quarter, according to the data compiled by VesselsValue. This equals to 40 tankers be
Last week was very busy for Jebel Ali-based Transworld Group as the shipping and marine logistics conglomerate completed the acquisition of three ships. Namely, the fleet of Shreyas Shipping, Indian-flagged ship owning unit of Transworld Group, was expanded with the Indian-flagged containership MV H
The IMO’s 0.5 sulphur cap on marine fuel set to enter into force in 2020 has caused numerous headaches to shipowners as they start to prepare for compliance of their fleets with the new regulations. Speaking of the available solutions during a Capital Link panel on Marine Fuels: An Industry in Trans
Saudi Arabia’s King Abdullah Port has signed an agreement with port operator AMSteel for the operation of its first bulk and general cargo terminal berth. Under the agreement, AMSteel will operate the facility for a period of 25 years. “Signing this agreement comes within the framework of developing
The container shipping industry is steaming its way toward making an operating profit in the region of USD 6 billion this year, with that sum rising again next year, Drewry said in its latest report on container shipping industry. As disclosed, for now, “the industry is moving in the right direction
Readers’ Picks of the Week (October 09-13, 2017)
