Dubai Harbour will have a second cruise terminal in addition to the one already revealed in January 2017, Dubai-based holding company Meraas informed. “Dubai Harbour will be the first cruise destination to build two terminals simultaneously which when completed will accommodate 1,200,000 passengers
Automation of shipping and ports has been dubbed as a “marketing rush” by the president of the Maritime Union of Australia (MUA) Paddy Crumlin, while speaking in Singapore last week. According to the MUA President, and its General Secretary Stephen Cotton, consequences of automation have not been ca
Since the downturn of 2009, when it slumped by 4%, world seaborne trade has grown by 38%, adding an extra 3.2 billion tonnes, but has the extra ‘weight’ been put on? The wide spectrum of seaborne trade is well known, with a range of cargo types contributing to a projected 11.5 billion tonnes this ye
The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) entered into force on September 8, 2017. Adopted by the International Maritime Organization (IMO) in 2004, the measure for environmental protection that aims to stop the spread of poten
Driven by better market fundamentals and greater pricing discipline, carriers are now finally getting their strength back and looking forward to a potentially golden era of profitability. Most container shipping lines returned to profitability in the second quarter as expected, but significantly the
Now that the results for the second quarter of 2017 have settled in, it can be deduced that the container shipping market has entered fairer winds when compared to the horrendous second quarter of 2016. Ten carriers posted black figures, while only two have reported losses for the quarter, those bei
Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani has inaugurated today the Hamad Port in Umm Al Houl. The port, located 40km south of Doha, is the largest of its kind in the Middle East and has the capacity to handle all types of vessels, including large containerships. The USD 7.4 billion port will hav
An unidentified cargo ship has capsized near the port of Lakbi in Omani territorial waters after it started taking on water, Royal Oman Police informed via social media. Although the name of the vessel is not known, the officials said that the ship is Tanzanian-flagged. At the time of the incident t
Danish container carrier Maersk Line, a long-term top-performer when it comes to global schedule reliability, fell to the back of the ranking list in July, for the first time ever. The company’s reliability score stood at 75.1% in July, data from market intelligence provider SeaIntel shows. The Unit
Effective management of risk within the shipping industry has improved slightly over the past 12 months, a survey by shipping adviser Moore Stephens showed. However, shipping “still needs to up its game” in terms of managing its exposure to risk, which is increasing and changing in nature, not least
The recent reshuffling of alliance networks on Asia-Europe trade, driven by carrier consolidation, has seen some ports omitted and others gaining greater cargo volumes. While Singapore, Tanjung Pelepas, and Valencia have clearly benefited from the new Asia-Europe alliance networks, Port Klang and Ka
Driven by a positive trend in the container shipping industry, Israel’s shipping company Zim Integrated Shipping Services (ZIM) saw steady improvement in its quarterly performance. The company’s delivered a net profit of USD 2.3 million in the second quarter of 2017, compared to a net loss of USD 74
Greek-owned small clean tanker Levante has been seized by Libyan authorities on the grounds of suspected oil smuggling off the Abu Kammash area west of Tripoli, Reuters reports citing a naval official. According to navy spokesman Ayoub Qassem, the Liberian-flagged ship and its 20 crew members, predo
More international terminal portfolios are likely to move into the hybrid category in the coming years, as pure carrier terminal portfolios diminish over time, shipping consultancy Drewry said. Therefore, the majority of global/international terminal operator portfolios should end up being run more
