Readers’ Picks of the Week (January 23 – 27, 2017)
A collaborative approach to understanding the opportunities and then tackling the associated commercial barriers to liquefied natural gas (LNG) is crucial to encourage its use as an alternative to traditional bunker fuels, according to the industry coalition SEALNG. With a transition to stricter emi
Due to the devastating low rates in the first half of 2016, container shipping lines earned an average of 7% less, than in 2015 on all Shanghai Containerized Freight Index (SCFI) trade routes, according to BIMCO. The freight rates managed to gain momentum through second half of 2016, and were 22% hi
Marine transport and logistics conglomerate Qatar Navigation (Milaha) has signed an agreement with the Kandla International Container Terminal (KICT) in India to start the first direct common carrier feeder service between Saudi Arabia and India. The company said that the new weekly service will con
Based on the delivery schedule of the current orderbook, deliveries of new tankers in 2017 will reach the highest level since 2009, however, Poten & Partners argues that the orderbook may not be as scary as it looks. While, it is difficult to see how the market can absorb such a large orderbook with
Egypt’s Damietta Port revealed that its ship and cargo traffic saw a significant increase in 2016, compared to the previous year. Cargo throughput at the port went up by 12 percent in 2016 and rose to 32 million tons from 28.6 million tons in 2015. The port recorded a 53.1 percent rise in its export
Readers’ Picks of the Week (January 16 – 20, 2017)
The downward trend in oil spills from tankers continues, according to the latest annual statistics issued by the International Tanker Owners Pollution Federation Limited (ITOPF). The average number of large oil spills from tankers, greater than 700 tons, has progressively reduced and since 2010 aver
Iranian national shipping company HDASCO Line plans to launch a new container shipping service between Haropa – Port of Le Havre and Iranian and Iraqi ports, starting from February 2017. The new service will call at the following ports: Bandar Abbas, Asaluyeh, Bandar Iman, Khomeini, Busher, Khorrams
The International Transport Workers’ Federation (ITF) has welcomed new Maritime Labour Convention (MLC) provisions on crew abandonment that come into force on Wednesday, January 18. Under the Maritime Labour Convention 2006 (MLC), ship owners must have insurance to assist the seafarers on board vess
Saudi Arabia’s King Abdullah Port recorded an 8% increase in its annual container throughput, which amounted to 1.4 million TEU in 2016. The port received a total of 729 vessels in 2016 compared to 637 vessels in 2015. With the completion of the infrastructure works for Berth 5 and Berth 6, the King
International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to shipping consultancy Drewry. In the past 6 months, the ocean transport spend under carrier contracts benchmarked by beneficial cargo own
Physical suppliers should move away from fuel supply in the major bunkering hubs, and instead focus on smaller ports to reap the opportunities of a rapidly changing market, according to maritime consultancy 20|20 Marine Energy. Growing concentration of fuel supply in major bunkering hubs is expected
The harsh conditions in the container shipping market during the 2016 have led to a drop of large-scale international carriers to 17 as at January 2017, down from 20 a year ago, according to Alphaliner. Namely, the reduction is a result of the acquisition of Singapore-based carrier APL by French maj
