Carbon War Room, exactEarth, and University Maritime Advisory Service (UMAS) have launched BetterFleet, a free-to-access ship operational efficiency portal, on ShippingEfficiency.org. Based on similar data and methods used by the International Maritime Organization (IMO) to assess the world fleet, B
Houston-headquartered classification society ABS has joined the SEALNG coalition whose objective is to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. SEALNG brings together players from across the supply chain, including shipping companies, classification societi
Marine transport and logistics conglomerate Qatar Navigation (Milaha) and Qatar Ports Management Company (Mwani Qatar) have signed an agreement to establish a new company QTerminals to manage Hamad Port. Under the agreement, Mwani Qatar will hold 51 percent of the new company, while Milaha will hold
Dubai-based owner and operator of chemical tankers Gulf Navigation Holding PJSC (GulfNav) signed a strategic contract with Deloitte related to the company’s upcoming acquisition of a large shipping fleet, a part of GulfNav’s future expansion plans. “This upcoming acquisition represents an important
Qatar Port Management Company is getting ready to transfer all container terminal operations from the Port of Doha to the new Port of Hamad, German shipping major Hapag-Lloyd informed. The Port of Hamad is expected to commence vessel operations, discharging and loading activities from December 1, 20
The European Commission has given its approval to German shipping major Hapag-Lloyd’s proposed acquisition of Dubai-based shipping company United Arab Shipping Company (UASC). The clearance is conditional on the withdrawal of UASC from a consortium on the trade routes between Northern Europe and Nor
High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to shipping consultancy Drewry. VLGC rates remain under pressure on account of ample vessel supply and weak arbitr
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has assumed full ship management and operations of Q-Max liquefied natural gas (LNG) carrier Umm Slal from Shell Trading and Shipping Company Ltd. (STASCo) with effect from November 23. Umm Slal is the third Q-Max vessel that w
The crude tanker market is forecast to experience a limited winter upturn, as only the Very Large Crude Carrier (VLCC) sector showed any sizable movement in October, with spot earnings on TD3 increasing sharply to around USD 40,000/day, according to Maritime Strategies International (MSI). Spot acti
After a steady fall in average daily TCE spot earnings in October, November saw an inflection point for Capesizes as the dry bulk market is sailing into a firm festive season, swiftly followed by a New Year comedown, according to research and consultancy firm Maritime Strategies International (MSI).
Readers’ Picks of the Week (November 14 – 18, 2016)
The Baltic Dry Index (BDI) jumped by 26 points and reached 1,257 points on November 18, marking its highest level so far in 2016 amid a strong recovery in the dry bulk market over the last month. The Capesize index was up by 21 points reaching 2,752, the Panamax index was up by 35 points to [&hellip
Representatives of exporters and importers from around the world, the European Shippers’ Council and the Global Shippers’ Forum, have joined forces to advance and protect their members’ interests in the face of unprecedented change in the global container shipping industry. The move was made amid sh
The regulating, coordinating and supervising body for Dubai’s maritime sector, Dubai Maritime City Authority (DMCA), has signed a collaboration agreement with Norway-based classification society DNV GL to explore initiatives aimed at advancing the sector’s technological capacity. Through the agreeme
