The implementation date for the 0.5% global sulphur cap is set for 2020, the International Maritime Organization (IMO) Marine Environment Protection Committee decided at its 70th session in London this week. In 2008, the IMO unanimously adopted the global sulphur cap requiring all ships to use fuels
Another merchant vessel was attacked by pirates and fired at off the coast of Yemen while it was transiting the Bab-el-Mandeb Strait, Al Arabiya cited Brigadier General Ahmad Hassan Asiri. Namely, the pirates reportedly fired a rocket-propelled grenade (RPG) at the 1997-built oil tanker Melati Satu,
The liquefied natural gas (LNG) tanker Galicia Spirit, owned by shipping company Teekay, experienced a suspected piracy attack on October 25 while it was off the coast of Yemen, according to the owner. Crisis management and response consultancy NYA said that the tanker was approached by a small vess
Dubai-based port and terminal operator DP World Limited handled 47.5 million TEUs across its global portfolio of container terminals during the first nine months of 2016, representing an increase of 2.2% on a reported basis from 46,477 TEUs handled in the same period in 2015. The operator said that
The ‘old Panamax’ sector seems to be slowly fading away, falling from 969 units in 2012 to 796 at the start of October, as the fleet is in a steady and perhaps terminal decline, according to Clarksons Research. Although plenty of ‘old Panamaxes’ are out there battling on, things are only going one w
In today’s spotted we bring you an image of MV Rickmers Dalian, a general cargo vessel which made a stop-over earlier this month at the anchorage off Lavrion, Greece, to load a mega yacht destined for Dubai, UAE. Owned by German liner service specialist Rickmers-Linie, the 30,000 dwt Rickmers Dalian
The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016. The OCEAN Alliance is comprised of French shipping company CMA CGM, China’s COSCO Shipping, Hong Kong-based Orient Overseas Container Line (O
Maersk Admits to Duplicity in Vessel Recycling Danish shipping giant Maersk Line has admitted that its own contracts from divestments “have not always guaranteed the intention” of the company’s recycling policy… Read More Captain of Death Ship Should Be Charged, ITF Says The International Transport
Port development and maritime technology will be in focus of the visit of the Netherlands’ Minister of Infrastructure and the Environment Melanie Schultz van Haegen-Maas Geesteranus and a delegation of Dutch companies to Iran from October 23 to 28, 2016. During the visit, the trade delegation will m
Danish shipping giant Maersk Line has restored its services to and from Iran, after a five-year absence from this Middle East country. The company said it offers nine mainline services with weekly departures on all major trade lanes to/from Jebel Ali, with a direct feeder to Bandar Abbas. For import
Qatar-based marine transporter Qatar Navigation (Milaha) has seen its net profit drop by 20.8 percent for the nine months ended September 30, 2016 to QAR 759 million (USD 208.4 million), from QAR 959 million (USD 263.3 million) reported in the same period a year earlier. The company said that its op
Total annual operating costs in the shipping industry fell by an average of 2.4% in 2015, compared with the 0.8% average fall in costs recorded for 2014, representing the fourth successive year that the operating costs were in decline, according to shipping consultant Moore Stephens. All categories
Nakilat Shipping Qatar Limited (NSQL), a subsidiary of Nakilat, signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s 25 LNG vessels from Shell to NSQL. Shell has provided a range of shipping se
Despite continuing concerns of weak trade growth and fleet oversupply in the container shipping market, a gradual market recovery is now expected, according to shipping consultancy Drewry. Worse than expected second quarter financial results will be followed by a better second half-year. But Drewry
