New Shipping Giant Enters the Scene China Cosco Shipping Corporation Ltd was formally launched in Shanghai yesterday, a company created through the merger between China’s two shipping giants China Ocea… Read More Interview: Navigating the Ever Bigger Ships into the Future As the ships of the global
Iran and Germany are negotiating the possibilities for re-establishing shipping cooperation including through establishment of a new container shipping company. During a recent visit to Hamburg, Mohammad Saiedi, IRISL managing director signed a Memorandum of Understanding (MoU) with the owners of Ge
The International Code for ships operating in Polar waters, better known as the Polar Code, will enter into force on January 1, 2017, and will apply to ships operating in Arctic and Antarctic waters. The Polar Code provides for safe ship operation and protects the environment by addressing the uniqu
Iran has loaded its first oil cargo since the lifting of economic sanctions early January on board a tanker owned by Total SA and the cargo is now bound for Europe, according to the National Iranian Oil Company. Managing Director of Iranian Oil Terminals Company (IOTC), Pirouz Mousavi said that thre
Dubai’s port operator DP World is seeking investment opportunities in India worth over USD 1bn over the next few years, the group said. DP World has already invested capital of USD 1.2bn and is currently the only foreign operator with six port concessions in the country with approximately 30% market
Dubai-based tanker owner and operator Gulf Navigation Holding PJSC has reported a 101 percent profit growth by the end of year 2015 compared to the same period a year before. Being amidst a strong and consistent financial turnaround, the company said it continues its efforts to address creditor conc
There is no justification for restrictions on travel or trade due to the outbreak of the Zika virus, the International Maritime Organization (IMO) said in a circular letter. The conclusion was reached at the Emergency Committee of the World Health Organization (WHO), convened in February 2016. The a
Bunker prices are now at a low level not seen since the early 2000s and with much lower marine fuel prices big containerships’ cost advantages are dwindling, according to Drewry Maritime Advisors. When bunker prices increased five-fold, to levels in excess of USD 600 per tonne, lines responded with
The National Iranian Tanker Company (NITC) has been readmitted to the International Association of Independent Tanker Owners (INTERTANKO) as a full member, the country’s news agency IRNA informed. The decision is reported to had been delivered in a letter from INTERTANKO Chairman Nikolas Tsakos to N
Iran has launched yet another shipping line, this time with its neighboring Oman. The country has been very busy with renewing transportation links following the lifting of economic sanctions earlier this year with countries now standing in line to renew economic and energy ties with Tehran. Accordi
Dubai-based port operator DP World Limited handled 61.7 million TEU across its global portfolio of container terminals during 2015, with gross container volumes growing by 3% on reported basis and 2.4% on a like-for-like basis. According to DP World, growth in 2015 was largely driven by European and
The Baltic Dry Index has fell below 300 points, plunging to a new low of 298 points on Thursday, February 4. The Cape Index was down by one point at 208, followed by Supramax index at 271 after a dip of 9 points. Only the Panamax index had a slight improvement with 5 points up […]
Islamic Republic of Iran Shipping Lines (IRISL) plans to return to Europe before the end of this month, with HDS Lines ready to launch a full container service connecting Iran with Northern Europe and the Mediterranean, Alphaliner said. The loop will see the first calls of Iranian-flagged vessels in
A new shipping route has been launched between China and Iran following the sanctions lifting against Tehran. Namely, the arrival of the Iranian containership Perarin to Qinzhou Port on Wednesday marked the official kick off of the first shipping service to link Middle East and Beibu Gulf, Guangxi B
