Over 13 tons of marijuana were seized from a Bolivia-flagged general cargo vessel Joudi some 55 nautical miles off Tobruk, Libya, on January 5, Commander of Turkish Coast Guard Rear Admiral Hakan Üstem said at a press conference. The seizure was conducted as part of the anti drug operation Albatros.
Iran is gearing up to deploy its crude oil tankers to the market once the sanctions against the country are lifted, which is expected to take place by the end of January. What is more, based on the latest statement from the US Secretary of State John Kerry, Iran may be “days away” from complying wit
Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. announced today that its Chief Executive Officer, Rafi Danieli, told the company’s Board of Directors that he wishes to resign from his role as CEO. ZIM said that Danieli will continue to serve as CEO until a new CEO is appointed
Freight rates for container shipping are expected to experience a further fall in 2016 as the supply-demand imbalance continues widening resulting in more losses for boxship owners, according to shipping consultancy Drewry. Many stakeholders point to the fact that bunker prices of for example USD 14
Port developer and operator Abu Dhabi Ports, set a new annual cargo-volume record in 2015, posting a 32% surge in container volumes alone at its Khalifa Port Container Terminal. The terminal, operated by Abu Dhabi Terminals – a subsidiary of Abu Dhabi Ports, moved 1.5 million TEUs, up from 1.1 milli
The shipping industry is to remain volatile and indispensable in 2016, international accountant and shipping adviser Moore Stephens says. According to Moore Stephens shipping partner Richard Greiner, the dry bulk sector will probably have to reduce the newbuilding orderbook and increase ship recycli
The global idle containership fleet at the end of December 2015 hit a record high with a total capacity of 1.36 million TEU, which represents five times more compared to 0.23 million TEU at the beginning of the year, market analyst Alphaliner reports. The idle containership fleet stood at 331 vessel
Khalifa Port Container Terminal, managed and operated by Abu Dhabi Terminals (ADT), is ready for the next phase of expansion, according to its operator. Abu Dhabi’s main container port has reached 78% of its handling capacity and in the next two years Abu Dhabi Terminals plans to enhance its operati
The new year is not off to a great start for the dry bulk shipping industry as the Baltic Dry Index (BDI) reaches new all-time low. BDI dropped by five points on Tuesday reaching its lowest level yet of 468 points since its previous record low of 471 points posted in December last year. Capesize ind
As the 2016 dawns upon us, the shipping industry should brace itself for yet another challenging year, according to BIMCO, as hope for a bounce-back in 2016 fades away. Despite this, the International Monetary Fund has forecast higher GDP growth rates for 2016 across the board. The shipping industry
Container shipping company Mediterranean Shipping Company (MSC) has returned to Iran following a 6-year suspension of services due to sanctions imposed against Iran which are now about to be lifted. Namely, MSC containership Domitille has berthed at the country’s port of Shahid Rajei, as disclosed b
Shipping organizations comprising BIMCO, CLIA, ICS, INTERCARGO and INTERTANKO have launched a set of guidelines to help the global shipping industry prevent major safety, environmental and commercial issues that could result from a cyber incident onboard a ship. The cyber guidelines launched today a
World Maritime News team wishes all our readers joyous holidays and a happy and prosperous New Year! We would also like to thank our readers for continuous support over the year and we look forward to bringing you the latest stories about the maritime world next year as well. May 2016 bring you fair
The National Shipping Company of Saudi Arabia (Bahri) took delivery of one second-hand Very Large Crude Carrier (VLCC) purchased in October. The ship in question is Blue Pearl and has been renamed to Kidan. The ship was purchased within a two-ship contract inked on October 27, 2015. The second vesse
