South Korea’s Hyundai Glovis Co. has signed a USD 500 million contract of affreightment (COA) with Qatar Primary Materials Company (QPMC) to transport 50 million tons of construction materials from the United Arab Emirates and Oman to Qatar, according to Yonhap News Agency. The COA will come into ef
Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the highest rate since July 2008, based on the data from London-based Baltic Exchange. The hike in rates came amid speculation that the demand from China has dried out the fleet capacity avail
Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the highest rate since July 2008, based on the data from London-based Baltic Exchange. The hike in rates came amid speculation that the demand from China has dried out the fleet capacity avail
Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014, according to findings released by international accountant and shipping consultant Moore Stephens. This compares with the 0.3% average fall in costs recorded for 2013. “All categories of expenditure were down o
Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014, according to findings released by international accountant and shipping consultant Moore Stephens. This compares with the 0.3% average fall in costs recorded for 2013. “All categories of expenditure were down o
Left to its own devices the International Maritime Organization (IMO) would be unable to show the sort of leadership that the industry needs if it is to prepare for the future and play a proper role in tackling climate change, Clean Shipping Coalition (CSC) said commenting on a recent statement by t
Left to its own devices the International Maritime Organization (IMO) would be unable to show the sort of leadership that the industry needs if it is to prepare for the future and play a proper role in tackling climate change, Clean Shipping Coalition (CSC) said commenting on a recent statement by t
Some 50% of crews working on offshore support vessels are willing to compromise safety rather than say ‘no’ to clients or senior management, a report on workboat and OSV safety commissioned by operations and maintenance management software specialist Helm Operations finds. The independent report sum
Some 50% of crews working on offshore support vessels are willing to compromise safety rather than say ‘no’ to clients or senior management, a report on workboat and OSV safety commissioned by operations and maintenance management software specialist Helm Operations finds. The independent report sum
If you are lucky enough to be considering purchasing a superyacht, hopefully today’s article will help choose the best one for your needs. The guide will walk you through the yachting world, starting from this and last year’s purchases to useful tips when buying a yacht. World Maritime News Staff; I
If you are lucky enough to be considering purchasing a superyacht, hopefully today’s article will help choose the best one for your needs. The guide will walk you through the yachting world, starting from this and last year’s purchases to useful tips when buying a yacht. World Maritime News Staff; I
Easy access to the internet onboard ships is a key requirement if young people are to be attracted into the seafaring profession and shipping needs to be more visible in the public eye, according to speakers who addressed an IMO symposium on maritime education and training, held on World Maritime Da
Easy access to the internet onboard ships is a key requirement if young people are to be attracted into the seafaring profession and shipping needs to be more visible in the public eye, according to speakers who addressed an IMO symposium on maritime education and training, held on World Maritime Da
Overall confidence levels in the shipping industry rose in the three months ended August 2015 to their highest level this year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents to the survey were concerned predominantly
