Over 4,000 tankers of 3,000 gross tonnes or more, representing 46% of the global 3,000+ gt tanker fleet, are not yet using ENCs (Electronic Nautical Charts) on ECDIS, which will be mandatory as of July 1, when SOLAS regulations on the mandatory carriage of ECDIS comes into force, data from the Unite
Gulftainer’s Khorfakkan Container Terminal (KCT) located on Sharjah’s Indian Ocean coast, has welcomed its largest vessel yet, the CMA CGM Kerguelen, sailing on the CMA flagship service FAL1. According to Gulftainer‘s Terminal Manager at KCT, Daniel Wright, receiving CMA CGM Kerguelen is another mil
Iran sold 1.4 million barrels of crude oil a day to importing countries, the highest level over the last three years, according to the International Energy Agency’s (IEA) Oil Market Report. The country, faced with ever more tighter economic sanctions from the West over its nuclear program, pumped 2.
The International Association of Classifications Societies (IACS) has adopted new Unified Requirements that are aimed at further improving the safety of large container ships by enhancing consistency between pre-existing Class Society provisions in this area. IACS established at the beginning of 201
Another Iranian ship carrying aid has left Iran on its way to Yemen as the war in the country continues with the Saudi led air campaign in its 11th week. The ship, identified as Arezou, carrying 8,000 tons of rice and 1,000 tons of sugar, departed Imam Khomeini Port on Saturday. The first Iranian sh
Singapore is the leading maritime city of the world, according to the recent report issued by Norwegian consultancy firm Menon. The report benchmarks the top maritime cities around the world in four maritime sectors: shipping, finance and law, technology, and ports and logistics. It also presents an
Chemical shipping faces another tough year, but prospects are improving thanks to the strength of the product tanker market which is attracting a growing number of swing ships out of chemicals into products, according to the latest edition of the Chemical Forecaster, published by global shipping con
Some 50% of crews working on offshore support vessels (OSVs) are willing to compromise safety rather than say ‘no’ to clients or senior management, while nearly 80% believe commercial pressures could influence the safety of their working practices, according to a report commissioned by operations an
InterManager, the international trade association of ship managers, has set its sights on examining two key areas which could have significant benefits for the shipping industry. First in its list of priorities is an investigation of minimum manning levels for different types of vessels trading on d
Russia has started shipping grain to Iran under a barter deal that will sea the grain being exchanged for other goods from Iran as the two nations bolster cooperation in response to sanctions from the West. The announcement was made by Rosselkhoznadzor, Russia’s food safety watchdog, Dow Jones Busin
Changes in the capesize fleet profile have led the Baltic Exchange to announce that it will cease panel based reporting of its 172,000 dwt 4 Timecharter Average (172 4TC) data from 31 July, 2015, and instead provide data derived from its assessments of the more commonly traded 180,000 dwt vessels. T
Amendments to increase the limits of liability in the 1996 Protocol to amend the Convention on Limitation of Liability for Maritime Claims, 1976 (LLMC Protocol 1996) entered into force on June 8, the International Maritime Organization (IMO) reports. The amendments raised the amount claimable for l
Small and midsize container carriers are likely to be squeezed out of the business by shipping majors, according to A.P. Møller-Mærsk A/S Chief Executive Nils Andersen. “I can’t speak for other companies, but small and midsize carriers-controlling a 3% to 5% market share–with very few exceptions–hav
Islamic Republic of Iran Shipping Lines (IRISL) is about to launch a shipping line in the Caspian Sea aimed at boosting competitiveness of its exporters in Caspian markets. The Head of Trade Promotion Organization of Iran (TPOI) Valiollah Afkhami inked a memorandum of understanding (MOU) on Friday w
