The Gulf of Guinea proved to be one of the most dangerous piracy hotpots for mariners, according to maritime intelligence agency Dryad’s maritime crime figures for Quarter 1 (January to March) of 2015. Namely, kidnapping of crew for ransom remains the most significant threat to mariners in the regio
Maritime trade is under growing impact of the actions of the Houthi rebels in Yemen and the Saudi coalition response as ships entering Yemen face longer delays. “Ships have been entering Yemeni ports but face significant delays in getting permission from the coalition, additionally a thorough search
In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping, a growing sector currently lef
A small coastal tanker is hijacked by pirates in South East Asia every two weeks on average, a report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has revealed. South East Asia accounts for 55% of the world’s 54 piracy and armed robbery incidents since the sta
Natural gas carrier Qatar Gas Transport Company (Nakilat) disclosed an 8% higher year-on-year net profit in its interim financial statement for the three months ended March 31, 2015. The financial statement filed with Qatar Stock Exgange revealed a net profit of QR 222.4 million ( USD 69 million) in
The Chairman of the International Chamber of Shipping, Masamichi Morooka, warned about the dangers of regional maritime regulation being adopted by governments at variance to the global maritime Conventions adopted by IMO. Speaking before members of the Singapore Shipping Association today Morooka s
Liner shipping service reliability across the three core EastWest trades hit a five-month peak in March with an aggregate on-time performance of 64%, according to Drewry’s Carrier Performance Insight. The latest result represents an 8.5 percentage point gain over February and is the second best aver
The International Maritime Organisation’s (IMO) Legal Committee encouraged Member States to ratify and bring into force, as soon as possible, the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 2010 (2010 H
The number of first quarter global Very Large Crude Carrier (VLCC) fixtures has been increasing for more than five years and 2015 is no exception, a marine transportation consultancy McQuilling Services reports. Approximately 542 vessels (530 in 1Q 2014) were chartered in the first three months of t
The International Marine Contractors Association (IMCA) and the International Institute of Marine Surveying (IIMS) have announced the start date for the IIMS accredited vessel inspectors (AVIs) scheme, for CMID work on a worldwide basis as 1 June. The registration for IIMS AVIs starts at the beginni
Teekay Tankers, part of Teekay Group, operates a fleet of over 95 tankers, including aframax, long range (LR), medium range (MR), suezmax and very large crude carrier (VLCC) vessels. In this video, Chrisitian Waldegrave, Head of Research at Teekay, is offering insights into global tanker market for
At least three factors have substantially cut the fuel consumption of containerships: slow-steaming, the trend towards larger, more fuel-efficient ships and restrictions placed by governments on ships coming into the ports, Drewry Supply Chain Advisors report in this month’s Logistics Executive Brie
Uncertainties plaguing the oil and gas markets are deeply intertwined with global storage capacities which are believed to be facing shortages. “There are conflicting reports about whether there is a shortage of storage for oil,” Edwin Lammers, Executive Commercial Manager at SOHAR Port and Freezone
At least five merchant vessels loaded with food were anchored off Yemen unable to enter the country’s waters before being cleared by Saudi-led search teams, Reuters cited shipping data on Wednesday. The security situation in Yemen has deteriorated further with increasingly widespread armed conflicts
