Fuel saving measures aimed at boosting efficiency can have a negative effect on the lashing forces on the containers, according to recent findings from the audits conducted by BMT on more than one hundred container vessels last year. Fuel efficiency monitoring and analyses of the ship’s performance
Dubai-based DP World Limited and its wholly owned subsidiary DP World FZE have closed the previously approved acquisition of Economic Zones World FZE shares from Port and Free Zone World FZE. Economic Zones World’s key asset is the Jebel Ali Free Zone, which is one of the largest free zones in the G
International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector. Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wide
Oman’s SOHAR Port and Freezone is planning to capitalise on the economic slowdown in China by focusing on the opportunities that are being created in booming regional markets. Namely, a delegation from the port is to attend Asia’s largest breakbulk and project cargo conference and exhibition, Breakb
Viking Shiptech Introduces 80 Knot Ships Norwegian company Viking Shiptech has developed a new patent pending shipping technology, which is expected to bring in considerable environmental benefits…. Read more VIDEO: One Ship Moved, Houston Channel Remains Partially Closed The bulk carrier Conti Peri
The Turkish Coast Guard fired shots at a rogue cargo vessel in the Dardanelles Strait Thursday evening, after the ship ignored the calls to stop off the Gallipoli peninsula and tried to escape, the local Hurriet Daily News reports. The Coast Guard suspended the traffic in the Strait and went in purs
The agony in the dry bulk sector is yet to be prolonged as forecasts for the dry bulk freight rates remain within the same levels. However, according to BIMCO, there are signs of stronger volumes for the second quarter of 2015 which are likely to support the freight market. BIMCO forecasts that the
Singapore-based port operator PSA International marked an increase in both annual container volumes and revenue, but saw a dip in net profit in 2014, the year which the operator’s CEO Tan Chong Meng described as ”business unusual.” PSA International handled 65.44 million Twenty-foot Equivalent Units
Switzerland-based Mediterranean Shipping Company (MSC), world’s second largest seaborne containerised cargo carrier, has added a direct Piraeus call to its new Australia-Mediterranean service, starting March 23 from Sydney. The Australia Express will be the only service providing a direct call into
The IMO has launched a Study on the implementation of the ballast water performance standard described in regulation D-2 of the BWM Convention. The Study will assess the implementation of the Guidelines for approval of ballast water management systems (G8) and related type approval processes, as wel
Several tankers are waiting offshore port of Ceyhan in Southern Turkey amid closure of Kirkuk-Ceyhan oil pipeline, Reuters reported sources as saying. Pumping of oil along Iraqi Kurdistan’s pipeline has been suspended since Monday as repairs were required at one section of the pipeline, which was da
Following the ”Joint Statement on Protection at Sea in the Twenty-First Century,’‘ several United Nations agencies have agreed to establish a mechanism to enhance existing inter-agency communication with respect to the maritime aspects of mixed migration by sea. The intention is that the mechanism w
Chemical tanker shipping faces another challenging year of falling freight rates in 2015 but the trade is expected to recover next year, according to Drewry’s latest edition of the Chemical Forecaster. Seaborne trade in chemicals and associated products fell by 1.2% in volume terms in 2014. Drewry a
The Iranian Navy foiled a pirate attack targeting a Filipino-flagged cargo ship on Sunday, March 8th while the ship was sailing in the Sea of Oman. Panama-Gade’s crew requested assistance from the Iranian Navy’s 33rd flotilla having been approached by an armed group of pirates in motorboats. The shi
