The Liberian Registry has entered into a partnership with U.S.-based consultancy EfficientShip Finance (ESF) to offer turnkey retrofit solutions for Liberian-flag ships. ESF will provide the financial capital needed for each project, and assume responsibility for technology performance and fuel vola
Container throughput at Oman’s SOHAR Port and Freezone grew 58 percent in 2014 mostly due to the relocation of commercial traffic from Muscat. The transfer from Muscat to SOHAR, around 300,000 TEU, was completed at end of August with a view of accommodating ever bigger vessels. While speaking about
The DEMDES (Demurrage/Despatch) represents the amount of money which has to be paid if a ship is loading or discharging slower or faster than foreseen. Usually the despatch money, which is paid by a shipowner, is half the amount of the demurrage, which is paid by a charterer. The term demurrage refe
The oil tanker United Kalavrvta, carrying 1 million barrels of Kurdish oil, is finally leaving US waters after Baghdad and the Kurds agreed to share the disputed oil revenue, Reuters reports. The tanker headed east on Tuesday across the Atlantic to Gibraltar, having spent six months idling off Texas
British multinational oil and gas company BG Group has appointed GAC to be the sole provider of hub agency services for the Reading-headquartered company’s Liquefied Natural Gas (LNG) fleet, as well as crude oil and Liquefied Propane Gas (LPG) shipments. The new five year contract took effect on Jan
The North Pacific route will surpass the North Atlantic as the world’s most busy trading corridor in terms of freight volume (in tonne-km), growing 100 percentage points faster than the North Atlantic, as shown in International Transport Forum’s (ITF) Transport Outlook 2015. According to the ITF’s f
Maritime operations company Dryad Maritime released the following infographic showing maritime crime figures for 2014. According to the said figures, two crew members were killed and over 35 crew members are reported to had been kidnapped in 2014. It is estimated that the total number of crew member
C. Steinweg Oman, operator of the multipurpose cargo terminal at SOHAR Port and Freezone, has received today a 100Mton lifting capacity Gottwald HMK 6407 crane. With the new arrival, delivered by SAL Heavy Lift, the terminal operator now boasts three mobile harbour cranes. The maximum single crane l
Oman’s fast expanding Sohar Port and Freezone is looking East to attract investment, in particular from China, as it works to raise its profile as a competitive gateway for global trade. The Chinese Ambassador to Oman, Yu Fulong, has voiced China’s readiness to explore cooperation opportunities with
Abu Dhabi Ports has implemented new port management software called ‘Master Terminal’ to enhance the general cargo operations at the United Arab Emirates’ ports by improving processing times and the range of customer service offerings. The new software, created by Jade Software, will replace Abu Dha
The International Maritime Organisation’s recommendation to its environment committee to agree on a definition of black carbon based on scientific consensus, after four years of debate, has been welcomed by environmental NGO Transport & Environment. Lack of agreement at sub-committee level had been
The EU General Court has annulled the EU sanctions against an Iranian bank and 40 shipping companies whose assets were frozen within restriction measures targeting Tehran’s nuclear program. Sanctions against Bank Tejarat have been scrapped as, according to the ruling, the EU failed to prove the bank
The World Shipping Council (WSC) called all parties involved in the international transportation of maritime containers to ensure that they are prepared to meet the new SOLAS regulatory requirement before the implementation date arrives. At the end of 2014, the International Maritime Organization (I
Israeli container shipping company ZIM has stopped its occasional, approximately monthly, sailings between North Europe and the Far East, DynaLiner reports. The sailings helped the Israeli carrier maintain a marginal presence in the market after it formally left nearly a year ago when the three vess
