Containership reliability declined for the second month in a row in December, according to Drewry’s enhanced Carrier Performance Insight. The latest data shows that the aggregate on-time performance for the Asia-Europe, Transpacific and Transatlantic trades dropped to 58% in December, down from 62%
The International Maritime Organization (IMO) has issued the updated and revised Rescue at Sea guide intended for the rescue of refugees and migrants. The guide has been prepared jointly by the International Maritime Organization (IMO), the International Chamber of Shipping (ICS), and the Office of
Attacks against small tankers off South East Asia’s coasts caused a rise in global ship hijackings, up to 21 in 2014 from 12 in 2013, despite piracy at sea falling to its lowest level in eight years, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has revealed. Pirate
Two chemical tankers and two dry bulk carriers have joined Navig8 Group’s shipping pools in January. The 2008-built, 13,946 cbm chemical tanker Ocean Cerise joined the Taras8 Pool on January 16, while the 2015-built, 44,301 cbm Ardmore Dauntless entered the Delta8 pool on January 12. The Supra8 pool
Strong westbound growth for both Middle East and Indian Subcontinent regions is helping to offset oversupply, UK shipping consultant Drewry said. Container shipments from Asia to the Middle East and Indian Subcontinent started the fourth-quarter in brisk fashion with year-on-year growth of 4.8%, acc
Oil trading companies have chartered around fifteen supertankers in January, possibly to take advantage of slumping oil prices and store crude for future sale, Platts reports. The chartered supertankers have the storage capacity of around 30 million barrels. These very large and ultra large crude ca
Half-way into this decade and the downward trend in oil spills from tankers is sustained reaching a five-year low, according to the International Tanker Owners Pollution Federation Limited (ITOPF). For the last two and a half decades the average number of incidents involving oil spills from tankers
Qatargas has delivered the first LNG cargo under the long-term Sale and Purchase Agreement between Qatar Liquefied Gas Company Limited and PTT Public Company Ltd. to Thailand’s Map Ta Phut LNG receiving terminal. The cargo arrived aboard a Q-FLEX LNG vessel Al Ghariya on January 7. “Not only are we
The LNG industry celebrated its 50th birthday in 2014, but while the industry may have matured, Wood Mackenzie finds in its annual review that it’s still not short of surprises. Andrew Buckland, Principal Analyst – LNG Shipping for Wood Mackenzie says that a record number of new ship orders were pla
PSA Marine Qalhat SAOC (PSAMQ), a joint venture company formed between PSA Marine and Golden Dunes International, will commence towage operations for Oman LNG LLC (OLNG) in Sur, Oman on January 11, 2015. The contract will be for a period of 10 years. OLNG, a joint venture between the Omani Governmen
Two Iranian Navy vessels managed to repel a group of eight pirate skiffs that were approaching an Iranian product tanker in the Gulf of Aden, Iran’s FARS news agency informed. Having detected the threat the Navy opened fire on the skiffs some 120 km southeast of the city of Al-Mukalla, Yemen, causin
The International Organization for Migration (IOM) says the spectre of large, disposable crafts bearing hundreds of migrants across dangerous waters in the new year was borne out in terrifying fashion this past week as more than 1,000 migrants, most fleeing Syria, had to be rescued in the Mediterran
UAE-based terminal operator Gulftainer said it has surpassed 400,000 TEU milestone at Sharjah Container Terminal (SCT), UAE in annual throughput during 2014. SCT has recorded double-digit growth compared to last year’s volumes. Iain Rawlinson, Group Commercial Director of Gulftainer said that the pr
Container shipping profitability is expected to improve in 2015, despite record vessel deliveries, driven by lower unit costs, according to the latest edition of the Container Forecaster, published by shipping consultancy Drewry. The global fleet is expected to grow 7.2% in 2015, a faster pace than
