Saudi Arabian authorities have earmarked a USD 30 billion investment for development of the country’s port infrastructure and shipping sector. The investment forms part of a USD 100 billion strategy aimed at bolstering transport and logistics in the country by 2020 as need for larger and ever more c
Although levels of unscheduled downtime have dropped, some 74 % of port owners and operators are experiencing unscheduled downtime, as indicated in Trelleborg’s latest Barometer Report. The report shows that port owners and operators still aren’t placing the necessary importance on placing whole lif
The International Maritime Organisation (IMO) is developing additional measures to reduce CO2 emissions from shipping, and the UN Climate Conference in Lima (December 1-12 ) needs to maintain its support for IMO as the principal forum for addressing emissions from maritime transport, which cannot be
The military sealift command dry cargo and ammunition ship USNS Charles Drew (T-AKE-10) sends a fueling line to the Arleigh Burke-Class guided-missile destroyer USS Mitscher (DDG 57) during a replenishment-at-sea in Arabian Gulf. Mitscher is deployed supporting maritime security operations and theat
In the future, loaded containers must not be taken on board a ship until their weight has been determined.
Mainlane container trade volumes are expected to grow by 8% on the peak leg Far East-Europe route and by 6% on the peak leg Transpacific route in full year 2014, according to London-based shipbroker Clarksons. Stricken by global financial crisis, the global container volumes plunged in 2009, trying
BIMCO has supported a report identifying ways to reduce red tape for shipping which will be presented to the International Maritime Organization (IMO) next week in London. The report comes from the Ad Hoc Steering Group for Reducing Administrative Requirements (SG-RAR), set up by the IMO in 2012, an
Eight sailors who abandoned their sinking ship have been rescued from the Gulf of Aden following a 30 hour search involving two international organisations and six nations. New Zealand-led Combined Task Force-151 (CTF-151), a Combined Maritime Forces (CMF) task group based in Bahrain coordinated a s
Worldscale rates for VLCCs on the East of Suez routes have reached more than nine-month highs, Platts cited market participants as saying Thursday, November 27. The peak has been attributed to strong demand to move crude in the winter season, tight supply as charterers combine smaller cargoes and bu
On October 18 the Egypt’s Suez Canal Authority, awarded the contract for the New Suez Canal to an international consortium consisting of National Marine Dredging Company (NMDC) as the lead partner, and Boskalis, Van Oord and Jan De Nul. The NMDC was awarded the 35km new parallel channel with a dredg
Maritime traffic on the world’s oceans has increased 300 per cent over the past 20 years, according to a new study by the American Geophysical Union (AGU) aimed at quantifying global ship traffic. The research used satellite data to estimate the number of vessels on the ocean every year between 1992
Fuel costs could be cut by as much as USD 1 million a year if current price levels stay put for ships that burn 24 tonnes of fuel per day while steaming, the Baltic and International Maritime Council (BIMCO) said. This would be applicable assuming a difference from the average of the first half of 2
Media pressure, and particularly the posting of unverified stories on social media, has become a significant factor in major maritime search and rescue (SAR) events, according to Bruce Reid, CEO of the International Maritime Rescue Federation (IMRF). Planning and preparation remain the key to dealin
DP World, Dubai, and Qingdao Port Group, China, have signed a Strategic Framework Agreement to enhance port cooperation. DP World and Qingdao Port Group are already joint venture partners and the agreement builds on the existing collaboration between the two marine terminal operators, focusing on en
