Abu Dhabi Ports Company (ADPC) said it was transferring all of its Roll-On and Roll-Off (RORO) cargo, such as cars and trucks, from Zayed Port to Khalifa Port. The move comes as a result of Abu Dhabi’s growing vehicle import and export business and will be effective from 1 January 2015. Khalifa Port
DP World Limited (DP World) and its wholly owned subsidiary, DP World FZE, have entered into an agreement on the proposed acquisition of Economic Zones World FZE (EZW) for a total cash consideration of USD 2.6 billion. EZW is a provider of industrial and logistics infrastructure, which comprises fiv
Maersk Line remains the most reliable carrier in the third quarter of 2014 despite a global schedule industry-wide reliability dip, the latest report on global liner performance by maritime analyst SeaIntel shows. Maersk Line posted a score of 83.9%, compared to 85.7% in the previous quarter. Schedu
The ICC International Maritime Bureau (IMB) has flagged-up an unusual attempted fraud involving a container’s weight and size. The incident concerned a container of aluminium scrap in which the information outside the box was tampered with to show false weight and size. An IMB member highlighted the
Lloyd’s Register Energy has launched new offshore collision guidance notes for the marine and energy industries to assist owners, operators, and designers of offshore units with identifying potential collision scenarios, assessing the relative risks and conducting numerical analysis, establishing re
BIMCO’s Standard Bunker Contract 2015 was approved for publication at the organisation’s bi-annual Documentary Committee meeting held in Copenhagen on 7 November, BIMCO said. The objective of the new BIMCO bunker terms, as explained by the organization, is to provide carefully thought through terms
UK-based indemnity insurer ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business. According to ITIC, the use of such agreements has always been common when parties are considering doing business but need to pro
There has been a significant change in fortunes for struggling long range (LR) tankers in recent months, according to UK-based shipbroker and consultant Gibson. The second quarter figures indicate a switch from the first half’s spot earnings of USD 11,000/day, in which both LR2 and LR1 earnings in t
Yemen’s Port of Aden welcomed its first containership in nearly five years on Sunday, November 9. Evergreen Shipping Line’s 8,452 TEU Ever Logic berthed at ACT to discharge transit containers to neighboring ports. This visit is considered the beginning of the process to return container transshipmen
It is unacceptable to hit European businesses with the new so-called congestion surcharges, the European Shippers’ Council (ESC) says in a statement. Seeing no reason to impose these congestion surcharges, the ESC urges ship owners to minimize surcharges and bring all costs into a single negotiable
The trend towards more Asia-US East Coast container services via the Suez Canal route and fewer via the traditional Panama Canal route is accelerating, as reported by UK-based shipping consultant Drewry. Based on Drewry’s proprietary database of container services, another 2 Panama weekly services b
One worker died and another is missing after an offshore unit of Azerbaijan’s State Oil Company (SOCAR) collapsed in the Caspian Sea off Azerbaijan on November 6th, the company said in a release. Five workers were dispatched on scene to the Unit No.307 to shut down gas supply battery and prevent a f
All operations have been stopped at Libya’s Benghazi port due to military operations of the Libyan army against Islamist opposing forces in the area. “All ship movements and discharging of imports have been stopped,” Reuters cited an official as saying. Libyans residing near the port district have b
The Secretary General of the Global Shippers’ Forum, Chris Welsh, outlined the need for transparency of carbon emissions and interventions while speaking at the 4th Shipping and Offshore Corporate and Social Responsibility Forum Tuesday. According to Welsh, transparency is essential in order for shi
