Abu Dhabi Terminals (ADT), manager and operator of Khalifa Port Container Terminal, has handled 2 million TEU (20-foot-equivalent units) since the opening of Khalifa Port on December 12, 2012. The 2 million TEU mark surpasses the initial target and represents a 20% year-on-year increase in container
Carriers will need to provide transparent cost calculations to exporters and importers to justify the cost surcharges which they have announced from January 2015, according to Drewry Shipping Consultants. Carriers do face additional costs to meet the tighter pollution rules Drewry says, but may have
DP World Limited handled 44.8 million TEUs (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9.0%. On a reported basis gross container volumes grew by 10.1% with new volume at London Gateway
In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has almost exceeded last year’s total already, with a reported USD 19 billion having changed hands, according to Clarksons. “Due to a growing sense of optimism that market conditions would ev
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by international accountant and shipping consultant Moore Stephens reveals. The survey is based on responses from key players in the international shipping industry, predominantly shipowners
The National Shipping Company of Saudi Arabia (Bahri) recorded a SAR 84.8 million (USD 22.4 million) net profit in the third quarter of 2014, 49.9 pct lower than in the same period last year, Bahri’s interim financial results ending on 30th of September show. Bahri’s net profit stands currently at S
The MS Rotterdam is the first cruise ship to call on Abu Dhabi Ports Company’s (ADPC) Zayed Port in the new season which will see 93 ships and 220,000 passengers visit Abu Dhabi. Gary Lemke, EVP Ports, said: “This year we have more exciting cruise developments than ever before – work is underway on
Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. (JOVO), an independent LNG importer from the People’s Republic of China. The 64,000 cubic meter cargo was sold on a free-on-board basis and loaded on to the vessel LNG Lerici at Ras Laffan p
Failure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim, according to the London P&I Club. The club said that there have been instances where masters have failed to perform the steps required to preserve VDR data, or
IMO’s Marine Environment Protection Committee (MEPC) approved the Third IMO GHG Study 2014 providing updated estimates for greenhouse gas emissions from ships at its 67th session from 13 to 17 October 2014, at IMO Headquarters in London. The Third IMO GHG Study 2014 estimates that international ship
APM Terminals has issued a statement that disputes The International Transport Workers’ Federation (ITF) press release on Aqaba which describes how Jordanian employees within the General Union of Port Workers (GUPW) went on strike last week over contract changes and the company’s failure to negotiat
The ‘Meeting of Experts on Maritime Occupational Safety and Health’ held in Geneva, October 13-17, resulted in a set of guidelines to assist governments to implement occupational safety and health provisions previously set down in the Maritime Labour Convention, 2006 (MLC, 2006). Intended to provide
DP World has today welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility. The first vessel to call at the port was ‘APL Phoenix’. “We are proud to welcome the APL Phoenix to Terminal 3 as [&
If a ship’s crew doesn’t receive enough rest while trying to keep up with a ship’s schedule, there should be a regulatory framework under which the ship could be considered unmanned or unseaworthy, Law firm Clyde and Co claims. However, there have been no reported judgments to form a precedent in or
