There are many sea ice properties that can affect an offshore vessel’s navigation performance in sea ice. The most obvious is the thickness of the ice but other properties, such as hardness, are also important. In the following excerpt taken from OCIMF latest report on Offshore Vessel Operations in
The image shows Princess Cruises’ MS Royal Princess steaming her way to the next adventure as the sunset-lit sky embraces the sea. The ship was built in 2013 by Fincantieri at their shipyard in Monfalcone, Italy. [mappress] World Maritime News Staff, September 18, 2014; Image: Princess Cruises F
Oman Drydock Company (ODC) has completed its first major LNG repair and maintenance project since being awarded the coveted Gaztransport & Technigaz (GTT) licence in June. Middle-East based ODC has just completed work on the Ibra LNG, owned by Oman Shipping Company (OSC), one of the biggest shipping
A weekly Energy Market Recap by NYC-based PIRA Energy Group reports that Asian oil balances will for now remain long, with the U.S., product stock build outpacing crude draw, thus widening commercial stock excess; and Japan’s both crude and finished product stocks rising. Oil prices in Asia are like
The majority of ships in the global tanker fleet have yet to adopt ECDIS, according to data published for the first time by the United Kingdom Hydrographic Office (UKHO). The SOLAS regulations on the mandatory carriage of ECDIS will come into force from July 1, 2015 for all tankers over 3,000 gross
The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straits and channels, T. Mason Hamilton of U.S. Energy Information Association explai
The area of sea ice in the Arctic fell to a summer minimum of around 5.0 million square kilometres this year, which is about 1.6 million square kilometres more than the record low in 2012. However, according to sea ice physicist Marcel Nicolaus from the Alfred Wegener Institute (AWI) and Lars Kalesc
Amid growing security issues spurred by the crisis in Libya, U.A.E. port authorities issued instructions to cease loading containers for export and transshipment bound for Libyan ports, effective immediately, Danish-headquartered shipping company Safmarine said. “As advised by the port authorities,
An estimated 11.2 billion tonnes of solid waste is collected worldwide every year and its degeneration contributes to about five per cent of global greenhouse gas (GHG) emissions. DP World and Hutchison Port Holdings Limited (HPH) have joined forces to combat global warming in a Waste Reduction Camp
The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the globe, has revealed the most optimistic outlook on investment since the annual industry survey began in 2010. 93% of port owners and operators are expecting capital expenditure budgets to
The global dowturn in contracting activity has seen various fluctuations in the newbuilding tonnage delivered together with variations in the number of yards delivering ships (1,000 GT and above), according to the latest report on shipbuilding issued by London-based Clarksons. “In 2005, 334 yards de
The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 20% in August and stood at 152, according to the Shipping Insight report published by shipping consultancy Drewry. The index was held back by weaker tanker and LPG charter rates, but overall earnings would have fallen f
Unmanned Vessels to Take Over Our Seas? Researchers at Norwegian Marine Technology Research Institute (MARINTEK) believe that in ten to twenty years time there will be 200 metre cargo vessels plying the oceans without the need of a captain or crew.…Read more Limited Data Put Svendborg Maersk in Dire
The IEA Oil Market Report (OMR) for September trimmed global oil demand growth for 2014 and 2015 to 0.9 million barrels per day (mb/d) and 1.2 mb/d, respectively, because of a pronounced slowdown in demand growth in the second quarter of this year, and a weaker outlook for Europe and China. Demand i
