The National Transportation Safety Board has released “Safer Seas 2013: Lessons Learned From Marine Accident Investigations,” a compilation of accident investigations that were published in 2013, organized by vessel type with links to the more detailed accident reports. The introductory message from
In advance of a critical intergovernmental meeting next month at the UN International Maritime Organization (IMO), the International Chamber of Shipping (ICS) has called on IMO Member States to give careful consideration to shipowners’ concerns about the implementation of an avalanche of new environ
The prospect of higher US interest rates is set to drive increased port assets acquisition and refinancing over the next 12 months, according to Drewry Maritime Advisors, the port consultancy division of Drewry. US Federal funds target rate is projected to increase from its all-time low of 0.25% wit
In the last four years the traffic of heroin destined to Europe and North Africa has shifted dramatically from the northern routes to the southern maritime routes. Naval forces belonging to the Combined Maritime Forces (CMF) – a coalition of 30 states headquartered in Bahrain – have seized more than
Jebel Ali has made it into the latest Top 10 list of the world’s largest ports as the only port outside the Far East. DP World Chairman HE Sultan Ahmed bin Sulayem credits the achievement to Dubai’s visionary leadership in creating the infrastructure and the business environment to drive continuous
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released on Tuesday by the U.S. Energy Information Administration (EIA). “The gro
A new shipping alliance has been formed between three boxship giants, as confirmed by the CMA CGM Group, which has signed three major agreements with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC), forming what will be known as the Ocean Three. The alliance is formed o
The National Shipping Company of Saudi Arabia (Bahri) has acquired six vessels from the Vela fleet with the latest VLCC transferred to Bahri’s ownership that took place on Monday 8 September 2014. The latest fleet addition is former Pisces Star, now renamed to Hilwah. Bahri said it would notify the
Malta-based Migrant Offshore Aid Station (MOAS) provided several hours of assistance to Italy’s Maritime Rescue Coordination Centre (MRCC) yesterday, conducting the rescue of approximately 700 migrants, Malta Today reports. Migrants, mostly Syrian, Palestinians, and Eritreans, among them a two-day o
Volumes of handled cargo at container ports are expected to accelerate considerably on annual level, according to UK-based shipping consultants Drewry. 840m TEU% estimated container volume growth by 2018 By 2018, the world’s container ports are forecast to handle more than 840 million teu a year, wh
Energy plays a major role in the shipping business, accounting for 43% of the cargo moved in 2013 – 4.3 billion tonnes. Oil is still the big dog, with 2.8 billion tonnes of cargo and the coal trade has now reached 1.2 billion tonnes. Which leaves gas as the junior partner in the energy […]
An average of 25 vessels per month are fixed from the Caribbean to Asia so far in 2014, not only to China, but increasingly also to India. Currently, long-haul Caribbean exports to Asia, especially from Venezuela, are booming, says Poten & Partners in their latest Poten Tanker Opinion. Through vario
TASNEEF, the first national classification society in UAE, has signed a Memorandum of Understanding with Drydocks World and Dubai Maritime City (DMC), aimed at providing classification services to the world’s first LNG-powered harbor tug carrying the trade mark “Elemarateyah”. The tug will have a du
The International Maritime Organization (IMO) has joined the international ad hoc Ebola Travel and Transport Task Force and is working with other United Nations agencies and non-governmental organizations to monitor the situation and provide timely information in response to the outbreak of the dise
