This year will see the ninth edition of the International Offshore Patrol Vessels conference which gathers military and industry stakeholders from the Middle East, Latin America, Africa, Asia, Europe and North America at one place. The event will take place from 30th of September to 2nd of October,
Abu Dhabi Terminals (ADT) has announced that Khalifa Port ranked fifth in Journal of Commerce’s 2013 Europe Middle East and Africa Port Productivity list. The Journal of Commerce, an independent research firm that focuses on global trade topics, measured the number of container moves per-vessel, per
A global decline in performance of shipping lines has been recorded in July for the first time since February, according to SeaIntel’s latest Global Liner Performance report. The drop amounts to almost four percentage points from 75.6% in June to 71.6%, the report shows. Shipping giants Maersk Line,
The crew of Evelyn Maersk, a container ship en route from Suez to Algeciras, participated on Saturday, August 30, in a search and rescue operation launched in an effort to find a fishing boat sinking off Sicily, carrying hundreds of immigrants on board, Seanews reports. One of the Mediterranean’s RC
The tanker United Kalavrvta (formerly SCF BYRRANGA) carrying one million barrels of Kurdish oil, which disappeared from satellite tracking, has reappeared on Monday, however the tanker hasn’t unloaded its cargo, according to Reuters. The ship, which got cleared for unloading of one million of barrel
Growing concerns about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. The Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling, are working together to investigate perception
Despite weak freight rates so far this year, dry bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities rises, according to the Dry Bulk Forecaster report published by shipping consultancy Drewry. Freight rates have been depressed due to a continuing overs
Global marine terminal operator DP World has recorded strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the company before separately disclosed items of $332 million, 40.8% ahead of the first half of
The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, rating agency Fitch Ratings said. In this environment, master limited partnerships (MLPs) may provide additional financial
By 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar, UK-based consultancy group Wood Mackenzie asserts. The supply capacity of Malaysia’s PETRONAS is growing through new capacity additions in eastern Malaysia as well as Canada,
A U.S. Coast Guard vessel operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, the U.S. Department of Defence said.
BSR’s Clean Cargo Working Group (CCWG) said in its latest annual CO2 emission performance data for the container shipping industry that on an average, its member carriers have reduced CO2 emissions per container transported in 2013 by 7.7%. 7.7% reduction of CO2 emissions per container in 2013 Cle
Sohar Port and Freezone’s main independent supplier of bunkering services has expanded its offshore refuelling operations for ships calling at the Omani port, with the addition of a 6,000 megaton barge to its fleet. Omanoil Matrix Marine Services LLC, a joint venture between Germany’s Matrix Marine
Oman’s Port of Salalah has enhanced its berth productivity levels becoming ranked as the 15th port on global level, thus matching top container ports in the world, according to the independent research firm Journal of Commerce (JOC) which has produced the 2013 Port Productivity report for the second
