Drewry’s latest Tanker Insight saw the Tanker Earnings Index jump by 69% as activity surged, lifting freight rates across all vessel segments. Chartering activity in the dirty tanker market remained buoyant as 77.9 million tonnes of crude were fixed for shipment, comfortably up on the 65.9 million t
Maersk Line will now add Busan, South Korea, to the schedule of the Asia-Europe (AE10 service). South Korea’s Busan Port is one of the world’s leading container hubs and expects rising volumes on the back of increasing trade from the region into North Europe and Russia. The service is a unique produ
Dubai Maritime City Authority (DMCA) recently conducted an evaluation meeting to analyze the results of the recent ship board fire drill conducted on ‘Serenade of the Seas’ a cruise ship currently berthed in Dubai’s Mina Rashid Cruise Terminal. The meeting saw extensive participation by representati
Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry, Chairman and Managing Director of Qatar Petroleum and Gulf International Services (GIS), inaugurated one of the most technologically advanced offshore drilling rigs to ever work in the State of Qatar. The inauguration ceremony took pla
The new mega container terminal now under construction at DP World flagship Jebel Ali Port has been a major attraction at Sea Asia 2013, the 3-day cornerstone event of Singapore’s Maritime Week, with visitors including Singapore’s Minister of Transport H.E. Lui Tuck Yew. DP World is participating in
The entry into force of the Maritime Labour Convention (MLC 2006) in August 2013 will for the first time set out regulations specifying the need to maintain high quality drinking water standards onboard ship which protect crew from waterborne health risks. In response, Wilhelmsen Ships Service (WSS)
The German navigation system manufacturer Raytheon Anschutz was awarded a contract for the supply of Integrated Bridge and Navigation Systems to four Offshore Patrol Vessels (OPV) for the Royal Navy of Oman. Under the contract, Raytheon Anschütz will equip Oman’s new Al-Ofouq class OPVs with a compl
After four years of co-operation Odfjell Tankers (Odfjell) and National Chemical Carriers (NCC) have agreed, effective 1 June 2013, to dissolve their pool of 40,000 to 45,000 dwt coated chemical tankers. 13 of the ships currently in the pool are owned by NCC, and five ships are owned and/or controll
Gulftainer, the world’s largest privately owned port management and logistics company, welcomed the Yang Ming YM Xiamen to Sharjah Container Terminal (SCT) yesterday for the first call of a brand new service. The YM Xiamen arrived for what will be scheduled weekly visits to SCT on the new Gulf feede
The Multipurpose sector faces a difficult couple of years, but its long-term prospects are good, according to Drewry Maritime Research’s latest Annual Multipurpose Shipping Market Review and Forecast report. Most owners of Multipurpose ships (MPVs) were fairly upbeat at the start of 2012 and, in spi
Report issued today at events in Singapore and London indicates strong growth for the maritime sector in the years up to 2030 and an even bigger role for China in the maritime world, as seaborne trade increases from 9 billion tonnes annually to between 19-24 billion tonnes. Lloyd’s Register, Qinetiq
The Comité Maritime International (CMI) – the international association for maritime lawyers – has joined forces with the International Chamber of Shipping (ICS) and the International Shipping Federation (ISF) – which represent the operators of over 80% of the world merchant fleet – to promote those
DP World announced today that it has successfully completed the largest dredging programme at its flagship Jebel Ali Port in 10 years, allowing the port to handle more big vessels at the same time by deepening the draught. The dredging added to the expansion work currently underway, adding 1 million
Abu Dhabi Ports Company (ADPC), the port authority for Abu Dhabi’s non-oil commercial and community ports, has announced that its Ports Training Centre will broaden its training course offering, in 2013, as it seeks to become a regional training hub for port and maritime professionals. The ADPC Port
