As alleged by Bloomberg, Shipping Corporation of India (SCI) is terminating its joint-venture with the Islamic Republic of Iran Shipping Lines anent intensification of sanctions against Iran, which have hampered the company’s business operations. Even though details of the separation still haven’t b
Calmer waters seem to be on the horizon as the threat from Somali pirates is withering, NATO’s counter-piracy commander said, warning that the international forces shouldn’t lower their guard before the threat is completely removed. Speaking in figures, in the first half of 2012 the number of Somali
Aqaba Container Terminal (ACT), the world’s gateway to Jordan and the Levant region received the 2011 Social Security Excellence Award for Occupational Health and Safety, which is the only safety award of its kind to be offered to companies in Jordan by the Social Security Corporation. This recognit
The International Chamber of Shipping (ICS), whose 36 member national shipowners’ associations represent all sectors and trades and more than 80% of the world merchant fleet, has called on the International Maritime Organization (IMO) to accelerate a critical study into the global availability of lo
In a milestone highlighting the intensive and full scale tests being carried out before the September 1st launch of Khalifa Port, the only semi-automated container terminal in the region, Abu Dhabi Ports Company (ADPC) and its port operator Abu Dhabi Terminals (ADT), have announced the historic arri
Dubai Maritime City (DMC), the world class maritime cluster built to further maritime activity in the Middle East, saw an increase in business and commercial activity in 2012. The City’s Industrial Precinct has tailor-made solutions for maritime industrial, commercial and trading companies and offer
The Flying Angel, the first purpose built seafarers support vessel in the world, is gaining more prominence as donations keep coming in from various companies that recognize its importance. One of the companies that recognized the potential of the Flying Angel is Smit Lamnalco, provider of safe and
Tanker industry is facing tumultuous tides as the oil traders are backing out of the market, causing reduction of chartering demand and thus inflicting considerable losses. As reported by Bloomberg, the biggest oil-tankers are experiencing 17-month low due to Chinese economic setback for a sixth qua
Minister of Defence Hillen is making it cheaper for shipping companies to deploy marines on board merchant ships passing through waters off the coast of Somalia. These military personnel protect vulnerable vessels from pirates in Vessel Protection Detachments (VPDs). The Dutch shippers’ organisation
On Wednesday, United Against Nuclear Iran (UANI) called on the Korean Register of Shipping (KR) to comply with new U.S. sanctions against the National Iranian Tanker Company (NITC), and stop certifying NITC ships and other Iranian vessels. Last week, the U.S. Treasury Department announced new sancti
Nico International has been certified by Germanischer Lloyd (GL) for offering vibration monitoring and diagnostics services applied to machinery onboard GL-classed vessels. Using a certified vibration monitoring service supplier allows shipping firms to streamline the documentation of the procedures
An embarked security team aboard a U.S. Navy vessel fired upon a small motor vessel after it disregarded warnings and rapidly approached the U.S. ship near Jebel Ali, United Arab Emirates yesterday. In accordance with Navy force protection procedures, the sailors on the USNS Rappahannock (T-AO 204)
After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China b
Abu Dhabi Ports Company (ADPC) and Parsons International Limited have signed a consultancy contract for the first phase development of Marfa Port, Abu Dhabi. Following directions from the Abu Dhabi Government, ADPC tendered a contract for specialised consultants to develop Marfa Port. Parsons was se
