Yemen LNG, the operator of the country’s only export plant located in Balhaf, said it has stopped all production of the chilled gas as fighting approaches the facility.
Since 2012, industry progress has been driven by greater demand throughout shipping supply chains for transparency as well accelerating investments in alternatives to bunker fuel, the Sustainable Shipping Initiative (SSI) says in its report titled ‘Changing Context.’ The combined effect of greater c
The containership freight rate including ocean freight and surcharges, i.e. was quoted at USD 466 per TEU for the Shanghai to Europe trading lane on Friday April 10, 2015, hitting the lowest level on record since the 2009, according to BIMCO. The new all-time low point comes on the back of deteriora
Dutch bank Rabobank in March issued a report titled: “Offshore energy: Short-term dip, long-term rise” in which they provide an insight in the current market conditions and a forecast of what the future may hold for the global offshore oil and gas industry. Offshore Energy Today interviewed Richard
French oil company Total has reportedly withdrawn from its offshore exploration block in the Sultanate of Oman. According to Reuters, which quoted Omani energy ministry’s official, Total has decided to cease its exploration efforts in the Arab country’s waters due to disappointing results. The compa
The historical development of the efficiency of new ships shows that the fuel efficiency of newbuilds has actually deteriorated since 1990 by 10% on average, a study commissioned by Seas At Risk and Transport & Environment (T&E) reveals. The study finds that bulk carriers, tankers, and container shi
Yemen LNG, the operator of the country’s only export plant located in Balhaf, said it has stopped all production of the chilled gas as fighting approaches the facility. “Due to further degradation of the security situation in the vicinity of Balhaf, Yemen LNG has decided to stop all LNG producing an
Yemen LNG, the operator of the country’s only export plant located in Balhaf, said it has stopped all production of the chilled gas as fighting approaches the facility. “Due to further degradation of the security situation in the vicinity of Balhaf, Yemen LNG has decided to stop all LNG producing an
The Nairobi International Convention on the Removal of Wrecks enters into force on Tuesday, April 14, 2015, the International Maritime Organisation (IMO) reports. The Nairobi convention places strict liability on owners for locating, marking and removing wrecks deemed to be a hazard and makes state
Navigation in Yemen’s territorial waters has been banned and ships are not allowed into Yemen unless inspected and approval by the Saudi-led coalition forces, BIMCO said in an update. The ban started yesterday after the Yemen’s Ministry of Foreign Affairs delegated the coalition forces to implement
A majority of seafarers are content with life at sea, according to preliminary results of a new survey being carried out as part of the BIMCO/ICS Manpower Report 2015. The survey of seafarers is the first of the targeted surveys for this year’s report. More than 500 seafarers have already responded
A rapidly appreciating US dollar is helping exporters in some trading nations but not all, Drewry Maritime Research says. So, who is seeing the biggest lift to their export competitiveness, and who cannot keep up the pace? The US dollar is currently in hyper drive, appreciating at its fastest rate i
Abdullah Al Sulaiti, Managing Director of Nakilat, has been honoured as one of the Gulf’s top CEOs at the an awards ceremony in Dubai.
Abdullah Al Sulaiti, Managing Director of Nakilat, has been honoured as one of the Gulf’s top CEOs at the an awards ceremony in Dubai.
