As 2015 nears, many of us look towards the future with plans to improve our lives: perhaps you’ll pledge to join a gym, find a more lucrative job, or see more of the world. For mariners, the New-Year’s resolution may involve broadening horizons or exploring seas you’ve never sailed before. If this i
United Nations’ International Maritime Organization (IMO) has launched a number of initiatives for eliminating paperwork and reducing the administrative burdens imposed on global shipping. The aim is to make it easier for seafarers, shipowners and maritime administrations to meet the regulations and
Qatargas took part in the IPTC in Kuala Lumpur presenting several papers on a variety of subjects.
Nordic Maritime, an offshore service operator, has announced its MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five-year charter for the DP2 IMR Subsea vessel
An article about SBM Offshore laying off 1200 workers was the most read news story of the week. You have also read about a new report commissioned by Oil & Gas UK stating that the UK offshore oil & gas industry will hire 12.000 new workers over the next five years, ConocoPhillips slashing its 2015 c
The number of idling ships in the container shipping sector has been reduced to almost zero. However, a question arises on what will be the next step on the supply side for container shipping, according to BIMCO. As the remaining issue in the sector are poor earnings with charter markets at record l
The outlook for 2015 looks a bit dull on the demand side for dry bulk shipping, whereas the supply side seems to provide the same amount of new capacity as in 2014, BIMCO forecasts. As explained, such a development will not improve the fundamental market balance and Supramaxes in particular seem to
World’s second largest provider of oilfield services, Halliburton, will let a thousand workers go, according to reports. The layoffs will affect workers in Europe, Asia, Africa and Middle East, while there will be no workforce cuts in America. Reportedly, Halliburton spokesperson told AFP that the j
The International Maritime Organization (IMO) has together with other UN agencies called for concerted action from the international community to address the issue of loss of life, injury, trauma and serious human rights violations affecting migrants, asylum-seekers and refugees traveling by sea. In
Thousands of people embark on life-threatening journeys in an attempt to find asylum in more developed countries, mainly Europe, in craft that are neither fit for purpose nor seaworthy. Almost 100,000 boat people have made the dangerous journey across the Mediterranean to Europe this year, a roughly
Nakilat’s fleet director Samir Bailouni spoke about alternative shipping industry fuels at an event in Dubai.
Worldscale rates for hiring VLCCs to haul crude from the Middle East to Far East Asia hit a nine-month high Tuesday, December 9, Platts writes citing shipping sources. The record level of hiring rates has been attributed to strong resistance from owners and fall in the availability of tonnage for De
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released yesterday by ExxonMobil. As demand increases, the world will continue t
Gulf Marine Services, a provider of advanced self-propelled self-elevating support vessels (SESV) has won the first contract for its new Mid-Size Class vessel GMS Shamal. The vessel is currently being built at GMS’ quayside facility in Abu Dhabi and is on schedule to be completed in Q2 2015 when it
