The Secretary General of the Global Shippers’ Forum, Chris Welsh, outlined the need for transparency of carbon emissions and interventions while speaking at the 4th Shipping and Offshore Corporate and Social Responsibility Forum Tuesday. According to Welsh, transparency is essential in order for shi
Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle East. At its fifth annual safety and competence conference (OSCC 2014) in Abu Dhabi today (4 November 2014), OPITO called for more effective leadership
Iran’s gas recovery from South Pars gas field could reach 16 bcf/d in March 2015.
Since over 90% of the entire World’s trade occurs by the sea, it is important for its entirety to be carefully preserved in order to ensure that successful trade is not threatened. Numerous developments were made in these laws that established power over things like general security and trading prac
The tanker fleet has phased out quite rapidly, according to the latest Clarksons’ review on demolition of ships. Different trends have been recorded over the recent period that saw various types of ships retired and scrapped at different ages, with some ship reaching up to 30 years of service. Howev
Human influence on the climate system has seen the sea rise and the concentration of carbon dioxide increase to an unprecedented level, UN’s Climate Change Synthesis Report for 2014 finds. The Synthesis Report distils and integrates the findings of the the Intergovernmental Panel on Climate Change (
One of the world’s largest vessels set to leave Asia for Europe, Azeri rig incident, Offshore Energy in pictures, Job cuts in Norway, Offshore discovery in Gulf of Mexico…. ‘Pieter Schelte’ to leave S. Korea within days, Allseas President says The vessel is expected to arrive in Rotterdam, the N
Growth across major trade lanes is expected to reach 5.5% in 2015, according to Drewry’s Outlook for Container Shipping Webinar presentation held on Thursday. Drewry’s data estimate that average rates will decline by 3-4% globally next year, stressing the need for operators to cut costs. The freight
Malta-based Migrant Offshore Aid Station (MOAS) has helped save almost 3,000 lives in the Mediterranean Sea during its 60-day mission which comes to an end today, October 31. Just this week, under the direction of Italy’s Rescue Coordination Centre, the MOAS crew rescued 331 people from two boats in
The rescue of all persons in distress at sea – including illegal migrants – is an obligation under international maritime law, as well as being a long established humanitarian duty, says the International Chamber of Shipping (ICS). ICS said that its member commercial ship operators are involved on a
Despite IMO’s recommendation to keep maritime business as usual in Ebola-affected areas players from the global shipping industry have already adopted a different approach in dealing with vessels that have called in the region. Countries from Europe, the US, Latin America and Asia have introduced he
The U.K. Government has decided to end British support for search-and-rescue operations for migrants in danger of drowning in the Mediterranean, in what The Guardian described as a ”quiet announcement”. Mare Nostrum, the Italian-funded search and rescue operation focused on helping people whose boat
The Society for Gas as a Marine Fuel (SGMF) was formally launched by Minister LuiTuck Yew on 15th October in conjunction with the Singapore International Bunkering Conference and Exhibition. According to SGMF’s website, its main goal is to promote safety and industry best practice in the use of liqu
In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has almost exceeded last year’s total already, with a reported USD 19 billion having changed hands, according to Clarksons. “Due to a growing sense of optimism that market conditions would ev
