Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. Th
The National Shipping Company of Saudi Arabia (Bahri) announced today that its Board has approved the purchase of two second hand Very Large Crude Carriers (VLCC), Blue Topaz and Blue Pearl. The contract is worth a total of USD 157 million. The VLCC duo was built in 2010 at Daewoo Shipbuilding & Mar
The National Shipping Company of Saudi Arabia (Bahri) announced today that its Board has approved the purchase of two second hand Very Large Crude Carriers (VLCC), Blue Topaz and Blue Pearl. The contract is worth a total of USD 157 million. The VLCC duo was built in 2010 at Daewoo Shipbuilding & Mar
Maersk Signs LOI to Boost Cargo Flows in Eastern Indonesia Danish shipping trade and energy conglomerate Maersk Group has signed a Letter of Intent LOI with Indonesia’s Coordinating Ministries for Maritime Affairs and Ec… Read More Tanker Ablaze after Engine Room Blast off Denmark Liberiaflagged oil
Maersk Signs LOI to Boost Cargo Flows in Eastern Indonesia Danish shipping trade and energy conglomerate Maersk Group has signed a Letter of Intent LOI with Indonesia’s Coordinating Ministries for Maritime Affairs and Ec… Read More Tanker Ablaze after Engine Room Blast off Denmark Liberiaflagged oil
The National Shipping Company of Saudi Arabia (Bahri) saw its net income rise to SAR 510.3 million (USD 136 million) in the third quarter of 2015 from SAR 84.8 million reported in the same period last year. The company’s gross profit reached SAR 611.2 million, a major increase when compared to the c
The National Shipping Company of Saudi Arabia (Bahri) saw its net income rise to SAR 510.3 million (USD 136 million) in the third quarter of 2015 from SAR 84.8 million reported in the same period last year. The company’s gross profit reached SAR 611.2 million, a major increase when compared to the c
Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Finnish ship designer Deltamarin, Greek dry bulk shipping specialist Arista Shipping, the Houston-based classification society American Bureau of Shipping (ABS), and French liquefied natural gas (LNG) membrane containment system designer GTT have teamed up on a project to equip dry bulk carriers of
Finnish ship designer Deltamarin, Greek dry bulk shipping specialist Arista Shipping, the Houston-based classification society American Bureau of Shipping (ABS), and French liquefied natural gas (LNG) membrane containment system designer GTT have teamed up on a project to equip dry bulk carriers of
Cammell Laird to Build USD 307 Million Research Ship The UK government has selected the domestic shipbuilder Cammell Laird Birkenhead as the preferred bidder to build a GBP 200 million USD 3072m polar research ship… Read More Wärtsilä: Ultra Slow the Way to Go Finnish engineering company Wrtsil has
Cammell Laird to Build USD 307 Million Research Ship The UK government has selected the domestic shipbuilder Cammell Laird Birkenhead as the preferred bidder to build a GBP 200 million USD 3072m polar research ship… Read More Wärtsilä: Ultra Slow the Way to Go Finnish engineering company Wrtsil has
With 658 exhibitors, 23,000 m2 of floor space, and visitors representing 86 nationalities, Offshore Energy Exhibition & Conference 2015 (OEEC) held in Amsterdam between October 13 and October 14 was not only a big success, the event also grew compared to last year, a remarkable achievement in this t
