The total capacity of containerships ordered so far this year has reached 1.04 million teu, or 60% more in capacity terms than what was ordered during the same period of 2014, shipping analyst Alphaliner said. The new wave of orders is focused mainly on ships of above 18,000 teu, with orders for 39
With the ever greater inflow of mega-ships in the global fleet it seems that the cost savings introduced by these behemoths have bottomed out as savings are decreasing and might not even be realized, a study about the impact of mega-ships on maritime transport. The study was published last week by t
Oman Drydock Company (ODC) has been awarded two multi-million dollar Oil Bulk Ore (OBO) to Very Large Crude Carrier (VLCC) conversion contracts by Greek ship owner Springfield Shipping, the company revealed at Nor Shipping 2015 in Oslo. The contracts will see ODC convert the recently bought 319,869
The International Maritime Organization’s Maritime Safety Committee (MSC), which meets at the IMO’s London headquarters for its 95th session from 3 to 12 June 2015, is expected to adopt a new mandatory code for gas-fuelled ships. The adoption will include the draft International Code of Safety for S
Despite an uneven picture across shipping markets in terms of performance and earnings, the volume of capacity entering the fleet seems to have evened out, according to Clarksons. Shipyard output looks fairly steady, with the 6-month moving average of deliveries averaging around 7-8m dwt per month f
Hybrid propulsion systems and connected ship solutions are emerging technologies that are gaining ground faster than expected, said Tor E. Svensen, CEO DNV GL – Maritime, while commenting on the update to DNV GL’s ”Shipping 2020” report which was published in 2012. The rise of hybrid vessels was una
There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner regions, Asia/Pacific and Europe account for 88% of the tonnage sold for recycling, according to the latest review of shipbreaking trend by Clarkson Research. Whilst the Indian Sub-Cont
Some 37 very large gas carriers (VLGCs) of a total capacity of 3.1 million cum are to be delivered this year, resulting in a 23% fleet growth in terms of capacity, shipping brokerage Banchero Costa Research said in a report. 23 vessels of all sizes were delivered in the first four months of 2015, in
The dry bulk shipping market has been hit hard by the downturn of the Baltic Dry Index (BDI) that fell to unprecedented lows this year. Vessel oversupply and dwindling demand, especially from the world’s top importer China, have caused numerous headaches for the ship owners across the board, some of
Interview: Time for Carriers to Get Ahead of the Curve The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of… Read more Why Containers Get Lost at Sea? Containerization has reformed the ocean transp
The National Shipping Company of Saudi Arabia (Bahri) inked an agreement with Hyundai Samho Heavy Industries (HSHI) on May 21, 2015 to build 5 very large crude carriers (VLCCs) plus 5 more optional VLCCs. Eng. Ibrahim Abdulrahman Al-Omar, Bahri’s Chief Executive Officer said that this agreement is i
DNV GL has developed a new unmanned floating LNG concept intended to unlock the potential of remote offshore gas fields by overcoming some of the exiting operational challenges. The concept is called Solitude and combines exiting technological advances into a solution that, according to DNV GL, offe
The International Maritime Organization (IMO) has adopted the environmental part of the International Code for ships operating in polar waters (Polar Code) and associated MARPOL amendments to make the Code mandatory by the Marine Environment Protection Committee (MEPC). The MEPC was meeting for its
Why Containers Get Lost at Sea? Containerization has reformed the ocean transportation of cargo becoming the standard method of moving goods across the globe today. Read more Bremerhaven Crane Operator Dies in Boom Collapse A 52-year-old crane operator died last night at the German port of Bremerhav
