United Arab Shipping Company (UASC) has recently published a time-lapse video of the construction of what the company calls ”the world’s greenest ultra-large container vessel” – the 18,800 TEU, LNG-ready MV Barzan. The MV Barzan was recently named at a ceremony held at Hyundai Samho Heavy Industries
Freight rates in the tanker market remained firm in April, considering seasonal weakness in activity and rates in general, Drewry’s Tanker Insight shows. Sluggish fleet growth and improved tonnage demand resulted in high utilisation rates, supporting firmness in freight rates. Despite the shutdown o
In the last four months dry bulk orders have fallen to 0.4 million dwt per month, the lowest level since the 1990s, according to the latest market review released by Clarkson Research. “This is a massive 98% reduction from the 23 million dwt peak in orders in December 2007, and probably the sharpest
MAST: Security Situation in the Mediterranean Could Get Out of Hand Incidents of criminality and piracy on the high seas and in coastal areas of the Mediterranean could become more prevalent as the human trafficking organisations become more established, say… Read more Costa Concordia to Embark on I
A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organisation’s design efficiency standard for 2020, indicating that there is significant room for tightening these standards when the IMO meets next week, European environmental lobby group
United Arab Shipping Company (UASC) named its first LNG-ready ultra-large container vessel at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. With a loading capacity of 18,800 TEU, the DNV GL classed vessel M.V. ‘Barzan’ will be the largest in UASC’s fleet to date and will set new st
Video: NASSCO Launches World’s First LNG-Powered Container Ship The US shipbuilder General Dynamics NASSCO christened and launched the world’s first container ship powered by liquefied natural gas (LNG) at its shipyard…. Read more Susan Maersk Runs Aground in Suez Canal Danish-flagged containership
Lloyd’s Register has issued new emissions guidelines and updated technical information to help operators in their investment decisions ahead of the enforcement of a global 0.5% cap for SOx emissions. The time for decisions is fast approaching. If in 2012, when an earlier version of this report was i
Responding to conflicting claims about the conclusions the study it prepared for Seas At Risk and Transport & Environment on shipping’s efficiency in the press and most recently the criticism of the International Chamber of Shipping (ICS), consultancy firm CE Delft stood firm behind its findings. “C
Board members of the Saudi Arabian Oil Company, parent company of National Shipping Company of Saudi Arabia (Bahri), have visited South Korea’s top shipbuilder Hyundai Heavy Industries (HHI). The visit is reported to form part of negotiations between the two parties on ordering up to 10 tankers, Reu
Several leading banks in the shipping industry, including HSH Nordbank and KfW IPEX-Bank, use energy-efficiency data in making investment and financing decisions, according to the NGO Carbon War Room (CWR). HSH Nordbank, KfW IPEX-Bank, and other banks surveyed by CWR have indicated that vessel effic
The International Chamber of Shipping (ICS) has dismissed the recent claim by the European environmental lobby group Transport and Environment (T&E) that modern ships are less CO2 efficient than those built over 20 years ago as ‘fanciful’. The study finds that bulk carriers, tankers, and container s
In an ever more competitive maritime market, shipowners need to know how to make the best out of emerging technologies so as to cut costs and ensure efficiency. However, as technology makes strides toward digitalization, it becomes increasingly challenging to discern what data to use in order to pre
Oleg Naydenov Sinks off Canary Islands A Russian trawler Oleg Naydenov sank some 15 miles off Punta Maspalomas, the Canary Islands, at around 22:45 local time Tuesday, Spain’s Salvamento Maritimo reports…. Read more Three Dockworkers Die in Antwerp Three dockworkers died on Saturday in Antwerp, Belg
