The shipping industry is slowly approaching limits in ship size development, DNV GL Business Director Jost Bergmann said while speaking at DNV GL’s latest Container Ship Forum and Bulk Carrier Forum in Hamburg. The forums looked at a broad spectrum of topics including environmental regulations, tren
The Panamax and 2,500TEU sectors continued to be the two areas that sparked the most interest and the highest volume of ships changing hands in the second-hand market last week. According to Braemar ACM Shipbroking, the ships that are being sold at the moment have been on the market for some time, a
Interferry, a global ferry industry association, has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships – a decision that the trade association says will safeguard further development of the LNG optio
Cargo Ship Sinks off Ecuador A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa Elena Peninsula, Ecuador, in the morning hours of November 16, the Ecuadorian Navy reports.…Read more World’s First FLNG Undocked in Nantong Caribbean FLNG facility has been undocked f
The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar Waters (Polar Code), and related amendments to the International Convention for the Safety of Life at Sea (SOLAS) to make it mandatory. The Polar Code and SOLAS amendments were adopted durin
Reflecting stumbling growth in the world economy, world seaborne shipments grew by an average of just 3.8 per cent in 2013, taking total volumes to nearly 9.6 billion tons, UNCTAD’s Review of Maritime Transport 2014 reports. Much of the expansion in seaborne trade was driven by growth in dry cargo f
DNV GL and Qatar’s shipyard Nakilat-Keppel Offshore & Marine (N-KOM) have signed a Memorandum of Understanding to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The MOU will further strengthen the position of N-KOM, which is a joint-venture between Qatar Gas T
The global maritime industry is undergoing a very challenging period with industry stakeholders opting for automation of their business operations as much as possible. As the industry pushes further for technological advancement, for many branches it has been very difficult to employ people, especia
Quality is the paramount and must be maintained by continuous enhancement of shipbuilding standards, classification survey standards and ship operating procedures, it was concluded during the annual Tripartite meeting between shipowners, shipbuilders and classification societies in Shanghai. The mee
Oman Shipping Company (OSC) has taken delivery of the Adam LNG, which is described as one of the world’s most advanced fuel efficient LNG carriers. The 162,000 cubic metres capacity vessel was built by Hyundai Heavy Industries (HHI) in Ulsan South Korea. The newly-delivered LNG carrier will operate
The delivery of some 54 ships of at least 10,000 teu, expected to be deployed in the Asia-North Europe trade between October 2014 and December 2015, will have a huge effect on the landscape of the trade next year. According to Drewry’s analysis, they may help to bring carriers much needed lower slot
Container shipping line United Arab Shipping Company (UASC) revealed plans to make significant investment in new reefer units at WOP Dubai, the international perishables expo for the Middle East. UASC said that the expansion of its fleet of refrigerated units and enhanced geographic access to the So
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
Kuwait Oil Tanker Company (KOTC) has taken delivery of its fourth and last Very Large Crude Carrier (VLCC) of its Phase III Fleet Newbuilding Project. The VLCCs were built by South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME). Al Kout – classed to ClassNK is 333 m in length, 60 m in bre
