Category archives for: Shipping News

How Will Scottish Independence Impact Maritime Industry?

How Will Scottish Independence Impact Maritime Industry?

The long-awaited vote on the Scottish independence taking place today has seen international maritime players raise concern on the possible effects of the vote on the Scottish maritime industry. According to Moore Stephens’s recently conducted survey of the international shipping community members on the impact of the vote, over half of respondents (55 % ) […]

PIRA Issues Weekly Energy Recap

PIRA Issues Weekly Energy Recap

A weekly Energy Market Recap by NYC-based PIRA Energy Group reports that Asian oil balances will for now remain long, with the U.S., product stock build outpacing crude draw, thus widening commercial stock excess; and Japan’s both crude and finished product stocks rising. Oil prices in Asia are likely to remain soft. Asian oil demand […]

Global Tanker Fleet Shying Away from ECDIS

Global Tanker Fleet Shying Away from ECDIS

The majority of ships in the global tanker fleet have yet to adopt ECDIS, according to data published for the first time by the United Kingdom Hydrographic Office (UKHO). The SOLAS regulations on the mandatory carriage of ECDIS will come into force from July 1, 2015 for all tankers over 3,000 gross metric tonnes, apart […]

Tubbataha Damage Compensation Talks Still in Progress

Tubbataha Damage Compensation Talks Still in Progress

Talks are still underway between the US and the Philippines on compensation for damages inflicted by grounding of the USS Guardian, the Phillippine Department of Foreign Affairs said Tuesday. The US Navy minesweeper USS Guardian (MCM 5) ran aground on Tubbataha Reef Jan. 17, while transiting the Sulu Sea. Damages caused by the grounding are estimated […]

Restrictions Stifling Australia’s Coastal Shipping

Restrictions Stifling Australia’s Coastal Shipping

Over AUD 400 billion worth of international cargo moved across Australian ports in 2012/13, and some 4,900 cargo ships made almost 14,000 visits from overseas to Australian ports. However, Australian ports handled 97.4 million tonnes of coastal freight during 2012-13, an almost 2% decrease on 2011-12, indicative of a longer-term trend of decreasing amounts of coastal trade, […]

ReCAAP: Number of Piracy Attacks in Asia Decreasing

ReCAAP: Number of Piracy Attacks in Asia Decreasing

A total of 11 piracy attacks, comprising eight actual incidents and three attempted incidents were reported in Asia in August 2014, Information Sharing Centre of piracy watchdog ReCAAP said in the latest report. According to the report, the situation of piracy and armed robbery against ships in Asia continues to improve in August 2014, with […]

Port of New Orleans Ebola Scare False Alarm

Port of New Orleans Ebola Scare False Alarm

Three crew members from Liberia-flagged cargo vessel Marine Phoenix were transferred to a hospital by US health officials and coast guard after the ship docked in Belle Chasse, Port of New Orleans on Wednesday, September 17th. The ill crewmembers were feared to had been infected by Ebola since the vessel’s itinerary included calls to West Africa, hit by an outbreak of the Ebola […]

South Carolina Ports Exceeding Projections

South Carolina Ports Exceeding Projections

South Carolina Ports Authority has kicked off the new fiscal year with a 13 percent rise in container volumes handled in the first two months of the fiscal calendar. The SCPA handled 163,970 twenty-foot equivalent units (TEUs) in August, an increase from 144,649 TEUs moved during the same month last year and 153,916 handled in July, […]

BW Orders LNG Carriers

BW Orders LNG Carriers

BW Group, a global maritime company involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production, has signed shipbuilding contracts with Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) for two Liquefied Natural Gas (LNG) carriers plus options for additional vessels on September 17, 2014. The two firm 173,400 m3 newbuildings will be delivered […]

Infograph: Tanker Sizes 101

Infograph: Tanker Sizes 101

The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straits and channels, T. Mason Hamilton of U.S. Energy Information Association explains. This system, known as the Average Freight Rate Assessment (AFRA) […]

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