Category archives for: Africa

APM Terminals Records Profit Bump

APM Terminals Records Profit Bump

APM Terminals delivered an increased profit of USD 223m (USD 179m 2Q 2013) and a return on invested capital of 14.2% (12.8%) in the first six months of 2014. Terminals becoming fully operational, as well as new terminals added to the portfolio supported the 8% growth in volume. More than 80% of EBITDA was generated in […]

Ocean Container Sector Cutting Its Carbon Footprint

Ocean Container Sector Cutting Its Carbon Footprint

BSR’s Clean Cargo Working Group’s 2014 “Global Maritime Trade Lane Emissions Factors” report—which provides data from more than 2,900 ships, representing around 85 percent of global ocean container capacity—indicates that average carbon-dioxide emissions for global ocean container transport have declined year on year, and by nearly 8 percent between 2012 and 2013. 8 % decrease […]

Lloyd’s Register Takes Rules for Offshore Units Step Forward

Lloyd’s Register Takes Rules for Offshore Units Step Forward

Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry. It signals a move by the world’s oldest classification and certification society, to modernise the way in which Rules and their guidance notes are presented to industry – and importantly how they are used by […]

Can Brazilian Iron Ore Improve Freight Rates?

Can Brazilian Iron Ore Improve Freight Rates?

The freight market, which performed so well in Q1, has certainly not delivered in the past 4 months. BDI has dropped from 1,621 on 20 March to hit 747 on July 29. Panamax ships have not been above USD 10,000 per day since February20, and below USD 5,000 per day for most of June and […]

Crude Oil Tanker Market Going Strong

Crude Oil Tanker Market Going Strong

Crude oil tankers have shown incredibly positive momentum going into Q3. Earnings surpassed the expected ceiling at USD 20,000, to reach USD 44,058 per day briefly in mid-July for Suezmax tankers, according to BIMCO’s latest market analysis report. A stronger freight market is often followed by a stronger second-hand market. Data cleaned for large en bloc […]

DOF Subsea Buzzing with Activity

DOF Subsea Buzzing with Activity

DOF Subsea, a subsidiary of DOF ASA, has been awarded multiple contracts, with a total value of approximately USD 135 million. In the Asia Pacific region, DOF Subsea has been awarded several contracts including project management and engineering, IMR services, and subsea installation work. The contract awards will secure utilization of the vessels Skandi Singapore, Skandi […]

Demand for Container Shipping Outstripping Supply

Demand for Container Shipping Outstripping Supply

The demand side for container shipping continues to improve on a global scale. The winter weakness in the US and still-sluggish demand in Europe has been offset by continued strong demand on North-South trades in the Atlantic basin and improving conditions on the ever-strong intra-Asian trading lanes, the Baltic and International Maritime Council (BIMCO) said in […]

Tanker Oversupply Might Be Easing Up

Tanker Oversupply Might Be Easing Up

Although the Caribbean market for Aframaxes has taken a precipitous tumble last week, other tanker segments have maintained healthy spot rates suggesting that vessel oversupply could be moderating in the general sense, Poten & Partners reports in their latest  ‘Tanker Opinions’. “Since ordering momentum continues, due in large part to a feeling that the market is coming […]

Clean Freight Rates Set to Surge amid Ebola Outbreak

Clean Freight Rates Set to Surge amid Ebola Outbreak

Freight rates for clean tankers heading from the UK continent to the West Africa could see an increase due to the Ebola crisis which was forcing shipowners to insert clauses into charter parties to avoid the risk of their vessel being quarantined, shipping sources told Platts. The inserted clauses relate to shipowners carrying clean products […]

Readers’ Picks of the Week (Aug 11 – 15, 2014)

Readers’ Picks of the Week (Aug 11 – 15, 2014)

Lilly Johanne Capsizes in Turkey Lilly Johanne, a live fish carrier, capsized in Celiktrans shipyard in Tuzla, Turkey, on August 7, iLaks reports …Read more Poland Eyes Canal Construction to Evade Russian Waters Polish authorities have revived plans to build a canal in order to connect the Baltic Sea with the Vistula Lagoon and, thus, […]

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