Category archives for: Middle East

Gibson: Major VLCC Players Active in Newbuilding Market

Gibson: Major VLCC Players Active in Newbuilding Market

The 2014 had been a much more rewarding year for owners than 2013 with positive spikes seen in the spot market and a definite shift in sentiment, with reasonable expectations for the second half of the year, according to the UK shipbroker Gibson. Based on Gibson’s latest Weekly Tanker Report, some 31 VLCCs have been ordered […]

Video: Abu Dhabi Unveils Cruise Terminal Design

Video: Abu Dhabi Unveils Cruise Terminal Design

The concept design of Abu Dhabi’s planned permanent cruise passenger terminal was unveiled at Seatrade Med 2014, which took place from 16-18 September in Barcelona, Spain. The model was showcased by Abu Dhabi Ports Company (ADPC) following an international design competition and extensive industry stakeholder input. ADPC was at Seatrade Med with an Abu Dhabi Tourism & Culture Authority (TCA […]

Iran Open to Baku-Anzali Line Revival

Iran Open to Baku-Anzali Line Revival

Iran is ready to re-establish the Baku-Anzali shipping line to improve its ties with Azerbaijan.  Reza Mansour, head of the Anzali Trade-Industrial Free Zone Organization said re-launching the shipping line could strengthen the ties between the two countries, tourism especially, Fars News Agency reports. Azerbaijan’s investors were also encouraged by Mansour to invest in Anzali Free […]

Container Safety on IMO’s Agenda

Container Safety on IMO’s Agenda

Over one hundred issues,  including container safety, were considered in the course of plenary sessions and working group meetings at the first session of the IMO Sub-Committee on Carriage of Cargoes and Containers (CCC) held at the Headquarters of the International Maritime Organization (IMO) between September 8 and 12. Other topics on the agenda included the […]

Readers’ Picks of the Week (Sep 15-19, 2014)

Readers’ Picks of the Week (Sep 15-19, 2014)

Battling for Supremacy in Shipping World As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel.…Read more Cosco Books Five Mega Container Ships China Cosco Holdings Co (CCHC) has placed an order for the construction of […]

IMO Secretary-General Rules Out Reappointment

IMO Secretary-General Rules Out Reappointment

International Maritime Organisation (IMO) Secretary-General Koji Sekimizu has disclosed his decision not to seek reappointment at the fulfilment of the current term at the end of 2015. Secretary-General Sekimizu stated that reasons of personal nature led to the decision not to seek reappointment. “I would like to retire from IMO at the end of the current term […]

Battling for Supremacy in Shipping World

Battling for Supremacy in Shipping World

As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel. The slightest upgrades in size or efficiency can bring in enormous profits or slash operational costs on a global scale. As a result, the industry will soon […]

Irano Hind Value Estimates USD 37 Million Apart

Irano Hind Value Estimates USD 37 Million Apart

Shipping Corporation of India (SCI) and Iran Shipping Lines are finding it hard to wrap up their 39-year-old joint venture Irano Hind Shipping Lines due to the differences in the valuation of the company.  SCI estimates its 49% stake in the joint venture to be USD 132 million, while Iran Shipping Lines has valued SCI’s stake at USD 95 million, […]

Things to Know when Navigating in Sea Ice

Things to Know when Navigating in Sea Ice

There are many sea ice properties that can affect an offshore vessel’s navigation performance in sea ice. The most obvious is the thickness of the ice but other properties, such as hardness, are also important. In the following excerpt taken from OCIMF latest report on Offshore Vessel Operations in Ice and/or Severe Sub-Zero Temperatures in […]

Image of the Day: Blending with the Sea

Image of the Day: Blending with the Sea

The image shows Princess Cruises’ MS Royal Princess steaming her way to the next adventure as the sunset-lit sky embraces the sea. The ship was built in 2013 by Fincantieri at their shipyard in Monfalcone, Italy.   World Maritime News Staff, September 18, 2014; Image: Princess Cruises   Follow @worldmaritimene

Advertisement





lb
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams