Category archives for: Middle East

SOHAR: Joint Effort Needed for Cutting Sulphur Emissions

SOHAR: Joint Effort Needed for Cutting Sulphur Emissions

 SOHAR Port and Freezone Executive Commercial Manager Edwin Lammers called on world leaders within the global shipping industry to join forces in their search for innovative testing methods, quality control, fuel efficiency, and risk management practices ahead of new International Maritime Organisation regulations requiring cargo ships to cut the level of sulphur oxide in fuel supplies […]

Australian DP World Terminals Facing Strike

Australian DP World Terminals Facing Strike

Members of the Maritime Union Australia employed by DP World terminals in Sydney and Melbourne announced their plans to stop work this week. Four-hour work stoppages are expected from 10.00am Wednesday October 1 until 2.00pm, 6.00pm until 10.00pm and 2.00am until 6.00am on Thursday October 2 at Sydney terminals. All members of the MUA employed […]

ZIM Ship Targeted by Pro-Palestinian Protesters Again

ZIM Ship Targeted by Pro-Palestinian Protesters Again

Israeli-owned containership Zim Shanghai was prevented from unloading this weekend in the Port of Oakland by pro-Palestinian protesters and had to head to the Port of Los Angeles. According to Marine Traffic’s  data the vessel departed Oakland on Sunday evening fully loaded and is expected to arrive in Los Angeles on Tuesday. “The Zim Shanghai […]

China Lifts Foreign Investment Restrictions in Shanghai Free-Trade Zone

China Lifts Foreign Investment Restrictions in Shanghai Free-Trade Zone

Chinese government is set to ease restrictions on foreign investments in a number of industries, including the shipping sector, in Shanghai’s free-trade zone, The South China Morning Post reports. Earlier this month China’s Premier Li Keqiang’s said that market forces ”would be allowed to play a dominant role in the FTZ.”  Over twenty business sectors are to […]

IMO Pushing for E-Certificates

IMO Pushing for E-Certificates

The IMO’s Facilitation Committee (FAL) has issued a request for all the IMO member States to accept the use of electronic certificates, paving the way for less paperwork, nuisance and delays for the shipping industry, the Danish Maritime Authority (DMA) reports. In the future, it must be easier to use electronic certificates. This was decided […]

Readers’ Picks of the Week (Sep 22-28, 2014)

Readers’ Picks of the Week (Sep 22-28, 2014)

Radioactive SUV Found Aboard Carrier in Vladivostok Customs officials at the Russian port of Vladivostok held up the Malacca Highway, a Panama-flagged Ro-Ro car carrier on September 11, 2014, upon discovering one of the vehicles aboard emitted radiation.…Read more Maersk Line to Spend USD 3 Bn a Year on Newbuildings Maersk Line plans to set […]

Platts: VLCC Owners Gear Up for Persian Gulf Rate Spike

Platts: VLCC Owners Gear Up for Persian Gulf Rate Spike

Worldscale rates for VLCCs on West Africa-to-Far East routes are at steep premiums to rates for Persian Gulf loadings due to many owners’ resistance to long voyages, Platts said quoting market participants. “The Persian Gulf-to-Far East route was assessed at w34 Thursday. The West Africa-to-Far East voyage was assessed at w43.50, creating an unusually wide […]

CHEC to Build Ashdod Port

CHEC to Build Ashdod Port

China Harbour Engineering Company (CHEC) has been chosen to build a new port in Ashdod, The Times of Israel reports. Israeli Prime Minister Benjamin Netanyahu said during the signing ceremony that the new facility will serve as an important link in a new east-west trade route. Construction works on a 1,000m pier and 2.8m of […]

Offshore Drilling Facing Soft Market Conditions

Offshore Drilling Facing Soft Market Conditions

Five-year credit default swaps (CDS) for offshore drilling companies in North America have widened 46% over the past month and 20% over the last week, underperforming other sectors in the region, according to Fitch Solutions. New York-based rating agency Fitch Ratings said that CDS have likely widened partly in response to the recent Noble Corporation […]

Warming Oceans Reshaping Fishermen’s Catch

Warming Oceans Reshaping Fishermen’s Catch

For the first time, scientists have shown that ocean warming has had a global impact on the mix of species caught by fishermen, The Pew Charitable Trusts reports. Previous studies indicated that some species are shifting location in response to temperature increases, with fish gradually moving away from the equator into cooler waters. However, research published […]

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