Iran’s Tankers to Sail under Panama’s Flag

Image Courtesy: NITC

Iranian tankers are to be registered under Panama’s flag which will enable them to pass through one of the ...

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DP World Explores Investment Possibilities in Georgia

Image Courtesy: DP World

A research team of Dubai’s port operator DP World is to visit Georgia to look into the construction of a ...

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Newbuilding Orderbook Takes a Nosedive in Q1

Image Courtesy: HHI

The first quarter of 2016 was hit by a major decline in ordering newbuilds with only 77 new ships ordered by the ...

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IGU: LNG Carrier Tonnage Glut Set to Deepen Further

Image Courtesy: RASGAS

The 29 LNG carriers, including the FSRU Golar Tundra, delivered in 2015 far outweighed additional shipping ...

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Spotted: Tracking AIDAprima on Its Way Home

Image Courtesy: AIDA

AIDAprima, a newly built cruise ship owned by German-based cruise line AIDA Cruises, is currently sailing on its ...

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Port of Salalah Inks Fuel Terminal Deal with omanoil

Image Courtesy: Port of Salalah

The Port of Salalah and Oman Oil Marketing Company (omanoil) have signed a lease agreement for the development of a ...

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Port of Aden Continues Bunker Supply After a Year

Image Courtesy: Optimist/Port of Aden

The Yemeni port of Aden resumed bunker supply operations on Friday, April 8 following a year-long suspension of ...

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Oil Production Freeze Would Not Affect the Tanker Market

Image Courtesy: Teekay

In an effort to put a floor under oil prices and allow demand growth to catch up with supply, the oil ministers ...

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Seafarers’ Minimum Wage to Stay at Current Level

Image Courtesy: Mission to Seafarers

The minimum wage for able seafarers recommended by the International Labour Organization (ILO) will remain at its ...

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Saudis to Bankroll Suez Canal’s Industrial Zone

Image Courtesy: Jan De Nul Group

The Saudi investors plan to inject around EGP 3 billion (USD 337 million) into the development of an industrial ...

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WTO Expects Sluggish World Trade Volume Growth in 2016

Image Courtesy: TFAF

Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, unchanged from the 2.8% ...

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Qatargas Inks Four-Year LNG Supply Deal with KPC

Image Courtesy: Qatargas

Qatar Liquefied Gas Company Limited 2 (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have executed an ...

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Dismal Prospects for Container Shipping

Image Courtesy: European Biofuels

Further expected container shipping liner losses throughout the first half of 2016, exacerbated by the awful ...

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BDI Reaches New High in 2016

Image Courtesy: Diana

As the dry bulk market is currently experiencing a slight recovery, the Baltic Dry Index (BDI) jumped by 13 points ...

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Oman Shipping Company Linking All Omani Ports

Image Courtesy: Johny Verhlust/Marine Traffic

Oman Shipping Company (OSC) is launching a new freight service that would connect all Omani ports to the United ...

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Scorpio’s Third MR Tanker Delivered to Bahri

Image Courtesy: Bahri

The third out of five second-hand Medium Range tankers bought by the National Shipping Company of Saudi Arabia ...

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HHI Linked to IRISL’s Boxship Order

Image Courtesy: HHI

Korean shipbuilder Hyundai Heavy Industries (HHI) is said to be on the brink of winning a potential order for three ...

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Infographic: Bulkers Squeezed Out

The interest of the shipbuilding players and owners in building and ordering bulkers in 2016 has subsided ...

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Interview: Smart, Smarter, Smartest!

Image Courtesy: Konecranes

The global container handing equipment fleet is getting smarter as port operators apply more sophisticated IT in ...

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USD 65 Bn Lost in Shipping Assets Value in 2015

Image Courtesy: BRS

Some USD 65 billion was lost in underlying market value in shipping assets in 2015, according to shipbrokers Barry ...

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Ship Design Efficiency Standard Set to Low

Image Courtesy: ABB

Shipping’s only legally binding climate measure is not stimulating the uptake of new technologies or driving ...

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Third Weapons Seizure in Arabian Sea

Image Courtesy: US Navy

For the third time in recent weeks, international naval forces operating in the waters of the Arabian Sea seized a ...

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Numerous Countries Unprepared for Container Weighing

Image Courtesy: Bison

There has been no guidance issued on the practical application of the measures regarding the implementation of the ...

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Bahri Pens Financing Deal for VLCC Quintet

Image Courtesy: Bahri

The National Shipping Company of Saudi Arabia (Bahri) has signed a Murabaha Facility Agreement, an Islamic ...

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Iran Set on Injecting USD 2.5 Bn in Tanker Fleet

Image Courtesy: NITC

Iran is seeking an investment worth USD 2.5 billion to upgrade its oil tanker fleet as it gears up to restore ...

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Infographic: Half of Capesize Deliveries Pushed Back

Image Courtesy: VesselsValue

As the pains of the dry bulk market protract into this year as well owners feel propelled to delay deliveries of ...

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Cargo Ship Fined for Marine Pollution in Haifa

Image Courtesy: Israel Ministry of Environmental Protection

A Panamanian-flagged general ship anchored at the Port of Haifa has been fined NIS 6,000 (approximately USD 1,580) ...

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