Category archives for: Top Stories

Additional Container Weighing Legislation Adds to the Burden

Additional Container Weighing Legislation Adds to the Burden

  Additional legislation will not have any significant effect on container safety in transport overseas, the European Shippers’ Council (ESC) said with respect to the issue of the proposed weighing of containers.   The proposition comes as ever growing number of shipping accidents are caused by overweight containers, incorrect declarations of the loaded container weights, […]

Cruise Liners Scratching Israel off Itineraries

Cruise Liners Scratching Israel off Itineraries

Following the recent surge of violence in the Gaza Strip, sister companies Regent Seven Seas Cruises and Oceania Cruises have decided to steer clear of Israel, Asia Cruise News reports.   The decision is also based on the close shave the German AIDAdiva had when caught amidst a rocket attack at the Israeli Port of Ashdod, with […]

Demand for Ultra-Large Vessels Changes Course

Demand for Ultra-Large Vessels Changes Course

Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry.   The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could catch-up with the projected vessel supply by 2016, said Irish […]

Chinese Export Boom Beneficial to Shipping

Chinese Export Boom Beneficial to Shipping

Strong Chinese exports for the month of June triggered an increase in shipping and port operations worldwide.   Irish Maritime Development Office (IMDO) reports that the analysts expect favourable export tides to flow over to the second half of 2014, with some analysts projecting a double-digit improvements year-on-year. The latest customs data reveal that the […]

Promising Times Ahead for Abu Dhabi Ports

Promising Times Ahead for Abu Dhabi Ports

General cargo moving through Abu Dhabi’s commercial Ports has increased by 37% this year.   ADPC’s commercial ports (Musaffah, Khalifa and Zayed Ports) have handled 6.4 million FT of general cargo, compared to 4.7 million FT in the first half of 2014. This is an increase of 1.74 million FT (freight tonnes) compared with the […]

EU Adopts Maritime Activities Planning Legislation

EU Adopts Maritime Activities Planning Legislation

The EU’s General Affairs Council has adopted legislation to improve the planning of maritime activities. The new Maritime Spatial Planning Directive will help Member States develop and coordinate various activities taking place at sea so that they are as efficient and sustainable as possible.   Commissioner for Maritime Affairs and Fisheries, Maria Damanaki welcomed the […]

Cash Injection for Scorpio Bulkers’ Newbuilds

Cash Injection for Scorpio Bulkers’ Newbuilds

Scorpio Bulkers Inc., has received a commitment for a USD 540 million loan facility to finance the ongoing newbuild projects.   The facility will be used to finance up to 55% of the contract price of six Ultramax, nine Kamsarmax, and nine Capesize vessels currently under construction for delivery in 2015 and 2016. As of July 22, 2014, […]

Bandar Abbas Hosts First Foreign Ship after Sanctions Lift

Bandar Abbas Hosts First Foreign Ship after Sanctions Lift

Wan Hai 512, a 4,680 TEU vessel owned by Thailand-based shipper Wan Hai Lines, has become the first international vessel to call at the port of Shahid Rajayee in Bandar Abbas after lifting of sanctions on the southern Iranian port on 15 July, Iranian Ports and Maritime Organization said.   The vessel was heading from […]

APM Terminals Virginia Facility to Change Hands

APM Terminals Virginia Facility to Change Hands

APM Terminals Virginia and a partnership comprising affiliates of investment funds managed by Alinda Capital Partners (Alinda) and Universities Superannuation Scheme Limited (USS) announced today that the partnership will purchase APM Terminal’s state-of-the-art container terminal located in Portsmouth, Virginia.   The transaction is subject to standard regulatory approvals and is expected to close during the […]

Bahri Takes Over First Vessel from Vela’s Fleet

Bahri Takes Over First Vessel from Vela’s Fleet

The National Shipping Company of Saudi Arabia (Bahri) said that it has concluded the first phase of the process of merging the Vela fleet and operations with Bahri.   Namely, Matar Star the first of the VLCC vessels in the Vela fleet, was transferred to Bahri’s ownership on Monday 21 July 2014 and her name […]

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