Petrochemical Producers Supply Chain Survey

Petrochemical Update recently reached out to their extensive network of petrochemical supply chain & logistics purchasing managers to an insight into budgets

Readers' Picks of the Week

Here are the most popular stories of the past week.

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4 Reasons to Be Upbeat on Tanker Market Outlook

Tanker

DHT Holdings expects the times to turn for the better due to four key reasons.

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Moody's Upgrades DP World's Ratings, Outlook Stable

Operations at DP World Jebel Ali

DP World's long-term issuer rating has been upgraded to Baa1 from Baa2, Moody’s rating agency said.

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Hudaydah Port Interruptions Would Be Catastrophic

Yemeni flag

UN: Keeping Hudaydah and Saleef ports critical for Yemen.

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Aramco Resumes Oil Shipments through Bab-El-Mandeb Strait

VLCC

Saudi Aramco has resumed oil shipments through Bab-El-Mandeb Strait.

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Ordeal of 57 Abandoned Ukrainian Seafarers Finally Over

Ukrainian seafarers

MTWTU: 57 Ukrainian seafarers return home after being left high and dry at sea.

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Over 110 Gigs for Oman Shipping Company's VLCCs

OSC General Manager Commercial Tan

Oman Shipping Company's VLCC commercial chartering desk secures over 100 fixtures with world oil majors.

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Container Shipping – Survival of the Fittest

Monte Azul, Maersk Lamanai

Only container shipping companies with the biggest fleets and most efficient vessels to turn a profit this year.

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Milaha's Profit Rises by 11 Pct in First Half of 2018

Abdulrahman Essa Al-Mannai, Milaha CEO

Qatar Navigation (Milaha) saw its net profit increase by 11 percent during the first half of 2018.

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Aramco Halts Oil Shipments through Bab El-Mandeb

tanker

Saudi Aramco has suspended all oil shipments through Bab El-Mandeb following yesterday's attack on two VLCCs.

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Report: Another Tanker Attacked by Houthis

 A Saudi oil tanker has reportedly been attacked by the Houthi movement while underway in the Red Sea.

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Blockchain Threatens to Eradicate Trade Intermediaries

Blockchain

Blockchain technology is expected to have a profound impact on trade and transport.

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Fleet Expansion Pushes Bahri's Income Up

Money

Bahri's net income increased in the second quarter of 2018 due to improved performance and fleet expansion.

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All Crew Kidnappings in 2018 Occurred in Gulf of Guinea

PIRATES

IMB report says that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in 6 separate incidents.

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Terminals in Europe, Australia Boost DP World's Performance

Containers

DP World delivers encouraging results driven by performance of container terminals in Europe and Asia.

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EGCSA: 983 Ships Opt for Scrubbers

Scrubber

 There were 983 ships with exhaust gas cleaning systems installed or on order as of May 31, 2018.

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Readers’ Picks of the Week ( 16-20 July, 2018)

Here are our most popular articles of last week.

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Consolidation between Top Tier Carriers Unlikely

CMA CGM

Drewry: The consolidation between top tier carriers is unlikely due to competition laws.

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FLNG Capex to Exceed USD 50 Bn in Next Five Years

Westwood: FLNG Capex is projected to total USD 52.8 billion over the 2019-2024 period.

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17 Seafarers Left in Limbo on Kish Island, Iran

Seafarer

17 seafarers left high and dry on Kish Island, Iran.

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94 Large Ships Lost in 2017, Friday Most Dangerous to Sail

Shipwreck

There were 94 total losses reported around the shipping world in 2017.

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IMO Comes to Grips with Sulphur Cap Implementation Issues

IMO working group has made some headway on the sulphur testing and verification issues.

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Drewry: Ascent of the Charter Market Is Over

MSC Containership

The rapid growth of charter rates in the container shipping market is likely to be over.

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Okeanis Tanker Scrapes Bottom in Suez Canal

Tanker

The 2018-built tanker Kimolos suffered hull damage after scraping the bottom in the Suez Canal.

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Readers' Picks of the Week

Here are the most read stories from the previous week.

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DP World: Doraleh Terminal Concession Is Still in Force

DP World stresses again that its concession agreement for the Doraleh Container Terminal (DTC) remains in force.

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Nakilat Sees Higher First-Half Profit

Qatar-based shipping company Nakilat reported a 9 percent profit increase for the first half of this year. 

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