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Relentless Containership Fleet Growth Crushing Recovery Hopes

Lara Maersk

The capacity of the containership fleet is growing too fast for the demand side to keep up.

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Readers’ Picks of the Week (27-31 August, 2018)

Here are the most popular stories from the last week.

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A Quarter of Ships on Order to Be Fitted with Scrubbers

scrubber wartsila

Clarksons: 2018 has seen enthusiasm for scrubbers grow ahead of 2020 sulphur cap implementation.

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Zaitoun-Led Consortium to Future-Proof Container Shipping

Zaitoun Green Shipping creates consortium on green shippin

Zaitoun Green Shipping has teamed up with maritime technology majors to improve performance of containerships.

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MV Royal Arsenal's Crew Still Detained in Iraq One Year On

MV Royal Arsenal bulker

MV Royal Arsenal's crew still detained at Umm Qasr, Iraq, one year after collision with Al Misbar.

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Interactive Storymap: The World's Busiest Cruise Ports

Cruise

The storymap highlights 10 of the busiest cruise ports in the world.

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Qatar, Iran Looking to Boost Shipping Ties

Qterminals, Hamad, Qatar

PMO: Qatar is interested in boosting trade relations with Iran.

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Houthis Target Commercial Ships, Attacks Thwarted

tanker

The Saudi-led coalition says it thwarted attacks on merchant vessels with explosives-laden speedboats.

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ISCD: Dubai among Top 5 Shipping Centers in the World

Dubai

Dubai has been selected as one of the world's top five shipping centers in the latest ISCD.

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Shipping Emissions Keep Declining but More Innovation Needed

Containership

CO2 emissions from 22 top ocean container carriers continued to fall in 2017.

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DP World's Earnings Grow amid Upswing in Global Trade

DP World

DP World: Global trade sees upswing as geopolitical headwinds continue to pose uncertainty for the container market.

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SCI's Tanker "in Full Command" after Explosion

Tanker

Shipping Corporation of India: Tanker Desh Vaibhav is totally under control following an explosion on board.

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GulfNav Upgrading Fleet ahead of New Environmental Rules

Tanker

GulfNav upgrading its fleet with new technologies to prepare for upcoming environmental regulations. 

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Intertanko: Fuel Contamination Could Become an Epidemic

Bunkering

Intertanko criticizes inaction of maritime authorities regarding problems caused by contaminated fuels.

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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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