• Regulating ship speed could cut emissions by a...

    Greenhouse gas emissions from three ship types – containerships, bulkers and tankers – could be reduced by a third, on average, by reducing their speed, according to a new independent study that will be presented to the International Maritime Organisation (IMO) next week. The cumulative savings 1. from reducing the speed of these ships alone could, by 2030, be as much as 12% of shipping’s total remaining carbon budget 2. if the world is to stay under the 1.5ºC global temperature rise, the CE Delft study for NGOs Seas At Risk and Transport & Environment, founding members of the Clean Shipping Coalition (CSC), found.

  • Dubai Maritime Cluster Office Signs MoU with...

    The Dubai Maritime Cluster Office of the Dubai Maritime City Authority has signed a memorandum of understanding (MoU) with both Germany’s Maritimes Cluster Norddeutschland and Canada’s Vancouver International Maritime Cluster.

  • Shipping industry robust because ignored by...

    Shipping is the unsung hero of the Cyprus economy. The big success story that seeks no attention or publicity and demands no assistance from the state as it grows and flourishes. It is an object lesson of what could be achieved by capable and committed professionals when there is no interference in their work by politicians, state bureaucrats and trade unions as is the case in all other major sectors of the economy, the growth of which is stalled by these meddling, self-serving groups.

  • Investment and Risk in Shipping: Finding your “...

    Despite the turbulent and challenging conditions currently experienced by many in the sector, shipping continue s to attract keen attention from investors new to the industry. Some inherent investment risks are common to all sectors, but many are peculiar to shipping.

  • Wave of digitisation heading for Dubai shipping

    As a nation with a strong seafaring heritage and global shipping reputation, the UAE is naturally focusing on the maritime sector. It is one of the six priority sectors within the Dubai Industrial Strategy 2030, based on its importance, future growth prospects, export potential and mid to long-term economic impact.

  • Kuwait Oil Company awards major contract to...

    Grandweld Shipyards has secured a contract to design, construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company, and Mr. Jamal Abki, General Manager of Grandweld Shipyards.

  • Asia Develops a Taste for U.S. Oil Exports

    For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.


Top three shipbuilders expect wretched 2018

Seul - While the global shipbuilding industry is showing signs of recovery,Korea’s three big shipbuilders are still in a rut. Next year’s sales will be lower than this year’s. Samsung Heavy Industries announced Wednesday it would increase ITS capital by issuing stock worth 1.5 trillion won ($1.37 billion) by next May


ABS Executive Lays out Vision for Future of Shipping

ABS, a leading provider of classification services to the global marine and offshore industries, participated in the 2017 Marintec China conference in Shanghai, China, where ABS Executive Vice President for Global Marine Dr. Kirsi Tikka chaired a panel session on the marine industry’s journey to autonomy and the collective benefits realized along the way.


BIMCO and FONASBA launch new general agency agreement

BIMCO, the world’s largest international shipowners’ association, and FONASBA, the worldwide organisation representing shipbrokers and ship agents, have once again joined forces to create and launch a new general agency agreement for port agents, shipowners and ship operators contracting port agency services.


Does Bitcoin have a future in shipping?

Google now receives more search requests for Bitcoin than for Kim Kardashian, Beyoncé and Taylor Swift combined. This week, a shipping company announced that it is working on a deal that will be paid in Bitcoin, which is believed to be an industry first. But does Bitcoin have a future in shipping?


Maritime and energy

The changing dynamics of society, coupled with new technologies, both in terms of digital solutions and industrial capabilities, are opening up a new maritime world. Shipping is not lone on the seas, and the companies that have the expertise and skills to support the shipping and maritime sectors may soon be able to find new growing markets in the opening ocean space. This is the second of three initial examinations of new opportunities emerging in ocean economics.


BBVA Launching Blockchain Shipping Solution

Banco Bilbao Vizcaya Argentaria (BBVA) has partnered with Blockchain company Waves to create a distributed ledger technology (DLT) platform for processing and handling shipping document submissions. The system, already being tested, was able to reduce the processing and handling times from 7-10 days, to just 2.5 hours.