Shipping

  • Shipping lines unprepared for cyber breaches

    Most shipowners today have not conducted comprehensive risk analysis to cyber breaches leaving the global merchant fleet very exposed to online attacks. That’s the view of Ronald Spithout, the president of satellite communications giant Inmarsat Maritime.

  • OPEC Chief Sees Oil Producers Closer to Re-...

    Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said.

  • ADANI GROUP EYES GLOBAL EXPANSION

    Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating firm, will begin a feasibility study into building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia’s Selangor state, about 50 km southwest of the capital, Kuala Lumpur.

  • Shipping could find itself in new overtonnage...

    As the growth potential for global trade appears to be limited for the time being, ship owners should continue to look to trim further tonnage supply, in order to avoid a new crisis in the freight market. In its latest weekly analysis, shipbroker Allied Shipbroking said that “with focus being turned on the G7 meeting taking place in Italy this week and part of W-O-W change the main agenda to be discussed being the openness of trade and a hold on the growing trend towards protectionism, the prospects of global growth and its reliance on the openness of international trade are once again on the defense. Global growth has been moving at a sluggish pace for several years now and despite the optimism prevailing the commodities’ trade these past twelve months, it still seems as though there just isn’t enough drive to really getting things moving on a higher gear”.

  • Two ASD Tugs 2411 for Saam Smit Towage to be...

    Wilson Sons Limited (BM&FBovespa: WSON33) announces to its shareholders that the shipyard subsidiary Wilson Sons Estaleiros Ltda, has signed a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil S.A. (“Saam Smit”), to be delivered within twenty months of payment of the first instalment of each vessel.

  • For the bunker industry, 100% sulfur compliance...

    The world’s bunker industry is making progress in inching toward meeting the International Maritime Organization (IMO) global sulfur cap target by 2020, but with less than three years to go, achieving the target in its entirety still looks like a tough climb.

  • UASC mega container ship UMM Salal aground in...

    The UASC giant container ship UMM Salal ran aground in Malacca Strait on 2 nautical miles off Port Klang in Malaysia. The accident happened shortly after boxship left the Malaysian port in the early afternoon en route to Khor Fakkan in UAE

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Ship Demolition Market Hits Standstill, While Shipping Needs More Scrapping To Recover

While all shipping markets are eagerly awaiting for more ship scrapping activity moving forward, in order to be able to alleviate the tonnage oversupply and stage a viable and sustainable recovery, things don’t seem to be able to move that way. In its latest weekly report, the world’s leading cash buyer of ships, GMS, said that “negotiations, fixtures and overall local activity ground to a virtual standstill this week with most end buyers focusing their attention on the budgets of Pakistan and Bangladesh, before deciding on whether to / what to offer on future tonnage”.

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LNG Emerging as Marine Fuel

The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel.

English

LNG Emerging as Marine Fuel

The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel.

English

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