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Satellites Reveal Worldwide Ship Traffic Up 300%

Global shipping routes crisscross the world’s oceans. Credit: Grolltech

Maritime traffic on the world’s oceans has increased four-fold over the past 20 years, according to a new study quantifying global ship traffic. The research used satellite data to estimate the number of vessels on the ocean every year between 1992 and 2012. The number of ships traversing the oceans grew by 60% between 1992 and 2002. Shipping traffic grew even faster during the second decade of the study, peaking at a rate of increase of 10 percent per year in 2011. Traffic increased in every ocean during the 20 years of the study, except off the coast of Somalia, where increasing piracy has almost completely halted commercial shipping since 2006. In the Indian Ocean, where the world’s busiest shipping lanes are located, ship traffic grew by more than 300 percent over the 20-year period, according to the research. International trade and the sizes of merchant fleets have both enlarged rapidly over the past two decades, explaining the steep rise in ship traffic, the study reports. The new analysis has been accepted for publication in Geophysical Research Letters, a journal of the American Geophysical Union. Jean Tournadre is a geophysicist at Ifremer, the French Institute for the Exploitation of the Sea in Plouzane, and the study author. The new dataset will provide scientists with invaluable insights into the patterns of ship traffic and the traffic’s effect on the environment, said Batuhan Osmanoglu


A.P. Moeller Shares Bounce Back

Danish A.P. Moeller shares rebounded on Friday after news of its purchase of Dutch tug and salvage company Wijsmuller Group Holding on Thursday, brokers said. The two A P Moeller stocks, D/S 1912 and D/S Svendborg, traded at 69,500 crowns ($7,898) and 91,500 crowns respectively, 2.2 percent and 1.7 percent up from Thursday's close. The Copenhagen bourse's top 20 index KFX was down 0.4 percent at 316.15. Moeller shares have underperformed the KFX index by more than three percent the


Millennium Fever Should Drive Panamax Market Up

Fixing to cover the millennium holiday period is expected to kick-start the Panamax market in the fourth quarter, shipping broker Simpson Spence & Young (SSY) said. "The belief is that the fourth quarter will see a major improvement as people look to fix for the holiday period," SSY said in its latest monthly report. Capesize supply/demand fundamentals were also looking strong for the period, the broker said. However


Kirby Corp. Records Solid Results

Kirby Corp. has apparently had success incorporating Hollywood Marine, a move which effectively created the largest inland barge operator in the country. In February, the company reported earnings per share (EPS) of $0.38, versus $0.31 a year ago. While the company appears strong, poised for further growth, there are some concerns as noted in a research report from Lazard Freres & Co. LLC. Management expects the slowing U.S


Carib Tanker Rates Tank In New Year

Caribbean dirty tanker trades have sustained a massive hit, tumbling from W255 at the end of last week to W202.5, New York brokers said. "The holiday doldrums have left a lot of spare tonnage and that has affected rates. With both Christmas and New Year's Day falling on Mondays this year, we've had two short weeks in a row and the market simply couldn't take that," said one dirty tanker broker. He pointed to Exxon's fixture of the 70,000 tonr Lucky Lady from Covenas to the U.S


Worldwide Ship Traffic Up 300% Since 1992

Global shipping routes crisscross the world’s oceans in this map of shipping lanes derived from a 2008 study of the human impact on marine ecosystems. (Credit: Grolltech)

Satellite data reveals major boost in shipping traffic Maritime traffic on the world’s oceans has increased fourfold over the past 20 years, according to a strudy recently published by the American Geophysical Union which examined international ship traffic. The research, which used satellite data to estimate the number of vessels on the ocean every year between 1992 and 2012, found that the number of ships traversing the oceans grew by 60 percent over the time span


E&P Spending 2000: Boom or Bust?

While the theoretical jury deciding which direction the offshore drilling market will take is still out, recent data suggests that the level of spending internationally will disappoint. Calling a 10.2 percent gain in spending may seem a bit harsh, particularly given the depths to which the market has sunken in the previous two years. But considering that the price per barrel has catapulted from the $10 level early in 1999 to the mid-20's by the beginning of 2000


ABB Wins $26m Marine Repeat Order

Titan+Class_Bird+view.jpg

ABB won a $26m order to supply electrical power and propulsion systems for two next generation ‘Ramform’ vessels, capable of three-dimensional (3D) seismic data acquisition for deep sea resource exploration. The ships will be constructed by Mitsubishi Heavy Industries, and delivered in 2015 to Norway’s Petroleum Geo-Services ASA (PGS), a leading company in marine seismic and reservoir data acquisition, processing and analysis/interpretation services


MHI Contracted for 3D Seismic Survey Vessels

Ramform Seismic Survey Ship: Photo courtesy of MHI

Mitsubishi Heavy Industries, Ltd. (MHI) gets additional order to build 2 seismic vessels for Norway's Petroleum Geo-Services ASA (PGS). The order for the two vessels was placed upon exercise by PGS of the option right that was provided when two same type vessels were ordered to MHI in April 2011. The two newly ordered vessels are scheduled for delivery in the first and second half, respectively, of 2015. With this latest order


US Imports Above Average as Port Contract Talks Continue

Container lift: File photo

Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, and excerpted here. “The negotiations have made progress and retailers have been stocking up


'Mass Casualties' Unless Thailand Meets Migrant Obligations

Thailand, Indonesia and Malaysia should fulfil their obligations under international maritime law by rescuing thousands of migrants adrift at sea and avoiding "mass casualties", shipping experts said on Friday. Thousands of mostly Rohingya Muslims fleeing persecution in Myanmar and


South-East Asian Migrant Crisis

Southeast Asia migrants stranded at sea. Photo by United Nations News Centre

 Thousands of migrants from Bangladeshi and Rohingya Muslims from Myanmar Myanmar are still stranded at sea in south-east Asia in desperate need of food and water.   Like Malaysia, Indonesia and Thailand, the Philippines will push back to sea undocumented Asian “boat


No Word on Hundreds of Migrants Pushed Back to Sea

A migrant boat pushed back to sea by Southeast Asian nations over the weekend has not been heard from for two days, raising concerns about what has happened to the 300 people on board, rights groups said on Monday.   The boat was pushed backwards and forward between Malaysian and Thai


UN: Let Migrants Land in SE Asia

United Nations agencies urged Indonesia, Malaysia and Thailand on Tuesday to step up sea rescue operations and let desperate migrants reach land. In a joint statement, joined by the International Organization for Migration (IOM), they called on the three countries to stop trying to push boats


Polarcus Revenues Down in ‘Uncertain Market’

Polarcus Asima (Photo: Polarcus)

Polarcus Limited released its first quarter 2015 financial statements, reporting revenues of $81.1 million, down 33 percent from same quarter the previous year. The company’s gross cost of sales were $68.7 million, down 13 percent from same quarter the previous year


US Weekly Oil Rig Count Decline Slows

The fall in the U.S. oil rig count slowed this week, data showed on Friday, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60 percent from June to March.   The oil rig count fell by 24 this week to 679 active rigs


US Warships Accompany British Commercial Ships in Strait

U.S. Navy warships have begun accompanying British-flagged commercial vessels through the Strait of Hormuz as a result of Iran's detention of a Marshall Islands-flagged cargo ship last week, the Pentagon said on Monday.   Army Colonel Steve Warren, a Pentagon spokesman, said the U.S


Baltic Military Shadow-boxing Said to Reach Cold War Levels

A daily game of Cold War cat-and-mouse is ratcheting up tensions in the Baltic and drawing the biggest military presence into the region for over 20 years, Swedish military officials say.   Eye-to-eye encounters with Russian combat jets and reports of suspected submarines in Swedish and


EU: Former Operator of Portugal Shipyard Must Repay Aid

The former operator of Portugal's largest shipyard Estaleiros Navais de Viana do Castelo (ENVC) must pay back around 290 million euros ($329.79 million) in public support, the European Commission said on Thursday. It said the new operator WestSea did not need to pay the money as it purchased


Evergreen Launches Vietnam-Singapore-Malaysia Service

In light of the increasing capacity demand, Evergreen Line will launch its new Vietnam-Singapore-Malaysia service (VSM) this month.    The dedicated feeder loop will utilize two A-type containerships of 1,164 TEU. The first sailing of the weekly service will start from Haiphong on May


Evergreen Launches New Shipping Route in SE Asia

Image: Evergreen Marine Corp

 Taiwan's Evergreen Marine Corp. is launching a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN).   Starting today (May 10), two 1,164 twenty-foot equivalent unit (TEU) vessels will take


Floating Storage Picks Up

Floating Storage: Source: Bloomberg / Poten & Partners

 Surprisingly, it seems that the use of VLCCs for floating storage has increased in recent weeks, says a report by Poten & Partners    Information about the ships reveals that about every third vessel on charter contract earlier this year is now being used for floating storage


Crew Winched to Safety Near Skegness

Two people have been winched to safety after their vessel suffered engine failure and began to take on water, the U.K. Maritime and Coastguard Agency reported.   The call came in as a Mayday to Humber Coastguard Operation Centre at 7:36 a.m


Hanjin Swings to the Black

Photo: Hanjin Shipping Co

 South Korea's leading shipping line Hanjin Shipping Co has swung to the black in the first quarter from a year earlier thanks to lower fuel costs and better streamlined shipping routes.   Net profit came to 22.91 billion won (US$21 million) in the January-March period


Malaysia Rejects Migrants Amid Growing Crisis at Sea

Malaysia said on Thursday it would push boats full of migrants back to sea, a policy that has drawn criticism from the U.N. refugee agency as thousands remained adrift in Southeast Asian waters. The UNHCR has said several thousand migrants have been abandoned at sea by smugglers following a






 
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