Ljubica Delivered to Jadran Group
A few days after delivering our latest tuna freezer vessel Ljubica to our distinguished customer, the Jadran Group, the ship is already across the hemisphere operatingâŚ
Petrobrasâ Could Cut Logistics Costs by R$1 bi
One of a series of management improvement measures adopted by Petrobras in the last two years, the Logistics Infrastructure Optimization Program (Infralog) shouldâŚ
HMAS Canberra Joins the Fleet
Governor General of Australia, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Prime Minister of Australia, the Hon Mr Tony AbbottâŚ
BIMCO launches the Bunker Non-Lien Clause
BIMCO has today launched the Bunker Non-Lien Clause, aimed at reducing bunker suppliersâ reliance on ship arrest as a means of resolving claims for bunkers ordered but not paid for by time charterersâŚ
Van Oord to Acquire Activities of Ballast Nedam Offshore
Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (EngineeringâŚ
Little Change for Novemberâs Logistics Confidence Index
Little month-to-month change as the November Stifel Logistics Confidence Index increased only 0.1 points to 59.0. Compared to November 2013, the overall index is up 1.9 points howeverâŚ
Russian Assets Sink on Oil price Collapse
Russia's rouble and shares hit new lows on Friday as oil prices collapsed after OPEC decided to leave its output unchanged despite heavy oversupply. At 1000 GMTâŚ
BIMCO wants IMO to Cut Red Tape
BIMCO has today announced its support for a report identifying ways to reduce red tape for shipping which will be presented to the International Maritime Organization (IMO) next week in London.
Shipping Industry Highlights Progress on CO2 Reduction
2.2% of the worldâs total Green House Gas emissions during 2012 compared to 2.8% in 2007. Shippingâs total emissions have reduced by more than 10% during the same period.
Lagersmit, Back to Its Old Name
Starting in December 2014, IHC Sealing Solutions will operate under the new â but also old and trusted â name of Lagersmit. The new pay-off line âThe Origin of SealingâŚ
Concordia Maritime Charters 2 P-MAX Tankers
Concordia Maritime signed time-charter contract for two P-MAX tankers and launched a pool with four vessels. The time-charter contracts are with Stena Bulk and coverâŚ
Royal IHC Launches Subsea 7âs Seven Rio
Royal IHC (IHC) has today successfully launched Subsea 7's 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The namingâŚ
EU Regs on Ship CO2 Reporting Complicates IMO Agreement
ICS Concerned that EU will Preempt IMO CO2 Negotiations. The global trade association for shipowners â the International Chamber of Shipping (ICS) â is disappointed and concerned that the European Union is about to pre-empt negotiations taking place at the International Maritime Organization (IMO) on the collection of data on CO2 emissions from ships, by unilaterally adopting a regional Regulation which will apply to non-EU flag vessels, as well as ships registered in the EU.
Worldâs Largest Boxship is DNV GL classed
CSCL Globe, the worldâs largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013, has been named at Hyundai Heavy Industries (HHI) in Ulsan, South Korea. All of the vessels in the series will be constructed to DNV GL class. âAt DNV GL, we are very honoured to be part of this project. CSCL Globe represents not only the largest, but one of the most energy efficient containers vessels in the world.
Asia VLCC Rates Could Could Climb Even More
Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes couldâŚ
New Players in Singapore Markets in OW's Absence
The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share towardsâŚ
NATO Unconcerned by Russian Warships in English Channel
A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.
Japan Military Wants China "Crisis Management" Pact
Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.
Asian Airlines Pause Before Hedging on Fuel
Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their fuelâŚ
USCG Medevacs Man From Sailboat off NC Coast
The Coast Guard medevaced an injured 62-year-old man from his sailboat Thursday approximately 100 miles east of Kill Devil Hills. Watchstanders at the Fifth CoastâŚ