Blog – Page 3194 – Seaview Corporate

Dry Bulk: Higher Than Expected Demand is Pushing Freight Rates Higher, But Supply is Also Not Falling Fast Enough for a Sustained Recovery

Dry bulk ship owners must avoid getting “caught up in the moment”, as market rates have improved significantly over the past couple of months, warns BIMCO’s Chief Shipping Analyst, Mr. Peter Sand, in an exclusive interview with Hellenic Shipping News Worldwide (www.hellenicshippingnews.com). After all, the market is still not profitable for most owners and with …

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Ship owners should start planning for the 2020 sulphur cap, as time frame is closing rapidly says DNV GL

The next few years are bound to change a major part of the way that the shipping industry is operating, as there will be a tectonic shift in fuels used and as such, major conversion and retrofit projects on existing vessels, as well as planning for future-proofing current newbuildings, need to be set in motion …

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John Fredrisken’s Slow Steaming Policy, Angelicoussis’ number of vessels on ballast or laden, new trading patterns are now directly available through Vessels Value’s new online tool

Ship owners and shipping executives in general are often facing challenging decisions, when it comes to vessel employment and strategic planning of their fleet. As such any useful information is in fact added value. To this extent, ship valuations experts VesselsValue just launched a new online product, called VV Trade, which analyzes global trading patterns, …

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Maritime Terrorism, Cyber Crime, Kidnappings and Ransoms are the “New Somalia” For Today’s Shipping Industry

A few years back it was Somalia which took the maritime world by force, awakening ship owners to a new reality of maritime dangers. Today, when most people seem to think that these are now perils of the past, the realities of maritime shipping are much more dangerous and complex, just not so much in …

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Nakilat Damen Shipyards deliver five workhorses for Hamad Port

Hamad Port has five new workhorses after Nakilat Damen Shipyards Qatar (NDSQ) delivered three mooring and two pilot boats as part of an 11-vessel order for Qatar’s flagship port. With a top speed of 25 knots, the two Damen Stan Pilot 1505 pilot boats, Um Alhoul 1 and Um Alhoul 2, will be used to …

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DP World announce $608m first half profit

DP World has announced a 50.2% increase in profit attributable to shareholders of $608m for the first half of 2016 and says it remains well placed to “continue to outperform the market” despite on-going global trade uncertainty. The global terminal operator unveiled a 10.2% growth in revenue to $2.09bn in its half year report to …

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Fujairah Offshore Anchorage Area expands

The repositioning of an underwater fibre-optic cable is set to see the critical Port of Fujairah Offshore Anchorage Area become even busier. An additional 24 anchoring positions will come on stream once the cable is moved, taking the total to 133. Lying outside the Straits of Hormuz, Fujairah is a key service point for many …

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Berge resignation confirmed as ASRY outline “seamless" transition to Mustafa

Bahrain-based Arab Ship Repair Yard (ASRY) has confirmed the shock resignation of chief executive Nils Kristian Berge, saying the Norwegian is to return home for family reasons. As Seatrade Maritime News revealed yesterday on breaking the news of Berge’s unexpected departure, Magdy Mustafa has been named acting chief executive. In a brief two paragraph statement, …

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It’s shipping, Jim, but not as we know it

DP World has gone all sci-fi, unveiling a partnership with a US company it hopes will eventually lead to the movement of containers between its flagship port at Jebel Ali and a new inland container depot in Dubai via Hyperloop technology. The global terminal operator signed an agreement with Hyperloop One in Los Angeles recently …

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Port of Salalah spearheads growth at Oman terminals

If the recent call of MSC Zoe is any indication, the 27.6% increase in container volumes recorded by Port of Salalah in the first half of 2016 is a sign of things to come. The 19,224-teu behemoth, which stands alongside MSC sisterships Oscar, Oliver and Maya as the world’s largest operational boxship (by teu capacity), …

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