News

Namibia and Angola must establish a direct regular shipping line to remove the current hassles encumbering the smooth transportation of goods by sea between the two countries. Speaking during a meeting with Trade and Industry Minister Hage Geingob, Angola’s Minister of

Stakeholders in world’s Oil & Gas and Shipping community have scheduled a meeting in London next month to proffer solution to the menace of pirate attacks on vessels and the assets of Oil companies particularly in the West African sub-region.

Electricity company PT PLN plans to construct three gas-fired power plants with a total capacity of 4,500MW in Java, Indonesia.

Sri Lanka based SOLAS Marine has won an order for 80 fast interception craft from the Indian Navy in a deal valued at 3,000 million rupees (67 million Us dollars), a media report said.

China-based private shipbuilder Jinhai Heavy Industries has won its first containership order from UK-based Graig Shipping to build 26 units of 2,000 teu ships.

EXMAR is pleased to announce that the OPTI-EX® floating production system has been successfully delivered to LLOG Deepwater Development Company on July 6th,

Consilium Marine Group, a worldwide supplier of marine products and customer services, and Orange Business Services, a leading global integrator of communication solutions, announces today that they have signed a high-level global cooperation agreement.

Stormy weather has reduced piracy attacks on Kenyan vessels, giving shipping lines and importers a temporary relief from the vice that is stripping them of billions of shillings each year. Attacks on vessels plying the international waters off the Gulf of Aden are expected to remain low in the next three months due to strong winds, experts say.

It was mid-afternoon one day early this year when workers at a factory in the Malaysian state of Perak finished loading more than 700,000 condoms into a shipping container. The container was then driven to Port Klang, the busiest port in the country, and loaded onto a ship bound for Japan.

The Spanish Minister for Defense, Ms. Carme Chacon Piqueras, has pledged to step up collaborations with the Seychelles government in the fight against piracy after participating in a meeting with the High Level Committee on Piracy (HLCP) earlier yesterday.

Late last year a cargo ship made maritime history. It became the first foreign bulk carrier to make a commercial trip across Russian Arctic waters.Carrying over 40,000 tonnes of iron ore, the MV Nordic Barents left Kirkenes port in Norway on 4 September.

GAC Protective Solutions, part of the GAC Logistics group, has issued a warning to mariners transiting the coast of Oman and the Southern Red Sea due to increased pirate activities in these waters.

The International Chamber of Shipping (ICS), which represents all sectors and trades and over 80% of world merchant tonnage, is calling on governments to support a crucial vote, next week, at the London-based UN International Maritime Organization

Four weeks after its launch, the Baltic Exchange’s electronic marketplace for dry freight derivatives, Baltex, is close to achieving the critical mass needed for success with 15 principals and 5 broker members now using the system.

Owners of the largest oil tankers will see their earnings almost double in the second half of the year, from the first six months, on strong Chinese demand and rising Middle East exports, a Reuters poll showed.

Smaller vessel operators could be forced out of Asia-Europe container trade lanes as the deployment of ultra-large container ships puts more pressure on freight rates

Capesize shipping contracts tied to the cost of transporting iron ore and coal rose to a nine-week high as traders speculate on a seasonal increase in cargo in the second half of the year.

Rates for oil tankers on key Asian freight routes are expected to weaken this week on softening freight demand following the release of IEA's emergency oil stocks, shipbrokers said.

The A.P. Moller - Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Through its signatory to the World Ocean Council,

Nippon Yusen Kabushiki Kaisha and Tsuneishi Shipbuilding Co. Ltd. have jointly developed a new energy-saving technology called the MT-COWL, which reduces