Shipping

  • Investment and Risk in Shipping: Finding your “...

    Despite the turbulent and challenging conditions currently experienced by many in the sector, shipping continue s to attract keen attention from investors new to the industry. Some inherent investment risks are common to all sectors, but many are peculiar to shipping.

  • Wave of digitisation heading for Dubai shipping

    As a nation with a strong seafaring heritage and global shipping reputation, the UAE is naturally focusing on the maritime sector. It is one of the six priority sectors within the Dubai Industrial Strategy 2030, based on its importance, future growth prospects, export potential and mid to long-term economic impact.

  • Kuwait Oil Company awards major contract to...

    Grandweld Shipyards has secured a contract to design, construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company, and Mr. Jamal Abki, General Manager of Grandweld Shipyards.

  • Asia Develops a Taste for U.S. Oil Exports

    For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.

  • Saudi shipper Bahri sees VLCC market improving by...

    Saudi Arabia’s Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said.

  • Industry-Led Summit To Take Action On Shipping’s...

    A group of international shipping industry leaders will join forces at the 23rd session of the Conference of the Parties (COP 23) to the UN Convention on Climate Change (UNFCCC) in November to drive industry ambition and action on exploiting opportunities presented by decarbonisation.

  • Container shipping on a rising tide

    If only investors in shipping had the equivalent of a mariner’s tide tables. They can see where the low water mark in share prices lies, but must divine for themselves how high the waters might now rise.

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Maersk Calls for Ambitious CO2 Cuts

In a letter released this week, Maersk head of sustainability strategy John Kornerup Bang called for a concerted effort from shipping to reduce its carbon dioxide emissions. 

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Dry bulk shipping charter rates to rise in 2018

Global shipping consultancy Drewry expects dry bulk shipping charter rates to recover from the second quarter of 2018 on the back of strengthening Asian iron ore demand, according to its latest edition of the Dry Bulk Forecaster.

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Regulating ship speed could cut emissions by a third

Greenhouse gas emissions from three ship types – containerships, bulkers and tankers – could be reduced by a third, on average, by reducing their speed, according to a new independent study that will be presented to the International Maritime Organisation (IMO) next week. The cumulative savings 1. from reducing the speed of these ships alone could, by 2030, be as much as 12% of shipping’s total remaining carbon budget 2. if the world is to stay under the 1.5ºC global temperature rise, the CE Delft study for NGOs Seas At Risk and Transport & Environment, founding members of the Clean Shipping Coalition (CSC), found.

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Shipping industry robust because ignored by politicians

Shipping is the unsung hero of the Cyprus economy. The big success story that seeks no attention or publicity and demands no assistance from the state as it grows and flourishes. It is an object lesson of what could be achieved by capable and committed professionals when there is no interference in their work by politicians, state bureaucrats and trade unions as is the case in all other major sectors of the economy, the growth of which is stalled by these meddling, self-serving groups.

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