Shipping

  • Damen supports call for Dutch naval sector...

    Damen Shipyards Group supports the report ‘The Navy and the Netherlands Maritime Cluster – an ecosystem under pressure’, by PRC (Policy Research Corporation). The report calls for increased investment into the Dutch naval fleet via ‘Launching Customer’ projects. 

  • Damen celebrates nine decades of operations in...

    Damen is celebrating nine decades of operations in the shipbuilding industry. From small beginnings in the 1920s, the company has grown into a renowned maritime service provider that employs 9,000 people. With Dutch roots, Damen’s expansion has been global. This growth can be viewed in terms of its yards, service hubs and other subsidiary companies as well as a globally-operating client base. For 90 years, Damen’s vessel designs have successfully served customers operating on all over the world.

  • Hapag-Lloyd sees higher earnings in full year 2017

    German container shipping firm Hapag-Lloyd  said it should achieve higher earnings this year, based on expectations for a moderate increase in freight rates and cost savings. “The outlook is fairly positive,” Chief Executive Rolf Habben Jansen said in a video interview on the company’s website. “Supply and demand are getting closer and closer together.”

  • Changing trade flows and China’s appetite for...

    Global crude differentials have narrowed and higher crude oil volumes are moving from west to east. S&P Global Platts trade flow tool cFlow shows that in April alone, China likely saw the arrival of at least six VLCCs and four Suez-max vessels transporting North American crude. In this video, S&P Global Platts senior analyst Yen Ling Song examines China’s appetite for US crude and how this might affect the flow of supply from Russia.

  • Gwadar Port will boost Pakistan’s, region’s...

    Pakistan’s strategic Gwadar Port, being developed by China under a $50 billion initiative, will have a unique place in Beijing’s ambitious plan to link itself to the Middle Eastern market and expand its economic influence in the region, according to a top Chinese diplomat.

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LNG Emerging as Marine Fuel

The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel.

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LNG Emerging as Marine Fuel

The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel.

English

Dubai mulls $1b shipping investment fund — sources

Dubai is looking into creating a $1 billion (Dh3.67 billion) investment fund focused on shipping to develop the city’s maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say.

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CMA CGM launched new India-Middle East-Africa container services

CMA CGM launched second Midas container service, which will connect India and Middle East with Southern and Western Africa through the Indian Ocean. The container carrier offers its customers a new service to Africa, which will reduce the transit time and will give new ports of call to accompany its classic Midas service. CMA CGM continue developing its service in fast economic developing Indian region and the countries of Africa, trying to benefit from the economic growth of the two areas. The Midas 1 and Midas 2 services will be operated with two partners, through a VSA (Vessel Sharing Agreement) that will allow the deploying of 16 ships on 21 ports of call on both services.

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