Shipping

  • 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.

  • 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. 

  • 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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Smart shipping is the key focus of ISSS summit

Major players from global ship owning, shipmanagement and associated service industries such as satellite communications and maritime clusters are among the confirmed speakers at the Fourth International Shipowning and Shipmanagement Summit (ISSS), to be held during London International Shipping Week 2017.

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Greece As A Shipping Cluster Needs More Work To Succeed

Over the last decades, the global shipping industry has been one of the major factors of the globalization process. At the same time, the shipping industry is itself being transformed by growing international trade, market integration and the shifting balance of economic power from developed economies to rapidly growing lower wage economies. As shipping-related economic activities are also becoming more globalized, cities and states have to compete to attract international maritime companies.

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OPEC, Non-OPEC Global Oil Supply

The 13 OPEC countries produced about 36.4 MMbbl/d of crude oil and condensate in 2016, the highest in the past several years. Threatened by the U.S. shale boom, the group led by Saudi Arabia decided to fight for market share in 2014, resulting in an industry downturn as oil prices completely collapsed.

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