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Mıddle East & Afrıca News

Maersk retiring Safmarine and Damco brandsMaersk retiring Safmarine and Damco brandsAP Moller - Maersk is retiring the Safmarine brand which will be merged into its global liner offering as the Danish shipping company continues to re-organise its business.02 September 2020 Wednesday 11:0
Bahri orders 10 chemical tankers for $410m from HMDBahri orders 10 chemical tankers for $410m from HMDBahri has inked a $410m agreement with Hyundai Mipo Dockyard (HMD) for 10 chemical tanker newbuildings.22 August 2020 Saturday 11:00
Oman bans open-loop scrubbersOman bans open-loop scrubbersOman has joined the list of countries that ban the use of open-loop scrubbers from its waters.04 August 2020 Tuesday 10:40
Dubai facilitates crew change of 3,000 seafarersDubai facilitates crew change of 3,000 seafarersJust two weeks after announcing the resumption of crew change Dubai has seen the exchange of some 3,000 seafarers.28 July 2020 Tuesday 13:10
Crude tankers need ‘sizeable correction’ to supply for rates to improveCrude tankers need ‘sizeable correction’ to supply for rates to improveCrude tanker freight rates are unlikely to recover anytime soon unless there is a sizeable correction in vessel supply, according to analyst Drewry.24 July 2020 Friday 15:35
Asian waters account for largest share of ships lost at seaAsian waters account for largest share of ships lost at seaIncidences of large vessels lost at sea have occurred mostly in Asian waters, even as such losses on a global basis are at a record low in 2019, according to a review by insurer Allianz Global Corporate & Specialty (AGCS).17 July 2020 Friday 10:20
Dubai strengthens bunkering fleet as maritime operations resumeDubai strengthens bunkering fleet as maritime operations resumeUAE’s Dubai Maritime City Authority (DMCA) has strengthened its bunkering fleet in Dubai waters as the city lifts restrictions for maritime activities following the completion of the National Disinfection Programme.14 July 2020 Tuesday 13:40
Low demand and capacity withdrawal to persist for container shippingLow demand and capacity withdrawal to persist for container shippingContainer shipping is expected to see current low demand levels persisting, consequently leading to high levels of capacity withdrawals, according to analyst Sea-Intelligence.30 June 2020 Tuesday 11:13
Slowing LNG shipping market looks to LNG power generation for boostSlowing LNG shipping market looks to LNG power generation for boostThe niche LNG-to-power segment that is budding in the background may inject a much-needed boost to generate more activities for the LNG shipping market, according to analyst Drewry.30 June 2020 Tuesday 10:37
Shipping coping well with IMO 2020, but dispute cases may riseShipping coping well with IMO 2020, but dispute cases may riseWhile the quality of VLSFO has presented little problems to the industry, this is not so much the case in terms of the number of disputes, according to Rosita Lau, partner at law firm Ince & Co.22 June 2020 Monday 13:54
Milaha reorganises to expand services for shippingMilaha reorganises to expand services for shippingMaritime and logistics firm Milaha has announced a reorganisation to focus on core business growth by creating a new strategic pillar on marine and technical services.22 June 2020 Monday 11:55
Shandong Port Group and Rizhao Port jointly develop international businessShandong Port Group and Rizhao Port jointly develop international businessShandong Port Overseas, a unit of Shandong Port Group, has signed Memorandum of Understanding (MoU) with Rizhao Port to jointly develop international markets.18 June 2020 Thursday 16:15
Oman Shipping Co signs $35m sustainable finance dealOman Shipping Co signs $35m sustainable finance dealOman Shipping Company (OSC), a member of ASYAD Group, has agreed a sustainable financing deal described as the first of its kind both in Oman and for Standard Chartered Bank in the Middle East.13 June 2020 Saturday 10:38
Container fleet to shrink with prices and rates on slow recovery from COVID-19Container fleet to shrink with prices and rates on slow recovery from COVID-19The novel coronavirus (COVID-19) pandemic will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020, according to analyst Drewry.01 May 2020 Friday 14:35
10 seafarers kidnapped from product tanker off Nigeria10 seafarers kidnapped from product tanker off NigeriaTen seafarers are reported to have been kidnapped by pirates from the product tanker Vemahope off Nigeria.01 May 2020 Friday 13:40
Bunker prices slip, high-low sulphur spread narrows to $56Bunker prices slip, high-low sulphur spread narrows to $56Marine fuel prices have dropped significantly this week with the low sulphur grade nearing below $200 per metric tonne (pmt), narrowing its price differential with the high sulphur grade.27 April 2020 Monday 09:55
Pirates kidnap seven crew from MSC boxship off GabonPirates kidnap seven crew from MSC boxship off GabonSeven crew members onboard container vessel MSC Talia F have been kidnapped by pirates in the Gulf of Guinea, off the coast of Libreville, Gabon.23 March 2020 Monday 10:35
IMO 2020: Low sulphur fuel prices surge, discount to MGO vanishesIMO 2020: Low sulphur fuel prices surge, discount to MGO vanishesWith the coming into force of IMO 2020 very low sulphur fuel oil (VLFSO) prices have surged since mid-December nullifying the discount to marine gas oil (MGO).11 January 2020 Saturday 10:31
DP World inks 30-year concession for Jeddah South Container TerminalDP World inks 30-year concession for Jeddah South Container TerminalDP World has inked a 30-year Build-Operate-Transfer (BOT) concession with the Saudi Ports Authority (Mawani) for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.25 December 2019 Wednesday 10:12
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