Newbuilding Orderbook Takes a Nosedive in Q1

The first quarter of 2016 was hit by a major decline in ordering newbuilds with only 77 new ships ordered by the end of March 2016, Clarksons data shows. This is a substantial drop when compared to the corresponding period in 2015 when a total of 375 ships were ordered. January was definitely the slowest month during […]

Posted by: on Apr 13, 2016 read more

Maritime Crime in South East Asia Drops to Lowest Levels for a Decade While Kidnap, Ransom and Sabotage Surge in Gulf of Guinea

Dryad Maritime, the UK’s leading maritime intelligence and operations company has released its Q1 2016 analysis of globally reported incidents of piracy and crime against mariners. Providing expert analysis and insight on maritime piracy and crime around the world the report explores the global reduction of piracy across international waters during the first three months […]

Posted by: on Apr 12, 2016 read more

Maersk Tankers Adds MR Duo, More Orders to Come When the Price Is Right

Maersk Tankers, tanker arm of the Danish shipping conglomerate Maersk, christened two more newbuilds at Sungdong Shipyard in Tongyong, South Korea, on Friday, April 8th. Named Maersk Teesport and Maersk Tianjing, the 50,000 DWT Medium Range (MR) duo join their sister ship Maersk Tangier that was delivered in February this year as part of the company’s fleet renewal […]

Posted by: on Apr 12, 2016 read more

ITF comment on Panama Papers revelations goes back to 1948

ITF comment on Panama Papers revelations 7 April 2016 received via email The International Transport Workers’ Federation (ITF) is welcoming revelations of tax avoidance and related activities in the leaked Panama Papers this week in the hope that the exposure will lead to a change in the current climate of tacit approval for this kind […]

Posted by: on Apr 12, 2016 read more

Shocking Photo: Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast

Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters, around 30 very large crude carriers (VLCCs) are sitting in the Persian Gulf, and the backlog could cost ship owners more than $75,000 per day. Some could be waiting for weeks to reach the […]

Posted by: on Apr 11, 2016 read more

P&O Cruises’ ship Oceana fails health inspection

Inspectors on Oceana found dirty utensils, hazardous food, and kitchen staff with infectious diarrhoea &O Cruises’ Oceana has failed a US health inspection after officials found dirty cooking utensils, food stored in hazardous conditions, and sick staff working in the kitchen. Officials from the Centers for Disease Control and Prevention (CDC), the leading public health […]

Posted by: on Apr 10, 2016 read more