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Draft ISO 8217:2016 Standard For Fuel Quality Will Reduce Quality Control Standards And Increase Risk For Shipowners

08/04/2016

Parker Kittiwake, a leading global manufacturer of condition monitoring technologies, has voiced its concerns regarding the proposed amends to the ISO 8217 quality standard for marine fuels, stating that the changes could have a significant impact on fuel quality and

IMO must show action on GHG Emissions At MEPC 69 – says Sustainable Shipping Initiative

05/04/2016

The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today called on the International Maritime Organisation (IMO) to show its true intent to reduce Greenhouse Gas emissions from shipping at the forthcoming Marine

UNCTAD launches novel Maritime Country Profiles

02/04/2016

A maritime country profile provides a basic snapshot of a country’s situation regarding maritime transport and international trade, facilitating convenient cross-country comparisons. The Maritime Country Profiles will be updated regularly as new data becomes available.

Throughout most of history, “maritime nations”

ETI seeks partners for High Efficiency Propulsion System project to increase fuel efficiency of ships

01/04/2016

The Energy Technologies Institute (ETI) in the UK is launching a new project to design and demonstrate a commercially viable High Efficiency Propulsion System for ships which could see fuel consumption reduced by around 8%.

A Request for Proposals has been

Piraeus Port Authority reports a 24% increase in profit after tax in 2015

31/03/2016

The Board of PPA SA approved the annual financial statements of 01.01.2015 – 31.12.2015 period according to which the main figures are the following:

Earnings before taxes amounted to € 9.772.290,19 against €8.891.464,98 in 2014 showing an increase of 9.91%.
Profit

Damen’s answer to reduced oil prices lies in conversion support

30/03/2016

Damen Shipyards Group has developed a committed response to the increasing number of laid up Platform Supply Vessels (PSVs) resulting from the current predicament facing the offshore oil and gas industry. The Dutch company's solution involves converting idle PSVs into

DNV GL ECO Insight signs up as an Incentive Provider for Environmental Ship Index

29/03/2016

DNV GL’s fleet performance management solution ECO Insight has become an incentive provider for the Environmental Ship Index (ESI), a voluntary system designed to improve the environmental performance of sea going vessels. DNV GL offers a 50 per cent discount

Fixed Platform Fundamentals

29/03/2016

The global fixed platform “fleet” consists of over 7,700 installed structures, equivalent in unit terms to 58% of the mobile offshore fleet. Yet the significant role played by fixed platforms in generating requirement for offshore vessels and services (such as

Crude oil carriers market anticipated to expand at 3.5% CAGR from 2016 to 2024, aided by China’s oil imports

25/03/2016

Transparency Market Research has released a new market report titled “Global Crude Oil Carriers Market, by Vessel Type (VLCC/ULCC, Suezmax, Aframax, and Panamax) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016–2024.” According to this report, the global

East Or West, Where Next For West African Crude?

24/03/2016

In 2015, West African crude oil exports are estimated to have totalled 4.3m bpd, equivalent to 12% of global seaborne crude exports. However, West African crude exports accounted for 16% of crude tonne-mile exports last year following recent growth in

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