Author Archives: Editor

Container ship size linked to bunker price

Posted on November 12, 2011 by Editor

Container ship operators are ordering ever larger vessels even in the face of a weak freight and time charter environment during 2011, says Braemar Seascope. This may appear to be counter-intuitive. In fact, it reinforces a trend that is at … Continue reading →

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Modern Piracy Tactics and Challenges

Posted on November 12, 2011 by Editor

Following on in a series of op-eds submitted by BDS, Allison Maykuth discourses on the maritime security-related issue of evolving tactics of pirates as they meet the challenges of the international forces and organisations. The consequences of maritime piracy continues … Continue reading →

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Tanker fixtures rise in October offering ship owners hope for a brighter future

Posted on November 12, 2011 by Editor

In its latest monthly report on the oil and tanker market for October, OPEC said that the organization’s spot fixtures increased by 5% in October to average 11.8 mb/d, up from 11.23 mb/d in September, as per preliminary data. The … Continue reading →

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Private navy to protect vessels against pirates – at US$30,000 per ship

Posted on November 12, 2011 by Editor

A PRIVATE navy of small gunboats, likely to fly the Cypriot flag, is expected to be on patrol in five months to escort ships and protect them against pirate attack as they transit the Gulf of Aden. A PRIVATE navy … Continue reading →

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Turkish boxship “Cafer Dede” ran aground at Greek Island

Posted on November 12, 2011 by Editor

Cargo ship ran aground during last night at rocks of the southeast area of Greek island, Syros. The cause is still unknown and there has not been reported inflow or injury. There has not been reported inflow or injury so … Continue reading →

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Cargo to U.S. Drops for First Time Since End of 2009

Posted on November 9, 2011 by Editor

U.S. imports on the world’s biggest trading route are dropping for the first time in almost two years as consumer confidence weakens to the lowest level since the recession that ended in 2009.Container volumes on the Asia-to-U.S. route fell 3.8 … Continue reading →

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Union: Armed guards no substitute for on-board soldiers to fight pirates

Posted on November 8, 2011 by Editor

ARMED guards aboard ships in pirate infested waters off the Horn of Africa, will not substitute for naval protection, according to the International Transport Workers’ Federation (ITF), reports London’s Tanker Operator. ARMED guards aboard ships in pirate infested waters off … Continue reading →

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Iraq projects may push oil output to 12.5m bpd

Posted on November 8, 2011 by Editor

Iraq’s oil production may rise to more than 12.5 million barrels a day (bpd) from about 2.4 million bpd by 2017 if things proceed as per plan, Iraq-based Rabee Securities said in a research report. “This growth in oil production … Continue reading →

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Shanghai to Offer Incentives to Shipping-Related Industries

Posted on November 8, 2011 by Editor

 As a city striving to become an international shipping center, Shanghai is brewing a complete package of favorable policies for its shipping-related industries. The new policies are hoped to significantly bring down shipping companies’ tax liabilities to levels similar to … Continue reading →

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Somalia Piracy Spurs Private Navy to Start Within Five Months

Posted on November 8, 2011 by Editor

The company behind the world’s first private navy to protect merchant ships against Somali pirates plans to start armed escorts through the Gulf of Aden within five monthsafter attacks rose to a record this year. Convoy Escort Programme Ltd., backed … Continue reading →

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