Category Archives: Tankers

Box carriers’ on-time arrival rates improve to 63pc, up from Q2

Posted on November 14, 2011 by Editor

DENMARK’s Maersk Line has been named the world’s most on-time carrier among the top carriers as 63 per cent of the world’s containerships were found to have arrived on time in the third quarter, according to Drewry Maritime Research’s latest … Continue reading →

More Galleries | Leave a comment

Work commences on building world’s largest lock on the Scheldt near Antwerp

Posted on November 14, 2011 by Editor

THE port of Antwerp has started construction of the largest lock in the world at the head of the Deurganck dock on the left bank of the River Scheldt as it leaves the Netherlands and enters Antwerp in Belgium. THE … Continue reading →

More Galleries | Leave a comment

India: Global Offshore to buy 3 more ships; to invest Rs 750 cr

Posted on November 13, 2011 by Editor

The Mumbai-based Global Offshore Services plans to acquire three new vessels to take advantage of the expected buoyancy in demand for offshore oilfield services. Order for one of them, costing around $50 million, is expected to be placed in the … Continue reading →

More Galleries | Leave a comment

India: Aban Offshore Secures Three Year Contract for Jack-Up Rig

Posted on November 13, 2011 by Editor

India’s biggest offshore drilling contractor in the private sector, Aban Offshore has won a three year contract worth USD 57 million from ONGC for deployment of jack-up rig Aban II , reported The Economic Times. In a regulatory filing, Aban … Continue reading →

More Galleries | Leave a comment

Pakistan: Port Qasim Terminals Enhances Night Navigation Systems to Handle Large Ships

Posted on November 13, 2011 by Editor

Global marine terminal operator DP World announced that its facility at Qasim International Container Terminal (QICT), Pakistan’s gateway to the world, has expanded its capability to allow it to handle today’s modern, large vessels around the clock. New buoys, beacons … Continue reading →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

Trans-Pacific Rates Rise First Time in Two Months

Posted on November 3, 2011 by Editor

Trans-Pacific spot rates rebounded this week off their 22-month low of last week, rising for the first time in two months, as measured by Drewry Shipping Consultants weekly benchmark. The Drewry benchmark rate for container shipments from Hong Kong to … Continue reading →

More Galleries | Leave a comment

Tanker market volatility more obvious than ever

Posted on November 1, 2011 by Editor

Tanker owners are having to withstand significant challenges when planning out their chartering strategies, as evidenced by the major highs and lows that the markets can experience within a short period of time. The latest analysis from London-based Gibson points … Continue reading →

More Galleries | Leave a comment