The Maritime Standard Tanker Conference 2017 - date and location confirmed
The second annual The Maritime Tanker Conference will take place on Tuesday 24th October 2017 at the Grosvenor House Hotel in Dubai. The event is expected to attract over 150 top executives from across the regional tanker business, as well as global participants.
The Directory Printed Book 2017 is available now
The Directory Printed Book 2017 is available now
You can contact us to get the printed paper version or browse the online version and download the desktop software of the printed directory book.
The Maritime Standard Awards 2017 aims to set the bar higher still
The region's leading maritime industry awards, officially launched today, are now in their fourth year. They will celebrate and reward the achievements of the best and brightest stars in the industry across the Middle East and the Indian Subcontinent, from the shipping, ports and related maritime sectors, at a glamorous, high quality gala dinner in Dubai
DEXTER Sea Storage area for shallow water vesselsand barges in UMM AL QUWAIN
Sea Storage area for shallow water vessels
and barges in UMM AL QUWAIN
CERTIFICATE OF APPRICIATION for AL SOL MARINE SERVICES
Event held on 28-Feb-2017 at KOTRA Office located in Arenco Tower, Dubai & AL SOL MARINE SERVICES represented by Mr. JAMES STANLEY MARTIN awarded with "CERTIFICATE OF APPRICIATION" by Ministry of Trade, Industry & Energy (Government of Korea).
Tanker conference highlights regional growth opportunities
The inaugural The Maritime Standard Tanker Conference, which took place at the Grosvenor House Hotel, Dubai, on 25th October, highlighted the scope that exists for sustained growth and expansion within the region's tanker sector, provided investment is sustained and cooperation between various participants is strengthened. It attracted a high quality audience of around 150 people, including delegates from leading owners and operators from across the region.
Top class panel of speakers assembled at TMS Ship Finance and Trade Conference
The second annual The Maritime Standard Ship Finance and Trade Conference will take place in Abu Dhabi on November 14th. The theme of this year’s conference is “Beating the downturn; investing to be ready for the upturn.” A top class panel of speakers has been assembled to address some of the key issues facing the industry as it seeks to chart a course for long term recovery. The conference sessions will deal with a number of themes, including regional trade patterns, ship finance and ports and shipping.
Awards maintain Standard for excellence
The third annual Maritime Standard Awards, held on Monday 24th October at the iconic Atlantis Ballroom, on The Palm, have raised the bar still higher for regional awards ceremonies. Hosted by well-known TV journalist and former CNN anchor, Jim Clancy, and model and presenter, Dubai’s own Rania Ali, the Awards attracted a high calibre audience of around 700 executives from across the shipping, ports and related sectors, from close to 70 different countries.
Finalists announced for TMS Awards
Over the past few weeks an elite panel of judges have been evaluating a record number of nominations for a total of 19 different categories for The Maritime Standard Awards 2016. It has been hard job to whittle this down to a short list, but they have done so. The standard of entries was extremely high, and all of those who entered should be commended for their excellent submissions.
Nomination deadline extended for The Maritime Standard Awards 2016
Nominations now close on August 18th so you have just eight days to submit your entries. Nominate today! #TMSAwards2016
Yusen Logistics swings into the red on weak revenue
Yusen Logistics is one of Japan's top three freight forwarders.
Yusen Logistics said on Friday that it posted a net loss of 2.51 billion yen ($22.6 million) on a consolidated basis in fiscal 2016, as revenue declined sharply and extraordinary losses more than doubled despite higher volumes.
The Japanese international freight forwarder...
OOCL reports robust revenue, volume on east-west trades
Business appears to be looking up for Hong Kong's OOCL.
Orient Overseas Container Line has reported dramatic increases in container volumes and revenue on the Asia-Europe and trans-Pacific trades in its first-quarter operational update.For the three months ending March 31, the Hong Kong-based carrier loaded 1.47 million TEU, 7 percent more...
Asia-Europe rates rise sharply ahead of May 1 GRIs
Asia-Europe spot rates rose at the fastest clip in more than a month this week.
Asia-Europe spot rates shot up 16 percent to a three-month high ahead of May 1 general rate increases, according to the latest reading of the Shanghai Shipping Exchange’s SCFI.The rate topped $1,021 per TEU, breaching the...
Japan's Big Three expect profitable turnaround
The container divisions of NYK Line, MOL, and "K" Line will merge into a new company that will start operating in April 2018.
Japan’s three main shipping lines have forecast a profitable turnaround in their 2017/18 financial year that will come to an end as the three carriers launch a new...
Brazilian ports prep for general strike
Itajai is just one of the many ports in Brazil that will see operations disrupted by a general strike on Friday.
Shippers using Santos and other major Brazilian ports are preparing for a general strike as the country’s population lashes out at its president and his economic reforms.
“Every port will be...
US logistics demand accelerates warehouse absorption
Surging e-commerce demand is driving up the costs of industrial real estate around the United States.
International trade and e-commerce fulfillment drove the absorption of 53.8 million square feet of warehouse and distribution space in the first quarter, well above the quarterly absorption average during the current seven-year expansion. The tight...
Charleston attracts share of US Gulf resin exports
Several features of the Port of Charleston have made it attractive to shippers of plastic resins.
The Port of Charleston is counting on new rail-to-ocean packaging and transloading facilities to attract more synthetic resins from the US Gulf Coast and increase the port’s 3.5 percent share of the market.
Two recent announcements...
Swift, Knight struggle with truckload rates, costs, capacity
Knight Transportation's merger with Swift Transportation will create a company valued at $5.1 billion.
Knight Transportation and Swift Transportation are striving to get smaller before their merger makes them, combined, bigger. The truckload carriers, which plan to merge by the end of the third quarter to create the largest US truckload...
Lufthansa Cargo back in the black
Lufthansa Cargo has been setting up partnerships with other airlines over the past year.
Lufthansa Cargo has swung back to profit, helping its parent company to book the best first quarter in 10 years.
Europe’s leading air cargo airline earned 33 million euros ($36 million) before interest and tax, a 52-million-euro turnaround...
NAFTA uncertainty looms over supply chains
The uncertainty of North American trade has loomed since Trump railed against the North American Free Trade Agreement (NAFTA) — calling it the “worst trade deal.” Discussions have focused on how trade relations among the United States, Mexico, and Canada may change under the Trump administration. Now, with the assembly...
Seaspan delays newbuild deliveries after earnings slide
It will be another year before Seaspan takes delivery of a ship.
Seaspan Corporation’s earnings and revenue declined in the first quarter from a year ago as the company revealed it has delayed the delivery of two 10,000-TEU newbuilds.
The revenue and earnings declines were due to lower short-term charter rates and...
'Economic momentum' helps ODFL boost revenue, profit
Old Dominion Freight Line managed to make rate increases stick in the first quarter.
Increased “economic momentum” directed more less-than-truckload (LTL) shipments to Old Dominion Freight Line (ODFL) in the first quarter, boosting the trucking company’s revenue 6.6 percent year-over-year to $754.1 million, and net profit jumped 9.1 percent to $65.8 million.
That’s a strong...
Cargolux profit shrinks as volume rises
Cargolux has struggled to be profitable since 2011.
Cargolux posted a sharply reduced profit and lower revenue in 2016 even as traffic at Europe’s largest all-cargo airline increased more than twice the global market growth rate.
The Luxembourg-based carrier’s profit fell to $5.5 million from $49 million a year earlier as revenue...
Europe, Americas fuel growth at DP World
Traffic at DP World's Gulf flagships rose nearly 2 percent in the first quarter.
DP World’s container traffic grew 5.7 percent in the first quarter, driven by strong performance at its terminals in Europe and the Americas.
The Dubai-based port operator handled 16.4 million TEU across its global portfolio of 78 coastal...
Maersk Line separates tech divisions to drive digitalization
Maersk Line is aggressively pursuing efforts to digitalize the shipping process.
Maersk Line is setting up separate internal information technology (IT) and digital divisions as part of a range of measures to speed up the digitalization of shipping processes and the products and services offered to customers.
The move seeks to solve a core...
Japanese air cargo poised for more growth
Growth in Japan's air cargo market is projected to be somewhat slower than last year.
Japan’s international air cargo trade will rise for the second successive year in fiscal 2017, soaring 7.1 percent to 2.3 million tonnes, according to Nittsu Research Institute and Consulting Inc. (NRIC).
After diving 6.7 percent to 2...
Solid demand lifts Asia air cargo by double digits
Asia-Pacific airlines reported robust cargo growth in March, with Cathay Pacific posting a 15.4 percent increase in freight carried during the month.
Asia-Pacific’s air cargo market is expanding strongly with rising import-export activity filling freighters and the bellies of passenger aircraft across the region.Traffic figures for the month of March released...
Maersk, Microsoft team up to provide demurrage, disruption alerts
The Maersk Group has announced several technology initiatives in recent months.
With the help of Microsoft, Maersk Line plans to roll out customer software applications in the third quarter that will help beneficial cargo owners track containers and manage cargo as it moves across the globe, including through customs.
Ibrahim Gokcen, chief...
C.H. Robinson sees truckload rates drop despite volume gain
Excess capacity is blunting the impact of rising volumes on trucking pricing.
Freight demand in North America appears to be rising, but the latest earnings report from the largest US freight broker shows truckload pricing is lagging. North American freight volumes at C.H. Robinson Worldwide spiked across all modes in the...
Yang Ming needs millions or market recovery to keep cash flowing
As with other container lines, Yang Ming benefited from a strengthening market in the fourth quarter.
Yang Ming said it will announce new investors after trading of its shares recommences on May 4, with one maritime analyst estimating the carrier needs at least $300 million in equity injections within the next...
Tuco Debuts New Light Dive Vessel
Tuco Marine has presented its new vessel dedicated to the diving and subsea market, the ProZero 12m LDV Light Diving Vessel. The boat is designed and optimized to serve as a platform for subsea operations and support of up to three divers. Diving operations include underwater inspection…
BOURBON to Install Mooring for Floating Wind Turbine
French offshore marine services company BOURBON said it has been awarded a contract for the mooring installation of the first floating wind turbine in France at the experimental test site of SEM-REV managed by Ecole Centrale de Nantes (ECN), in the context of European project FLOATGEN.
Maersk to Pay $4 Bln for Hamburg Sud
The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday. Combined, the two companies will be able to realise annual operational savings of about $350 million to $400 million…
BW Offshore to get FPSO from Keppe
Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore. When completed BW Catcher will be on a 7-year fixed term…
Impacts of Bio-fouling
The issue of biofouling has been under the microscope at a series of national workshops delivered by International Maritime Organization (IMO), most recently, a national workshop held in Antananarivo, Madagascar (25-27 April). All ships can…
Hyundai Heavy Sails Back to Profit in Q1
Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group. This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10.76 trillion won.
US Navy to Christen Submarine Indiana
The Navy will christen its newest Virginia-class fast attack submarine, the future USS Indiana (SSN 789), during an 11 a.m. EDT ceremony Saturday, April 29, at Huntington Ingalls Shipyard in Newport News, Virginia. Vice President Mike Pence…
Maritime Educators on Energy-Efficient Ship Operation
Maritime educators from Panama and Jamaica are taking part in an International Maritime Organization (IMO) training workshop to introduce the topic of energy-efficient ship operation into their teaching curriculums. The workshop, taking place in Panama City…
HMAS Ballarat Exercises with Canadian Navy
Royal Australian Navy Frigate HMAS Ballarat has completed a range of underway exercises with Royal Canadian Navy ships HMCS Ottawa and Winnipeg in the waters of South East Asia during Ballarat's South East Asia deployment. The exercises, conducted in international waters from 19-21 April…
DSME Turns Profit in Q1
Daewoo Shipbuilding & Marine Engineering (DSME) swung to the black in the first quarter of the year from a year earlier, largely thanks to cost-cutting measures, reports Yonhap. The Korean shipyard reported an operating profit of 292 billion won ($257.57 million) for the January-March quarter…