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Finance conference speakers take a more optimistic view of shipping market trends -
Abu Dhabi, 8th November 2018: The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant, this year speakers at the one-day conference were generally much more optimistic and upbeat about market prospects, although a number of potential hazards on the road to full recovery were also much in evidence.

Maritime Standard Awards recognises industry achievements -
The fifth annual The Maritime Standard Awards, held on Monday 15th October at the iconic Atlantis Ballroom, on The Palm, was an impressive occasion that demonstrated once again why it is widely considered to be the leading regional awards ceremony for the maritime industry. Hosted by top BBC journalist, Tim Willcox, the Awards were attended by a high-level audience comprising more than 700 executives in shipping, ports, shipbuilding and repair and related sectors, from almost 70 different countries.

Record numbers attend TMS Tanker Conference -
The decision to move this year’s TMS Tanker Conference to The Atlantis Dubai payed off in a big way, with a more than 90% increase the number of attendees in the ballroom. The one-day event, held on Tuesday 16th October, attracted over 220 delegates, a record-breaking number.

Top BBC TV Journalist to host TMS Awards -
This year’s The Maritime Standard Awards will have top BBC TV journalist Tim Willcox as Master of Ceremonies. The Awards, which take place at Atlantis The Palm, Dubai on Monday October 15th, are one of the most prestigious and glittering occasions in the global maritime industry calendar.

Intertanko chairman confirmed to speak at Dubai tanker conference -
One of the main attractions at this year’s TMS Tanker Conference, which takes place on October 15th at Atlantis, the Palm, Dubai, is the keynote speech of the influential Greek shipowner and chairman of Intertanko, Nikolas Tsakos. Mr Tsakos has been chairman of this important organisation which now has more than 200 members, who between them own more than 4000 tankers totalling 353 million dwt, since 2014.

The Maritime Standard reveals finalists for 2018 Awards -
Dubai, 17th September 2018: The full list of finalists for the fifth annual The Maritime Standard Awards, to be held on Monday, 15th October 2018, at the Atlantis, the Palm, Dubai, has been announced. Around 800 high level executives from the worlds of shipping, ports, shipbuilding and repair and other maritime sectors will attend the event, along with leading figures from governmental agencies and international industry bodies, to witness the presentation of these prestigious awards.

The right crane in just a few clicks: Crane Advisor makes it easy to search -


TMS Awards 2018 secures royal patronage -
Dubai, 1st August 2018: For the fifth year in a row The Maritime Standard (TMS) has secured the royal patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates Airline and Group.

TMS celebrates its 100th edition -
Dubai, UAE, 17th July 2018: The Maritime Standard published on July 15th this year is the 100th edition of the online newsletter. The first issue was published in June 2014, and from the beginning TMS set out to meet the shipping industry’s need for fast, accurate information about developments in ports and shipping related businesses in the Middle East and the Indian Subcontinent.

GDPR and updates to our privacy policy -
Hi from UAE Shipping Directory! You’ve probably gotten an awful lot of emails over the past few weeks about privacy policy updates due to the GDPR -- here’s one more from us! On Friday, May 25th, the General Data Protection Regulation (GDPR) takes effect. In case you haven’t heard of it before, according to Wikipedia, this European Union regulation “aims primarily to give control to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.”

Container lines signal more capacity restraint in 2019 -
[caption caption="Carriers withdrew capacity on both the trans-Pacific and Asia-Europe ahead of the peak season third quarter, and while the effects were limited on the European trades, Asia-US spot rates have soared. Photo credit: Shutterstock.com."][/caption]Shippers can expect greater capacity management from container shipping lines going into 2019 as the carriers...

Houston ending extended port gates -
[caption caption="“For one whole year, we have extended our gate hours at Bayport to 11 p.m., encouraging people to bring their freight and use our terminal at off-peak hours,” Executive Director Roger Guenther said. “And the volume of use has been so low that we really can’t afford to do...

Maersk reports profit despite fuel costs; HMM doesn’t -
[caption caption="Maersk Group reported a profitable quarter at $191 million, although the July-September result was a loss of $114 million as unit costs were pushed up by a 47 percent increase in bunker prices compared with the third quarter of 2017. Photo credit: Shutterstock.com."][/caption]The third-quarter earnings of Maersk and HMM,...

Data integrity paramount in current trade climate -
As the trade dispute between the United States and mainland China continues, businesses in the US are beginning to face the harsh reality that the cost efficiencies generated by offshoring production to mainland China are being rapidly negated.A recent Reuters report, citing a business survey conducted by the American Chamber...

Cyber-attack veterans, larger maritime companies best prepared -
[caption caption="The Jones Walker Maritime Cybersecurity Survey found that nearly three-quarters of companies that have suffered a breach or attempted breach said they are prepared for another such attack, while only 14 percent of companies yet to see such a breach said they are prepared. Photo credit: Shutterstock.com."][/caption]Larger US maritime...

SM Line CEO: No plan or path to merger with HMM -
 [caption caption="In an interview, CEO Kim said SM Line is enjoying a strong second half after a loss-making first half, but the carrier says ending the year with a profit is unlikely. Photo credit: SM Line."][/caption]SM Line CEO Kim Chil Bong said there are no plans to merge the carrier...

New cranes will allow Chittagong port to run at full capacity -
 [caption caption="Above: Container trade operations at Chittagong port. Photo credit: Shutterstock.com."][/caption]Chittagong port within a year will have enough cranes and other equipment to fully support its terminal operations, a move that will decrease port congestion since only 80 percent of terminal operations are supported with needed equipment.Inadequate equipment has been a...

DP World’s JNPT Nhava Sheva India terminal wins MSC-led call -
[caption caption="Above: DP World's Nhava Sheva India Gateway Terminal at JNPT. Photo credit: DP World Subcontinent. "][/caption]Nhava Sheva (India) Gateway Terminal (NSIGT) — which DP World touts as its futuristic investment and trade enabler in India’s emerging market economy — has won a new, major consortium call, as ocean carriers continue their alliance/tonnage realignments to lessen operating...

Port Panama City operations recover amid hurricane repairs -
 [caption caption="The port's east terminal (above) was closer to the storm's eyewall and sustained more-severe damage. Photo credit: Port Panama City."][/caption]Port Panama City will be repairing damage from Hurricane Michael for a while, according to Executive Director Wayne Stubbs, but he added "We were fortunate. None of our employees were...

Shippers’ post-Brexit supply chain prep builds -
[caption caption="Davies Turner warehouses on the Thames River near Dartford. The UK forwarder has reported a surge in shippers inquiring about warehousing space ahead of the UK's exit from the EU on March 29, 2019. Photo credit: Davies Turner."][/caption]Supply chain preparedness over the UK’s exit from the European Union in...

Tech deficiency hurting ocean freight invoicing accuracy -
[caption caption="Research earlier this year by Drewry Supply Chain Advisors found that large shippers face ocean freight invoicing inaccuracy rates of 2 to 5 percent, while smaller shippers face rates as high as 30 percent. (Above: Containers at the Port of Los Angeles.) Photo credit: Shutterstock.com."][/caption]It’s no secret that shipping...

E-commerce demand drives unlikely distribution spots -
[caption caption="With consumers demanding ever faster delivery times, shippers are looking for space that helps them meet that demand, including nontraditional warehouse space. (Above: Warehouse/distribution sites in the New York metropolitan area.) Photo credit: Shutterstock.com."][/caption]Fierce demand for warehouse space from which to make last-mile/last-touch e-commerce deliveries, and a chronic supply...

Analysis: US rail efficiency push a mixed bag for intermodal shippers -
[caption caption="An intermodal train in the United States. Photo credit: Shutterstock.com."][/caption]With more and more Class I railroads jumping on the “precision scheduled railroading” (PSR) bandwagon, it seems timely to step back to take a look at what it all means for intermodal.PSR seems to hold the prospect of improved service...

Santos corruption sting fuels Brazil port privatization push -
[caption caption="The port of Santos. Photo credit: The port of Santos."][/caption]The plan by the incoming Brazilian administration to continue an effort to privatize port authorities has received a new injection of momentum after the head of the port authority of Santos, the largest South American port, was arrested earlier this week....

Earnings reports show depth of carriers’ low-sulfur challenge -
[caption caption="Rising volume and revenue by shipping lines — often double-digit increases year over year — has not been accompanied by rates rising to levels that are able to offset the effects of steadily escalating bunker fuel costs. Photo credit: Shutterstock.com."][/caption]The third-quarter results of container lines are revealing how much...

Sponsored Video: Visualizing where containers will be tomorrow -
Sponsored: The development of smart containers will shape the future of the container shipping industry, according to Maurizio Aponte, executive director of Europe for MSC Mediterranean Shipping Co. Aponte spoke to Senior Editor Alessandra Barrett about industry data standardization, the partnership of shipping lines with neutral platform providers TRAXENS, and...

Mundra benefiting the most from India’s transshipment reform -
Above: Mundra port. Photo credit: Shutterstock.com. Ocean carriers to/from India say their transshipment handling increased 20 percent in October versus September, thanks to the cabotage relaxation, and a JOC.com analysis has revealed that the non-government owned port of Mundra has benefited particularly well, due mainly to its price advantages regarding major public...

Strike averted, UPS Freight restarts LTL freight shipping -
  UPS Freight resumed pickups and began accepting freight shortly after Teamsters employees approved a second and 'last, best, final' contract proposal Sunday. Photo credit: UPS Freight. Teamsters employees at UPS Freight approved a new, five-year contract, averting a potential strike that would have hit shippers just as the pre-holiday peak shipping...

Shipper benefit from logistics start-up funding boom murky -
The broader questions when it comes to the compatibility between the venture capital (VC) and logistics worlds are: will the investments benefit end users, and specifically shippers? Is VC funding of startups penalizing well-run, non-VC-backed companies? And do principals at VC funds understand the logistics industry well enough to be...

It’s a holdup: Forwarder wants more to move shipment -
Q: I paid in full an advance invoice to a Chinese freight forwarder and it acknowledged and picked up a carton at the manufacturer’s facility in [mainland] China. There was no further word until I got a shocking email that it had raised its per-kilogram rate, telling me I must pay...

New All-Electric Passenger Ferry for Oslo -
The Fjords will add another all electric passenger vessel to its fleet Legacy of The Fjords which is now under construction at Brødrene Aa. While the operator is certainly not new to the innovative, zero emission ferry market, this 400-passenger…

Training on Ship Fuel Data Collection in China -
The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consumption…

Gemini Marine Appoints Berthon as Sole UK Dealer -
South African Rigid Inflatable Boat (RIB) builder Gemini Marine has announced Berthon as its sole UK & Ireland dealer for its range of military, rescue, commercial and leisure RIBs.Gemini Marine designs and manufactures comprehensive range of cabin and open RIBs for many of the world’s military…

IMO Assists Cuba in Spill Preparedness -
Cuba is the fourth Caribbean country to receive International Maritime Organization (IMO) assistance on spill preparedness in recent weeks, following similar events in Mexico, Suriname and Trinidad & Tobago.An IMO-funded workshop on ‘National…

BGC Enters Shipping, Buys Poten & Partners -
Global financial and technology giant BGC Partners has completed the acquisition of Poten & Partners, a ship brokerage, consulting and business intelligence firm specializing in LNG, tanker and LPG markets.Under the terms of the agreement, BGC acquired 100 percent of Poten…

Klaveness Combination Carriers Extends Contract with South32 -
Norwegian shipping company Klaveness Combination Carriers (KCC) said that it has signed an agreement with South32 Marketing Pte Ltd extending the current Contract of affreightment (COA).According to the owner and operator of combination carriers…

MSC Annouces Container Train between Trieste and Giengen -
Global container shipping lines MSC Mediterranean Shipping Company (MSC) has announced the launch of a new dedicated train set-up between Giengen (a.d. Brenz) and Trieste, starting mid of November 2018.This stand-alone solution finally offers…

Ship Finance International Sells Older VLCC -
Bermuda-based shipowner Ship Finance International (SFL) announced that it has agreed to sell the 2002-built VLCC Front Falcon to an unrelated third party.Delivery to the new owner is expected later this quarter, and the net sales price will be approximately $30.7 million.

BP to Supply Crude to St. Croix Refinery -
BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company…

Glosten, C-Job Sign MOU -
Glosten and C-Job Naval Architects announced a partnership as executives from the two firms met recently at Glosten’s newly opened East Coast office to sign a Memorandum of Understanding (MOU) defining the firms’ shared goals and objectives.“This…