The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050, when it will account for over 29% of the world’s energy supply…
The Shanghai port has topped UNCTAD’s 2019 ranking of the world’s best-connected ports, released yesterday (7 August).The Chinese port garnered a connectivity score of 134 points, followed by the ports of Singapore (124.63 points), Pusan (114…
The global shipping containers market, which amassed $9.29 billion in 2017, is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.According to a report by Allied Market Research, surge in seaborne trade, rise of transportation services…
Global dry bulk fleet utilization (calculated as total demand in tonne miles transported divided by total available fleet capacity) dropped by 1.4% in the fourth quarter of 2018, reflecting the trend observed in the rate environment.According…
VT Halter Marine was selected for Phase 1 Preliminary/Contract design for the National Oceanic and Atmospheric Administration (NOAA) AGOR Variant (NAV). For the NAV program VT Halter Marine teamed with Gibbs & Cox, Inc. to provide NAVSEA and…
BIMCO, the largest of the international shipping associations representing shipowners, has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP)…
A new initiative in light of the International Maritime Organization’s 2019 World Maritime Day theme, ‘Empowering Women in the Maritime Community' is launched in India.Sanjam Sahi Gupta of Sitara Shipping Ltd said that the company has launched three surveys to gather data from employers/owners…
The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and…
Lloyd’s Register (LR) and University Maritime Advisory Services (UMAS) have released “Zero-Emission Vessels Transition Pathways.”The study, according to LR, aims to show what is needed to enable the transition, both at the ship and supply infrastructure level…
Only 16 percent of U.K. ports and harbor authorities have made “significant or practical” plans for Brexit, according to a survey.Leaders at almost every UK port and harbour authority – in total around 100 - were asked about their state of readiness…
US Coast Guard and other federal agencies are operating at a reduced capacity following US government shutdown, said North of England Protecting and Indemnity Association (North P&I Club).Since 21 December 2018, the US Government has been in…
Confidence in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL, the technical advisor to the oil and gas industry.According to a new research from DNV GL…
Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter, according to the results of Drewry’s Benchmarking Club Contract Index.The cost reduction, based on contract freight rate data provided confidentially by Asian…
Shipping confidence dipped slightly in the three months to end-November 2018, according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens.The average confidence level expressed by respondents fell to 6…
The International Transport Workers' Federation (ITF) warns that a major accident on the Panama Canal could be imminent, highlighting the serious health and safety concerns related to the fatigue of tugboat captains.The new report takes the Panama Canal Authority (PCA) to task with tiredness…
