Maritime executive - Articles - Page 11

Restrictions on Vessels' Nitrogen Oxide Emissions Effective in 2016, But Only in Certain Areas

April 10, 2014

The International Maritime Organization's Marine Environment Protection Committee has reached agreement on the entry into force date of new, stricter requirements for ships' emission of nitrogen oxide (NOx) in emission control area.

Market for Multipurpose, Heavylift Vessels Said to Improve

April 9, 2014

Maritime Executive

Drewry's latest Multipurpose Shipping Market Review and Forecaster report anticipates better times ahead for the sector following a tough 2013.

Container Shipping Industry Likely to See Continued Alliances or Mergers, Study Says

April 2, 2014

Maritime Executive

Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings says.

News That Trio of Ocean Shipping Giants to Join Forces in Mid-2014 Causes Some Concern

March 26, 2014

Maritime Executive

An alliance of the world's top three container shipping firms which could control more than a third of the market is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved by U.S. regulators.

Why Do U.S.-Owned Private Maritime Security Teams Keep Getting in Hot Water?

March 20, 2014

Maritime Executive

Why do U.S.-owned private maritime security teams continually get in trouble on ships overseas? Does the U.S. adhere to a lower standard than the rest of the world when it comes to private maritime security? The answers may surprise you.

Recovering Shipping Industry Sails Back from the Brink

February 13, 2014

Maritime Executive

The shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight rates since the end of a shipping boom in 2008.

Will Natural Gas Become the Main Fuel Powering Transportation?

February 7, 2014

Maritime Executive

Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service stations on water and land.

Where Do All Those Old Ships Go to Die? Many to Substandard Beaching Facilities.

February 6, 2014

Maritime Executive

NGO Shipbreaking Platform, a global coalition of organizations seeking to prevent dirty and dangerous shipbreaking practices worldwide, has published the complete list of ships that were dismantled around in the world in 2013. Of the 1213 large ocean-going vessels that were scrapped in 2013, 645 were sold to substandard beaching facilities in India, Pakistan and Bangladesh, says the group. Approximately 40 per cent of these ships were EU-owned.

UASC's New Vessel Order Tops $2Bn

February 5, 2014

Maritime Executive

United Arab Shipping Company (UASC) has exercised options for six additional 14,000-TEU vessels bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC's history, worth over $2bn, including all options. The order features vessels that will be amongst the largest, most technologically advanced, and most environmentally friendly container vessels ever built.

Brazil Backs Billion-Dollar Port in Cuba

January 30, 2014

Maritime Executive

Cuba on Monday inaugurated a $957m port billed as the most modern in Latin America and crucial to the economic future of the communist-ruled island in a project financed by Brazil and equipped for ships passing through an expanded Panama Canal.