Middle East & Africa

Global container shipping can expect to enjoy less volatility in freight rates, though not necessarily higher rates, in a market marked by slow demand growth and reduced competition for market share amongst liners.

With the ever growing sizes of ships the nightmare of a $4bn casualty involving an ultra-large containership and cruise vessel was highlighted at breakfast seminar hosted by the Emirates Maritime Arbitration Centre (EMAC).

The Suez Canal Authority (SCA) is extending discounts for LNG carriers between the US Gulf and India eastwards.

Savings in time and cost utilising underwater repairs were highlighted at a recent Institute of Marine Engineering, Science & Technology (IMarEST) UAE branch seminar.

Nigeria plans to set up an international maritime arbitration centre and is seeking investors for shipbuilding and ship repair yards.

If there was one word to describe the last five years in our industry, “unstable” would perhaps be an accurate choice. Demand within the global oil and gas markets has declined, and as a result, the prosperity of the offshore marine market has...

Oman Shipping Company (OSC) is reinforcing its position in the dry bulk cargo market as it expands its fleet with recent newbuilding deliveries from a Chinese shipyard.

V.Group is to supply crew management services to ADNOC Logistics and Services for 93 offshore support vessels.

Emirates Maritime Arbitration Centre (EMAC) and Abu Dhabi Global Market Arbitration Centre (ADGMAC) have signed a Memorandum of Understanding (MoU) to advance arbitration and mediation services across the entire UAE maritime industry.

Shipowners and operators are urged to immediately execute their respective Ship Implementation Plan (SIP) to prepare for the 2020 fuel sulphur regulation which is less than four months away.