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Iraq’s AISSOT set to grow bunkering operations after completing deliveries to 500 ships

After completing bunker fuel deliveries to over 500 ships since September 2017, Iraq’s Al-Iraqia Shipping Services & Oil Trading was on track to grow its physical supply operations further, AISSOT’s director for bunkering Praveen Jaiswal said Tuesday. In September 2017, AISSOT had completed its maiden supply of bunker fuel at Basra, Iraq. AISSOT’s bunker sales [...]

By | June 13th, 2018|News|0 Comments

New insights into China’s Maritime Silk Road

It is a concept which could boost global seaborne trade by assisting economic progress in many countries. China’s 21st Century Maritime Silk Road has attracted great interest internationally, intensified by other possible impacts of the plan. During the past twelve months there has been progress, as well as setbacks, and the main features have become [...]

By | June 12th, 2018|News|0 Comments

Why Geopolitics Matters to the Global Shipping Industry

The shipping sector is poised to make progress toward financial recovery in 2018, but uncertainty over trade and security relationships will be compounded by a variety of other constraints. Rising fuel costs, the introduction of larger vessels and new environmental regulation standards could result in slower growth. Even as Washington and Beijing reach a preliminary [...]

By | June 12th, 2018|News|0 Comments

Crude Tanker Market Waiting for News on the Oil Price Front

A few years back, when oil prices were tumbling down, there was a sense of optimism among ship owners active in the tanker market, as there was the expectation that lower prices would yield more demand. This time around, an opposite scenario, coupled with geopolitical tensions around the world, seems to be developing. In its [...]

By | June 12th, 2018|News|0 Comments

German container line Hapag-Lloyd scaling back Iran business

German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran. Hamburg-based Hapag-Lloyd, the world’s fifth largest container company, said it had initiated a process to stop handling products included [...]

By | June 12th, 2018|News|0 Comments

Fastest Transport Faces Turbulence as Slowest Changes Its Fuel

From the window of a jet plane, it can be hard to see ships crawling across the seas. Yet what’s burning in those engines thousands of feet below may determine the fate of airline profits in the next few years. In about 18 months’ time, the world’s oil refineries are going to have to supply [...]

By | June 12th, 2018|News|0 Comments

Container market divided over emergency bunker fuel surcharges

Nerves are fraying in the container market over how best to reflect rising fuel costs in customers’ freight rates in deals covering long periods of time. Denmark’s Maersk Line, the world’s largest shipping company, announced an emergency bunker surcharge of $120/FEU for dry containers and $180/FEU for refrigerated cargo last month to compensate for higher [...]

By | June 12th, 2018|News|0 Comments

QTerminalsTo Showcase Achievements, Future Plans at TOC Europe

Doha, Qatar –QTerminals, the operator of the first phase of Hamad Port in Qatar, will be participating as an exhibitor at TOC Europe, a leading international business and networking event for stakeholders of the container supply chain, which will take place in Rotterdam, The Netherlands between 12 and 14 June 2018. Ahead of the event, [...]

By | June 11th, 2018|News|0 Comments

Dry Bulk Market: Capesize Index Takes Off

Capesize Despite the major Posidonia event in Greece, rates for the big ships took off this week, with the stars seeming to be working in conjunction, with both the Pacific and Atlantic markets active. However, the dampener came as the week closed out and this despite Vale allegedly raiding the market and taking upwards of [...]

By | June 11th, 2018|News|0 Comments

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