36000 Bn. Rial Worth of investment on Marine Industry Transformation Plan by PMO
Iran’s Ports and Maritime Organization (PMO) has allocated 36 trillion rials (about $857.2 million) of its budget resources for a program to develop the country’s maritime industry
BIMCO: Low-Sulfur Fuel Sales Rise as Shipping Industry Responds to IMO 2020
The final quarter of 2019 marked a massive decline of high-sulfur fuel oil (HSFO) sales as the industry transitioned into compliance with the IMO 2020 sulphur cap, according to international shipping association BIMCO.
Over USD 1 Trillion Needed to Decarbonize Shipping by 2050
At least USD 1 trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by 2050, a new study shows.
The 27th Conference on Coordination of Iranian Maritime Organizations
The 27th Conference on Coordination of Iranian Maritime Organizations was held under the slogan "Balanced Development of the Maritime Industry ensures Sustainable Development" and was attended by a group of senior managers of maritime organizations and maritime activists.
EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa
The European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by Denmark’s A.P. Møller Capital (APMC)
7.5 Percent growth in number of ocean liners calling Iranian Ports
By mid-February, 130 million tonnes of goods were unloaded and unloaded at commercial ports across the country, which shows up to 7.5 percent increase in year-on-year comparison. Said the Managing director of PMO
MUA Threatens with Fresh Industrial Action as Tensions with DP World Intensify
The Maritime Union of Australia (MUA) is planning a new wave of industrial action across Australian terminals as tensions between the union workers and stevedoring company DP World Australia heat up.
Croatian DIV Group to Buy Norway’s Kleven Verft
Croatian DIV Group has agreed with Norwegian expedition cruise operator Hurtigruten to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.
IMO Secretary-General: Prices for Compliant Fuels Stabilizing
Prices for compliant fuels, very-low sulphur fuel oil (VLSFO) and marine gas oil (MGO), rose quickly since the start of implementation of the sulphur cap on January 1, 2020, but now appear to be stabilizing, IMO Secretary-General Kitack Lim said.
Bangladesh Shows Interest in Maritime Trade with Chabahar Port
Bangladesh Ambassador to Iran: Bangladesh is interested to establish maritime trade by launching a direct and continuous shipping line to Chabahar port.
25% Growth in Cargo handling in Khorramshahr Port
Director Manager of Khorramshahr Port and Maritime: More than 5 million tons of cargo was loaded at Khorramshahr Port Complex.
Port of Karachi Bans Discharge of Scrubber Wash Water
The Port of Karachi in Pakistan has joined the list of ports enforcing a ban on discharge of wash water from open-loop scrubbers, according to Standard Club.
Denmark: New Initiative Launched to Get More Women on Board
Denmark has presented a new initiative aimed at increasing the share of women in Danish shipping companies.
TORM Invests in Scrubber-Fitted LR2 Newbuilding Pair
Danish tanker shipping company TORM has inked a contract to buy two scrubber-fitted LR2 newbuildings from Chinese-based Guangzhou Shipyard International (GSI).
Qataris express interest in investing in Bandar Kangan Port marine tourism
Qatari investors expressed interest in investing in Bandar Kangan marine tourism.
50% growth in unloading and loading of cargo in Noshahr port
In collaboration with the executives, 300 trucks were processed in and out of the port of Noshahr in one day, a new record given the recent five-year operation.
Iran, Syria Ink MoU on Ports and Maritime Cooperation
At the sixth meeting of the Iran-Syria Joint Committee on Port and Maritime Cooperation, a Memorandum of Understanding was signed by Mohammed Rastad, the managing Director of PMO and the Syrian Deputy Minister of Maritime Transport.
First Ship-to-Ship LNG Bunkering Completed at Port of Rostock
Kairos, described as the world’s largest LNG bunker vessel, has completed the first ship-to-ship LNG bunkering in the Port of Rostock — representing the second such operation to take place in Germany.
World’s 1st Ammonia-Powered Fuel Cell to Be Installed on a Vessel
A consortium co-ordinated by the Norwegian cluster organization NCE Maritime CleanTech which wants to install an ammonia-powered fuel cell on a vessel has won EUR 10 million funding from the European Union.
Port of Hamburg Will Not Lose Cargo due to Liner Service Changes
Germany’s Port of Hamburg said it is not expecting a reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.