Contaminated bunkers: “the Houston problem”...

Contaminated bunkers: “the Houston problem” in International Shipping News 26/09/2018 The problem started with fuel supplied in the US...

Contaminated bunkers: “the Houston problem”
posted on: Sep 25, 2018

Weekly Vessel Valuations Report, September...

Weekly Vessel Valuations Report, September 25 2018 in Weekly Vessel Valuations Report 25/09/2018 Tankers: Values have slightly firmed across all older...

Weekly Vessel Valuations Report, September 25 2018
posted on: Sep 25, 2018

Djibouti’s Attempts To Vanquish Dubai...

Djibouti’s Attempts To Vanquish Dubai Ports Operator Spells Trouble For Washington in Port News 25/09/2018 Last week, Djibouti upped the stakes...

Djibouti’s Attempts To Vanquish Dubai Ports Operator Spells Trouble For Washington
posted on: Sep 25, 2018

Confidence slips marginally on geopolitical...

Confidence slips marginally on geopolitical factors in International Shipping News 25/09/2018 Shipping confidence dipped very slightly in the three...

Confidence slips marginally on geopolitical factors
posted on: Sep 24, 2018
Tonnage Oversupply Still Blocking VLCCs’ Rebound, While Product Tankers Still Not Seeing the Expected Positive Effect From LSFO Capacity Expansions

Tonnage Oversupply Still Blocking VLCCs’ Rebound, While Product Tankers Still Not Seeing the Expected Positive Effect From LSFO Capacity Expansions...

posted on: Sep 24, 2018

Tonnage Oversupply Still Blocking VLCCs’ Rebound, While Product Tankers Still Not Seeing the Expected Positive Effect From LSFO Capacity Expansions in Hellenic Shipping News 25/09/2018 Despite the fact that ship owners appeared to be pushing for higher VLCC rates over the course of the past week, a rebound in freight rates wasn’t able to be materialized, as a result of abundant tonnage availability. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates struggled through much of the week as an apparent and abrupt conclusion to the September program with fewer than expected cargoes rocked sentiment.  Still, demand strengthened: In the Middle East market, where charterers progressed to early October cargoes, fixture activity jumped 41% w/w to a four‐week high.  Meanwhile, the Atlantic Americas saw demand fixture activity extend from last week’s strong pace, rising 20% w/w to 12 fixtures and    raising the specter of insufficient natural...

ISM Code is more than paper compliance

ISM Code is more than paper compliance

posted on: Sep 24, 2018

ISM Code is more than paper compliance Mr. Theophanis Theophanous, Managing Director of Bernhard Schulte Shipmanagement (BSM) Greece, highlights that mandatory implementation of the ISM code, has had an advantageous impact on maritime safety and pollution prevention. However, the Code itself allows room for further improvement; in this regard, ship operators need to fully realize that ‘paper compliance is not the target but the instrument’ toward enhanced maritime safety. Theophanis Theophanous | Opinions | 10/09/18   SAFETY4SEA: What should be the top priorities for the shipping industry stakeholders towards a more sustainable future for the shipping industry? Theophanis Theophanous: Our top priority should be the safe operation of the vessels we manage, with no injuries, loss of life, damage to property or the environment whilst at the same time achieving financial sustainability in this very demanding and ever changing industry. Our key message is that Shipping is one of the most important...

Reimaging Alang Ship Recycling

Reimaging Alang Ship Recycling

posted on: Sep 24, 2018

Reimaging Alang Ship Recycling September 24, 2018                     Alang, the world’s largest ship recycling yard has 120 active recycling yards. Approximately, half of the world’s ships life end up of here. With more than 800 second hand sale shops in the area, Alang employs around 25000-30000 people. The shipyards have been modernized by JICA funded project worth USD 109 million. It’s specifically known for E-O-L vessels scrapping. Ship recycling is a major part of the shipping industry yet the dynamics of this sector isn’t that much publicized. Most of the ship recycling yards lies in the developing countries such as Bangladesh and India. Recently, Steel360 did a story on one such shipping yard, Alang in Gujarat. Approaching Alang The picture of Bhavnagar which is in the State of Gujarat on the west coast of India is a small place as...

Beginner’s Guide to Blockchain — Explaining it to a 6 Year Old

Beginner’s Guide to Blockchain — Explaining it to a 6 Year Old...

posted on: Sep 23, 2018

Sidharth MalhotraFollow CS Grad. Student | SW Dev. | Writer @Prototypr, @Hackernoon | AI, ML, Blockchain, SaaS | https://sidharthmalhotra.in Aug 22 Beginner’s Guide to Blockchain — Explaining it to a 6 Year Old A Simple Guide to Understand Blockchain with a Real World Analogy — Part II               This article is the followup to “Beginner’s Guide to Blockchain: Explaining it to a 5 year old”. If you haven’t checked out the first part yet, you can do that here. Beginner’s Guide to Blockchain — Explaining it to a 5 Year Old A Simple Guide to Understand Blockchain with a Real World Analogyhackernoon.com In this article, we will continue with the example of parking garages presented in the part I to explain the concepts of Cryptocurrencies, Mining and Smart Contracts. Ethereum, Bitcoin or some X-coin Everyone of you must have heard at least once about any type of X-coin whether its Bitcoin,...

Nigerian Pirates Kidnap 12 From Swiss Bulker

Nigerian Pirates Kidnap 12 From Swiss Bulker

posted on: Sep 23, 2018

Nigerian Pirates Kidnap 12 From Swiss Bulker September 22, 2018 by Reuters Photo of M/V Glarus by Turboboss, MarineTraffic by Michael Shields (Reuters) – Pirates kidnapped 12 crew members from a Swiss merchant vessel on Saturday in Nigerian waters, the ship’s operator said in a statement. Kidnapping for ransom is a common problem in parts of Nigeria. A number of foreigners have been kidnapped in the last few years in the southern Niger Delta region, source of most of the crude oil which is the mainstay of west Africa’s biggest economy. Massoel Shipping, operator of MV Glarus, said the vessel carrying wheat was traveling between the southwestern commercial capital Lagos and southern Niger Delta oil hub Port Harcourt when it was boarded by pirates, who took 12 away of the 19 crew members. It said the attack happened around 45 nautical miles south west of Bonny Island. “The company is working with...

Capsized Tanzanian Ferry Death Toll Reaches 207

Capsized Tanzanian Ferry Death Toll Reaches 207...

posted on: Sep 22, 2018

Capsized Tanzanian Ferry Death Toll Reaches 207 September 22, 2018 by Reuters MV Nyerere that overturned is seen off the shores of Ukara Island in Lake Victoria, Tanzania September 22, 2018. REUTERS/Jackson Njehia                           by Jackson Njehia (Reuters) – Divers on Saturday rescued a man from the wreck of an overcrowded Tanzanian ferry that capsized on Lake Victoria on Thursday, killing at least 207 people. Bodies continued to float to the surface around the vessel, which initial estimates suggested was carrying more than 300 people. State broadcaster TBC said the death toll had reached 207. Four navy divers resumed their search inside the sunken MV Nyerere early on Saturday after hearing sounds that suggested signs of life. They pulled one man out of the overturned ship and he was rushed to hospital, a Reuters witness said. His condition was not immediately known. On Friday, President John...

Beginner’s Guide to Blockchain — Explaining it to a 5 Year Old

Beginner’s Guide to Blockchain — Explaining it to a 5 Year Old...

posted on: Sep 22, 2018

Sidharth Malhotra CS Grad. Student | SW Dev. | Writer @Prototypr, @Hackernoon | AI, ML, Blockchain, SaaS | https://sidharthmalhotra.in Aug 15 Beginner’s Guide to Blockchain — Explaining it to a 5 Year Old A Simple Guide to Understand Blockchain with a Real World Analogy This is a two part series. You can find the link to the follow up article at the end of this article. Everyone is talking about Bitcoin these days, from your barber to your friends working at stock market. Don’t worry this article is not about several other articles talking about making money from Bitcoin. However, I will try to help you understand the underlying technology which makes Bitcoin work and how this concept of blockchain can be useful in the coming decades. Historical Overview October 31, 2008, a white paper from an anonymous person or organization named Satoshi Nakamoto was published which explained a novel approach to send...

Pakistan: Saudi Arabia to Join China-Funded Development Project

Pakistan: Saudi Arabia to Join China-Funded Development Project...

posted on: Sep 22, 2018

September 20, 2018 Ayaz Gul In this photo released by the state-run Saudi Press Agency, Pakistani Prime Minister Imran Khan, left, meets Saudi Crown Prince Mohammed bin Salman, Sept. 19, 2018, in Jiddah, Saudi Arabia. ISLAMABAD — Pakistan announced Thursday that Saudi Arabia has agreed to join and invest “heavily” in its ongoing China-funded bilateral infrastructure and industrial development projects. Prime Minister Imran Khan’s extensive meetings with the Saudi leadership during this week’s official visit to Riyadh resulted in the landmark development, the Pakistani information minister said. As part of President Xi Jinping’s global Belt and Road Initiative (BRI), Beijing is investing billions of dollars in Pakistan to help the close ally build and upgrade the transportation network, power plants, expand the deep-water port of Gwadar on the Arabian Sea, establish industrial zones to enhance Pakistan’s capacity as a manufacturing hub in the region. A Pakistan soldier stands guard while a...

Greeks, Chinese Work Together at Ship Repair Zone to Uplift Piraeus Port

Greeks, Chinese Work Together at Ship Repair Zone to Uplift Piraeus Port...

posted on: Sep 22, 2018

Greeks, Chinese Work Together at Ship Repair Zone to Uplift Piraeus Port September 22, 2018 For several decades the heart of Greece’s ship repair industry was beating at Perama, a western suburb of Piraeus port, until the Greek debt crisis broke out in 2009. Thousands of workers lost their jobs and machines became rusty. Chinese work non stop The image of the zone is changing dramatically since China COSCO Shipping took over the management of Greece’s largest port in 2016 after winning an international tender. Chinese and Greeks work nonstop at this shipyard of Piraeus Port Authority (PPA) as part of a major plan to upgrade Piraeus port and support the economic revival of the wider region. Work will not cease even during holidays, such as the Mid-Autumn festival which falls on Sept. 24 this year, Chinese expiates working here told Xinhua on Friday. “You know ship repairing is a...

Ship Recycling Association Says European Yards Have Sufficient Capacity Ahead of EU Ship Recycling Regulation

Ship Recycling Association Says European Yards Have Sufficient Capacity Ahead of EU Ship Recycling Regulation...

posted on: Sep 21, 2018

Ship Recycling Association Says European Yards Have Sufficient Capacity Ahead of EU Ship Recycling Regulation September 21, 2018 by Mike Schuler An end of life ship bound for South Asia’s beaches seen at Singapore anchorage, January 11, 2016. The International Ship Recycling Association says there is currently ample recycling capacity to meet the expected scrapping demand from the January 1, 2019 entry into force of the EU Ship Recycling Regulation. According to the ISRA, an analysis of historical figures shows that the amount of end of life of EU flagged ships in the past eight years has declined to just 450,000 light displacement tonnes (LDT) per year, from an average of 750,000 LDT. The current listed EU capacity to recycle ships amounts 1.3 million LDT, meaning current capacity exceeds the amount needed to cope with the expected demand of end of life EU flagged ships. Furthermore, additional capacity of estimated 0.5 million LDT will become...

Over 200 fishermen missing in Bay

Over 200 fishermen missing in Bay

posted on: Sep 21, 2018

Over 200 fishermen missing in Bay Prothom Alo English Desk |  Sep 21, 2018        More than 200 fishermen have remained missing after at least 15 fishing trawlers reportedly capsized in the Bay of Bengal due to rough weather and high tide in last 24 hours till Friday afternoon. Golam Mostafa, president of Barguna Fishing Trawler Owners’  Association, said several fishing trawlers including FB Mayer Dowa, FB Tajenur, FB Mim-2 and FB Arman Ali sank in the Bay. Deputy commissioner Mokhlesur Rahman said members of Bangladesh Navy and Bangladesh Coast Guard were conducting drives to rescue the missing fishermen as well as to salvage the...

Florence’s Aftermath Disrupts North Carolina Port Operations

Florence’s Aftermath Disrupts North Carolina Port Operations...

posted on: Sep 21, 2018

Florence’s Aftermath Disrupts North Carolina Port Operations Image courtesy NCDOT  2018-09-20 The Ports of Wilmington and Morehead City, North Carolina will keep their truck gate operations closed through Monday, September 24 as the recovery from Hurricane Florence continues. Vessel operations are expected to resume more quickly, and port employees returned to work Thursday. Trucks could have difficulty reaching the Port of Wilmington even if its gates were open. The North Carolina Department of Transportation said Thursday that about 750 roads remained closed in the state, including sections of I-40 and I-95. Key routes into Wilmington that were opened Tuesday have since been closed again due to flooding, leaving no “safe, reliable way” into the city, NCDOT officials said. To make matters worse, U.S. 17 could close this weekend as floodwaters continue to rise north of the city. The Cape Fear River posted a gauge height of 35 feet at Tar Heel,...

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