Ship inspections: preparing for Brexit...

Ship inspections: preparing for Brexit in International Shipping News 15/11/2018 Member states’ ambassadors yesterday gave the presidency a mandate...

Ship inspections: preparing for Brexit
posted on: Nov 15, 2018

Festivities Disrupt Demolition Market...

Festivities Disrupt Demolition Market in Hellenic Shipping News 15/11/2018 As ship owners kept looking for signs of sustainable rebound...

Festivities Disrupt Demolition Market
posted on: Nov 15, 2018

Diana’s New Time Charter Contract...

Diana’s New Time Charter Contract With Glencore November 14, 2018   Diana Shipping Inc. charters its Kamsarmax vessel for...

Diana’s New Time Charter Contract With Glencore
posted on: Nov 14, 2018

Freightos Baltic Container Report –...

Freightos Baltic Container Report – Week 44 November 14, 2018   Report Highlights As of November 1, with many...

Freightos Baltic Container Report – Week 44
posted on: Nov 14, 2018
Maersk CEO Says Data Shows `Ironic’ Twist in U.S. Trade War With China

Maersk CEO Says Data Shows `Ironic’ Twist in U.S. Trade War With China...

posted on: Nov 14, 2018

Maersk CEO Says Data Shows `Ironic’ Twist in U.S. Trade War With China November 14, 2018 by Bloomberg Photo: By Corine van Kapel / Shutterstock By Christian Wienberg (Bloomberg) — The man running the world’s largest container-shipping company says he has access to data that shows Donald Trump has so far failed to wean the U.S. off Chinese imports. Soren Skou, the chief executive of A.P. Moller-Maersk A/S, says Chinese exports to the U.S. actually grew 5-10 percent last quarter. Meanwhile, U.S. exports to China fell by 25-30 percent. “It’s an ironic development,” Skou told reporters in Copenhagen on Wednesday. “But after Trump has turned up the volume, the U.S. has only increased their imports from China even more.” Related: Maersk Warns Trade War to Hit Container Shipping There are two reasons behind the development, Skou said. Firstly, the U.S. economy is doing well so consumers there have more money to spend...

Layoffs in the cards at troubled shipyards

Layoffs in the cards at troubled shipyards

posted on: Nov 14, 2018

Layoffs in the cards at troubled shipyards in Shipbuilding News 14/11/2018 South Korea’s embattled shipbuilding giants may conduct a wave of year-end layoffs in line with self-rescue measures agreed upon with creditors, industry sources said. Stung by snowballing losses from tumbling orders and heavy debt, Daewoo Shipbuilding and Marine Engineering Co. (DSME), Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. (HHI) have promised creditors a range of restructuring steps, including layoffs. According to the sources, DSME chief executive Jung Sung-leep is slated to hold a news conference on Thursday, where he may announce plans to dismiss workers. DSME’s self-help plan, which was submitted to creditors in 2016 in return for a multibillion-dollar lifeline, calls for the shipyard to slash its workforce to below 9,000 by the end of this year from roughly 13,200 at the end of 2015. As of end-June this year, DSME’s payroll stood at 9,960,...

First In The World: CargoX’s Blockchain Platform Is Open for Business

First In The World: CargoX’s Blockchain Platform Is Open for Business...

posted on: Nov 14, 2018

First In The World: CargoX’s Blockchain Platform Is Open for Business in International Shipping News 14/11/2018 CargoX is launching CargoX Smart B/L™ platform today. It is the first open, neutral blockchain platform in the shipping industry for real-world commercial use. Businesses of any size can use the platform. Moreover, this innovative solution was recently selected as the winning innovation at the IRU World Congress among 77 startups after a presentation in front of over 1000 attendees from more than 60 countries. Shipping, freight forwarding, NVOCC, exporting and importing companies, forwarder alliances and networks providing solutions for logistics and supply chains all over the world can now join and start using the CargoX platform. Users can transfer ownership of freight shipping documents on a public blockchain network. Numerous companies around the globe are already using the solution. Swiss global logistics specialist Fracht AG, Sprint International Express, the full-service 3rd party...

Iran to sue U.S. for sanctions on its shipping sector

Iran to sue U.S. for sanctions on its shipping sector...

posted on: Nov 14, 2018

Iran to sue U.S. for sanctions on its shipping sector in International Shipping News 14/11/2018 Iran will sue the United States at the International Maritime Organization (IMO) for sanctioning its maritime transport services, Mohammad Rastad, managing director of the Ports and Maritime Organization of Iran, said. A complaint would be filed to the IMO in London next week against the “cruel U.S. sanctions and restrictions on maritime transport,” Rastad was quoted by Press TV as saying. Iran’s complaint would be based on international laws that govern the maritime industry, he added. Brian Hook, the U.S. special representative for Iran, threatened last Wednesday countries and port operators with possible U.S. penalties for providing Iranian ships with access to international waterways and port facilities. “From the Suez Canal to the Strait of Malacca and all choke-points in between, Iranian tankers are a floating liability,” Hook said. “Self-insured Iranian tankers are a...

World Diabetes Day: What seafarers need to know

World Diabetes Day: What seafarers need to know...

posted on: Nov 14, 2018

World Diabetes Day: What seafarers need to know World Diabetes Day: What seafarers need to know How many of your crew members know how to care for a co-worker with diabetes? History has shown that diabetes does not make exemption to those working onboard ships. However, the industry can help people with diabetes by investing in education and prevention. What is your organization doing, though? Maritime Health | 14/11/18 The 14th of November marks the World Diabetes Day (WDD) each year aiming to spread awareness of the importance of ongoing education for all individuals concerned. Led by the International Diabetes Federation (IDF), each World Diabetes Day focuses on a theme related to the disease; the theme for World Diabetes Day 2018 and 2019 is “The Family and Diabetes”. According to the Federation, a two-year timeframe has been chosen to best align the World Diabetes Day campaign to the current IDF...

Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment

Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment...

posted on: Nov 14, 2018

Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment in Hellenic Shipping News 14/11/2018 As uncertainties around the future growth of world trade and the economy are growing, ship owners appear to be more reluctant to place long-term bets, such as a newbuilding contract commitment. In its latest weekly report, shipbroker Allied Shipbroking said that “activity softened last week in the newbuilding market, as ship-owner seem reluctant to add new orders in their orderbooks seemingly deterred in part by the increased uncertainty noted in the freight market as of late. In the dry bulk side, market participants saw a sharp correction in rates over the past couple of weeks and took a step back from any new orders’ plans. The only reported activity in this sector was the order of two Ultramax vessels at Chinese shipyards from domestic owners. At the same time, the tanker...

UK MAIB: Safety warning after enclosed space fatality onboard

UK MAIB: Safety warning after enclosed space fatality onboard...

posted on: Nov 14, 2018

Credit: UK MAIB UK MAIB: Safety warning after enclosed space fatality onboard The UK MAIB issued a safety bulletin on an enclosed space fatality onboard the fishing vessel ‘Sunbeam’ on 14 August 2018. The investigation highlighted lack of risk assessment and noted that the crew did not appreciate the levels of risk they were taking when entering in a refrigerated salt water tank. Casualties | 22/10/18 The incident At about 0900 on 14 August, Sunbeam’s crew arrived at the vessel’s berth ready to begin work. The vessel’s refrigeration plant had been shut down after landing the final catch at Lerwick, and its RSW tanks had been pumped out and tank lids opened in preparation for deep cleaning. At some time between 1200 and 1350, Sunbeam’s second engineer entered the aft centre RSW tank and collapsed. At about 1350, the second engineer was seen lying unconscious at the aft end of the...

Japan Takes South Korea to WTO Over Financial Support for Shipbuilders

Japan Takes South Korea to WTO Over Financial Support for Shipbuilders...

posted on: Nov 14, 2018

Japan Takes South Korea to WTO Over Financial Support for Shipbuilders November 13, 2018 by Reuters A worker near a ship which is currently under construction at Hyundai Heavy Industries’ Shipyard in Ulsan, South Korea, May 13, 2015. REUTERS/Kim Hong-Ji/File Photo By Tom Miles GENEVA, Nov 13 (Reuters) – Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. “The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, including vessels designed to carry crude oil, liquefied natural gas (LNG), and shipping containers,” Japan’s complaint said. Japan said South Korea had implemented a range of measures to help its shipbuilders, including “producer support” such as direct financing that enabled shipbuilders to remain afloat in prolonged periods of otherwise unsustainable low...

Three Crew Found Dead in Cargo Hold of Ship Off Japan

Three Crew Found Dead in Cargo Hold of Ship Off Japan...

posted on: Nov 14, 2018

Three Crew Found Dead in Cargo Hold of Ship Off Japan November 13, 2018 by Reuters MV Apollo Kita. File Photo: MarineTraffic.com Three crew members of the Panama-flagged cargo ship Apollo Kita have died after being found uncounsous in a cargo hold of vessel in Japan. The three male victims had apparently been cleaning the hold of the ship at an anchorage off Ishigakijima Island in Okinawa Prefecture when they were found by fellow crew members last Friday, November 9th. Authorities rushed the men to a local hospital where they were confirmed...

ICS Chairman Voices Concern about Serious Threats to Global Trade

ICS Chairman Voices Concern about Serious Threats to Global Trade...

posted on: Nov 14, 2018

ICS Chairman Voices Concern about Serious Threats to Global Trade in International Shipping News 14/11/2018 Speaking in Tokyo on behalf of the global trade association for shipowners, the International Chamber of Shipping (ICS), its Chairman, Esben Poulsson, highlighted serious concerns about the challenge presented by the United States ‘to the proven benefits of multilateralism and the existing global trading order underpinned by a system of international rules and norms which has brought peace and prosperity since World War Two’. Esben Poulsson, ICS Chairman ‘The view that international trade can be seen as some kind of zero sum game is demonstrably false’ said Mr Poulsson. Mr Poulsson acknowledged that the U.S. has legitimate concerns about the policies of some of its trading partners, concerns which to some extent ICS also shares, particularly with regard to China and South Korea’s possible contribution towards overcapacity in shipping. ‘But ICS genuinely believes that...

BIMCO Adopts 2020 Bunker Clauses

BIMCO Adopts 2020 Bunker Clauses

posted on: Nov 14, 2018

BIMCO Adopts 2020 Bunker Clauses in International Shipping News 14/11/2018 BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release. The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its meeting in Copenhagen on 13 November. “It is very important that the new sulphur clauses are ready well in advance to allow the parties to prepare ahead of 1 January 2020,” says Peter Eckhardt, chairperson of the drafting committee and Head of Chartering and Operations at Reederei F. Laeisz. “The Global Marine Fuel Sulphur Clause for Time Charter Parties will help them do exactly that, as it sets out the obligations and responsibilities of owners and charterers to comply with MARPOL Annex VI sulphur content requirements.” Eckhardt says. The clause states that charterers are obliged to provide fuel that complies...

Pirates Fire On LNG Carrier Off Bonny, Nigeria

Pirates Fire On LNG Carrier Off Bonny, Nigeria...

posted on: Nov 13, 2018

Pirates Fire On LNG Carrier Off Bonny, Nigeria November 12, 2018 by Mike Schuler A ship berths at an LNG terminal in Bonny, Nigeria. File Photo: REUTERS/Akintunde Akinleye Pirates in a speed boat chased and fired on an LNG tanker last week off the coast of Bonny, Nigeria, the IMB Piracy Reporting Center has confirmed. The incident took place last Tuesday, November 26, approximately 30 nautical miles southwest of Bonny. The Piracy Reporting Centre report said the LNG tanker was chased and fired upon by nine pirates in a speed boat. The vessel’s emergency alarm was raised, all crew mustered in citadel and SSAS alert activated. The pirates approached the vessel several times but were unsuccessful and later aborted the attack due to the the vessel increasing speed and evasive maneuvers, the IMB Piracy Reporting Centre said. Both the vessel and crew reported safe. The identity of the vessel was not disclosed in...

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