Currents…….....

28 January 2020 Currents…….. RFA charitable giving The Royal Fleet Auxiliary (RFA) Benevolent Fund has approved a £500 grant...

Currents……..
posted on: Jan 29, 2020

How to improve the mental...

Credit: Shutterstock How to improve the mental health of seafarers Seafarers working in today’s cargo industry are being physically...

How to improve the mental health of seafarers
posted on: Jan 28, 2020

Wellness at sea: Is life...

Above image is used for illustration purposes only / Credit: Shutterstock / Photo by: corlaffra Wellness at sea: Is...

Wellness at sea: Is life onboard getting better for seafarers?
posted on: Jan 28, 2020

The Good, the Bad and...

The Good, the Bad and the Ugly: Unmanned Ships in International Shipping News 28/01/2020 The world is interconnected through...

The Good, the Bad and the Ugly: Unmanned Ships
posted on: Jan 28, 2020
Banchero Costa Weekly Market Report, Week 04 2020

Banchero Costa Weekly Market Report, Week 04 2020...

posted on: Jan 28, 2020

Banchero Costa Weekly Market Report, Week 04 2020 in Weekly Shipbrokers Reports 28/01/2020 Despite repeated promises from India’s government to reduce the country’s coal imports and increase domestic self-reliance, volumes just Download PDF Source: banchero costa &c...

BMMOA family night and cultural program 2020

BMMOA family night and cultural program 2020

posted on: Jan 27, 2020

BMMOA family night and cultural program 2020 Traditionally BMMOA family nights were always arranged in Chattogram. Considering the numbers of Members staying in Dhaka, present EC committee took the initiative to arrange the Family Night in Dhaka on 10th January 2020. Venue: Moghbazar Convention Center Ltd. 227 (New) 331(Old) Outer Circular Road, Boro Moghbazar, Dhaka-1217. Chief Guest: Honorable Minister of State, Ministry of Shipping, Bangladesh. Distinguished guest: Secretary of Bangladesh Shipping Ministry Abdus Samad On the family night program there was no formal meeting with minister but only speeches were given. Being family night, there was not no press release. In his speech, the honourable Minister of Shipping covered various areas of the industry including the following: 1. We need to improve the quality of our mariners. Improve their professionalism through good training. 2. Being a maritime nation, we have to produce more cadets. So government is opening more academies....

Weekly Vessel Valuations Report, January 21 2020

Weekly Vessel Valuations Report, January 21 2020...

posted on: Jan 25, 2020

Weekly Vessel Valuations Report, January 21 2020 in Weekly Vessel Valuations Report 21/01/2020 Tanker: Aframax values have firmed. MR2 Rich Wind (47,400 DWT, Jan 2009, Onomichi Dockyard) sold to Dee4 Capital Partners for USD 16.80 mil, VV value USD 14.78 mil. MR1s Mount Kibo and Mount Everest (37,800 DWT, Mar 2010, Hyundai Mipo) sold to MSEA Tankers in an en bloc deal for USD 29.40 mil, VV en bloc value USD 32.78 mil – SS/DD Due. Small Clean Tanker Lian Run 168 (4,400 DWT, Jun 2015, Yangzhou Ryuwa Shipbuilding Co) sold to Chinese buyers for USD 6.00 mil, VV value USD 5.65 mil – At Auction. Bulker: Handy values have softened. Post Panamax Ocean Sapphire (93,000 DWT, May 2012, COSCO Dalian) sold to Greek buyers for USD 13.00 mil, VV value USD 14.47 mil – DD Due. Ultramax Nord Everest (60,400 DWT, May 2016, Oshima) sold to Japanese buyers...

Salvor Plans to Recover Radio Equipment From Inside the Titanic

Salvor Plans to Recover Radio Equipment From Inside the Titanic...

posted on: Jan 24, 2020

By The Maritime Executive | 01-22-2020 Titanic’s bow (file image) RMS Titanic Inc., the salvage and exhibition company that describes itself as “the exclusive steward of RMS Titanic,” plans to conduct another expedition to recover materials from the wreck site – and, for the first time ever, to take an artifact from within the ship.  RMS Titanic Inc. has the admiralty rights for salvage at the site, and it has retrieved about 5,500 items since its first (controversial) dives in 1987. Its last expedition to the site was in 2010, when it completed a 3D video survey of the vessel.  In a federal court filing this week, the company requested the right to recover the Titanic’s Marconi wireless set, which is lodged within compartments on the topmost deck. A recent visit found that the vessel is deteriorating more rapidly than expected due to a combination of currents, iron-eating bacteria...

Beijing-backed Pakistan port opens as hub for Afghanistan trade

Beijing-backed Pakistan port opens as hub for Afghanistan trade...

posted on: Jan 23, 2020

Beijing-backed Pakistan port opens as hub for Afghanistan trade – Nikkei Asian Review Belt and Road Gwadar challenges Indian interests in region, but China’s ROI remains unclear ADNAN AAMIR, Contributing writer January 23, 2020 Despite the fanfare surrounding use of Gwadar port for trade with Afghanistan, experts say the facility has a long way to go before China sees any return on its investment.   © Reuters KARACHI — Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain. The CPEC comprises a number of Pakistani infrastructure projects and is a major part of China’s Belt and Road Initiative. On Jan. 14, the cargo ship Diyala, part of the Cosco Shipping Lines fleet, unloaded two containers covered by the Afghanistan-Pakistan Transit Trade...

Duke Crew Released by Pirates, One Died in Captivity

Duke Crew Released by Pirates, One Died in Captivity...

posted on: Jan 20, 2020

By The Maritime Executive | 01-19-2020 Source: IMB Following the attack on the oil tanker MT Duke and abduction of 20 crew members on December 15, U.K.-based shipowner Union Maritime has issued a statement confirming that 19 of the crew members have now been released. One able seaman was evidently taken ill and died shortly after capture. Union Maritime said in a statement: “We are seeking further information from those crew members that have been released and a full investigation will be held into the AB’s demise.” All the crew who have been released have undergone medical checks and are reported to be well, given the circumstances of their ordeal. They will be debriefed by the local authorities and then return home to their families. The Marshall Islands-flagged tanker was attacked as she sailed from Luanda, Angola, to Lomé, Togo. Six pirates boarded the vessel about 115 nautical miles...

Bangladesh Marine Academy receives recognition from MNTB

Bangladesh Marine Academy receives recognition from MNTB...

posted on: Jan 20, 2020

UK Chamber of Shipping 15 January 2020 Bangladesh Marine Academy receives recognition from MNTB The Merchant Navy Training Board has awarded the Bangladesh Marine Academy Centre Recognition as its bid to raise global maritime training standards takes hold. The Centre and Course Recognition accolades were developed last year by the MNTB to provide an independent assessment of maritime training around the world.  Kathryn Neilson, Director of the MNTB, spoke of her pride of raising standards of seafarer training Globally “Awarding centres for their excellence in the delivery of seafarer training and education is an initiative desperately needed to raise the standards of maritime training globally.  At the Merchant Navy Training Board we want to ensure training centres across the world are doing everything they can to give seafarers the best possible skills for a successful career at sea or onshore. “The Bangladesh Marine Academy has done a wonderful job...

‘More secure’ Bangladesh to appeal to EC to relax ‘high-risk’ status of its air cargo

‘More secure’ Bangladesh to appeal to EC to relax ‘high-risk’ status of its air cargo...

posted on: Jan 16, 2020

© Tero Vesalainen By Bangladesh correspondent 16/01/2020 Bangladesh is to appeal to the European Commission to remove its air cargo and mail consignments from the “high-risk category”. The country claims it has taken “adequate” steps to ensure better aviation security. A presentation of the measures taken to improve security at Bangladesh airports will be made in the hope that the EC will move it from the red category to green. “We are hopeful it will remove us from high-risk category as we have improved the security situation. That would greatly help us [to resolve our] image crisis,” a senior civil aviation ministry official told The Loadstar. “We’ve already met every requirement to ensure aviation security,” added the official. He said the matter had been discussed at the EU-Bangladesh joint commission meeting in late November, where the EU side commended the steps taken and invited Bangladesh to make the presentation in Brussels. Following the progress...

India Backs Away from Southeast Asia Trade Deal

India Backs Away from Southeast Asia Trade Deal...

posted on: Jan 15, 2020

By The Lowy Interpreter | 01-14-2020 | The Maritime Executive Image courtesy Narendra Modi / Twitter [By Dr. Mustafa Izzuddin] India’s decision in the final months of last year to withdraw from negotiations for the mega-regional trade agreement known as the Regional Comprehensive Economic Partnership (RCEP) disappointed the countries of Southeast Asia, which are also members of the Association of Southeast Asian Nations (ASEAN). On one level, India’s RCEP departure appreciably diminished the centrality of ASEAN to provide robust leadership in governing the regional affairs of Southeast Asia in particular, and the Indo-Pacific in general. Despite rounds of direct negotiations, ASEAN was unable to convince India to join the deal. Although RCEP is not the be-all and end-all of regional cooperation propelled by ASEAN, it has exposed ASEAN’s weakness. On another level however, ASEAN’s regional stock was enhanced because it chose not to give up on India, although ASEAN may...

IMB: Unprecedented Number of Kidnappings in Gulf of Guinea

IMB: Unprecedented Number of Kidnappings in Gulf of Guinea...

posted on: Jan 15, 2020

By The Maritime Executive | 01-14-2020 Credit: IMB Despite overall piracy incidents declining in 2019, there was an alarming increase in crew kidnappings across the Gulf of Guinea, according to the International Chamber of Commerce’s International Maritime Bureau’s (IMB) annual piracy report. The number of crew kidnapped in the Gulf of Guinea increased more than 50 percent from 78 in 2018 to 121 in 2019. This equates to over 90 percent of global kidnappings reported at sea with 64 crew members kidnapped across six separate incidents in the last quarter of 2019 alone. The region accounted for 64 incidents including all four vessel hijackings that occurred in 2019, as well as 10 out of 11 vessels that reported coming under fire. In December last year, the IMB urged ships’ crews to be extra vigilant. On December 15, around six heavily armed pirates boarded a product tanker underway approximately 118...

Weekly Vessel Valuations Report, January 14 2020

Weekly Vessel Valuations Report, January 14 2020...

posted on: Jan 15, 2020

Weekly Vessel Valuations Report 14/01/2020 Tanker: Tanker values have remained stable. VLCC Ridgebury Pride (306,400 DWT, Nov 2000, Samsung) sold to Greek buyers for USD 25.00 mil, VV value USD 24.60 mil. VLCC Kiwi (300,000 DWT, Jan 2020, Daewoo) sold for USD 105.00 mil, VV value USD 99.28 mil – Scrubber fitted. VLCC Jin Ei (300,000 DWT, Sep 2005, Universal) sold to Capital Maritime and Trading for USD 35.00 mil, VV value USD 36.04 mil. Aframaxes Aquafreedom and Aquabliss (112,800 DWT, Sep & Oct 2019, Samsung) sold in an en bloc deal for USD 110.00 mil, VV value USD 100.36 mil – Scrubber fitted. MR2 Kairos (47,400 DWT, Nov 1998, Uljanik Brodogradiliste) sold for USD 6.50 mil, VV value USD 5.21 mil. Bulker: Bulker values have softened. Panamax Majestic Sky (81,900 DWT, Nov 2014, Tadotsu Imabari) sold to Japanese buyers for USD 21.60 mil, VV value USD 21.31 mil...

Captain Mahdiul Aziz Chisti Selim (03  BMA) no more

Captain Mahdiul Aziz Chisti Selim (03 BMA) no more...

posted on: Jan 14, 2020

Captain Mahdiul Aziz Chisti Selim (03  BMA) no more. Captain Chisti seen in striped shirt. April 1971 with other seafarers who defected from Pakistani vessels around that time. Also seen in the back, Attorney Mr. Studwick who helped the seafarers with legal assistance towards obtaining political refugee status. Photo courtesy Mr. Kashem – second from the left – rear row. Others in the photo are Mr. Taherul Islam (7E), Mr. Abdul Awal Mintoo (5N) and Mr. Anwar Hossain (Pursur aboard NSC vessel) Innailaihe wainnailahe rajeun. We are deeply saddened to learn about Captain Chisti’s passing away on January 1, 2020. Our condolences to Nazma bhabhi and his dear ones. He was a proper gentleman and highly professional. May Almighty Allah forgive him and give him an abode in Jannat.  Mr. Selim Chisty of 4-N has been ill for quite some time. He is one of those who ventured to serve on foreign...

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