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CLIMATE change alarmist suffered a blow recently when strict carbon ship emission rules failed to pass at the UN's International Maritime Organisation after the IMO's one standard for all clashed with the Kyoto principle of freeing poor countries from costly compliance. Thus, the meeting of the IMO's Marine Environment Protection Committee (MEPC) end...
London: This week saw a stronger market for the big dry bulk ships despite the Chinese holidays, reports the Baltic Exchange. In its end-weekly update to members it noted that the Tubarao/China run is hovering around $30.00 and the timecharter rate hovering close to the mid $60,000 daily range. In the East, as rates rose charterers were forced to ...
Seoul: The three major indicators - order backlogs, new orders and completion & delivery - for shipbuilding competitiveness suggest that the gap between South Korea and China is getting wider in the course of time. According to Clarkson Research Services and the shipbuilding industry on Thursday, China posted 51.93 million CGT in order backlogs and acco...
MITSUI OSK Lines president Koichi Muto announced the company's support to "With All Our Hearts" international contribution project to recycle children's clothing, and will assist with transportation of the clothing. This project, sponsored by Japan's Ministry of Justice, aims to donate second-hand children's clothing collected at 150 Miki House Co, ...
EVERGREEN Group chairman Chang Yung-fa has been named newsmaker of the year at an awards ceremony in Singapore. "Dr Chang is a trendsetter whose statements are always interesting, prudent and frequently serve as a check on the excesses of the shipping industry," said Tom Leander, editor of Lloyd's List, sponsor of the award. Dr Chang made news for ...
JAPAN's Kawasaki Kisen Kaisha ("K" Line) and Yokogawa Denshikiki Co Ltd (YDK) have started installing their latest heading control system in their ships after tests proved its effectiveness. YDK released the new heading control system called Batch Noise Adaptive Autopilot Controller (BNAAC) which is used to increase fuel efficiency. "The principal ...
A RECENT ruling from the US Court of International Trade in New York has been described as an important victory for customs brokers. In Lizarraga Customs Broker versus Bureau of Customs and Border Protection, the court ruled that brokers can challenge actions by US Customs that could put them out of business if their ability to do business electronicall...
TRANSPACIFIC ocean freight rates have been falling and added capacity and slow inventory restocking in the US threatens to add more downward pressure. "Traffic in and out of China is softening," said Byron Lee, managing director of forwarder China Global Lines. "Carriers do not have full ships and rates have dropped every week [since August]. It is a go...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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