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Media
AFTER the 50 years of containerisation, Finland's Cargotec is imagining the future and what the port and harbour world might look like after a full century of container shipping. Inviting "out of the box thinking", Cargotec employees imagined that by the year 2060, mega ports would be offshore on artificial islands where layout can be optimised. Floating...
THE competence of ships crews is failing to keep pace with the advancement in technology and more sophisticated ship operations as well as an increasingly stringent regulatory environmental, reports Tanker Operator. "Training and competence in bunker management must start in school, not on the vessel. We see a major problem with young seafarers working on...
WHILE CMA CGM denies knowledge of carrying weapons from Iran, a Texas Republican congressman is presses the US Government to consider sanctions against French container shipping line. Congressman Mike Conaway has called on Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner to consider imposing sanctions against the shipping line f...
THE UN's International Maritime Organisation (IMO) has issued guidance on the management, types of weapons, ammunition, insurance and rules of engagement agreed between the shipowner, the master and security contractor on ships in pirate infested waters off Somalia and the Indian Ocean. The IMO safety committee outlined the use of guards for a flag state...
SINGAPORE's NOL Group has announced it will issue S$300 million (US$243.9 million) in 10-year bonds bearing interest of 4.4 per cent on June 22 under its US$1.5 billion Euro Medium Term Note Programme. The funds will go mostly to buy new containerships. Earlier this month, NOL made $1.1 billion loan agreements for twelve 8,400-TEU ships from South Korea...
First Ship Lease (FSL) Trust has secured a second LR2 product tanker from Torm Singapore, barely a week after the shipping trust took its first LR2. Singapore-listed FSL has agreed to buy the product tanker for $46m, the same price it paid for the first LR2. The 109,672 dwt Torm Marie, sister vessel to Torm Margrethe, is slated to be delivered to FSL within...
BIMCO members elected Yudhishthir Khatau as the 41st President of the international shipping organization at their general meeting in Vancouver. Succeeding German owner Robert Lorenz-Meyer, who has completed his two year time in office, Khatau is the first president from India and at 43, the youngest ever in the organisation’s 106 year history. H...
CMA CGM Group has announced a new rate restoration programme that it plans to impose from July 1. The French line said in a statement that in response to the on-going deterioration of revenues on the Asia-North Europe Trade, the CMA CGM Group will hike rates by US$275 per TEU on all shipments from Asia (including Bangladesh and Sri Lanka) to North Europe ...
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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