Sri Lanka slashed fuel prices by up to nearly 6 percent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps from now on.The fuel price reduction comes…
On 4 and 5 December, EUCAP Nestor Head of Mission, Etienne de Poncins, visited EUCAP Nestor’s Country Office in the Seychelles. During his visit, he met several high officials to discuss the way ahead for the exemplary and successful cooperation between the Seychelles and the Mission…
Specialist marine insurance intermediary Seacurus says that overall confidence in the successful implementation of the Maritime Labour Convention 2006 (MLC) should not conceal the fact that there is continuing concern over the risk of abandonment and the timely payment of crew wages…
Turkish Prime Minister Ahmet Davutoglu called on Friday for an agreement over exploiting hydrocarbon deposits in the eastern Mediterranean, an issue that caused the breakdown of peace talks between Greek and Turkish Cypriots in October.Greek…
Senator John McCain said a more than 90-year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction.Oil refiners…
U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood.Both contracts…
ClassNK and leading global maritime software company NAPA have announced a new joint project to reduce the time and cost of designing vessels in accordance with the new IACS harmonised Common Structural Rules. The new project will enhance the…
The completion of the two new vessels, M/V Berlin and M/V Copenhagen, at the Danish shipyard FAYARD is progressing according to plan. It is expected that the two new passenger ferries can be put into operation on the Rostock-Gedser route in the second half of 2015…
Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months…
Accessing the latest research findings or information on new technologies and incoming regulations as they emerge can prove challenging. To help make access easier, leading classification society ClassNK (Chairman and President: Noboru Ueda)…
In the previous stock exchange notices where Norwegian Energy Company ASA has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where…
The Liberian Maritime Authority has released the mandatory MLC Annual Report for 2013. This report confirms that Liberia’s approach to enforcement of the Maritime Labour Convention (MLC) 2006 has resulted in low deficiency rate for Liberian-flag ships…
The drugs were seized following the search of the cargo vessel Star Stratos at Portsmouth port yesterday evening.Approximately 300 kilos were discovered concealed within a shipment of bananas which had originated in Colombia.Investigations…
Vessel traffic on the Intracoastal Waterway near Bal Harbor, Florida is restricted following an incident involving a yacht and the Broad Causeway bridge. Due to the incident, only the bridge's west leaf is able to open. Restrictions…
The Board of Lerwick Port Authority is strengthening its senior management team in support of continuing activity and development at the busy harbour.The move follows an external organisational review, particularly looking at the staff…