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Friday, December 6, 2019

Market expectations from DNV and GL merger

Posted to Market expectations from DNV and GL merger (by Joseph Fonseca) on January 23, 2013

The recent announcement of the merger of the two classification societies Germanischer Lloyd (GL) and Det Norske Veritas (DNV) seems to have caused an unsettling effect on shipping companies, classification societiesand others related organizations.

China looks inwards as export demand remains weak

Posted to Far East Maritime (by Greg Knowler) on October 25, 2012

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

Rates war back in the picture on Asia-Europe

Posted to Far East Maritime (by Greg Knowler) on September 4, 2012

“A general rate increase in November? Skou must have lost his mind,” was the retort of Hong Kong Shippers Council executive director Sunny Ho to news that the Maersk boss planned to hike box rates from November 1. It was an understandable reaction from the feisty Ho…

Deep seabed mining

Posted to Maritime Musings (by Dennis Bryant) on July 17, 2012

For over forty years, deep seabed mining has been a continuing disappointment. Since discovery of polymetallic minerals, such as manganese nodules and cobalt crusts, on the sea floor in the 1970s, prophets have asserted that large-scale extraction…

Proposed Indian Ports Bill could get shelved

Posted to Proposed Indian Ports Bill could get shelved (by Joseph Fonseca) on July 6, 2011

The Government of India proposal to come out with the Indian Ports Bill for replacing the extant Indian Port Act, 1908 and the Major Port Trusts Act, 1963 in order to meet the current operational and developmental requirements of the Indian Ports sector.

In Hong Kong, Maersk swapping blue for green

Posted to Far East Maritime (by Greg Knowler) on September 21, 2010

Hong Kong and Shenzhen together handle more than 10 percent of the total global container traffic. That is an incredible number of boxes arriving and departing on thousands of ships. Great for business if you are a terminal operator, but very bad for health if you live anywhere near the ports.