Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge…
The U.K.’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued by industry recruitment group Faststream earlier today. A survey to U.K. based maritime employees…
A national workshop in Saint Lucia has brought together participants from various Government bodies and other stakeholders to discuss the development of a national maritime transport policy. The workshop is aimed at highlighting the promotion…
European Central Bank (ECB) kicked off a review into the risks of banks’ shipping exposure, Reuters reported. ECB is conducting an in-depth review of banks’ exposure in shipping amid rising provisions for bad debt in an industry still mired in crisis…
Stakeholders have been updated on progress made by the safe and environmentally sound ship recycling in Bangladesh (SENSREC) project - Phase I. The project is being executed and implemented by International Maritime Organization (IMO)…
The Lord Mayor of the City of London, Lord Mountevans, lent his weight to the launch of a new three-year project designed to inspire and engage young people across the U.K. in thinking about a future in marine engineering. It is being led by maritime charity Seafarers UK…
Standing near Greenland's Jakobshavn glacier, the reputed source of the iceberg that sank the Titanic over a century ago, U.S Secretary of State John Kerry saw evidence of another looming catastrophe.Giant icebergs broken off from the glacier seemed to groan as they drifted behind him…
United Nations Secretary General Ban Ki-moon called on Saturday for countries to do more to help cope with Europe's migrant crisis, saying Greece could not manage on its own.Speaking in Athens before heading to the Greek island of Lesbos…
Brazil's Environment Ministry fined mining company Samarco 142 million reais ($41.6 million) for damages to three protected areas resulting from a tailings dam burst in November, the ministry said on Friday.The ministry said in a statement…
France's hardline CGT union ended on Friday a strike that had paralysed traffic for 26 days at the Fos Lavera oil terminals on the Mediterranean, the country's biggest oil hub, a management official at port operator Fluxel said.'Unloading resumed at the port at 9 p…
Government is planning to locate logistics parks next to ring road and by-pass roads in an effort to reduce pollution and traffic and facilitate multi-modal transport (MTO) across the country, said Honourble Union Minister for Shipping and road transport…
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Kazakhstan, Nursultan Nazarbayev, at the St Petersburg International Economic Forum (SPIEF) this week to enhance the co-operation between DP World and Kazakhstan…
Cyprus is carrying out a new shipping strategy as the country aims to further develop its shipping sector, according to Cyprus News Agency. The Minister of Transport, Communications and Works, Marios Demetriades says that Cyprus’ government…
The proposals being considered for modifying the Shipbreaking Code, 2013 include allowing ports to define the location and permitting breaking of larger passenger liners. In pursuance of the directions of the Hon’ble Supreme Court in CWP 657 of 1995…
The NYK Group has been selected by Japan's Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) as a “Competitive IT Strategy Company” for 2016. NYK is the first company in the maritime industry to receive this award…
