Capt. B.B. Sinha, Director (P&A) of The Shipping Corporation of India limited (SCI) has assumed the additional charge of the post of Chairman & Managing Director, SCI w.e.f. 01.01.2016 as per the Office Order received from the Ministry of Shipping till 31…
The South Korean government will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade. A report by South Korea's Yonhap News Agency said the fund will help shippers buy and sell vessels with less financial risk…
The Ministry of Shipping has taken many proactive and progressive interventions in the areas of shipbuilding, port development, inland waterways and coastal shipping this year for the development of the maritime sector in the country. The key initiatives includes Sagarmala Project…
Promoting ease of doing business has been at the core of the efforts of the Ministry during the year. Focus has beenonsimplifying procedures by removing irritants that make it cumbersome to carry on business smoothly. The major highlights…
Recent developments in the United States suggest that cybersecurity of the maritime sector will come under increasing focus in 2016, says Hogan Lovells. On December 16, 2015, H.R. 3878, “Strengthening Cybersecurity Information Sharing and Coordination in Our Ports Act of 2015…
China's cabinet on Tuesday (Dec 29) approved a deal that fuses two of the country's biggest state-owned transport and logistics firms, reports Reuters. China's cabinet has approved China Merchants Group's acquisition of Sinotrans & CSC Holdings Co…
Russian Maritime Register of Shipping (RS) brings to notice that the new amendments to the International Maritime Dangerous Goods (IMDG) Code will become mandatory on 1 January 2016. The amendments to the IMDG Code contained in Resolution MSC…
Hawaii's Governor David Ige visited Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility December 21 to learn more about the historic shipyard's national security mission and role as the state's largest industrial employer, marking…
China is going after container shipping lines for freight rate abuses. The Chinese Ministry of Transport has fined a total of $65 million on price-fixing charges. The National Development and Reform Commission said in a statement that the…
Alaska Governor Bill Walker announced Fugro as winner of the 2015 Governor’s North Star Award for International Excellence in the category of scientific exchange. The accolade follows the ‘Spotlight on Arctic Technology’ award announced during the annual Arctic Technology Conference last year…
China and South Korea held a key meeting seeking to resolve boundary issues in the Yellow Sea. The Chinese delegation was led by Vice Foreign Minister Liu Zhenmin while South Korea was represented by 2nd Vice Foreign Minister Cho Tae-yul…
The European Commission has sent to Greece a set of proposals to ensure that state support to the maritime sector in Greece complies with EU state aid rules. In particular, the Commission found that current provisions may breach EU state…
Global maritime welfare charity The Mission to Seafarers outlines emergency support work with surviving crew members of the Thorco Cloud – a general cargo vessel which sank in the Singapore Strait after a collision on December 16. The other vessel involved…
BMT Isis, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, has announced the appointment of Barry Flower as Marketing and Sales Director. Flower has 25 years of experience in the…
The port of Antwerp is on course to handle more than 200 million tonnes of freight this year for the first time ever. And in container transhipment too a new record has been set, with more than 9 million TEU (twenty-foot equivalent units…
