A number of fee rates within the Danish Maritime Authority's area will be changed from 2016. The price schedule is available from the webpage of the Danish Maritime Authority.The Danish Maritime Authority has recalculated the rates of the fees within the Authority's area…
Fugro is providing an additional vessel, the Havila Harmony, to join the search for the missing flight MH370 in the southern Indian Ocean. From the 93-metre multi-role vessel, Fugro will deploy the Echo Surveyor VII autonomous underwater vehicle (AUV)…
Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed.In their announcement Standard & Poor’s note:• the Club’s risk-based capital is expected to remain extremely strong…
The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption for Liner Shipping Agreements) Order (BEO) for another five years until 31 December 2020…
Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation. The deal between the companies is to buy 10 new 2800 TEU container vessels…
Despite challenging market environment with freight rates reaching historic lows in several key trades, ZIM Integrated Shipping Services continues to outperform the average adjusted EBIT margins in the Industry. ZIM Integrated Shipping…
China's Hong Kong Nicaragua Development (HKND) Co. said it is delaying the start of construction on a controversial $50 billion inter-ocean canal across Nicaragua until late 2016. HKND has obtained approval for environmental studies of the canal earlier this month…
A marked drop in Asian imports to Europe, made worse by a strong dollar, has exacerbated the pressure on shipping lines already struggling with massive over capacity, Arabian Supply Chain quotes United Arab Shipping Company (UASC) as saying…
Dan-Bunkering (Middle East) DMCC is pleased to announce that Lamin Bara has joined the office in Dubai as Bunker Trader as per 1 November 2015.Lamin was born and raised in a multilingual family in Denmark and has been working in the transportation/logistics industry for the past many years.
As part of the Government’s drive to encourage voluntary compliance with the tax rules, it will legislate to introduce a new requirement that large businesses publish their tax strategies as they relate to or affect UK taxation, as well as…
The global steel company SSAB and Aspo Group’s ESL Shipping Ltd have signed a long-term frame agreement covering sea freight for SSAB’s inbound raw material sea transport within the Baltic Sea and from the North Sea. The purpose of the agreement is to secure deliveries of raw materials…
ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market. The company's transport operations to the new Värtan Energy Port in Stockholm will commence at the end of this year…
There are various hazards associated with the trade in coal. UK P&I Club’s Loss Prevention Team highlights the risks involved, and advises on the relevant actions to take in order to reduce accidents. Self-heating incidents involving…
Lack of properly assessed and defined wear limits for jacking systems can lead to significant downtimes with financial implications for jackup operations. DNV GL, supported by leading global industry players in the jackup industry, has established a joint industry project (JIP)…
Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help Wärtsilä's customers seize the opportunities from digitalisation.The three…
