The special treatment procedure to issue International Energy Efficiency (IEE) Certificate for the Malaysian flagged vessels by their Shipping Notice (MSN 09/2012) has already been provided in ClassNK Technical Information No. TEC-1038. This…
• A.P. Moller – Maersk A/S (Maersk) recently announced its undertaking of a strategic and structural review of its business set-up. • We understand that the disposal of one or several of Maersk's main business units could form part of the review's outcome…
Daewoo Shipbuilding & Marine Engineering (DSME) is being rocked by estimated trillions of won (billions of U.S. dollars) of accounting fraud amid the ongoing restructuring process for Daewoo as well as other two shipbuilders, says a report in Xinhua…
With profit before tax of DKK 480 million, Middelfart-based Selfinvest, which includes the global Group A/S United Shipping & Trading Company (USTC), is yet again filing an impressive set of financial statements. This was generated via record results in several of USTC’s subsidiaries…
Alfa Laval remains on track to submit a US Coast Guard (USCG) type approval application for Alfa Laval PureBallast 3.1 in the coming weeks. The company has successfully completed all required land-based tests using the current system design…
Business Korea reports that rumours are now rife in the container business world that Maersk could swoop on Hyundai Merchant Marine and subsume its activities into their own business. The report says that recent moves by Hyundai Merchant Marine to join the 2M alliance led by Maersk and MSC…
The International Spill Control Organization (ISCO) and BIMCO are working together to develop a standard contract for spill response services. The contract is expected to be published by the end of the year. The Spill Response Services…
The International Dockworkers’ Council (IDC), International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) are calling on dockers’ unions around the world to organise an hour of activities on International dockers’ action day next Thursday…
A Russian warship carried out aggressive and erratic maneuvers close to a U.S. Navy ship in the eastern Mediterranean Sea, the second such Cold War-style incident there in a matter of weeks, the U.S. military said on Saturday.The U.S. European Command said the Russian frigate…
Vietnam has called for an international tribunal in The Hague to deliver a 'fair and objective' ruling in an arbitration case lodged by the Philippines that challenges China's expansive claims in the South China Sea.In a carefully worded…
On the week after the UK voted to leave the EU, UK Chamber of Shipping Chief Executive Guy Platten says the shipping industry needs to do what it always has done – keep calm and carry on. Fundamentally, and for the time being, nothing has changed…
“Uncertainty” has been a very well used word over the past week, following the result of the EU Referendum. The uncertainty that exists in British and European politics is only matched by the uncertainty that exists in British and European economics…
MARAD released an Energy Efficiency White Paper. The Maritime Administration (MARAD) has announced the availability of the Energy Efficiency White Paper that provides marine vessel owners and operators information on how to evaluate potential investments in efficiency measures and technologies…
Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service.It is anticipated that the board of directors of Exxon…
United Arab Shipping Company (UASC) announced today the conclusion of a 100% compliant Verified Gross Mass (VGM) lift of 159 UASC containers on board CSCL’s Saturn. This achievement comes ahead of the VGM requirement deadline of July 1st…
