The French State has implemented new provisions regarding tax exemptions on commercial vessels of at least 15 meters in length, including yachts. The provisions came into force on the 1st January 2016. These provisions can be found in…
The Navy is aligning limited duty officers (LDO) who support the nuclear enterprise under the 640X designator into the 62XX nuclear power series, according to NAVADMIN 006/16 released Jan. 6.This change aligns all submarine and nuclear enterprise LDOs' job functions…
After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4…
A super year for the VLCCs behind us which ended at earnings Meg/East close to $100k/day, says Fearnleys Week. The new year has started somewhat slower and rates ex Meg are off the peaks, but earnings remain very healthy. Continued interest…
With MSC Mediterranean Shipping Company has resumed vessel operations to Iran, after services were suspended in 2012 in response to trade sanctions, Some of the world’s largest container shipping lines are pursuing business in Iran, reports WSJ…
The latest edition of Hackett's Global Port Tracker North Europe Trade Outlook predicts cargo volumes on the route may fall this year, with a decline of as much as 4% of total moves at ports in Northern Europe. It predicts declines in container…
ZIM Integrated Shipping Services has announced the expansion of its refrigerated container fleet in order to answer the demand for its innovative ZIMonitor service. Launched in early 2015, ZIMonitor allows customers to track, monitor and remotely control sensitive…
European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS. Bunker fuel prices came down significantly…
Two years after Cal Maritime became the first U.S. maritime academy and training ship to be certified for the International Maritime Safety Management Code, cadets at the academy are seeing the benefits. “The most compelling part of this…
Containership Lowlands Kamsar has been detained by U.S. Coast Guard personnel in Seattle, Monday, after a Port State Control exam detected several safety violations. The Lowlands Kamsar a 751-foot, Panamanian-flagged ship will remain in…
The largest container ship to ever visit the U.S., the1,300-foot-long CMA CGM Benjamin Franklin, left the Port of Oakland Monday afternoon around 1:15 p.m. after docking at the port on New Year’s Eve, port officials said. It stopped at Los Angeles first before arriving in Oakland…
The Saudi-Iran standoff is certainly one to worry over given its ramifications for oil supply as they sit on either side of the Persian Gulf, the world’s biggest concentration of oil tankers, reports Bloomberg. The Strait of Hormuz at the…
The Islamic Republic of Iran Shipping Lines (IRISL) is seeking to open bureaus across Europe, says its Managing-Director Dr. Mohammad Saeidi. IRNA reports Saeidi as saying that once the arbitrary sanctions on Iran are lifted, Iranian-flagged ships can travel between Iranian and European ports…
Star Bulk Carriers has entered into agreements to sell four newbuilding Capesize vessels to unaffiliated third parties for an aggregate gross price of $148mln. The vessels are currently under construction in China at Shanghai Waigaoqiao Shipbuilding…
The International Institute of Marine Surveying (IIMS) is set to celebrate its Silver Jubilee in 2016. Marine surveyors continue to provide a pivotal and vital role to the world's shipping, maritime, boat and yachting industry sectors.…
