Chinese domestic container carrier Nan Tsing Container Lines has ceased operations of its entire shipping fleet as it struggled with mounting debts, says local media. This leaves more than 40 containerships operated by the shipping lines have been detained at several major ports in China…
In its latest weekly report, London-based shipbroker Gibson noted on China that “certainly, Chinese manufacturers have lost their appetite for commodities which has impacted heavily on demand for coal, iron ore and copper with an obvious impact on the dry cargo market…
From 1 October, a new regulatory amendment will come into effect which requires cruise ships calling to use low sulphur fuel (01% of less) while berthed in Sydney Harbor.A second stage of the amended regulation, which will require the use of low sulphur fuel (0…
Capesize - With the Chinese away from there desks during the final part of the week, conditions slowed down considerably with rumors of fixing out of West Australia already showing softer numbers. Nevertheless, the Pacific basin was still…
The Swedish government has proposed a Swedish tonnage tax system. The aim is for Swedish shipping companies to compete under equal conditions with companies in other countries in Europe.At Donsö Shipping Meet 2015, the Minister for Infrastructure…
The Global Marine Technology Trends 2030 report released today indicates that: * Momentum and capability for a significant evolution in ship design and operation is now building – the report presents design scenarios for commercial ships…
Circular issued by Suez Canal Authority concerning ships' documents and drawings which are required to be ready onboard before transiting the canal for first transit or each transit to avoid any fine and/or delay. Those concerned are requested to take note and be guided by the instructions…
There being a new Recreational Craft Directive is now common knowledge in the industry, because of which and due to brisk demand, IMCI organized several seminars to bring the boat building community up to speed with the new requirements. The first was at IMCI Headquarters in Belgium and then…
Port security has too often lagged behind the demands of ever more vulnerable facilities with new technology often being deployed as an after-market add-on, rather than a homogenous part of the port’s day to day working. With new ports being…
Just two years after its launch, leading manufacturer of marine coatings – Hempel – announces that its revolutionary award winning antifouling product HEMPAGUARD has now been applied as a full vessel coating to more than 350 ships. HEMPAGUARD…
A new factory trawler fishing vessel being built for Norwegian marine trawling operator Halstensen Granit AS is to feature a complete Wärtsilä propulsion solution. The vessel is under construction at the Tersan yard in Turkey and the Wärtsilä equipment is scheduled for delivery in mid-2016…
In the first six months of the accounting year 2015 the Swedish Club made a deficit of USD 6.3 million. The result was affected by lower returns from both the technical- and non-technical accounts. Underwriting performance registered…
The Government of Swaziland, despite being entirely landlocked, has backed a plan to build a channel to the Indian Ocean, the latest in the 21st century’s epic round of global canal construction. Officials in Swaziland has confirmed…
United Arab Shipping Company (UASC) has launched two new West Africa services, WAF2 and WAF3, to enhance schedule reliability and cater to growing demand. The new services, effective September 2015, will operate in addition to UASC’s existing WAF1 service…
The death toll from a wooden boat that capsized last week with Indonesian migrant workers off Malaysia's west coast has risen to 61, reports Reuters. Another 20 Indonesians have been rescued. Malaysian maritime official Mohamad Hambali Yaakup says rescuers have retrieved the bodies of 37 men…
