BLOG

FONASBA: Numerous Countries Unprepared for Container Weighing

Posted By Tony Sanchez / Cargo News / 0 Comments

April 4, 2016 There has been no guidance issued on the practical application of the measures regarding the implementation of the amendments to SOLAS VI.2 on container weighing in eighteen countries, a survey from FONASBA, an organisation representing the global ship agency and ship broking professions shows. Read More

Drewry: Big Ship Obsession Could Be Diminishing

Posted By Tony Sanchez / Cargo News / 0 Comments

April 4, 2016 The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable trades to deploy their big ships, in turn leading to a decrease in the economic imperative and the financial ability to order new vessel, according to shipping consultancy Drewry. Read More

Adani Ports Gets Go-Ahead to Buy Kattupalli Port

Posted By Tony Sanchez / , , / 0 Comments

April 4, 2016 India’s port developer and operator Adani Ports and Special Economic Zone Ltd (APSEZ) has received a nod from the government of Tamil Nadu on its plans to purchase the Kattupalli port in Chennai, India’s newspaper LiveMint writes quoting unnamed government sources. Read More

Third Weapons Seizure in Arabian Sea

Posted By Tony Sanchez / , , , / 0 Comments

April 4, 2016 For the third time in recent weeks, international naval forces operating in the waters of the Arabian Sea seized a shipment of illicit arms March 28, the US Navy informed. Read More

Rena Wreck No Longer a Hazard to Navigation

Posted By Tony Sanchez / , , / 0 Comments

April 4, 2016 The wreck of the ill-fated containership MV Rena no longer posses a danger to navigation in the Astrolabe Reef region, according to maritime organization Maritime New Zealand. Read More

Pirates Kidnap Four Malaysian Crewmen

Posted By Tony Sanchez / , , , / 0 Comments

April 4, 2016 Four Malaysian crew members were kidnapped by pirates on Friday, April 1st while their tug was under way around 17 nautical miles East of Pulau Sipadan, Sabah, Malaysia. Read More

Bahri Pens Financing Deal for VLCC Quintet

Posted By Tony Sanchez / , , , / 0 Comments

April 4, 2016 The National Shipping Company of Saudi Arabia (Bahri) has signed a Murabaha Facility Agreement, an Islamic financing using Murabaha Structure, with Riyad Bank that will be used to finance the construction cost of five Very Large Crude Carriers (VLCC) ordered in May 2015. Read More

China Main Import Source for EU

Posted By Tony Sanchez / , , , / 0 Comments

April 4, 2016 China has topped the European Union’s list of countries of import taking 20% share of the bloc’s all imports from outside the EU in 2015, data from European statistics agency Eurostat shows. Read More

Iran Set on Injecting USD 2.5 Bn in Tanker Fleet

Posted By Tony Sanchez / , , , / 0 Comments

April 4, 2016 Iran is seeking an investment worth USD 2.5 billion to upgrade its oil tanker fleet as it gears up to restore pre-sanction shipping links. Read More

Spotted: Maersk’s Newbuild Arrives in Parts

Posted By Tony Sanchez / , , / 0 Comments

April 4, 2016 A Maersk’s newbuild recently made its way from Poland to Kleven Yard in Norway. There would be nothing unusual about this, except for the fact that the ship was transferred – in parts. Read More