Hyundai Seeks Fair Trade Approval for DSME Merger
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co. (DSME), reports MarineLink.
Request...
Container Market Up for Disruptions As Shipping Awaits More Cost Pressure
According to a Reuters report, the U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of armchairs...
Lack of Ambition Threatens IMO Emissions Reduction Targets
A “clear gap” in shipping’s development of low-carbon and zero-carbon fuels and technologies is threatening to derail IMO efforts to curb industry emissions, reports LNG World Shipping.
Report from CDP
A report from UK-based non-profit Carbon...
Lack of Risk Identification Causes Cargo Vessel Collision
What happened?
On the night of October 29, 2015, at 2226 local time, the cargo vessel Ocean Freedom collided with a fleet of moored empty tank barges while entering the Port of Corpus Christi, Texas.
Injuries and...
Jim Beam Warehouse Catches Fire, Destroying 45,000 Barrels of Bourbon!
Firefighters are trying to contain a massive blaze at the Jim Beam warehouse which resulted in the burning of 45,000 barrels of bourbon.
The crew members are trying to contain runoff damage flowing into a nearby...
Price of Bunker Fuel Set To Increase Globally from January 2020!
The price of bunker fuel is all set to rise as more companies are changing towards low sulphur fuel oil mandated by IMO.
This move is expected to increase the gross refining margins (GRMs)...
Power Cut Plunges Massive Cruise Ship into Darkness!
According to an article published in Newsweek, a power outage on a cruise ship plunged parts of the vessel into darkness and left passengers without air conditioning or elevators.
What happened?
The Carnival Vista, run by...
IMO 2020: JPMorgan Foresee 15% Fall in RILs Earnings Growth
Refining and Petrochemicals sector holds a 15 per cent downside risk to Reliance Industries' (RIL) estimated FY20 earnings.
Consensus earnings estimates have been cut by 12% for FY20 over the last few months.
...
CSIC Bags $2.08bn Worth Contracts
China Shipbuilding Industry Corporation (CSIC) secures $2.08bn worth of new deals including newbuilding orders, conversions contracts and financing agreements, says an article published in Splash247.
What is in the contract?
CSIC Leasing, the financial leasing unit...
BWTS Market To Expand by 2028
With the demand to improve stability and balance in unfavorable weather conditions, ballast water management becomes all the more important during loading and unloading, thereby, providing more stability and maneuverability during transit, says an...