First Business In The World To Be Valued At $3 Trillion
Apple is about to reach yet another significant milestone. The iPhone maker is on the verge of surpassing a market value of more than $3 trillion, making it the first publicly traded corporation to...
Fire Aboard Berthed Vessel, Grave Damage
Fire erupted on board of passenger ship berthed at Sorong City, West Papua, Indonesia, early in the morning LT Dec 14, reports Maritime Bulletin.
What happened?
Fire erupted on board of passenger ship that was berthed...
ClassNK Grants Innovation Endorsement To U-MING’s FSM System
ClassNK has granted its Innovation Endorsement for Products & Solutions to U-MING.
U-MING describes their proprietary FSM System collects near real-time information on vessels so that the crew and operations personnel can access...
NYK Solve The Shortage Of Future Seafarers
A technology development project on the highly automated operation of marine engines – R&D on Next-Generation Coastal Ships Utilizing Remote Engine Monitoring Technology.
Project was selected by the Ministry of Land, Infrastructure, Transport...
InterManager Launched A Survey On Enclosed Space Deaths
InterManager launched a survey on enclosed space deaths, to which 5000 seafarers responded.
Human Element Industry Group (HEIG) set up the Enclosed Space Project.
Most of the analysis is complete and it is...
EU’s Possible Disapproval To Topple HHI-DSME Merger
Hyundai Heavy Industries Group has a grand plan to own its local rival shipyard Daewoo Shipbuilding & Offshore Engineering (DSME) under its arm.
But it is likely to fall through as the European...
North P & I Club To Focus On Planet, People and Performance
To provide insight into its initiatives and future priorities for sustainability, North P&I Club has launched its first North Group Impact Report.
The 22-page document details the Club’s progress in three key areas...
How Many Boxships are Waiting for Space At America’s Twin Top Gateways?
Out of sight, yet growing day by day, the number of containerships straddling the Pacific shoreline waiting for berths to open up at Los Angeles and Long Beach is now in excess of 100,...
Reasons for Shipping Container Shortage Ahead of Christmas, An Analysis
As the festive season approaches many shipping companies are finding themselves in the stressful situation.
They are unable to ship products and gifts to arrive in time for Christmas.
This is due to...
2022 Global Shipping, A Fitch Ratings Outlook
Fitch Ratings maintains its neutral outlook on the global shipping sector.
It may be due to continued strong market conditions for container shipping (albeit with some downside risk) and dry bulk, and expectations...