Brussels Orders Britain To Pay £39bn Brexit Bill Even If There Is No Deal
Brussels insists Britain to pay £39bn Brexit bill to honor negotiations as a part of no-deal contingency announcement.
The extra funds will be used to soften the impact of no-deal in areas such as...
Liberia Ship Registry Is Now World’s Second-Largest
Liberia has coveted the second spot as the largest ship registry in the world - attributed to an agreement between China and the Liberian registry.
It offers huge cost savings under the historic agreement on...
Synergy Group Fleet Boosted By New 20,000+ TEU Containership
Synergy Group has taken delivery of Ever Gifted, an Ultra Large Container Vessel (ULCV).
The 20,000+ TEU capacity ULCV is one of the largest container ships in service worldwide.
The vessel offers fuel-efficient...
Tanker Glut Off Venezuela’s Coast
Sanctions were approved by the administration of U.S. President Donald Trump, aimed at driving President Nicolas Maduro out of power.
PDVSA exported 1.25 million barrels per day (bpd) of crude last year, including...
International Court To Rule on Ship Interception Off Guyana: Hess CEO
An ExxonMobil-chartered seismic ship offshore Guyana was intercepted by the Venezuelan navy.
John Hess, the CEO of Hess, a member of the ExxonMobil-led consortium has planned to move to an international court for...
Shipping Line Between India and Chabahar Port Established
Iran and India launched a shipping lane that connects India’s Mumbai to the Iranian southern port cities.
The first Indian cargo entered Chabahar’s Shahid Beheshti Port.
The port is to play a big...
Top Ship Implementation Plan Items -IMO 2020
The 73rd session of the MEPC discussed the 2020 sulphur cap and decided on individual ship implementation plans.
By this circular, the IMO encourages flagged vessels to make their own plans.
Port authorities...
A Snapshot of Shipping Markets – More Countries Ban Open Loop Scrubbers
China has banned discharge of Wash Water from Open-loop scrubber starting this year. This echoes Singapore’s initiatives to be in effect from 1 Jan 2020.
P&I club Gard warns that additional countries are...
Weekly Maritime Security Report – Week 4, 2019
Protection Vessel Weekly has published this week's maritime security report. We are into the 4th week of this year and the report shows the various security concerns in the maritime industry. The report was...
Re-imagining Ocean-Based Transportation, Food, and Ecosystem Services
Ocean-based economies must be reevaluated to ensure system productivity and sustained services.
Increased global human activity and carbonized development are lowering the output from ocean-based services.
Since 2008, bulk freight rates have dropped...