VIDA Signed into Law
On December 4, the White House announced the bill which included the Vessel Incidental Discharge Act of 2018 (VIDA).
Bill passed
The 'Vessel Incidental Discharge Act of 2018 (VIDA)' bill (S.140) was signed into law and has...
World’s First Full Digital Shipping Company Shaping Up
Under "The Contopia Factor”, entire container fleet of one shipping company will be digitalized in 2019.
Mid to small size shipping companies have the chance to get selected to equip their entire fleet...
Divers Exceptional Bravery Gets IMO Award
On December 6, The International Maritime Organization (IMO) awarded the 'IMO Award for Exceptional Bravery At Sea 2018' to a Chinese diver.
Collective decision
This annual award was established by IMO to provide international recognition for...
New SRTI Platform For Disclosing Information On Ship Recycling
Ship Recycling Transparency Initiative(SRTI) launched in London to support sustain shipping
SRTI is an online tool for sharing information on ship recycling and to drive responsible practice
SRTI to support responsible recycling and is...
HMM to Leave 2M Alliance! May Join the Rival Ocean Alliance?
HMM plans to leave the shipping alliance with the 2M Alliance
HMM ready to forge a new ocean alliance when its ties with the 2M Alliance expire in April 2020
The contract is unfavourable for...
ONE Bunker Surcharge On All New Contracts from Jan. 1, 2019
ONE will implement a bunker surcharge on all new contracts beginning Jan. 1, 2019, "to be valid till further notice," to help offset the costs of preparing for 2020 sulfur regulations change.
The...
WFW to Retrofit Scrubbers On Selected Vessels
In a recent development, WFW advises MPCC on major scrubber acquisition order says a news letter published on their website.
Acquisition and finance info
Watson Farley & Williams (“WFW”) advised MPC Container Ships ASA (“MPCC“) on...
Cosco Considers London Stock Exchange Listing
Cosco trying to raise capital on the London Stock Exchange in a bid to move to the European market.
Through the global depository receipts they can raise money by the Shanghai-London Stock Connect.
...
Crowley Adds 400 New Refrigerated Containers to its Fleet
Crowley Logistics received 400 new reefers in Santo Tomas, Guatemala to accommodate the northbound reefer season through May 2019.
Crowley has invested over 0.25 billion dollars in new cargo equipment for its fleet.
...
Ballast Water Management Systems With High Flaw Rates
American Shipping Bureau survey reports that 30% BWTS have problems and 15% are inoperable.
The survey conducted among 220 vessels cutting across 27 owners highlighted the problem of BWTS maintenance.
Fitting and choosing...