Shipping Industry Presses to Undermine European Ship Recycling Regulation
On Monday, the EU member states’ experts on ship recycling met in Brussels to discuss the latest developments, six months ahead of the application of the 2013 Ship Recycling Regulation. With the recent decision...
CMA CGM to Buy Finland’s Containerships to Bolster Regional Network
French-based CMA CGM, one of the world’s largest container shipping firms, has agreed to acquire Finland’s Containerships from Container Finance Ltd Oy.
* Terms of the deal, which is expected to close in three to...
Liberian Registry and China Classification Society Join Hands
The Liberian Registry and the China Classification Society (CCS) have agreed a Memorandum of Understanding (MoU) as the latest step in its strategy to collaborate effectively with its long-term key industry stakeholders.
Under the terms...
North Sea Crude Ship-to-Ship Offers Multiply Despite Viable Arbitrage East
Three ship-to-ship (STS) offers of North Sea's Forties crude were shown during the Platts Market on Close assessment process Tuesday, after two STS offers were shown Monday, despite talks of firming fundamentals.
In the MOC...
Further Dry Cargo Newbuild for Scotline
In move to favour modernisation in the United Kingdom, the shortsea operator Scotline’s fleet has been set in train through an order for a second newbuild dry cargo vessel of 4,785dwt from the Royal...
Connecting Fleet Management with E-procurement
The Fleet management software can be connected with e-procurement platforms to produce seamless transactions of ship spares and services. This has been achieved by a Norwegian fleet management software developer and a US-headquartered e-commerce...
Autonomous Ships can Navigate Around Obstacles
The recently tested prototype of an autonomous vessel is capable of navigating around obstacles with the use of onboard sensors and intelligent components.
Prototype tested
The company Aker Arctic tested a wireless model of a vessel...
Cargo Ship Damages 200 Artificial Reefs Off Sarangani Bay
On June 18, a Vietnamese cargo ship damaged artificial reef domes when it ran aground off Sarangani Bay near Makar port.
What happened?
The Vietnamese cargo ship ‘HTK Energy’ was enroute to Makar port when it...
Reducing Carbon Emissions: Is the Shipping Sector Prepared?
Environmental groups were annoyed when shipping was omitted from 2015’s Paris Agreement, under which participating countries pledged to limit the global average rise in temperature to ‘well below’ 2°C from 2020. But the increase...
[Watch] Navy Anchors Burning Vessel Off Kolkata
Indian authorities have managed to drop an anchor from the ill-fated general cargo vessel 'SSL Kolkata', which had been on fire in the last two days and abandoned by its 22 crew members on...