Maersk Ventures into Trade Finance
To make overseas exports easier for Indian companies, especially SMEs, Denmark-based AP Moller – Maersk, one of the largest container shipping companies globally, has set up a new business vertical, Maersk Trade Finance.
In a...
VLGCs Face Increased Panama Canal Fees
The Panama Canal Authority (ACP) plans to raise transit tolls for LPG tankers from 1 October.
VLGC transit fee hike:
Under the new toll system, the return trip cost for a very large gas carrier (VLGC)...
MOL to Verify Reduction of Wind Resistance on Vessel in Service
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that the company has completed an in-service demonstration test of a wind resistance-reducing windshield for containerships, and determined that the device reduces emissions...
Cargo Ship Hits Private Boat
A man has been rescued from Lake St. Clair after a 17-foot boat collided with a 400-foot cargo vessel off Grosse Pointe Shores, northeast of Detroit.
What happened?
The Coast Guard told that the collision occurred...
New Boil-off Gas Compressor for LNG-fuelled Vessels
TMC develops new boil-off gas compressor for LNG-fuelled vessels
Norway-based TMC Compressors (TMC) is set to launch a new boil-off gas compressor at Nor-Shipping event in Oslo, Norway, which is set to be held later...
2 Sailors Toss Ship’s Trash Overboard, But Forget to Cover Their Tracks
If you’re going to do something illegal or unauthorized, here’s a tip: Don’t leave a note. Two sailors aboard the Navy’s USS Whidbey Island never got the word.
After 20-inch disks of compacted trash began...
Banks to Set Up Responsible Ship Recycling Standards
Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian counterparts SEB and DNB, announced at NOR-Shipping in Oslo that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship...
US Quits Paris Climate Agreement
President Donald Trump has announced that the US is withdrawing from the 2015 Paris climate agreement.
He said moves to negotiate a new "fair" deal that would not disadvantage US businesses and workers would begin.
Mr...
UK Foreign Secretary Visits Coldharbour Marine Plant in Lingby
UK Foreign Secretary Boris Johnson paid a special visit to Coldharbour Marine recently as the ballast water treatment system manufacturer’s facility in Nottinghamshire gears up for significant export-oriented production. Coldharbour Marine has spent more...
Dubai Maritime Cluster Office Makes a Big Impression at Norshipping
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has been presenting the Dubai Maritime Cluster Office initiative at Norshipping 2017 with considerable...