Archive for July, 2018

Wärtsilä Ballast Water Management Systems successfully tested for global compliance

Wärtsilä Ballast Water Management Systems successfully tested for global compliance
Aquarius UV BWMS Wärtsilä Corporation,  20 July 2018 at 10 am EEST – The technology group Wärtsilä announces that its Aquarius UV Ballast Water Management System (BWMS) has successfully completed all testing procedures required for United States Coastguard (USCG) type approval compliance....
July 20th, 2018 | Environment, Marine Equipment Products and Services, Oceanology, Pollution, Technical, Technology | Read More

Price, Takahashi, Weis and Killian Claim Governor’s Cup Semifinal Berths

Price, Takahashi, Weis and Killian Claim Governor’s Cup Semifinal Berths
MATCH OF THE DAY – Christophe Killian (USA) led early, but in the end lost to regatta leaderHarry Price in a superbly contested match on Thursday, at the 52nd annual Governor’s Cuppresented by Farmers & Merchants Bank and hosted by Balboa Yacht Club NEWPORT BEACH, CA (Thursday, July 19, 2018)...
July 20th, 2018 | Sailing, Sports, Yachting | Read More

The Recycling of Ships

The Recycling of Ships
Dr Nikos Mikelis The Recycling of Ships. A major analysis by Nikos Mikelis  By James Brewer  Shipping industry chiefs will need to continue to support and to channel their business to demolition yards that are investing in improved standards, until governments finally bring into force the standards...
July 19th, 2018 | Books, News, Ship Demolitions | Read More

The BDI’s fall continues

The BDI’s fall continues
John Faraclas Another day of losses in nearly all sectors of the Dr and Wet Markets. Geopolitics are warming up for an all-out war. John Faraclas’ brief daily recap: Minus  31 points for the BDI now standing at 1,657 points. The Capes’ BCI on yet another three-digit losses – now at 3,130 points;...
July 19th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Navis to Equip Six River Box Ships with MACS3 Loading Computer

Navis to Equip Six River Box Ships with MACS3 Loading Computer
Loading computer approved by China Classification Society for inland waterway transport Oakland/Flensburg, July 19, 2018 – – Navis, the provider of the industry standard for loading computers for container vessels, has been selected to equip six 1,900 TEU fully cellular, gearless container vessels...
July 19th, 2018 | Classification Societies, IT and Communications, Marine Equipment Products and Services | Read More

Hot Port News from GAC

Hot Port News from GAC
19-Jul-2018 MARINE SITE INVESTIGATION AT YI O, LANTAU ISLAND Hong Kong DREDGING OFF PCS TERMINAL BERTH NO.6 Singapore END OF COMPULSORY ICEBREAKER ASSISTANCE PERIOD Sabetta, Russia Marine site investigation at Yi O, Lantau Island Thursday, July 19, 2018, Hong Kong With immediate effect and for a period...
July 19th, 2018 | Port Conditions, Weather | Read More

Radical overhaul of construction sector needed or will struggle to meet housing and infrastructure needs

Radical overhaul of construction sector needed or will struggle to meet  housing and infrastructure needs
… The construction sector as it currently operates cannot meet the UK’s need for housing and may struggle to meet the need for infrastructure. Given that the UK already lags behind other countries in construction productivity, and is facing a labour shortage, the Government and the construction...
July 19th, 2018 | Construction, Politics and Government | Read More

ITF: Australian ban ‘the kind of enforcement seafarers deserve’

ITF: Australian ban ‘the kind of enforcement seafarers deserve’
The ITF HQ’s in London ITF statement on the decision by the Australian Maritime Safety Authority (AMSA) to ban the Hong Kong-flagged bulk carrier MV Shandong Hai Wang for one year from Australian waters. ITF seafarers’ section chair and joint chair of the ITF fair practices committee, Dave Heindel,...
July 19th, 2018 | ITF | Read More

GAC Angola renews ship agency contract with POSH Semco

GAC Angola renews ship agency contract with POSH Semco
POSH Champion carrying out supply duties in Mafumeira Oil Field, Angola Complete husbandry and vessel clearing service Luanda, Angola, 19 July 2018 – Leading offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its close working relationship with GAC Angola...
July 19th, 2018 | Energy, News, Oil Industry, Ship Agencies | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, July 19, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, July 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The USD retained a firm tone in European trade favored by Fed Chair Jerome Powell’s positive comments on the US growth outlook in his congressional testimony on Tuesday before the Senate Banking Committee and again on Wednesday before...
July 19th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Wärtsilä’s half year financial report January-June 2018

Wärtsilä’s half year financial report January-June 2018
Wärtsilä Corporation Half year financial report 19 July 2018 at 8.30 a.m. local time WÄRTSILÄ’S HALF YEAR FINANCIAL REPORT JANUARY-JUNE 2018 GOOD DEVELOPMENT IN ORDERS RECEIVED This release is a summary of Wärtsilä’s Half year financial report January-June 2018. The complete report is attached...
July 19th, 2018 | Company Profiles, Marine Equipment Products and Services, Reports | Read More

The BDI falls; Geopolitics might rock the boat…

The BDI falls; Geopolitics might rock the boat…
John Faraclas It was about time to witness yet again one more result of an uncertain and unsustainable market despite the “rich” peaking of the last two weeks… The BDI (Baltic Dry Index)  fall, thanks once again to the as ever and predictably unpredictable Capes; we have hinted of this fall yesterday!...
July 18th, 2018 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
18-Jul-2018 BROWN MARMORATED STINK BUG MEASURES Australia MARITIME AND PORT AUTHORITY OF SINGAPORE REVOKES BUNKER CRAFT OPERATOR LICENCE Singapore Brown Marmorated Stink Bug measures Wednesday, July 18, 2018, Australia The Australian Department of Agriculture and Water Resources (DAWR) has announced...
July 18th, 2018 | Port Conditions, Ports & Terminals | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, July 18, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, July 18, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: During his testimony before the Senate Banking Committee, Fed Chair Jerome Powell sounded optimistic on the US growth outlook and reiterated that the FOMC believes that “for now the best way forward is to keep gradually raising the...
July 18th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

St Petersburg’s nautical tradition on canvas

St Petersburg’s nautical tradition on canvas
Tall Ships off Neva Yacht Club St Petersburg’s nautical tradition on canvas  By James Brewer  Ships at war and in peacetime – Russian painter Vladimir Yarkin has executed more than 50 significant maritime paintings ranging from 18th century scenes to modern-day nautical life. Many of his works...
July 18th, 2018 | Art and auctions, Events, Exhibitions, Maritime Art, Paintings and Sculpture | Read More

Hot Port News from GAC

Hot Port News from GAC
17-Jul-2018 INSTALLATION AND MAINTENANCE OF SILT BARRICADES OFF TUAS WESTERN COAST Singapore CANAL CLEARED FOR CONVOYS TO RESUME Suez Canal, Egypt NEW 96 HOUR ONLINE VISA REQUIREMENT Fujairah, United Arab Emirates Installation and maintenance of silt barricades off Tuas Western Coast Tuesday, July 17,...
July 17th, 2018 | Canals, Inland Waterways, Marine Insurance, Maritime Accidents, Port Conditions, Ports & Terminals, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Capes upturn… Geopolitics blues…

Capes upturn… Geopolitics blues…
John Faraclas The BDI (Baltic Dry Index) ended up today with another 26 plus points and now stands at 1,741 points – thanks once again to the Capes; Geopolitics though might create tsunamis of incalculable levels. John Faraclas’ brief recap: The Capes continued its unprecedented rise and the BCI...
July 17th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Reports, Statistics, Stock Markets | Read More

Belmax4 delivery

Belmax4 delivery
The “BELMAX 4,” Okskaya Sudoverf delivers BELMAX 4, fourth non-self-propelled barge of Project ROB20 On 16 July 2018, Okskaya Sudoverf Shipyard (part of UCL Holding) delivered the fourth non-self-propelled oil barge of Project ROB20, Belmax 4, to the Customer, State Transport Leasing Company...
July 17th, 2018 | Marine Equipment Products and Services, Shipbuilding and Shipyards | Read More

ICS Encouraged by IMO Progress on 2020 Global Sulphur Cap Implementation Issues

ICS Encouraged by IMO Progress on 2020 Global Sulphur Cap Implementation Issues
Peter Hinchliffe In a statement today, the International Chamber of Shipping (ICS) says it is encouraged by efforts made by IMO Member States to resolve some pressing practical challenges ahead of the global implementation of the 0.5% sulphur in fuel cap on 1 January 2020. Speaking after an important...
July 17th, 2018 | Associations, Emissions, Environment, International Chamber of Shipping, News, Pollution | Read More

WISTA International approved for IMO consultative status

WISTA International approved for IMO consultative status
The International Maritime Organization’s (IMO) governing body, the IMO Council, approved the Women’s International Shipping and Trading Association (WISTA International) application for consultative status on 5 July 2018.  “Consultative status gives us the opportunity to promote diversity,...
July 17th, 2018 | IMO, News, WISTA - Women in Shipping | Read More

New publication of proposed 2018 Regulations for banning prohibitions on assignment

New publication of proposed 2018 Regulations for banning prohibitions on assignment
Alex Monk New publication of proposed 2018 Regulations for banning prohibitions on assignment by Alex Monk Last week the government published its revised proposals for the Business Contract Terms (Assignment of Receivables) Regulations 2018 (the “2018 Proposals”). The previous proposed 2017 version...
July 17th, 2018 | Regulatory | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, July 17, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, July 17, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: US retail sales rose by 0.5%mom in June mainly on the back of a 0.9%mom gain in motor vehicle sales, following an upwards revised increase of 1.3%mom in May, the largest since September 2017. Solid US June retail sales, together with...
July 17th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Bureau Veritas races ahead with new transport sector appointment

Bureau Veritas races ahead with new transport sector appointment
Hannah Davis Amid exciting new plans for its thriving transport operation, global certification expert Bureau Veritas has appointed Hannah Davis as the new sector lead of its aerospace, automotive and transport division. Already active in her new role, Hannah is tasked with driving the strategic development...
July 17th, 2018 | Classification Societies, Company Profiles, HR, News, Person Profiles | Read More

Thome Group Celebrates 55 Years in Business

Thome Group Celebrates 55 Years in Business
Thome is still a family run business – Olav and Claes Eek Thorstensen July 2018 is a significant milestone in the history of the Thome Group because it was 55 years ago this month that the company was first incorporated in Singapore.  The expansion of the business from its humble beginnings as...
July 17th, 2018 | Anniversaries, News, Shipmanagement | Read More

The BDI@1,695 holds well…

The BDI@1,695 holds well…
John Faraclas Once again the Capes managed to keep the BDI (Baltic Dry Index) afloat reviving the hopes of the industry, but once again: one size doesn’t make a market, so caution for all as Geopolitics are still very perplexed and we wonder what next. John Faraclas’ brief market: The BDI gained...
July 16th, 2018 | Chartering, Markets, News, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More