The world’s largest containership was named the “MSC MICHEL CAPPELLINI” in a ceremony held on July 17th. The event took place at the Stromkaje Terminal in BREMERHAVEN, where an additional Memorandum of Understanding (MoU) was signed to enhance cooperation on the use of shore power for MSC ships at the port. China’s Jiangsu Yangzi Xinfu constructed this impressive vessel for…
The IMO Council has voted to appoint Mr. Arsenio Antonio Dominguez Velasco of the Republic of Panama, for an initial four-year term, as the next Secretary-General, as of 1 January 2024, subject to the IMO Assembly’s approval.
Companies are looking to use the advancements in remote operation and uncrewed vessel technologies to increase capabilities and reduce the economic and safety risks in a range of tasks require for offshore wind farm development and other subsea tasks. A Norwegian joint venture company, USV, established by DeepOcean, Solstad Offshore, and Østensjø, has contracted for its first unmanned surface vessel…
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourth straight session on Wednesday, pressured by lower rates for larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 33 points, or 3.2%, to 1,004. The capesize index went…
VANCOUVER, July 19 (Reuters) – Striking Pacific coast dock workers in Canada on Wednesday issued a new 72-hour notice of a walkout just hours after a federal watchdog ruled their current stoppage was illegal. Amid mounting calls for resolute government action to end the strike, Prime Minister Justin Trudeau will convene a meeting of the so-called Incident Response Group later…
As of morning Jul 19, Kerch Strait remains closed for ships sailing to and from Azov sea ports – with all Azov sea ports being either Russian, or occupied by Russian forces. Situation with the Kerch Bridge after explosions might be worse than it is officially said by both sides, Russian and Ukrainian. Or how else to explain continuing transit…
The two parties have inked strategic cooperation agreement for establishing long-term partner relationship and will jointly develop food supply chain, container transportation, bulk cargo transportation, logistics supply chain, digitalisation, ship construction and repair. “Yihai Kerry and Cosco Shipping have powerful influence in respective fields and have close connections in our industries chain. Signing of the cooperation agreement will enhance our…
As part of building up its physical delivery operations in Singapore Monjasa has already deployed one tanker in full service, expected to be joined by additionally two tankers later this year. All three tankers are SIRE vetted and bring experienced crews when it comes to handling ship-to-ship bunkering operations in the Port of Singapore. “Coming from 15 years as a…
As many are aware, international trade relies on documentary credit instruments such as letters of credit, which serve as the backbone of transactions. The Uniform Customs and Practice for Documentary Credits (UCP) has been the governing body for letter of credit transactions worldwide for over 85 years under the International Chamber of Commerce. The UCP 600 introduced provisions in transport,…
Almost all countries around the world import fruit and fresh produce at various stages but fresh produce invariably comes with harmful pests foreign to the importing country potentially putting agricultural activity in that country at risk by their arrival and proliferation.. It may also be the case that the importing country has no effective natural predator of the insects from…