1. COSCO Surge Ahead
and has been met with record voting numbers to date. With more than 200 votes cast in the first 48 hours since the poll went live, 71% of respondents believe Cosco will top Maersk Line to be crowned the worlds largest liner within 10 years. One reader cited
the strong and cheap credit available to Cosco making its move up the rankings easier.
associations BIMCO, a representative of shipowners, and Comité International Radio-Maritime (CIRM), an organisation involved in the development of the marine electronics industry, have sent a proposal to the International Maritime Organization (IMO) after
a four-year period of collaboration industry leaders.
Top management at the European Community Shipowners Associations (ECSA) has urged for swift progress to be made between the EU and the UK over Brexit negotiations. ECSA representing European shipowners calls for rapid and positive progress to be made towards
an EU/UK agreement, the association said in a release on Wednesday, adding: Shipowners look forward to an agreement which preserves the economic benefits of existing EU/UK trade and trade flows, safeguards shipping services, the employment of seafarers and
the value of the wider maritime cluster.
Its taken more than five years but finally the Foundation Det Norske Veritas has bought out its German partners stake in merged class society DNV GL. In 2012 DNV agreed with German investment vehicle Mayfair to merge with Germanischer Lloyd to form class
giant DNV GL. A week ago Mayfair agreed to sell its 36.5% stake in the merged company, the pair have revealed, making the company fully Norwegian. Nevertheless, the company has been keen to stress that it will keep its maritime headquarters in Germanys port
city of Hamburg.
India’s major ports handled 439.66 million tons of cargo from April to November, 2017. This was a 3.46 percent increase on the 424.96 million tons handled during the corresponding period in 2016. Nine ports (Kolkata (including Haldia), Paradip, Visakhapatnam,
Chennai, Cochin, New Mangalore, Mumbai, JNPT and Kandla) registered positive growth in traffic. The highest growth was registered by Cochin Port (17.93 percent), followed by Paradip (13.13 percent), Kolkata (12.64 percent), New Mangalore (7.07 percent) and
JNPT (5.69 percent).
CM CGM has launched "Serenity", a suite of offerings designed to calm clients fears in the event of unforeseen events during freight transport. It is the first part of this new package. It allows a quick compensation for businesses whose goods have been damaged
or lost during transport for any reason, including natural disasters. It provides for a refund up to 100% of the value of the goods in less than 30 days. CMA CGM will soon offer a product to cover costs in the event of damage to a container during handling
as well as another product to compensate shippers in cases of payment default by their own customers.
A new Sea Traffic Management (STM) project, EfficientFlow, has received E.U. funding from the Interreg Central Baltic Programme. STM connects and updates ships and ports in real time and facilitates efficient information exchange. The system has been developed
in three consecutive E.U.-projects running 2010-2018. The new EfficientFlow project will contribute to more efficient traffic flow in the two ports of Gävle, Sweden, and Rauma, Finland, as well as in the ScanMed corridor between Stockholm and Turku by implementation
of STM and its integration into the full logistic chain.
safe and environmentally sounder manner and take care of occupational health and safety risks related to workers engaged in the recycling process. Indias Ministry of Shipping informed that the matters related to shipping are currently governed by Ship Breaking
Code, 2013, as amended.
a "gross violation of international law and basic human rights". The company claims to have spent significantly to get the men freed – though this is something that charities and campaigners alike strongly dispute. It is alleged the company simply abandoned
the crew, something which made a bad situation even worse.
this leading port into household name in maritime innovation.
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