1. Snapping Up Euro Capacity
led by Cosco, now control 10% of European container terminal capacity, up from less than 1% at the start of the decade. While Chinese SOEs have been able to buy up majority stakes in ports across Europe, Beijing has not reciprocated with no European terminal
operator able to hold a majority holding of any port in the Peoples Republic.
to 1.61m teu in the last quarter of the year from 1.67m teu previously while total revenues increased by 6.0% to $1.38bn from 1.30bn in the previous corresponding period, OOCL said in a press release. While loadable capacity increased by 1.0%, the overall
load factor fell 3.7%.
According to State Oceanic Administration of China, more oil slicks have been spotted at locations between 500m to 2km southwest of the ship wreckage site. The oil spill could cause long-term impact on the marine environment, especially the unpredictable expansion
of the oil slick could endanger marine organism in the waters of Zhoushan, Chinas largest fishery hub.
through unregistered crewing agencies. Many of them have been left stranded outside India or not been paid their wages. Some have even fallen into the trap of working on a ship carrying illegal cargo, and have had to spend a considerable amount of time in
prison, most likely through no fault of their own.
by Greek owners being bank finance to support their ambitions being harder to get these days the challenge to get funds many have looked at the available, alternative sources, albeit they are expensive. Greek owners taking advantage of the relatively poor
markets and low level prices to acquire young secondhand vessels, with Japanese built tonnage the main target.
source of the foreign currency Pyongyang needs to fund its nuclear weapon and long-range missile programs. But the secretive Communist state has at least three times since then shipped coal to the Russian ports of Nakhodka and Kholmsk, where it was unloaded
at docks and reloaded onto ships that took it to South Korea or Japan.
on control systems for gasoline plants and oilfield automation Shatto was assigned to the Marine Division in Los Angeles where he became involved in what was eventually to become the first dynamically positioned offshore vessel: the Eureka. DP technology is
nothing short of amazing and is shaping modern shipping and the very future, even today.
a ship travelling between Copenhagen and Oslo. IMO’s Sascha Pristrom gave a presentation on IMO’s plan to lead shipping into a new digital era. He updated participants on IMO’s e-Navigation Strategy Implementation Plan (SIP) as well as its work with the International
Hydrographic Organization (IHO) to develop guidance on definition and harmonization.
become an important alternative to heavy fuel oil due to its relatively low carbon footprint, which will enable ships to meet increasingly stringent international regulations on emissions. The group is looking to commercialize a new business to supply liquefied
natural gas as a marine fuel to ships in the countrys Chubu region.
has also granted the underwriters a 30-day option to purchase up to an additional 686,000 shares. Costamare informed that the gross proceeds from the offering, in the amount of USD 115 million, would be used for general corporate purposes, which may include
vessel acquisitions or investments and repayments of indebtedness.
Daily news feed from Seacurus Ltd providers of MLC crew insurance solutions
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