positive about the outlook for global trade, the companys shares was down 2.9 percent to 10,060 Danish crowns by 0925 GMT after the fourth-quarter profit miss. Guidance for 2018 was vague, Fearnley analyst Espen Fjermestad
said of Maersks forecast for earnings before interest, tax, depreciation and amortisation (EBITDA). Shares in Maersk are down by more than 30% from a July 2017 peak.
matters of safety, security, and the environment, "putting big pressure on owners" the Greek Shipping Forum has heard. "The rate of detentions is very high in China compared with the Paris and Tokyo Port State Control
regimes," Terence Zhao, president of Singhai Mariner Services said. The number of inspections being carried out is also much higher, with one ship in 10 inspected.
latest weekly report, shipbroker Gibson said that just before Christmas last year, the tanker market was greeted with the announcement of the proposed merger between two NYSE quoted tanker companies, Euronav and Gener8. At the time of writing this merger
has still to be approved but, if the green light is given, the joint company will own 40 VLCCs and 28 Suezmaxes (incl. 4 newbuildings).
the festive season, has caused rates for hiring long-distance trucks to soar. An unexpected rough winter for the countrys south further compounded the problem and to make matters worse, capacity shrunk even further when the ELD mandate an electronic logging
device rule kicked in in December 2017.
an aggregate lifting capability of 147,000 tons. The ships average age is eight years. Although some operators have reduced tonnage, overall capacity has remained the same as the previous year in terms of ships (460 units both
years) while capacity is just two percent higher.
ran into trouble on February 6. While exiting the station astern, the ship reportedly touched underwater obstacles. The extent of the damage is currently not known. At the time of the incident, the 1990-built ship had
some 100 passengers aboard. The people were immediately evacuated onto the Bharati station.
of offshore drilling to all coastal areas of the US, but specifically focused on the plans for California. BOEM is an agency under DOI and responsible for managing exploration and development of the nations offshore energy
and mineral resources. It was holding a public meeting at the state Capitol building where officials spoke with members of the public about the plan and received public comments.
donated the steel frame supporting Cougars deck and topside called the jacket to the State of Louisianas Artificial Reef program and made a $619,000 contribution to the Louisiana Wildlife and Fisheries Department (LWFD) to help maintain and monitor the
reef. The jacket is now providing habitat for a variety of marine life, including red snapper and amberjack.
record in 2017, racking up 9,343,192 Twenty-Foot Equivalent Units (TEUs) handled throughout the year. The new record represents a 5.5 percent increase over 2016s record-breaking year. 2017 was a year beyond expectations
but it was not by chance, said Port of Los Angeles Executive Director Gene Seroka.
airplanes, they actually result from ship exhaust. The narrow clouds, known as ship tracks, form when water vapor condenses around microscopic pollution particles that ships emit as exhaust. Due to smaller and more abundant
particles than those of the surrounding clouds, the ship trails typically are brighter and thicker in appearance and with easily defined boundaries.
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