terminal handling of loading/unloading; terminal mooring and berthing arrangements; information exchange between the ship and the terminal and terminal equipment. The report evaluates terminal and port performance from around
the world to improve safety standards and the turnaround time of ships calling ports.
lines across the world. In its just published sustainability report, Maersk noted: [W]e operate in an environment where facilitation payments and extortion are common occurrences. The Danish
shipping conglomerate has been working for a number of years to get towards a zero facilitation payments target. Last year Maersk Line managed to reduce facilitation payments by 96%.
the third quarter of 2017, but significantly stepped up their bets in the final three months of the year, U.S. Securities and Exchange Commission filings compiled by Symmetric show. Shipping has been in a terrible trough
for a number of years, Chris Walvoord, global head of hedge fund research at investment consultant Aon Hewitt, said.
Seafarers Welfare Awards. The recognition is for those who have offered exceptional levels of welfare services and facilities to seafarers, and are now in with a chance of landing this prestigious and influential award at a ceremony
held at the International Labour Organization (ILO) in Switzerland. Over 2,300 individual nominations were received from seafarers.
the industry, the market could firm up pretty quickly. In its latest weekly report, shipbroker Clarkson Platou Hellas said that as more larger tanker units are talked in the market this week, there are stronger rumours emanating
from Pakistan that the ban on importing tankers will be lifted.
the growing global demand for LNG will boost transit through the waterway, said ACP administrator Jorge Quijano. The demand for LNG has taken off in recent years due to the abundant supplies of natural gas, especially from
shale deposits in the United States, and natural gas is also considered a cleaner fuel than coal or oil for the electricity generation.
came into force September 2017. The deferred requirements for existing vessels which last until September 2018 concern only the installation of a ballast water treatment system. All other aspects of the convention must be complied with and this includes
the requirement to carry out a ballast water exchange as necessary.
new report by A.M. Best. The Bests Special Report, Balance Sheets of P&I Clubs Strong But Pricing Under Pressure Amid Strong Competition states that ahead of the Feb. 20, 2018 renewal deadline, pressure from members and brokers
to reduce rates is growing. Competition is intense, exacerbated by a growing fixed-premium market.
tonnage increased from 461 million to 467 million. The rise in containers was offset by a fall in dry bulk of 2.6% and in wet bulk of 4.1%, as break bulk went up by 7%. The port of Rotterdam has had a good year. Led by
the container sector, goods throughput rose to a record level, Allard Castelein, CEO of the Port of Rotterdam Authority, commented.
low-sulphur fuel oil as a market particularly for traders, says Paul Hardy, Business Development, Nautical Supply International. Hardy predicted high demand for, and limited supply of, low sulphur fuel once the regulation enters
into force. He also pointed to the significant price differential between low sulphur fuel oil and marine gasoil.
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