in 2007 and the shipping downturn in 2016, and it required two separate taxpayer bailouts to remain open. The EC had set a deadline of February 28 requiring the bank’s previous owners, the German states of Hamburg and Schleswig-Holstein, to either sell off
the bank or wind down its operations.
collaboration and co-creation in the Wärtsilä Digital Acceleration Centre (DAC) beginning in March. In addition, they will receive a capital grant of EUR50,000. Finland-based KNL Networks provides a data network for maritime communications.
Portcall.com, based in the USA, offers a collaboration platform that logs incoming and outgoing ships in ports, and optimises port operations.
older units are removed in a weak market and replaced with new vessels as rates recover. VesselsValue.com pointed out. Meanwhile the tremendous increase in ordering of newbuildings means that the tanker fleet is relatively young while the oversupply situation
will lead to premature scrapping, meaning the scrapping situation is likely to snowball this year.
said: This task force will be crucial in opening up the wealth of career opportunities in the maritime industry to women around the country. The UK has one of the most competitive maritime
sectors in the world and with only 3% of the workforce being women, it is vital more take advantage of the exciting opportunities the sector has to offer.
the LPG Forecaster published by global shipping consultancy Drewry.
rate of $21,000pd.
While off West Africa, A merchant vessel reported being attacked at 0115 hrs local time in Cotonou Harbour. No additional details were reported. Robbers often attempt to steal items from vessels in the Cotonou port area. In addition, a group of 10 armed pirates
on a speedboat attacked a reefer vessel underway 40 nm southwest of Bonny Fairway buoy.
8 was on passage to Grimsby, U.K., from the Lynn Wind Farm in the North Sea with two crew and eight windfarm technicians on board. Shortly after setting off, the vessels port engine suffered catastrophic damage and caught fire. The passengers were quickly
transferred to Windcat 31, and the fire was contained within the port engine space and soon extinguished.
cruises in record numbers, but with very different expectations to those of older generations. Numbering roughly 80 million in the U.S. alone, millennials have overtaken baby boomers as the largest population demographic. By
2020, they will spend $1.4 trillion annually, around 30 percent of total retail sales, according to the consulting firm Accenture.
Veritas digital certificates may now be issued on behalf of 52 flag states, representing 72% of the BV-classed fleet, the classification society said in a press release. In 2017, BV issued more than 50,000 e-certificates for different services including the
inspection of shipping containers.
her maiden call at the Greek port while enroute from China to Rotterdam, her Piraeus call marking the inauguration of the 3rd berth for 20,000 teu plus vessels at the Piraeus Container Terminal (PCT). With the container business booming, the call of Cosco
Shipping Taurus will bring more business to Piraeus port, said Captain Fu Chengqiu, ceo Piraeus Port Authority (PPA).
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