and search and rescue operations are ongoing for four missing crewmembers with the Indian Coast Guard assisting. Two of the evacuated crew are understood to have sustained injuries. The ship less than 12 months old was en
route from Singapore towards Suez when the fire started some 900 nautical miles southeast of the Omani port of Salalah.
analyst Nicolay Dyvik says tanker shares are down on average 50 percent since time of downgrade by DNB in 2016, "and we think it’s time to buy again". DNB Markets predicts VLCC spot rates set to increase from $22,000 a
day in 2018 to $41,000 a day by 2020. This compares to VLCC spot rates below $10,000 in recent weeks
by IMO Secretary-General Kitack Lim, Her Majesty Queen Elizabeth II unveiled a commemorative plaque and cut an anniversary cake. Her Majesty also met some of the guests attending the event, including representatives of IMO Member States, inter-governmental
and international non-governmental organizations, and IMO Secretariat staff.
current largest boxship series a set of five 6,500 teu ships. The Rayen will join IRISLs HDM service connecting East Asia with the Middle East. The other three newbuilds are set to deliver from HHI by August this year. With
their 14,500 teu intake, they will soon become the largest container ships to call Iran, Alphaliner noted in its most recent weekly report.
over 2016. Cruise passengers arrived through 68 cruise ports in 2018 on 120 different ships. 56 different cruise lines visited the U.K. ports, and strong regional growth is being experience, including ports such as Douglas (Isle
of Man), Kirkwall (Orkney), Portland and Tyne.
of its kind on the market. The IA system forms part of our ongoing development of the autonomous ship, but we decided to make the technology available today as it offers real benefits to the existing shipping environment," said Iiro Lindborg, Rolls-Royce’s
general manager for remote and autonomous operations. "IA is undoubtedly one of the most significant advances…[in] navigation safety.
in ensuring public safety, there is a completely different ask. Instead of holding our tongue, we are encouraged to speak up and report anything that doesnt look right. If you see something, say something, is the modern-day mantra, enlisting everyday citizens
to act as the governments eyes and ears and report crucial information that could save lives.
this: I do feel the way banking is done today is outdated and is at risk of being picked apart by nimble, new entrants. The key theme in ship finance in 2018 will see Smaller banks in Europe are eyeing the gap left by departing
big names while Asian giants are rapidly becoming the leaders in the field.
requirements are aimed at enhancing the energy efficiency of international shipping. The data collection will begin on January 1, 2019, with data reported to IMO at the end of each calendar year. The data collection system
is intended to equip IMO with concrete data on fuel oil consumption, which should assist member states in making decisions about any further measures needed from international shipping.
said in a regulatory filing that the value of the issuance had been changed with newly issued shares to be assigned at 5,870 won per share, instead of the originally planned 6,510 won per share. Samsung Heavy shares have
fallen about 35 percent since the plan to issue new shares were announced in early December.
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