and achieved an EBITDA margin for the full year of 52.4 pct, DP World said. The port operators revenue marked 13.2 pct increase year-on-year standing at USD 4.71 billion, driven by strong volume growth across the board.
2018-2019. The agency said the nation suffered 135 piracy attacks between 2015 and 2017. However, it had been hoped that 2017 would mark the end of attacks – and this is seemingly not the case. Owners are warned to be vigilant when operating in the region.
in consumption, investment and international trade for industrialised countries and emerging markets, Berg said in the March 2018 IUMI quarterly issue. This is good news for marine insurance, as premium income correlates
with growth in trade volume and value, he explained. In addition, marine insurers are set to benefit from recovering rates.
If approved by the upper house at a later date, Dutch merchant ships will join those from other seafaring nations in carrying private armed security guards in waters where pirates abound, such as off the coast of the East African state of Somalia. Merchant
marine vessels will also continue to be able to obtain assistance from Dutch naval ships stationed in the area.
on The Global Impact of Shipping, Veniamis said shipowners are clearly opposed to protectionist policies that undermine free trade and have a negative impact on the maritime industry worldwide. Veniamis revealed that he
will head a delegation of Greek shipowners which will travel to Washington for talks on this and other crucial issues in coming days.
while some loss-hit accounts saw "high profile" rate increases, the majority of shipowners obtained single-digit discounts on mutual calls for the forthcoming policy period. A slight recovery in the dry bulk sector bolstered
shipowners’ confidence, helping to eke out decreases of between 2 percent and 5 percent across the 13 International Group Clubs.
2016. The Marine Accident Investigation Branch (MAIB) said weather forecast receiving equipment was defective. Saga Sky’s master had underestimated the risk of the weather overpowering
the vessel, investigators found. A power cable linking Folkestone and Calais was severed as both vessels dragged their anchors along the seabed in the strong winds.
pipe changeout at one of the majors oil fields, situated in the Central North Sea. The company will deploy dive support vessel Bibby Polaris for the engineering work, which has commenced in the fourth quarter of 2017. Additionally, Bibby offshore will mobilise
a construction support vessel in the second quarter this year. While DSV Bibby Polaris will support operations at a Southern North Sea gas field.
electronic reporting, remote monitoring, some levels of diagnostics and share information across their fleets. Data can be synchronised between ship and shore databases and vessels are able to send electronic reports to port and
flag authorities. Some of this can be done using L-band, but there is more bandwidth available at fixed costs with VSAT.
Directory 2018 lists phone numbers and e-mail addresses of 216 port chaplains covering 314 ports in 57 countries, compared to 261 ports across 55 countries in 2017.
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