representing shipowners. While the proposed tariffs on aluminum and steel themselves are seen as having a limited impact on most international bulk trades, BIMCO warns the tariffs could trigger something bigger, like an all-out
trade war, that would negatively impact global shipping in a much wider way, including container shipping trades.
stake in merged class society DNV GL three months ago ending a protracted wrangle for control of the group. The Norwegian company had agreed with German investment vehicle Mayfair to merge with Germanischer Lloyd to form class giant DNV GL in 2012, with the
new brand DNV GL being unveiled in December the following year.
Group said so far it has not been served with any writ relating to such claim and the company is not aware of the grounds for the claim. The company intends to vigorously defend any claim if served. Richard
Elman, the founder of Noble Group, resigned from the board of the company this week soon after it emerged that he and other senior executives are being sued by major shareholder Goldilocks Investment.
to AIS data, the Liberte departed Le Havre after delivering her tow. Local outlet Paris-Normandie reports that naval divers are now cutting off the Britannica’s masts so that they do not strike the bottom at low tide – a delicate operation due to the unknown
stability of the upturned hull.
ETF Managers Group (ETFMG). The fund, called BDRY for short, provides long exposure to the dry bulk shipping market through a portfolio of near-dated freight futures contracts on dry bulk indices. This offers investors exposure
to dry bulk freight without the need for a futures trading account.
Honam is attended by the offshore tug Amazon Chieftain Z. As of Thursday, the Chieftain’s AIS signal showed her at a position 240 nm off the coast of Gujarat and headed north at three knots, with Jebel Ali as her destination.
drive new business models for the global maritime industry.
and safety where distributed systems can enable breakthrough solutions.
based LNG exports began in February 2016. The cargo was delivered aboard the Gemmata, which was diverted from its original route toward the Pacific basin, and landed in the U.K. at a time when LNG stocks are severely depleted
following two periods of extreme cold weather. Despite northwest Europe suffering, U.S. LNG shipments have been rare.
were the most active in pushing for an effective climate plan to be agreed by the International Maritime Organisation (IMO), the UNs shipping body. The ranking, based on written and oral submissions to the IMO by EU countries, was compiled by sustainable
transport NGO Transport & Environment (T&E).
to the EFCC by the Nigerian Navys Forward Operations Base in Bonny, Rivers State.
soon be charged to court when investigations are concluded, the EFCC said.
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