a collision with Chinese controlled CF Crystal on January 6 this year that sparked a massive explosion on the Iranian ship and its sinking eight days later with huge damage to the local environment in the East China Sea. The ship was carrying 136,000 tonnes
of crude to South Korea when the accident happened. The bulker, which suffered a gash to its bow, was detained in Ningbo for investigations in January.
the UK leaves the European Union in March 2019.
UK and EU. Richard Christian, head of policy and communications at the Port of Dover, said that for the sake of UK plc, it is vital that fluidity at Dover and throughout the supply chain is maintained. He warned that there was no substitutable capacity
elsewhere that can handle the type and volume of goods.
targeting oil trade with Iran. Refining company sources said Asias petroleum refiners have shifted purchases to other exporters in preparation for the renewal of U.S. sanctions against OPEC member Iran, which currently
exports about 2.5 million barrels of oil a day, with China, India and other Asian nations the primary customers.
delivering the Singapore Maritime Lecture. Skou said that he favoured a greater use of cleaner fuels in the near term rather than other options, such as LNG and scrubbers. He hinted at a ban from 2020 on the movement of ships
using higher sulphur fuel oil (HSFO) if they do not install scrubbers the date that the new global cap of 0.5% sulphur will be implemented.
and big data analysis. The project focuses on control of the steering gear installed on a very large crude carrier (VLCC), which is under construction at KHI. It is intended to develop KHI-made steering gear equipped with sensors
that monitor pressure, flow rate, temperature of hydraulic oil, consumed power and so on, and high-speed data acquisition systems.
was sentenced to a letter of reprimand and the forfeiture of half her pay for three months. Not a day goes by where I havent thought about what I could have done differently, she said in an emotional statement. There is nothing I can do now but take responsibility. According
to a Navy charge sheet, Coppock failed to communicate; to report contacts; to operate safely; and to alert the destroyer’s crew.
that, for bulk carrier operators, wet damage was the most costly claim type. It was the second-most common claim that they experienced. The report, prepared in conjunction with DNV GL and MacGregor, identified heavy weather
and leaking hatch covers as both the most common and the most costly type of wet damage claim. The average cost for a wet damage cargo claim was nearly $110,000.
(SICC) and Singapore-based vCargo Cloud. As the first chamber in the world to implement blockchain-based eCOs, SICC seeks to provide its members and trade-related agencies, including trade financing and insurance firms, with a system that offers higher security,
efficiency and flexibility. The platform aims to vastly improve transparency, security and efficiency in authenticating trade documents.
port when it veered from the main shipping lane and allided with the ferries at around 8:30 p.m. A video showing the ship filmed from shore was posted online.
YM Unity, for USD 67 million from Navios Maritime Partners. The two vessels are chartered out at a net daily charter rate of USD 34,266 until August 2018 and October 2018, respectively. The third, the 10,000 TEU ship,
was purchased for USD 50.25 million from a third party. Navios Containers said that the vessel is time chartered out at a net daily charter rate of USD 26,663 until March 2019.
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