provides security-related guidance produced by the industry as well as links to other useful maritime and military security resources. The aim is to ease access for companies and seafarers to maritime security related
information and guidance. Central to the website are new best practice guides, including a new "BMP5: Best Management Practices".
the sale, Waigaoqiao Shipbuiding will no longer include the loss making CSSC Cruise Technology in its financial results. CSSC Cruise Technology suffered a net loss of RMB36.87m in the year of 2017, and a loss of RMB11.39m
in the first five months of this year.
Seamans Union of India (FSUI), which has sought an increase in the minimum wages paid to serving seafarers and pensions for retired sailors. FSUI stated its chief demand is the implementation of the MLC, and the implementation
of a minimum wage. While MLC sets the minimum wage at $614 per month, domestic Indian shipping companies can get away with paying crew as little as $105 per month, FSUI claims.
Admiral Karl Schultz to create a report estimating what it would cost to triple the staff for the Coast Guards traveling inspection team. That team double checks vessel surveys. The bill would also require the Coast Guard to post a list of failed inspections
or discrepancies online.
and other commodities with North Korean entities is forbidden (outside of specific limits). Japanese forces spotted the blacklisted North Korean tanker Yu Phyong 5 alongside an unknown vessel on June 21 at a position about 215
nm off Shanghai.
said in a telephone interview that according to his data, imports from China coming through U.S. ports have slowed over the last two months and are down 3.8 percent in April and 8.7 percent in May.
jumped 32 percent from the previous year to 37 million pounds ($49 million), according to a statement. The gain boosted the investors energy, minerals and infrastructure portfolio income by 20 percent. The U.K. is a world
leader in offshore wind with more turbines in the sea than any other nation. At least one machine was installed every day in 2017.
week has occurred with little activity to report. There remains uncertainty within the market as to the direction we will take and with the Eid holidays finally over, this week should give some resemblance as to market sentiment.
of Agreement to buy 20% stake in FSMI with which Frontline and companies affiliated to Fredriksen’s Heman Holdings have agreed to buy scrubber systems for 14 vessels and a further 22 systems at fixed prices.
off the coast of Mexico, Greek ship management company Thenamaris confirmed to World Maritime News. The 2018-built LPG carrier of 38,000 cbm was heading for Ulsan, Korea, when the incident occurred, based on its AIS data. The
ship was reportedly rerouted to Mexico to disembark the body. Initial reports said that the cause of the ill-fated mariners death was an asthma attack.
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