move follows a strategic review by Rolls-Royce of its commercial marine operations announced in January 2018. The sale includes propulsion, deck machinery, automation and control, a service network spanning more than 30 countries and ship design capability,
which to date has seen around 1,000 ships of Rolls-Royce design delivered to offshore, cargo, passenger and fishing vessel customers worldwide.
Fearnleys notes in its latest weekly report that the transatlantic trades have been leading the charge, with rates up nearly 60% to $27,500 a day. The period focus has been on shorter durations supported by FFA values
with modern 181,000 dwt tonnage for prompt China delivery fetching $23,000 a day for seven to nine month contracts.
Free Trade Zone, which already hosts 21 companies, is expected to enhance trade in the Horn of Africa and strengthen Djiboutis position as a trade and logistic hub. It is connected to the main ports of Djibouti, and provides benefits such as zero corporate,
income and value added taxes.
in West Bengal waters. Its crew evacuated and the ship drifted on fire, before grounding near the maritime boundary with Bangladesh. It has since listed, with waves lapping over much of the ship and into the holds. Salvors are unlikely to be able to move it.
There are some 220 tonnes of bunker fuel onboard. A crack on the upper deck has widened while the port side of the ship is also starting to buckle.
date. In the early 1980s, the IMO identified a shortage of well-qualified, highly educated maritime experts, particularly in developing countries. In order to support member States with high-caliber education in the maritime
field, WMU was officially established by the IMO on May 1,1983 and inaugurated on July 4, 1983, with the financial support of the Swedish government.
reports the vessel is now aground and more explosions have been heard on board the ship as the fire continues to burn. The incident started on June 13 when an explosion rocked the cargo area of the SS Kolkata, causing
a major fire which spread to other containers.
theres a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade war that may yet damage Chinas economy.
attempt by the U.S. will be followed by an exorbitant cost for them, said Esmail Kowsari, deputy commander of the Sarollah Revolutionary Guards base in Tehran, according to the Young Journalists Club, affiliated with Irans national broadcaster. If Irans
oil exports are to be prevented, we will not give permission for oil to be exported to the world through the Strait of Hormuz.
Research Asia (MSRA), Microsofts world-class research arm, on an 18-month joint-partnership to apply Artificial Intelligence (AI) research to improve network operations and achieve efficiencies. Announced in April, the collaboration
is expected to nurture over 200 AI developers by the middle of 2019 and focus on the three key areas of AI, IoT and blockchain.
Sea (REMPEC) is coordinating the study into the possible ECA to cover all, or part of the Mediterranean Sea. The ECA would set tougher limits of 0.1% sulphur content for marine fuel in the Mediterranean than the planned global sulphur cap of 0.5% globally
from 2020 and the current level in the region of a maximum of 3.5% sulphur.
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