published by shipping consultancy Drewry. Manning costs have risen moderately in 2018 following several years of stagnation as a recovery in most cargo shipping markets has taken some pressure off vessel operators, enabling
employers to lift wage levels, particularly amongst the market-related officer ranks.
in November. The U.S. withdrew from the 2015 Joint Comprehensive Plan of Action (JCPOA) in May, and last week, the five remaining signatories to the deal, Britain, France, Germany, China and Russia, offered Iran a package
of economic measures counter U.S. sanctions. The announcement by CMA CGM is seen as a blow to the negotiations.
Saade told reporters that Our Chinese competitors are hesitating a little, so maybe they have a different relationship with Trump, but we apply the rules, Saade said.
to divest the Long Beach container terminal business to an unrelated third party. The takeover deal was held by the Committee on Foreign Investment for national security concerns about handing over OOCLs Long Beach terminal
concession to Cosco. Cosco will transfer the Long Beach terminal into a US-run trust while the company will seek a buyer to take over the terminal.
services businesses of subsidiaries of Rolls-Royce Plc. 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, Rolls-Royce Plc said in a statement.
Islam, managing director of the government-owned company claimed BCSCL is also engaged negotiations with eight other ministries and divisions to provide them connectivity. It said BCSCL will earn huge amount yearly by
providing this service to shipping ministry when after the countrys first communication satellite will starts its commercial activity in September.
icebreaking gas carrier jointly owned by Japans Mitsui OSK Lines (MOL) and China Cosco Shipping departed remote Sabetta in northwest Siberia on June 25 without any icebreaking support. Having successfully navigated its way along the Northern Sea Route
it is now bound for Jiangsu Rudong port to the north of Shanghai.
rates for capesize, panamax and supramax shipping vessels, rose 10 points, or 0.6 percent, to 1,622 points, the highest since Dec. 14. The index was up for a second-consecutive week gaining 17.1 percent, its biggest weekly jump in four.
unsecured term loan agreement, which was signed on June 29, would also be used to pay fees and expenses related to the acquisition. In mid-June RCL said it would purchase a 66.7% equity stake in Silversea Cruises based
on an enterprise value of approximately USD 2 billion.
China in Songkhla, the ships capsized on July 5 due to inclement weather conditions off the island. Relevant authorities were immediately sent to undertake a search and rescue mission. The
officials informed that as of 9 am local time on July 6, 53 people were still missing, while over 94 were rescued. Eleven of these were transferred to a hospital for treatment.
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