Tuesday. U.S. Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 percent on the additional Chinese imports. The move would be the latest in the
escalating trade skirmish between the worlds two biggest economies.
balance its servicing of debt against the slow recovery in the offshore sector.
to BIMCO and Clarksons, VLCCs are earning just $6,000 per day, Suezmaxes about $11,000 per day and Aframaxes about $9,500 per day – all well below breakeven levels. Relief may not be coming anytime soon, as BIMCO expects that crude tanker market will not return
to a balanced, profitable state until the second half of 2019.
mining companies and financial institutions will join as stakeholders and collaborators. The companies state that the mining and metals industry is a critical component of the global economy, however, many operational and commercial
practices remain inefficient and antiquated, leading to critical data omissions, security vulnerabilities and even corruption.
to Drewrys latest Container Census & Leasing annual review and forecast report, published this month. Long-term lease rates for standard dry equipment leapt by over 50% in 2017, having begun their recovery the year before as
the Hanjin bankruptcy left large quantities of equipment impounded and therefore out of the market.
Cmdr. Benson originally faced additional charges of negligent homicide, but Navy prosecutors decided to pursue only three lesser charges. The USS Fitzgerald collided with the container ship ACX Crystal in the early hours of
June 17, 2017, at a position about 50 nm south of Yokosuka. Cmdr. Benson was in his stateroom at the time of the collision.
orders equal to 4.96 million compensated gross tons (CGTs) to build 115 vessels. This accounted for 40% of ship orders placed globally. South Koreas three biggest shipyards Hyundai Heavy Industries Co., Samsung Heavy
Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. all won orders to build vessels, including very large crude oil carriers and liquefied natural gas carriers.
a point worth thinking about with the body at its lowest ebb, on watch, about half an hour past midnight. There seems an inordinate amount of attention being paid these days to the mental well-being (we mustnt call it sanity)
of seafarers. How can this translate into positive recruitment and retention results?
an update on Tuesday the port said no new issues had surfaced with the terminal operating system that went live on 13 June. The port, run by Hutchison Ports, handled 66,000 teu across the quay last week and it said productivity was at 80% of the level before
the new system went live.
Baltic Exchange and Xinhua saw Singapore remaining the leading maritime centre globally as it has since the start in 2015. But it was positions two five where more changes were seen with European shipping centres losing out to Asia and the Middle East.
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