risk that current trade tensions escalate furtherwith adverse effects on confidence, asset prices, and investmentis the greatest near-term threat to global growth," IMF wrote in its assessment. "If current trade policy threats are realized and business confidence
falls as a result, global output could be about 0.5 percent below current projections by 2020." A loss of $500 billion in annual economic activity.
occurred when workers were conducting welding work onboard the vessel. Twenty workers were rescued from the burning vessel. The 1997-built VLCC Ada was sold by its German owner DS Tankers for scrapping in March this year.
will deliver 50 MW, 60 MW and 70 MW Wärtsilä hybrid exhaust gas cleaning equipment which it will retrofit onto the container vessels. The European container company and number of units included in the order were not disclosed.
the holding company to submit a listing application for catalist board SGX-ST and acquire Ezras Myanmar Property Business. This has not been done, so Ezra Holdings has terminated the proposal. Ezra Holdings filed for
chapter 11 in the US last March and has been seeking investors since.
past week have been given the go ahead to restart rcycling tankers. There are a vast number of ships beached in and around Gadani waiting to be torched. However, Clarkson Research notes in its most weekly report permission
was only granted for a few tankers, rather than all of those that have been delivered, and it will take some time until yards are able to sell on the inventories from the remaining units.
July 9 – 13 Intersessional Working Group rising the Union of Greek Shipowners (UGS) has issued a statement of support of the session’s decision to examine "several valid safety concerns linked to the transition to new low-sulphur fuels, especially blended
fuels". Noting they are expected to be widely used to ensure compliance with the 0.5% global sulphur cap for marine fuels.
some 260 guests comprising 260 importers, exporters, supply chain executives and Government officials. It is an honour to name Afif, Hapag-Lloyds latest container ship, as it will have a vital role in the growth of the
UK economy by moving our exports and imports, said Ghani.
terms of cyber security, the need is real, he says, whether looking onboard the ship or ashore. The growth in communication and data transfer means that all businesses must think about cyber security in a holistic way.
Drewry expects rates to remain close to their current levels over the remainder of the year.
bottom while it was transiting the Suez Canal in a Southbound direction on July 13. At the time of the incident, the tanker was laden with fuel oil and under pilotage. Okeanis Eco
Tankers informed that there were no reports of injuries or pollution. The ship is crewed by 23 Greek and Philippine seafarers.
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