The first-quarter result puts it on track to post a $38 million loss for the first half, down from a break-even forecast. Utilization of ONE’s combined fleet was 73 percent, due in part to what K Line described as "clumsy services
in the initial stage" of its launch. Shippers and forwarders complained of booking difficulties as the three ocean carriers attempted to merge their business.
of Clarksons Research, commented, Global trade in LNG has moved into a strong growth phase, with a 9% increase in 2017 expected to be followed by further growth of 11% in 2018. With 85m tonnes of export capacity under construction and a further 169m tonnes
of export capacity with FEED underway, further positive trade growth is expected.
peers Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK), reported red ink for the first quarter of the Japanese financial year which ended on June 30. All three lines cited issues with the launch of Ocean Network Express (ONE), their merged containerline,
as contributing to the weak results. However, K Lines figures stood out in particular, being forced to change its interim forecast and nix a planned interim dividend payout.
ECDIS requirements, verifying the minimum standards for navigation equipment and including familiarity with the equipment. Navigation equipment has always been considered an inspection item for PSC inspections, but regulations on navigation equipment have
undergone frequent changes, and deficiencies concerning navigation equipment, around 6.21 percent over a six year period, have been noted as high.
U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends Wednesday. President Donald Trump has threatened an additional $200 billion with levies of 10 percent, a level the
administration may raise to 25 percent in a Federal Register notice in coming days, one of the people said.
emergency tow was expected to commence Tuesday evening following approval of the plan from the Coast Guard and other agencies involved in the on-going response. An update from the Coast Guard said the ship raised its anchor at around 8:51 p.m. local time. The
environmental protection vessel KBV 031 has joined the tow to help clean up any oil that may leak from the car carrier.
said it learned of the breach on November 7, 2017 and immediately took steps to respond, manage and investigate the incident. Through a forensic investigation, it was revealed that an unauthorized third party had accessed
certain Clarksons computer systems in the UK from May 31, 2017 until November 4, 2017, copied data, and demanded a ransom for its safe return.
part-laden VLCCs owned by Saudi state shipping company Bahri the Marjan, the Khuzama and the TI Hawtah have interrupted their voyages over the past 24 hours to wait at the port of Salalah in south-west Oman, according to S&P Global Platts trade flow software
will guarantee the safety of the navigability of the vessels registered under the Panama flag and will show warning measures for the decision- making based on the different processes carried out by the Department of Navigation and Maritime Safety, for the
realization of Annual Flag Inspections (ASI), Interior Service Inspections (ISI), as well as Port State Inspections (PSC).
the Horn of Africa will continue until 31 December and its operational headquarters (OHQ) will be moved from Northwood, London, to Rota, Spain, and Brest, France. The OHQ, which is co-located with the United Kingdoms
Permanent Joint Headquarters, will continue to command EU NAVFOR until 29 March 2019, after which it will be led by Spanish Navy Vice Admiral Antonio Martorell Lacave.
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