from charter party agreements. North’s Freight, Demurrage and Defense (FD&D) department is encouraging its members to review their charter parties as soon as possible and new charters drafted with clauses that take the 2020
sulphur cap into account. This applies to both owners and charterers when it comes to charter party contracts.
is likely to authorize military action, according to statements reported by Reuters news agency. Speaking at an oil conference in the Norwegian city of Stavanger, Al-Muhanna said Iran would be the first to lose out on a
move to block those major shipping routes and that any such action would trigger further sanctions on Iran.
owns and manages swathes of land along the West Coast have always denied favouring their substantial holdings in England. Now a campaign questioning the concerns monopoly over both the Clyde and the Mersey has been endorsed
by politicians from the SNP, Labour and Green parties. Campaigners allege Peel Ports are letting key pieces of infrastructure lie idle that could help Scotland compete for shipyard and port jobs.
with easier immigration processes. Among the 11 professions earmarked to get priority to live in the city even if they do not have a job lined up yet are marine insurers, naval architects, marine engineers and ship superintendents. The
talent list highlights specific professions needed most for Hong Kongs economic development, a government statement said.
to fill positions in shipbuilding and four other labor-intensive industries. The problem is not new: In 2014, towards the end of the last shipbuilding boom, some Japanese shipyards reported delays in production due to an inability
to find enough labor. At least one – Tsuneishi Shipbuilding – has reduced its staffing challenges by opening a shipyard overseas.
today it has concluded a technology consulting agreement with Professor Tomoharu Nagao of the Yokohama National University Graduate School of Environment and Information Sciences. MOL has been working with Nagao since 2016 to forecast the dry bulk market by
analysing a large range of data. MOL said it will continue to promote the use and application of ICT-based trends in advanced digitalisation.
Royal Navy and harbour vessels were among those helping lifeboats and a coastguard helicopter scour the area. The search was suspended after three hours when nothing was found. A missing person investigation will now be
started by police.
installed onboard the LR2 tanker Maersk Pelican in the port of Rotterdam. The cylindrical mechanical sails that spin to create a pressure differential – called the Magnus effect – that propel the vessel forward, and will
be used to provide auxillary power for the tanker reducing fuel consumption by 7 10%.
an accounting value recorded when a company acquires another company, a measurement that goes beyond how much physical assets alone are worth. It is up to a company to decide each year how much, if any, this goodwill becomes
impaired and should be written down, a step that can plunge a company in the red.
the casualty. Kenneth Scott McKee, captain of Stretch Duck 7, and Barry King captain of Stretch Duck 54, are named as targets in the inquiry. On August 13, Coast Guard investigators reached a preliminary determination of probable
cause for the sinking, and it likely went down due to the "misconduct, negligence or inattention to the duties of the captain of the vessel."
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