Monthly Archives: September 2017

CYBER GUIDANCE LOOKS AT SATELLITE COMMUNICATIONS ISSUES

As the industry moves into a smart-shipping era, the risk of cyber threats is at an all-time high. Digitalized ships, increasing interconnectedness, the extended use of electronic data exchange and electronic navigation increases the likelihood of cyber attacks. The Cyprus Shipping Chamber has issued cyber security guidance in the form …

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GREENPEACE PROTESTERS BOARD CAR CARRIER

Greenpeace protesters have boarded K-Line’s 23,498-tonne Elbe Highway car carrier as it arrived in the Thames Estuary in the U.K on Thursday. They hung a banner from 27-meter high unloading door calling on Volkswagen to take its “toxic cars” back to Germany. Additionally, over 40 volunteers scaled the fences at Sheerness Port …

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WTO UPGRADES 2017 FORECAST AS TRADE REBOUNDS

World Trade Organization (WTO) economists have issued a strong upward revision to their forecast for 2017 trade expansion following a sharp acceleration in global trade growth in the first half of the year. The estimate for growth in world merchandise trade volume in 2017 was raised to 3.6 percent. The …

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BALTIC DRY INDEX HITS NEW 3-YEAR HIGH AT 1,502 POINTS

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in three-and-a-half years on Friday, boosted by strong capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 32 points, or 2.18 percent, …

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