Society of Master Mariners' Bangladesh Maritime professionals knowledge sharing

14 JAN 2019 Two more ocean-going tugs have been dispatched to meet the containership Yantian Express at a position about 900 nm southeast of Halifax. The Express has been drifting or moving ahead at a slow bell in the North Atlantic since January 3, when a cargo fire forced her crew to evacuate. The …

14 JAN 2019 The Earth’s north magnetic pole is shifting so rapidly that steps are being taken to ensure it doesn’t impact navigation in the Arctic. Compass needles point towards the north magnetic pole, a point that has moved from Canada to the middle of the Arctic Ocean over the …

13 JAN 2019 A decade ago, we all knew of at least one shipping company that felt safe receiving its debt financing from a single source (a behavior that was, unfortunately, encouraged by some bankers), and eventually experienced immense pain when some key-lenders abruptly withdrew from ship financing. Back at …

12 JAN 2019 The outlook for the global economy in 2019 has darkened, according to the World Bank’s January 2019 Global Economic Prospects report. International trade and investment have softened. Trade tensions remain elevated, and several large emerging markets underwent substantial financial pressures last year. Growth in emerging markets and …

12 JAN 2019 The reinstatement of U.S. sanctions against Iran was undoubtedly the development in the sanctions field which garnered most attention in 2018. As President Trump tweeted on November 2, “Sanctions are coming,” and indeed by November 5 the secondary sanctions (sanctions which target the behavior of non-U.S. persons) …

10 JAN 2019 The oceans are warming faster than previously estimated, setting a new temperature record in 2018 in a trend that is damaging marine life, scientists said on Thursday. New measurements, aided by an international network of 3,900 floats deployed in the oceans since 2000, showed more warming since …