26 APRIL 2019 The Japanese carrier Ocean Network Express, better known as ONE, announced Friday that it sustained a loss of $586 million for its first full year in operation. The magenta-branded operator manages the merged container fleets and ocean freight businesses of NYK, MOL and K Line, and its launch …
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25 APRRIL 2019 Over the past decade, the shipping industry has witnessed an increasing trend towards shore-based roles where many experienced personnel, particularly chief engineers, are looking to bring their technical skills from the ship to the office and become tomorrow’s superintendents or fleet managers. However, Tony Browne, Course Director …
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24 APRIL 2019 Wallenius and Swedish Orient Line have teamed up to launch a new shipping company focussing on the eco-friendly transport of forestry products and other goods in the Baltic Sea region for Finnish and Swedish industrial customers. The new company, called WALLENIUS SOL, kicked off operations 21 April …
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23 APRIL 2019 Demand for the shipping industry’s main fuel is widely expected to collapse like never before in 2020, so it might come as a surprise that its value is soaring. High-sulfur fuel oil at the Dutch port of Rotterdam in January is now trading at about $16 a …
Read More »23 APR 2019 The Nature Conservancy (TNC) has unveiled what it says is a pioneering US$1.6 billion scheme to scale up global ocean conservation efforts through “blue bonds”. The bonds will refinance and restructure debt for coastal and island countries in exchange for a commitment to protect at least 30% …
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22 APRIL 2019 Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported. The United States will fail to …
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21 apr 2019 On Sunday, two fishing vessels were attacked by pirates off the coast of Somalia. The attempted boardings were both thwarted, but security officials said that they represent a reminder that antipiracy measures are still required when transiting the high-risk area off Somalia. According to EUNAVFOR, the fishing …
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20 APR 2019 Singapore conglomerate Keppel Corp is planning to 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015. The slump in oil prices in 2014 and a global oversupply of drilling …
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19 APR 2019 Classification society ABS announced Thursday it is teaming up with members of the Cargo Incident Notification System (CINS) to develop actionable recommendations to help mitigate risks posed from the stowage of dangerous goods on containerships. Established in 2011, CINS is a shipping line initiative meant to increase safety in …
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18 APR 2019 Out of all the major offshore oil and gas regions, the U.S. Gulf of Mexico has the largest number of laid-up OSVs, according to a new analysis by VesselsValue. “By observing the figures, we can see the market with the highest layup is the US Gulf. Even …
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