[vc_row][vc_column][vc_column_text]International charter rates for bulk carriers, particularly those for midsize vessels, are currently hovering around their highest levels in almost three years. This has the shipping industry in high spirits — its prolonged slump appears [...]
[vc_row][vc_column][vc_column_text]Oil major BP (BP.L) is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC announced deep production cuts. BP’s [...]
[vc_row][vc_column][vc_column_text]DryShips Inc., an international owner of drybulk carriers and offshore support vessels, announced that a company controlled by Mr. George Economou, our Chairman and CEO has become the lender of record under its $85.1 million [...]
[vc_row][vc_column][vc_column_text]The Singapore Maritime Officers’ Union (SMOU) has announced the launch of a Seafarers’ Accommodation Scheme (SAS) which provides 6,000 subsidised hotel rooms for the next 2 years in order to help lighten the financial load [...]
[vc_row][vc_column][vc_column_text]Expansion, modernization and up-gradation of Major Ports in the country is an ongoing process to keep the ports abreast with new technologies and also to promote trade and cargo. In particular, 62 PPP Projects with [...]
[vc_row][vc_column][vc_column_text]Vessels sailing in cold conditions are affected by the Polar Code which enters into force on 1st January 2017. Ship owners already preparing for the new code will realise that besides technical requirements also operational [...]
[vc_row][vc_column][vc_column_text]WISTA UK has said that smart ships are likely to be carrying cargoes within 10 years but all in the logistics chain need to adapt in order to make good use of the new technology [...]
[vc_row][vc_column][vc_column_text]On September 13, the launching ceremony for the Women’s International Shipping and Trading Association in Georgia took place as part of the Georgia International Maritime Forum. Sanjam Gupta, Member of the WISTA International Executive Committee, EXCO, [...]
[vc_row][vc_column][vc_column_text]ABB has announced study results which show a 202% return on investment (ROI) from using ABB Preventive Maintenance. The new study indicates that the payback of preventive maintenance is immediate, while the Net Present Value [...]
[vc_row][vc_column][vc_column_text]Technicians working in the growing offshore alternative energy sector often need to be transferred to their place of work by sea. This needs to be done safely and efficiently, and this week IMO’s Maritime Safety [...]
