With container traffic in slowdown in most areas of the world, the lifting of Iranian sanctions does at least offer a ray of hope to carriers, according to global shipping consultancy Drewry.
To be able to compete with the lower labour costs in Asia, Africa and the outer regions of Europe, we simply have to meet the highest quality standards. We don’t try to be the cheapest, we want to be the best. Still for a reasonable price of course.
The United States Coast Guard issued a Marine Safety Information Bulletin 07-15 last week regarding potential contamination risks from the Tianjin Port explosions. The bulletin requires all vessels bound for US ports to immediately report any potentially hazardous conditions, illnesses or unknown substances or residues to the US Coast Guard
Sunderland Marine Mutual Insurance Co. is suing a client over the client's allegedly fraudulent claims of damage to his boat.
China’s Shandong Huahai Shipbuilding has started a restructuring process in an attempt to clear its debts, and a first creditors’ meeting is scheduled on 29 October, reports said.
Samsung Heavy Industries has signed a deal to take over management of financially troubled Sungdong Shipbuilding & Marine Engineering. The agreement is for four years with an option for three additional years. Samsung will take over Sungdong’s purchases, sales, production and technology while Korea Eximbank will operate the shipyard’s finances, human resources and labor management divisions.
Back in the late fall of 2011, a nor’easter struck Newport and sunk a barge that was was being rented by Abhe & Svoboda Inc. to paint and repair the Claiborne Newport Pell Bridge.
A nor'easter that sank a barge being used by a bridge repair company has resulted in a maritime insurance dispute that the U.S. Supreme Court recently refused to resolve, returning the case to Minneapolis federal court.
Iran is seeking $2.5 billion investment to modernize its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday.
The industry is just more than three months away from the July 1 implementation date of the new container weight verification rule under the Safety of Life at Sea convention. The industry seems to have come a long way from last fall when panic-stricken shippers, carriers and forwarders wondered how a new type of rule applied to container shipping would have any hope of being implemented without disrupting trade.