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Marine Insight

The Maritime Industry Guide

Archives for January 2016

Operations Being Restored At New York-Area Ports After Shutdown

By Reuters | In: Shipping News | Last Updated on January 30, 2016

port of new york and new jersey

Operations at New York and New Jersey’s cargo terminals were being restored on Friday night after more than a thousand longshoremen walked off the job earlier in the day, shuttering one of the United State’s busiest port networks, officials said.

Drewry: Dry Bulk Shipping Needs Drastic Measures

By MI News Network | In: Shipping News | Last Updated on January 29, 2016

port of rotterdam bulk carrier

Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.

Mitsui OSK (MOL) May Book 180 Bln Yen Special Loss On Restructuring

By Reuters | In: Shipping News | Last Updated on January 29, 2016

mol precision

Mitsui OSK Lines (MOL), one of Japan’s Big Three shippers, may suffer up to a 180 billion yen ($1.5 billion) special loss in the fourth quarter ending in March as it restructures its operations amid slowing global trade and vessel oversupply. The expected charge comes as the Baltic dry-bulk index , a basket of dry […]

Singapore Slaps S$180,000 Fine On N. Korea-Linked Shipper

By Reuters | In: Shipping News | Last Updated on January 29, 2016

north korean ship held in panama

Singapore-based Chinpo Shipping Company (Private) Ltd was fined S$180,000 ($125,698) on Friday for facilitating a shipment of arms to North Korea in violation of U.N. sanctions.

Watch: Salvage Operation of Car Carrier Baltic Ace

By MI News Network | In: Videos | Last Updated on January 29, 2016

The Baltic Ace car carrier sank in 2012 with more than 1,400 cars on board after a collision with a container ship near the entrance of the main shipping lane leading to Rotterdam port.

MSC Flamina Accident Helps In Setting Up New Guidelines For Ships In Need Of Assistance

By MI News Network | In: Shipping News | Last Updated on January 24, 2017

European Commission presented the new EU operational guidelines for ships in need of assistance. The guidelines have been developed by an expert group composed of Member States’ competent authorities, with the input and support of industry stakeholders, following an initiative of the Commission in the aftermath of the MSC Flaminia accident.

CMA CGM Steps Up Iran Presence With IRISL Deal

By Reuters | In: Shipping News | Last Updated on January 29, 2016

cma cgm laperouse

France’s CMA CGM, the world’s third-largest container shipping group, will expand its presence in Iran after signing a landmark deal on Thursday with the Islamic Republic of Iran Shipping Lines (IRISL).

100th Wärtsilä 34DF Engine For Marine Applications Emphasises Leadership In Fuel Flexibility

By MI News Network | In: Shipping News | Last Updated on February 9, 2017

The 100th Wärtsilä 34DF dual-fuel marine engine will be delivered from the factory in early 2016. This delivery will represent part of an order for three new large escort tugs being built for Norwegian operator Østensjø Rederi. The ships will operate at Statoil’s Melkøya terminal near Hammerfest in Norway.

IMRF: Vessels Must Rescue Migrants In Distress

By MI News Network | In: Shipping News | Last Updated on January 28, 2016

Recent reports that some would-be rescuers do not fully understand the legal context of rescue at sea, and may have been deterred from helping people in distress because of possible legal action by local authorities seeking to counter trafficking activity are misplaced, according to the International Maritime Rescue Federation (IMRF).

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