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.
Archives for January 2016
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 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-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.
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.
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.
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).
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.
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).