Hapag-Lloyd introduces IMO2020 Transition Charge (ITC) for short-term contracts

The introduction of the IMO2020 sulphur cap as of 1 January 2020 marks a milestone for the shipping industry to reduce marine pollution and become more sustainable. Hapag-Lloyd has taken various actions to be fully compliant with the new regulations. Adjusting to IMO2020 comes along with...

https://www.hellenicshippingnews.com/hapag-lloyd-introduces-imo2020-transition-charge-itc-for-short-term-contracts/

Imam Khomeini Ports, Algeria sign maritime cooperation agreement

A delegation of Algerian Ministry of Transport executives visited the Imam Khomeini Port Special Economic Zone, in order to explore the development of port and maritime between the port of Imam Khomeini and the ports of Algeria.

During this visit, the officials of Algeria’s Ministry of Transport visited Khuzestan Port Facilities and Achievements, and the areas of greater cooperation in fields like fighting against pollution, unloading and loading of ships and private sector participation in the...

https://safety4sea.com/imam-khomeini-ports-algeria-sign-maritime-cooperation-agreement/

Baltic Index declines due to lower capesize demand

According to Reuters, the Baltic Exchange’s main sea freight index showed a decrease on ships transferring dry bulk commodities because of the lower demand for capesize vessels.

Specifically, the Baltic Index which shows the rates for capesize, panamax and supramax vessels experienced a decline by 51 points, equal to 2.9%, to 1,731.

Moreover, the capesize index was down by 100 points, or 3.2% to 2,978 points, its lowest in a week.

In the meantime, the average, daily earning for capesize vessels’s...

https://safety4sea.com/baltic-index-declines-due-to-lower-capesize-demand/

Port of Blyth establishes turbine training facility

The Port of Blyth announced that it is installing a bespoke wind turbine training facility at its Bates terminal, under a £1m investment in training provision, which aims at the offshore energy sector.

Namely, the Port has purchased, modified and installed a Vestas V47 turbine, while it also developed a training facility alongside the turbine and purchase specialist equipment. The turbine features a duplicate nacelle unit for safer use with trainees while the original nacelle is located at...

https://safety4sea.com/port-of-blyth-establishes-turbine-training-facility/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon