Castor Maritime to buy another Japanese-built Panamax carrier

Cyprus-based shipping firm Castor Maritime, through a separate wholly-owned subsidiary, has agreed to purchase a 2012 Japanese-built Panamax dry bulk carrier.

This vessel will be acquired from a third-party in a deal valued at $23.55m.

The deal terms were sanctioned by a special committee of disinterested and independent directors of the firm.

Delivery of the ship will take place after the deployment of a ballast water treatment system and completion of the vessel’s ongoing dry docking and special...

https://www.ship-technology.com/news/castor-maritime-panamax-carrier/

Port of LA threatens penalties for empty boxes left at clogged-up terminals

To nobody’s surprise, the spectre of late dwell charges on containers at the prime US port complex receded yet another week yesterday, as the port authorities of Los Angeles and Long Beach deferred a decision until 27 December.
However, the port of LA raised the spectre of charges for empty boxes clogging up terminals.
Executive director Gene Seroka said last week 60% of empty containers stayed nine days or longer at LA …

The post Port of LA threatens penalties for empty boxes left at clogged-up...

https://theloadstar.com/port-of-la-threatens-penalties-for-empty-boxes-left-at-clogged-up-terminals/

New international energy transition rule to have negative impact on MISC

MISC Bhd has to take measures to progressively improve its shipping fleet’s energy efficiency in the short term as the International Maritime Organisation (IMO) has set in motion the Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Index (CII). These regulations will take...

https://www.hellenicshippingnews.com/new-international-energy-transition-rule-to-have-negative-impact-on-misc/

MOL Honors Officers and Engineers at ‘MOL Presidential Awards 2021’ – Recognizing Ongoing Contributions to Safe Operation and Developing the Next Generation of Seafarers-

Mitsui O.S.K. Lines, Ltd. yesterday announced that the company held an online presentation ceremony on December 7, for the “MOL Presidential Awards for Officers and Engineers 2021”. The awards are intended to honor the ongoing safety-related contributions of MOL Group officers and engineers and recognize their key roles, in cooperation with fellow seafarers and ship …

The post MOL Honors Officers and Engineers at ‘MOL Presidential Awards 2021’ – Recognizing Ongoing Contributions to Safe...

https://www.hellenicshippingnews.com/mol-honors-officers-and-engineers-at-mol-presidential-awards-2021-recognizing-ongoing-contributions-to-safe-operation-and-developing-the-next-generation-of-seafarers/

Power index: Top 10 regulatory/legislative stories of 2021

Amid the lingering effects of the COVID-19 pandemic on U.S. supply chains, 2021 has seen significant new laws and changes within the regulatory and legislative landscape affecting carriers and their customers. The following are what we consider the Top 10 stories — in no particular order — chronicling those changes and why they matter to freight markets.

Bipartisan infrastructure package

Summary: President Joe Biden signed into law the Bipartisan Infrastructure Bill — known formally as the...

https://www.freightwaves.com/news/power-index-top-10-regulatory-legislative-stories-of-2021

US cadets to set sail again following Maersk rape case allegations

US Merchant Marine Academy (USMMA) cadets are going back to sea following the suspension of the ‘sea year’ programme during which a trainee was said to have been sexually assaulted while on a Maersk ship for work experience.
During the suspension period, the US Department of Transportation and USMMA developed a new two-part plan, the Every Mariner Builds a Respectful Culture (EMBARC) programme, which seeks to protect cadets by increasing crew …

The post US cadets to set sail again following...

https://theloadstar.com/us-cadets-to-set-sail-again-following-maersk-rape-case-allegations/

Stena Line adds a ferry to boost capacity on Belfast-Birkenhead route

Stena Line has redeployed its ferry, Foreteller, to its UK service between Belfast and Berkenhead in response to disruption caused by Brexit and the anticipation of further chaos from January.
The move adds 13% capacity to the route and Paul Grant, Stena Line trade director (Irish Sea), was quoted as saying the move was a response to “prolonged distortion of the market”.
He said there was “an ongoing challenge for the entire …

The post Stena Line adds a ferry to boost capacity on...

https://theloadstar.com/stena-line-adds-a-ferry-to-boost-capacity-on-belfast-birkenhead-route/

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