Considering the evolution of the port congestion in Kuwait, where situation is improving in Shuwaikh, CMA CGM has decided to cancel the Port Congestion Surcharge previously applied to Shuwaikh imports, and this effective from June 1st, 2019.
The post CMA CGM cancels surcharges in Kuwait appeared...
https://container-news.com/cma-cgm-cancels-surcharges-kuwait/
Uljanik received newbuilding contract cancellation for a livestock carrier from a Kuwait client.
https://worldmaritimenews.com/archives/274332/kuwaiti-owner-cancels-shipbuilding-deal-at-uljanik/
In order to keep providing you with our global services, Maersk is revising the DocumentationFee Destination(DDF) for ALL Cargo, effective 15th April 2019 from World to Kuwait.
The revised tariff amount is detailed as follow:
https://container-news.com/maersk-revises-documentation-fee-kuwait/
Kuwait and China have signed a memorandum-of-understanding (MoU) to begin Phase 1 construction of the Silk City megaproject, an initiative that includes the development of the Mubarak Al-Kabeer Port. The Mubarak Al-Kabeer Port will be built by the Chinese Construction and Communications Company and it will be operated through either a long-term leasing or public-private partnerships.
Except the signing of the MoU, both countries discussed the grow of the Silk City project which will also...
https://safety4sea.com/china-and-kuwait-to-construct-new-port/
Kuwait Oil Tanker (KOTC) has placed an order for the construction of three 84,000 cu m VLGCs at South Korean yard Hyundai Heavy Industries, Kuwait News Agency (KUNA) reports. The total value of the order is KD64.8m ($213.3m) and the first vessel is expected to be delivered at the end of 2019. KOTC...
https://splash247.com/kotc-books-vlgc-trio-at-hyundai-heavy/
Commentary: Central banks greening financial system
By Danae Kyriakopoulou in Geneva
Central banks’ remits have changed profoundly since the 2008 financial crisis, notably – and sometimes controversially – in relation to their monetary policy practices and quantitative easing policies. Their remits are beginning to expand into another, unexpected field: climate change.
The recognition of climate-related disruption as a source of financial risk is propelling this expansion, and central banks can...
The port congestion in Shuwaikh (Kuwait) is currently generating service disruptions and increasing our operational costs.
CMA CGM will therefore implement the following Port Congestion Surcharge:
http://container-news.com/port-congestion-surcharge-shuwaikh/
Dubai’s Grandweld Shipyard recently celebrated the launch of the first crew boat for the Kuwait Oil Company (KOC), as part of a contract for a total of ten vessels signed last March. The KOC order with Grandweld comprises four crew boats and six pilot boats, with the remaining nine boats due to be delivered by June 2019.
The new crew boat, Bahra, which has been purpose designed to meet KOC’s operational requirements, has been built to LR class and includes a number of features to provide high...
https://www.themaritimestandard.com/grandweld-delivers-first-koc-crew-boat/