Intercargo, the dry bulk owners’ association, has taken a veiled swipe at the Marshall Islands over its slowness in revealing details into the sinking of the in March 2017. The VLOC, belonging to Polaris Shipping of South Korea, sank in the South Atlantic 18 months ago with the loss of 22 lives,...
Operations
Senior maritime stakeholders deem industry not prepared to deal with global issues
Senior stakeholders believe that the global maritime industry is not prepared to deal with major issues that are likely to impact it over the next ten years. This is according to the Global Maritime Issues Monitor 2018, published today by the Global Maritime Forum, global insurance broker and risk...
Maritime CEO Forum: Sulpur cap like playing poker blind with half the cards
“Playing poker blind with half the cards,” was how moderator Thomas Söderberg, the founder of Tribini Capital, introduced the choices facing owners with the global sulphur cap less than 15 months’ away. In a one-off special 2020 Vision panel at yesterday’s Maritime CEO Forum in Hong Kong, owners,...
https://splash247.com/maritime-ceo-forum-sulpur-cap-like-playing-poker-blind-with-half-the-cards/
Wärtsilä splits marine and energy businesses
Finnish maritime technology group Wärtsilä has decided to reorganise into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, covering both new sales and services for the respective markets. With this change, Wärtsilä aims to deliver increased value to its customers by better...
https://splash247.com/wartsila-splits-marine-and-energy-businesses/
Survey claims owners have left it too late to get scrubbers installed in time for the start of the sulphur cap
Owners have now left it too late to get scrubbers installed in time for the start of the global sulphur cap, a survey carried on this site overwhelmingly shows. With three weeks to go until our latest quarterly survey, MarPoll, closes we have had more than 250 votes on a variety of topical issues....
Maritime CEO Forum returns to Hong Kong with all-star lineup
Tuesday afternoon sees the Maritime CEO Forum return to the Foreign Correspondents’ Club (FCC) in the heart of Central, Hong Kong with one of the best lineups of speakers assembled in the three-year history of our forums. Kicking off proceedings in the packed Main Dining Room of the FCC, Dr Adam...
https://splash247.com/maritime-ceo-forum-returns-to-hong-kong-with-all-star-lineup/
Prosecution sought in Manila over illegal recruitment
The National Bureau of Investigation in the Philippines is seeking the prosecution of two Italians and three Filipinos for syndicated and large-scale illegal recruitment of seafarers. True Alliance Shipping Corporation, which is fronted by Henry James Avecilla, Judith Cabrera and Lucky Philip...
https://splash247.com/prosecution-sought-in-manila-over-illegal-recruitment/
Weekly Broker: Tankers lead the way as markets light up
Three weeks later than we had predicted the S&P scene finally lit up in the past few days, led by bargain hunting tanker buyers looking to lock in deals as the price of oil continues to rebound. According to Alibra’s weekly comment, oil prices have continued their upward trend, hitting a four-year...
https://splash247.com/weekly-broker-tankers-lead-the-way-as-markets-light-up/
NovaAlgoma and Peter Döhle Schiffahrts create new mini-bulker pool
NovaAlgoma Short Sea Carriers, a joint venture of Algoma Central Corporation and Nova Marine Holdings SA, and Peter Döhle Schiffahrts-KG have announced the creation of DNA Shipping, a commercial agreement to pursue consolidation and growth within the multipurpose project vessel and 13,500 to 15,000...
https://splash247.com/novaalgoma-and-peter-dohle-schiffahrts-create-new-mini-bulker-pool/
Cosco Shipping sets up Sarajevo office
China’s Cosco Shipping Lines has opened a new office at Sarajevo in Bosnia and Herzegovina to expand its presence in the region. Cosco Shipping conducts business in Bosnia and Herzegovina through local joint venture Cosco Shipping Dragon Maritime Company. The company currently uses the Rijeka port...
https://splash247.com/cosco-shipping-sets-up-sarajevo-office/