shipping industry

ESL’s new bulkers experience technical problems

Serious technical problems with cranes slowed down the deployment of ESL Shipping’s new LNG-fueled bulk carriers, the Finland-based shipping company, part of the ASPO Group, stated. The problems in the conventional mechanics of high-power cranes, which are subject to warranty, have significantly interfered with the efficient operations of both vessels.

The two handy size dry bulk cargo vessels Haaga and Viikki, are the first of their kind to be LNG-ran and were delivered to the company in 2018.

Th...

https://safety4sea.com/crane-issues-hamper-operations-of-esl-shippings-new-lng-fueled-bulkers/

Shipping companies begin operations in Cyprus, reflecting its growing appeal

Cyprus’ deputy minister for shipping stated that the number of companies that are developing their headquarters in the small east Mediterranean island nation has almost doubled in the last six years. This reflects Cyprus’ growing appeal as a maritime business hub. Shipping accounts for around 7% of Cyprus’ economy.

Specifically, Natasa Pilides commented on the Associated Press that for the time being there are 203 maritime companies operating in Cyprus.

The number of shipping companies has...

https://safety4sea.com/shipping-companies-begin-operations-in-cyprus-reflecting-its-growing-appeal/

Nepal moves forward with creation of a national shipping line

Landlocked Nepal is boosting its plans to create a national shipping line. Prime minister Khadga Prasad Sharma Oli opened the Nepal Ship Office in Ekantakuna just to the south of the capital, Katmandu, near the banks of the 600 km-long Bagmati river.

Nepal’s Prime Minister has been trying for many years to achieve the creation of a national shipping line.

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In addition, Oli aspires to purchase vessels for riverine trade through the rocky parts of the country,...

https://safety4sea.com/nepal-moves-forward-with-creation-of-a-national-shipping-line/

The Digital Twin Concept explained

digital twin

As digitalization is becoming an integral part of the shipping industry, more and more operators can benefit from its use. An interesting new technology that aspires to move maritime forward, is the digital twin concept. Digital twins provide a virtual model of a physical ship, producing valuable insights from data. So, what exactly is a digital twin ship?

Brief history of the digital twin concept

Michael Grieves, from the University of Michigan, was the first to write about this technology,...

https://safety4sea.com/cm-the-digital-twin-concept-explained/

Yilport’s international volumes continue rise in 2018

Yilport Holding, port management and logistics subsidiary of Yildirim Group had a ‘golden year’ due to the increase of its business and volumes growth. The worldwide terminals handled 6.41 million TEU containers in 2018, reporting 5% year-on-year volume development in comparison to 2017, that was led by its 10 container terminals in Turkey, Scandinavia, Iberia, and Latin America.

Specifically, the company experienced 11.86 million tonnes of general cargo volume, 444.973 CEU ro-ro operations, and...

https://safety4sea.com/yilports-international-volumes-continue-rise-in-2018/

Greece, Greek shipowners agree on new tax change

The Greek shipowners reached an agreement with their government to change the way they are taxed. Namely, Greece will now charge a 10% dividend tax, instead of the former way of charging a double tonnage tax.

The new arbitration agreement replaces the current understanding between the Greek government and the Greek shipowners. The agreement regards a 10% tax on dividends gathered by individual taxpayers. This development continues the voluntary contribution scheme by shipowners and companies...

https://safety4sea.com/greece-greek-shipowners-agree-on-new-tax-change/

Global Maritime Forum: Decarbonization, digitalization, safety high on the agenda

The report ‘Breaking New Ground’ presents the outcomes of the Global Maritime Forum’s recent Annual Summit in Hong Kong. The high-level meeting gathered 200 decision-makers from across the entire maritime spectrum to address key challenges and opportunities facing global seaborne trade.

Shipping’s decarbonization

Participants in the Summit agreed that reaching the climate emission reduction goal set by the IMO in April 2018 requires urgent and coordinated action. This was most clearly presented...

https://safety4sea.com/global-maritime-forum-decarbonization-digitalization-safety-high-on-the-agenda/

How can the shipping industry boost growth with Africa

Africa has been the second fastest growing region in the world since 2000, the Global Maritime Forum reports. In fact it has tripled its trade and diversified its trade links, but many African countries are among the poorest in the world. For this reason, the continent needs to make sure that this growth can benefit all of Africa.

In order to leverage Africa’s potential, African countries agreed on the Agenda 2063. This aims to bring sustainable change to Africa via increased cooperation. This...

https://safety4sea.com/how-can-the-shipping-industry-boost-growth-with-africa/

How to deal with difficult bosses

cyber security in shipping industry

Competent, kind, worthy of trust and respect, or bully, intrusive, controlling, picky and petty?

What kind of boss or immediate supervisor do you deal with? Although in all kind of industries, loyalty and dedication from employees is required by leaders, they are said to rarely return their half of the equation, leaving employees feeling left behind and unsupported by ignoring their ideas or even belittling them in public. Here are the 4 types of “bad bosses” that make employees quit...

https://safety4sea.com/cm-how-to-deal-with-difficult-bosses/

Port Augusta to restart commercial shipping

Port Augusta in Australia will continue commercial shipping after 50 years, as CU-River now owns the former power station site. CU-River plans to turn the site into a bulk commodity and a transhippment port facility.

The works will begin after the feasibility and approvals are complete. The facility will have an initial capacity up to 15 million tonnes per annum. However, future export potential will surpass 50 million tonnes per annum.

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The $250 million port...

https://safety4sea.com/port-augusta-to-restart-commercial-shipping/

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