Lakshmi Mittal’s ArcelorMittal has just added several bulkers to its fleet according to brokers. The Luxembourg-based company is said to have acquired two resale capsizes from JP Morgan, True Valor and True Virtue, with deliveries from Shanghai Waigaoqiao Shipbuilding expected around May 2019. The...
https://splash247.com/arcelormittal-snaps-up-resale-capes-from-jp-morgan/
Aberdeen-based offshore support vessel operator Sentinel Marine has acquired the 1999-built PSV from Canadian owner Secunda. The vessel, which is currently in dry-dock where she is being upgraded to fully comply with UK standards, will enter service for the company in November as a combined...
https://splash247.com/sentinel-marine-acquires-21-year-old-psv/
The 73rd meeting of the Marine Environment Protection Committee (MEPC) will take place at the London headquarters of the International Maritime Organization (IMO) next week and pressure is building to deliver some concrete commitments to decarbonise the industry. The gathering will be the first...
https://splash247.com/pressure-grows-on-next-weeks-mepc-in-london/
Shipmanagement giant V.Group continues its growth by acquisition strategy, signing a deal with Germany’s Norddeutsche Vermögen Group to acquire Norddeutsche Reederei H. Schuldt. V.Group hailed the transaction as a major step forward in delivering consolidation of commercial and technical management...
https://splash247.com/v-group-acquires-norddeutsche-reederei-h-schuldt/
Rolls-Royce and Intel are teaming up to develop autonomous ships. The new vessels the pair aim to develop will have systems with the same technology found in smart cities, autonomous cars and drones. In a release, the pair claim the new shipping intelligence systems will have data centre and...
https://splash247.com/intel-chips-in-on-rolls-royces-autonomous-shipping-drive/
Britain is pushing ahead with plans to make the country a leader in maritime decarbonisation. Experts on clean shipping met yesterday to plot the route to zero emissions for the UK maritime sector. Minister for maritime Nusrat Ghani opened the first meeting of the Clean Maritime Council, which will...
https://splash247.com/uk-moves-to-position-itself-as-a-leader-in-maritime-decarbonisation/
The Standard P&I Club is looking at acquiring sister company Strike Club, a provider of delay insurance to shipowners. The transaction is expected to take place on February 20 next year pending regulatory approval. Both the Standard Club and the Strike Club are managed by companies within the...
https://splash247.com/standard-club-looks-to-take-over-strike-club/
Aerial view of Liverpool
The Port of Liverpool has demonstrated the strength of its relationships with China by announcing it will welcome a vessel call from COSCO on Wednesday 17 October.
The MV Jork will call at Liverpool after a stop in Rotterdam before returning with UK exports. Once in Liverpool it will unload mainly high value Asian goods for fast delivery into the supply chain across the UK.
The Port of Liverpool boasts a consistent truck turnaround time of less than 40 minutes, unrivalled...
Commentary: No ‘competitive devaluation’ in China
By Mark Sobel in Washington
When the Trump administration asserts that China steals intellectual property, violates foreign investor rights, engages in wholesale subsidisation of the economy, and raises questions about industrial policy pursuant to ‘Made in China 2025’, it stands on solid ground. Assertions about ‘competitive devaluations’ by China, however, do not stand up to scrutiny. The renminbi’s decline primarily reflects a strong US economy...
Following on from Monday’s interview with the head of the Mission to Seafarers, Maritime CEO continues in a similar vein, getting the viewpoint from the recently installed head of the ITF Seafarers’ Trust. Katie Higginbottom, who took over as the head of the UK charity in July, has been with the...
https://splash247.com/itf-seafarers-trust-crew-dont-necessarily-feel-the-uptick-in-the-markets/