The floating production sector has “turned the corner” according to analyst Energy Maritime Associates.
Fiji has banned the bulker DL Marigold from entering its waters after it was expelled from New Zealand over “severe” bio-fouling on its hull.
While there was a slight rise in rates at the end of last year after the Hanjin Shipping collapse, this was not sustained and lines will have to make hard financial decisions this year to ensure their survival.
PSA International’s corporate venture capital arm PSA unboXed has issued an invitation to potential technology partners on its the Port of the Future project dubbed Container Port 4.0 (CP4.0) - the name referencing the idea that digitalization represents the ‘fourth-generation’ industrial revolution.
The 0.5% fuel sulphur content cap regulation by the IMO is less than three years away from the enforcement date of 1 January 2020, leaving the refining and shipping industries caught in a catch-22 situation.
The Port of Singapore is set to be the big winner on the Asia – Europe trade following container shipping alliance reshuffles from 1 April according to Alphaliner.
Just 12% of maritime leaders surveyed by Sea Asia 2017 are utilising big data, despite the benefits they believe it can bring.
Despite the difficult shipping markets in 2016 traffic in the world’s busiest shipping lane – the Straits of Malacca and Singapore (SOMS) – were up 3.4% to a new all time high of 83,740 transits.