Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.
Market sentiment for Capesize rates saw an improvement after Vale’s announcement to restart Brucutu mine, bringing back around 30 million mt per year of iron ore to the market.
After years of rightsizing and lay-offs Keppel Offshore & Marine is seeing a recovery in its business and plans to hire 1,800 staff in Singapore and overseas during the year.
With the Inventory of Hazardous Materials (IHM) for ship recycling to become compulsory for vessels calling at European ports IMarEST has warned of a “quagmire of upheaval” for the shipping industry.
Ocean Network Express (ONE) is urging shippers that have not posted General Average and Salvage Security on undamaged containers from the Yantian Express to do so or risk further delays and risk to the rescue plan for the cargoes to be unloaded from the vessel that suffered a cargo fire on 3 January.
A series of meetings in recent days between European Commissioner for Transport, Violeta Bulc, and leaders of the Greek shipping community appear to have got Commissioner Bulc on side when it comes to regulating the maritime industry.
Tsakos Columbia Shipmanagement (TCM) has introduced electronic payment and phased out cash payment for its crew employed on vessels under its management.
Four major lines – AP Moller-Maersk, Hapag-Lloyd, MSC and ONE – have jointly established Digital Container Shipping Association (DCSA) to drive standardisation, digitalisation and interoperability in the industry.
The Danish Maritime Authority is planning to deploy a large drone to check emissions from ships in Danish waters for compliance with the IMO 2020 global fuel sulphur cap regulation.
The Maritime and Port Authority of Singapore (MPA) has announced the awarding of SGD650,000 ($480,500) seed funding to 13 technology start-ups from the Smart Port Challenge (SPC) 2018 for the development and test-bedding of their innovative solutions.