The recent actions of the Indian government, to limit domestic shipbuilding activities to Indian yards, and also to favour the state-run Cochin Shipyard in awarding contracts for small craft and passenger vessels, have resulted in substantial heartburn in both a Sri Lankan shipyard and a small Indian yard located Goa.
How many rugby players can you squeeze into an old GPO telephone box, or students into a Mini? It was a question that came to mind when I read about the arrival on the scene of the monstrous container ship MSC Gulsun, freshly delivered and soon to inflict its 23,000 teu upon the waiting world of container terminals.
The container market is facing “a series of existential fears” that could dent shipping demand in the future, according to Drewry, prompting the consultant to downgrade its growth forecast.
China’s two largest state-owned shipbuilding groups China Shipbuilding Industry Corporation (CSIC) and China State Shipbuilding Corporation (CSSC) have confirmed a plan to merge, according to the separate exchange filings released by several listed units of the two companies.
Kishore Rajvanshy, Managing Director of Fleet Management Ltd was announced as the recipient of the prestigious Lifetime Achievement Award during Friday night’s presentation ceremony for the 12th Seatrade Maritime Awards Asia, which took place at Hong Kong’s InterContinental Hotel in Kowloon.
Fresh from its recent Seatrade digital technology award Northrup Grumman Sperry Marine is developing a digital eco-system - Sperry Sphere - to provide preventative and predictive maintenance for launch at year end.
The official launch of the Poseidon Principles held in New York on expanded how the initiative from major ship finance banks plans to try and take the lead of a “green transformation” in shipping.
It is little surprise to learn from scrubber manufacturer Yara Marine Technologies ceo Peter Strandberg that “business is fantastic” at the moment given the rush ahead of IMO 2020, but he also believes the product has a more long term future in the marine sphere.
Sometimes, when it comes to listed shipping companies, private may be better than public and that may be the case for DryShips.