The chairman of the board and executive director of Brightoil Petroleum (Holdings) Limited, Dr Sit Kwong Lam, was vacated as he was adjudged to be a bankrupt by the High Court of Hong Kong.
You are the boatswain of a large containership, operating in long-haul routes. You are contracted to a nine-month tour of duty, from which you know there can be no relief. Your fellow ratings are similarly contracted, although the ship’s officers will be relieved every four months.
The Southeast Asia region is poised for strong economic growth over the next few decades and container shipping can expect to benefit from increased volume demand, according to SS Teo, managing director of Pacific International Lines (PIL).
ExxonMobil is stressing that residual 0.5% low sulphur fuels are not the only way to comply with IMO 2020 and that distillates will also form a significant part of the fuel mix.
As a severe dry season hits Central America the Panama Canal Authority (ACP) has announced its fifth draught reduction for the new locks, effective 30 April 2019.
Twelve largest containerships at 23,000 teu ordered by Hyundai Merchant Marine (HMM) will be fitted with scrubbers, ahead of their expected deliveries in the second quarter of 2020.
IMO 2020 is everywhere - conferences, expert briefings, webinars, blog posts, newsletter articles, ad ot has gone beyond the province of shipping industry insiders (and readers here) and certainly reached into the mainstream media. Witness two articles in the prestigious Financial Times (FT) within one week.
The Athens residence of UK ambassador to Greece, Kate Smith was the focus of a 'cyber attack' 5 March, but UK expertise in cyber security prevailed. The attack was the showcase of a presentation at the residence by the UK Society of Maritime Industries, which allowed attendees during a presentation on the challenges of maritime cyber security to take part in a tailored cyber 'war game'.
Singamas Container Holdings has entered into a framework agreement to dispose of five of its wholly-owned subsidiaries for up to RMB4bn ($595.9m) in cash, a significant sale that is set to slice the group’s annual twenty-foot equivalent container production capacity by at least half.