The saga of the Philippines crewing industry and the European Maritime Safety Audit (EMSA) as to whether the country's maritime training is compliant with the Standards of Training, Certification, Training and Watchkeeping (STCW) Convention has now dragged on for an unbelievable 12 years.
Last week marked what was essentially the beginning of the end of the latest round of container shipping consolidation. Ocean Network Express (ONE) held its official launch reception in Singapore on Thursday, and day later all the conditions being meet for Cosco Shipping's acquisition of Orient Overseas International Ltd (OOIL), owners of Orient Overseas Container Line (OOCL).
All of a sudden, there are deals in the air. The mood at the at last week's Marine Money 2018 conference, held over a span of three days, in New York was ebullient.
Discussions on safety at sea and accidents will almost inevitably lead to the issue of the human factor, which unfortunately is credited as the cause of around 70% of accidents.
Leading Greek shipowners see the use of LNG as the future fuel for the shipping industry, but the lack of infrastructure development is holding back adoption.
The number of Greek shipowners controlling fleets of over 1m dwt, or “tonne millionaires” increased to 72 this year, up three from 2017, according to the 31st annual survey of the country’s biggest owners by Naftiliaki.
Despite record levels of tanker recycling in the early months of the year, tanker analysts and brokers are increasingly concerned about continuing tonnage oversupply, particularly in the VLCC sector where a series of new contracts have been placed recently with more to follow.
Vincent Wee talks to International Chamber of Shipping (ICS) secretary-general Peter Hinchliffe and chairman Esben Poulsson about the complexities of achieving successful yet cost effective regulations for shipowners.
Shipowners and commodity traders are now digesting the impacts of President Donald Trump’s widely anticipated announcement that the US would pull out of the six nation accord reached with Iran in 2015. The 2015 agreement with Iran- officially the “Joint Comprehensive Plan of Action” (JCPOA), with the European Union also a participant, saw a rigorous regime of economic sanctions against Iran rolled back.