Category archives for: Shipping News

Satellites to Cover Marine Traffic Blind Spots

Satellites to Cover Marine Traffic Blind Spots

European Space Agency (ESA) will improve the identification and tracking of seafaring vessels anywhere on Earth from 2018 under a public–private partnership with LuxSpace of Luxembourg and exactEarth of Canada, ESA said in a release.   Existing marine traffic control, which is based on radio links, is limited to coastal areas and even near shore […]

Many Govts Still Not Ready for PSC Inspections ahead of Sulphur Switch

Many Govts Still Not Ready for PSC Inspections ahead of Sulphur Switch

The International Chamber of Shipping (ICS) is encouraging the Paris Memorandum of Understanding on Port State Control to ensure that a harmonised approach to PSC inspections has been developed in advance of the 1 January 2015 deadline with respect to the implementation of the 0.1% Sulphur Emission Control Areas (ECAs), established in accordance with MARPOL […]

UK Based Car Carrier Owner Fined for Ship Based Pollution

UK Based Car Carrier Owner Fined for Ship Based Pollution

UK based company Lombard Corporate Finance Limited, the owner of UK flagged car carrier, Morning Midas, was convicted, fined $5000 and ordered to pay costs after it was found guilty in the Melbourne Magistrates Court on Friday, July 18, of contravening section 26F (3) of the Protection of the Sea (Prevention of Pollution from Ships) […]

Bureau Veritas Issues LNG Bunkering Guidelines

Bureau Veritas Issues LNG Bunkering Guidelines

International classification society Bureau Veritas has published a comprehensive set of guidelines on LNG Bunkering, with the aim of speeding adoption of LNG as a ship’s fuel by kick starting the LNG bunker chain.   Jean-Francois Segretain, Technical Director, Marine and Offshore Division, Bureau Veritas said: “We really believe that LNG has great potential as a […]

First Gates Moved to New Locks at Panama Canal

First Gates Moved to New Locks at Panama Canal

The Panama Canal Expansion has reached another important milestone with the transfer of the first gates to the new locks complex in the Atlantic side.   “This is a very important operation because it involved the first movement of the gates from the special dock where they were unloaded to the lower chamber of the […]

Banks Pulling Out from Torm’s Restructuring Talks

Banks Pulling Out from Torm’s Restructuring Talks

Only five banks are left standing from the initial thirteen in the negotiations to restructure Danish debt-stricken shipping company Torm.   Danske Bank is said to have pulled out from the talks, according to sources cited by the Lloyd’s List, who said that the bank is trying to divest its stake in Torm. Danske Bank […]

Interview: Find and Be Found with Shippingcluster

Interview: Find and Be Found with Shippingcluster

The shipping industry has been sailing on some rough tides and is still facing challenging times ahead as the industry players gear up for ever stringent regulations. Having that in mind, it seems that the time has come for a stronger unity between the relevant stakeholders. As a result, it may be the time to […]

Fiji Ready for Economic Partnership with EU

Fiji Ready for Economic Partnership with EU

The Government of Fiji has notified the European Union of its decision to apply the interim Economic Partnership Agreement (EPA) with the European Union, rendering the EPA between the two parties ready for implementation.   The EPA provides for free access into the EU for all products from the countries concerned. In the Pacific region, […]

PSA Invests in Future Port Operators

PSA Invests in Future Port Operators

PSA Corporation Limited (PSA) and the Institute of Technical Education (ITE), Singapore, have signed a memorandum of understanding (MOU) to equip ITE students with a deeper understanding of container port operations and technology.   The MOU, worth USD 1.93m over 5 years, will provide support in the development of ITE staff’s capabilities, sponsorship of port-related […]

FreeSeas Facing Delisting from Nasdaq?

FreeSeas Facing Delisting from Nasdaq?

FreeSeas Inc., a transporter of dry-bulk cargoes seated in Athens, Greece, said that it has been notified by NASDAQ Stock Market of its failure to meet listing requirements.   FreeSeas has received two letters stating that, for the previous 30 consecutive business days, the bid price of the company’s common stock closed below the minimum […]

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