Category archives for: South & Central Asia

Annual Global Cost of Piracy Measured in Billions

Annual Global Cost of Piracy Measured in Billions

The global cost of piracy, including the cost of piracy off eastern Africa, remains uncertain, with existing assessments providing divergent estimates and conclusions. Studies carried out by RAND Institute and the IMB have estimated piracy costs to range between US$1 and US$16 billion per year, according to the latest UNCTAD report on maritime piracy. The […]

Maersk Line Keeps the Lead

Maersk Line Keeps the Lead

Danish shipping giant Maersk Line has cemented its top rating as most reliable line company, according to  maritime analyst SeaIntel’s midyear review. According to the review, during the second quarter, the overall industry reliability has improved. However, there is a widening gap between industry players. Maersk Line scored an above-industry rating of 86.1%,  which was […]

Ice Crusts Melting Faster Than Ever

Ice Crusts Melting Faster Than Ever

Researchers from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI), have for the first time extensively mapped Greenland’s and Antarctica’s ice sheets with the help of the ESA satellite CryoSat-2, and have thus been able to prove that the ice crusts of both regions momentarily decline at an unprecedented rate. In […]

UPDATE: Genco Challenger Stays in Service after Stabbing Incident

UPDATE: Genco Challenger Stays in Service after Stabbing Incident

The recent stabbing incident onboard tanker Genco Challenger that resulted in two seafarers dead and one injured will not affect the vessel’s operation as “Genco Challenger remains in service”, Genco Shipping & Trading Limited said in a statement. In addition, Genco said that it did not expect this matter would result in any negative impact […]

Zengzhou Shipbuilding Bags Five

Zengzhou Shipbuilding Bags Five

U.S.-based Marine Capital has placed an order for five 33,200dwt handysize bulkers with the Chinese shipbuilder Zhejiang Zengzhou Shipbuilding. The value of the contract has not been revealed, but the bulkers are expected to start delivery in October 2015 concluding in July 2016. Once delivered, the newbuilt bulkers will be operated by Bermuda owner Interlink. […]

VIDEO: Life on the High Seas

VIDEO: Life on the High Seas

The International Labour Organisation ILO marks a year since the Maritime Labour Convention, 2006 entered into force worldwide on August 20, 2013. The MLC, 2006 provides comprehensive protection at work for seafarers. ILO TV travelled on board a container vessel to hear first-hand from seafarers what it’s like to spend months at sea and what […]

IMB: Shipping Next Playground for Hackers

IMB: Shipping Next Playground for Hackers

The International Maritime Bureau (IMB) is calling for vigilance in the maritime sector as it emerges that shipping and the supply chain is the ‘next playground for hackers’. IMB said, “Recent events have shown that systems managing the movement of goods need to be strengthened against the threat of cyber-attacks. “It is vital that lessons […]

Maersk, MSC to Start 2M Alliance in January

Maersk, MSC to Start 2M Alliance in January

Maersk Line, part of Denmark’s A.P. Moller-Maersk, and Swiss firm Mediterranean Shipping Co (MSC) are planning to launch their new vessel sharing service  as early as January 2015, with their customers being notified of the network and transit times by September, Reuters reports. The world’s largest container shipper signed a 10 year Vessel Sharing Agreement with MSC (VSA) on the […]

The More The Merrier

The More The Merrier

Singapore-based gas carrier owner Epic Gas has expanded its fleet of 25 ships reported in January 2014 to 36 ships as of August 20, 2014, according to the company’s unaudited financial and operating results for the second quarter ended June 30, 2014. 11 newbuildings on order There are eleven more newbuildings on order which will […]

Global Containership Fleet Still Too Big

Global Containership Fleet Still Too Big

The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research predicts a fall in the number of container ships on an annual […]

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