The Government has further eased the conditions for foreign flagged ships to carry fertiliser cargo along the coast by modifying the cabotage relaxation announced in June. According to the amendments issued on September 10, the minimum movement of fertiliser to the extent of 50 per cent of the total cargo onboard a (foreign-flagged) ship is
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Cargo processed at South Korean seaports has grown at a slower-than-expected pace this year in the wake of an intensifying trade row between the United States and China, data showed Friday. Container cargo handled at South Korea’s largest port of Busan stood at 12.44 million twenty-foot equivalent units (TEUs) in the first seven months, up
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NEW DELHI: The Government has further eased the conditions for foreign flagged ships to carry fertiliser cargo along the coast by modifying the cabotage relaxation announced in June. According to the amendments issued on September 10, the minimum movement of fertiliser to the extent of 50 per cent of the total cargo onboard a (foreign-flagged)
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On Tuesday 18 September – Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair reported that the marine cargo market remained the largest commercial marine line of business in terms of premium income. IUMI’s 2017 statistics showed global cargo premiums amounting to US$16.1 billion. Globally, the cargo line has been unprofitable for
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SHANGHAI: The Shanghai International Shipping Institute’s (SISI) most recent second quarter Global Port Development Report showed the effect of some the current trade and economic issues on the global sea freight market. As a result of the continued global economic recovery, SISI said global port throughput continued to rise in the second quarter, with the
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Bureau Veritas, a world leader in laboratory testing, inspection, and certification services, on 17 September announced that it has formally issued GTT with an approval in principle (AiP) for the development of a new CCS evolution of the NO96 range. This CCS, named NO96 Flex, benefits from the NO96 proven technology as well as the
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A supertanker carrying the first crude oil cargo for a refinery joint-venture project between Petronas and Saudi Aramco is expected to reach Malaysia by end-September, according to trade sources and data from Thomson Reuters Oil Research and Forecast. The very large crude carrier (VLCC) Navarin carrying 1 million barrels each of Saudi Arab Medium crude
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The classification of certain potentially hazardous cargoes is on the agenda of the IMO’s Sub-Committee on Carriage of Cargoes and Containers (CCC 5, 10-14 September). The Sub-Committee will consider a newly identified phenomenon which affects some bauxite cargoes, known as dynamic separation, which can cause instability of the cargo and ship says an IMO release.
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Andhra Pradesh-based Krishnapatnam Port is looking to invest Rs 500 crore over the next 18 months for setting up a liquid cargo terminal and expanding container handling capacity, a top official has said. The port is witnessing an increase in capacity utilisations across the bulk and container segment, which is leading to firming up of
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The International Maritime Organization’s (IMO) latest meeting of the Sub-Committee on Carriage of Cargoes and Containers (CCC) takes place in London this week and the international freight insurance specialist TT Club is calling for more urgent action on issues pertaining to the safety of container transport. For some time now, the insurer has been drawing
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