European shipowners welcome the extension of EU Operation Atalanta against piracy

The European shipowners are pleased with the European Council’s decision of 30 July to extent the mandate of EU NAVFOR Somalia Operation Atalanta until 31 December 2020. The objectives of the Operation Atalanta is the deterrence, prevention and repression of acts of piracy and armed robbery off the Somali coast and the protection of the
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Shipowners are set to spend an average of $2.5m on Internet of Things (IoT) solutions over the next three years based on the findings of a report commissioned by Inmarsat. The release of the report “Industrial IoT: Maritime” coincided with Posidonia 2018 and presenting it to the media Stein Oro, VP of Application Sales for
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In 2017 the first rays of improved market conditions for global shipping made their appearance after a long and deep recession and challenging fundamentals for 2016 across most sectors. The global upswing underway since mid-2016 continued to strengthen through 2017, bringing about a broad-based annual global economic growth of 3.7% World trade also grew, by
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With the tanker freight market at its weakest state in years, it’s no wonder that more and more ships are candidates for scrapping. In its latest weekly report, Clarkson Platou Hellas commented that “the flow of larger tanker units remains relentless as each week brings new names into the market. Can the amount of such
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A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry. 2017 was one of the toughest years in the
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