Global Shipping looks Better Next Year’

The international shipping industry may be still reeling from the major economic downturn a decade ago, but prospects will look better starting next year, according to a maritime school official. Dr. Neopol Salvador, director of the School of Graduate Studies at the Asian Institute of Maritime Studies (AIMS), said the shipping market was still suffering
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Shipping is the last bastion of dangerous low-grade, high-sulphur fuels. It accounts for just 2 per cent of global carbon emissions, but produces 13 per cent of the world’s sulphur emissions and 15 per cent of nitrogen oxides. Banned from every other industry, these fuels have remained in the maritime economy partly because shipping routes
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LONDON: Prospects for the once ailing multipurpose shipping fleet have improved amid a surging growth in renewable energy generation and a construction boom in South East Asia. In its report, shipping consultancy Drewry said that it remains “cautiously optimistic on the outlook for the sector,” as there are some caveats to this optimism. Global general
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Cocso Shipping (1199) predicts that the trade war between the United State and China will have only a limited impact on the company. Vice president Zhang Wei said Cosco has changed its business strategies from focusing on China and Hong Kong to the worldwide market to diversity risk. The company has been tendering for projects
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The policy guidelines for women seafarers employment made by IWSF was released across the world for the first time ever by DG shipping Dr. Malini V. Shankar, IAS, Director General of Shipping & Secretary to Government of India at“Vision Connect-Mumbai 2018”. The Event was graced by Dr. Malini V. Shankar, IAS, Director General of Shipping
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COLOMBO: Sri Lanka and Bangladesh have finalized the much awaited Coastal Shipping Agreement, and it will be signed shortly, Development Strategies and International Trade Minister Malik Samarawickrama said at a a recent forum in Colombo. The agreement will allow third party access for Sri Lankan vessels to East Indian Ports, he said. “Coastal Shipping agreement
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Genco Shipping & Trading Limited announced that it plans to install exhaust gas cleaning systems (“scrubbers”) on its 17 Capesize vessels with options for installation on an additional 15 minor bulk vessels. The balance of the fleet is expected to consume compliant, low sulphur fuel beginning in 2020, when new environmental regulations come into effect
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With an aim to further accelerate its global digital transformation, Maersk has launched OceanPro, an intensive 120-day accelerator programme offering start-ups the opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers. Pioneered in India, OceanPro complements Maersk’s innovation efforts worldwide. “We recognise the immense potential of
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Japanese shipping company Santoku Shipping has been linked to an order for two Capesize bulkers at Shanghai Waigaoqiao Shipbuilding (SWS), according to Clarksons. The wide-beam 186,000 dwt Capesizes will meet the Tier III NOx requirements and are scheduled for delivery in 2020. The latest order brings the company’s orderbook at the Chinese shipbuilder to four ships.
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MUMBAI: The direct port delivery (DPD) scheme that was introduced as a panacea to cut cargo dwell time and costs is all set to be tweaked, with the Government working on a plan to restore the role of container freight stations (CFS) in the evacuation system, a top Ministry official said recently in an event
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