Home / Author Archives: hellenicshippingnews. (page 1044)

Author Archives: hellenicshippingnews.

Safety matters

The Maritime Safety Committee (MSC) is meeting for its 101st session, with a busy agenda encompassing maritime autonomous surface ships, polar shipping, goal-based standards and other agenda items. A number of draft amendments will be adopted, including amendments to mandatory Codes covering the carriage of potentially hazardous cargoes: the MSC is set to adopt the draft consolidated edition of the International Maritime Solid Bulk Cargoes Code (IMSBC Code), and a comprehensive set of draft amendments to the International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in ...

Read More »

UAE to present findings of tanker attacks’ probe to UN

United Nations (United States) (AFP) – The United Arab Emirates, along with Saudi Arabia and Norway, will on Thursday present to the UN Security Council the findings of their probe of the May 12 attacks on oil tankers off the Emirati coast, diplomats said. The United States has accused Iran of being behind the attacks, which came at a time of escalating tensions between Tehran and Washington. National Security Advisor John Bolton said Iranian mines were likely used in the “sabotage.” During an informal meeting at the UAE mission to ...

Read More »

Globe Tracker Secures Second Largest IoT Deployment in Maritime History

Real-time GPS location, temperature information, power-off alerts – these are just a few of the features that “Hapag-Lloyd LIVE” will offer. Today, at the “transport logistic” international trade fair in Munich, Hapag-Lloyd is introducing its new real-time container monitoring program “Hapag-Lloyd LIVE”. In an initial step, the company is equipping its entire reefer fleet of some 100,000 containers. As the program is designed to fit customers’ needs, Hapag-Lloyd intends to develop commercial products in close cooperation with its customers in order to adapt the solution even further. The product features ...

Read More »

Marine Online Launches World’s first “Integrated” Maritime eCommerce Platform

Marine Online Pte Ltd, launches the world’s first integrated maritime eCommerce platform – www.eMarineOnline.com. The platform has been designed for the highly specialized and fragmented shipping industry in mind. Currently, more than 10,000 product listings and 4,000 service providers have already started using the platform to provide over 10 essential marine services including chartering, bunkering, port agency, ship supply, crewing, ship S&P. Mr Stephen Qi, Chief Operating Officer of Marine Online said: “Shipowners form the core of the shipping industry and is the source of business for all marine suppliers. ...

Read More »

Survitec Expands Portfolio With The Introduction Of New High-End Davit Range

Engineered with its European-based partner, a company with more than 20 years’ experience in manufacturing davits, the high-end product was presented to the maritime industry for the first time today at Nor-Shipping. The Survitec range includes different davit types suitable for liferafts, rescue boats and fast rescue craft. Rob Wallace, Global Technical Sales Manager – Lifeboats, Survitec, said: “These industry leading davits will further enhance Survitec’s portfolio. Our customers can now access these davits along with the full range of marine safety equipment from one supplier.” Designed and manufactured in ...

Read More »

Protection Vessels International: Weekly Maritime Security Report

Americas Brazil: Robbers board bulk carrier at Macapa port 31 May Six robbers armed with knives boarded a bulk carrier docked at Macapa port at 0125 hrs local time. Crew on duty spotted the robbers and alerted the Master who sounded the alarm. The robbers fled the carrier upon hearing the alarm. After the vessel was searched, ship’s stores were reported stolen. PVI analysis: Robberies at Macapa port and along the Amazon river are intermittently reported. Robbers are frequently armed and tend to target vessels during the night, when assailants ...

Read More »

Modifi Expands To India And Raises Funds From Maersk Growth And Global Founders Capital

European fintech company MODIFI is launching digital Seller Financing in India, a service meant to help small and medium-sized exporters to thrive and offer attractive payment terms to their buyers. Since MODIFI launched its global Trade Finance platform for small and medium-sized buyers and sellers in November 2018, the company has opened offices in Amsterdam and now India to further drive the international expansion. India exports USD 140bn worth of goods and roughly 40% of the exporters are small or medium-sized businesses. They often lack access to finance for their ...

Read More »

US ports prepare for China trade war storm

Some seaports on the West Coast of the United States are braced to bear the brunt of the US-China trade war. Rising tensions between the world’s two largest economies continue to create uncertainty, disrupt the global supply chain and dampen job opportunities. Hopes for a potential trade deal have been dampened after the two countries failed to reach an agreement after months of negotiations. On 10 May, the US raised tariffs on $200bn of Chinese imports from 10 per cent to 25 per cent. It has also threatened to place ...

Read More »

The USPA and Brooklyn-Kyiv, with the participation of Louis Dreyfus Company Ukraine, defined the terms of completion of the project at the Berth no. 1-z in Odesa Sea Port

The Ukrainian Sea Ports Authority, Louis Dreyfus Company Ukraine LLC and Brooklyn-Kyiv LLC signed a memorandum of understanding within the Ukrainian Ports Forum 2019. This document defines the terms for completion of the construction of the berth no. 1-z in Odesa Sea Port and the new grain complex. Investment projects with a total value of over $ 250 million must be completed by the end of 2019. “We are very pleased that at the final stage USPA and private investors managed to synchronize the work and finish the projects on ...

Read More »

India: Steel industry protests extending iron ore mine licences, demand auction

Steelmakers are pressing the government to auction iron ore mining licences currently held by private miners when they expire in March 2020. Winning iron ore mines via auctions will be a relief for steelmakers, who are forced to import costlier ore in the absence of captive mines. Over the last week, the Indian Chamber of Commerce (ICC), Associated Chambers of Commerce and Industry of India (Assocham) and the Chattisgarh Sponge Iron Manufacturers’ Association (CSIMA) have written to NITI Aayog and the mines ministry, making a case for mine auctions. Mint ...

Read More »

U.S. grain futures slump as fears ease over weather planting slowdown

U.S. grain futures fell across the board in early trading on Wednesday, as fears eased about the potential for rain damage to the wheat crop and forecasts of warmer temperatures in the U.S. Midwest opened a narrow planting window for soybean farmers. Wheat futures dipped to near a one-week low, as the world wheat market continued to take profits from the recent weather-related rally, traders said. The market had been worried about crop damage after the recent heavy rains, but the U.S. Department of Agriculture crop report showed an improvement ...

Read More »

How should Cyprus’ giant gas discoveries be commercialised?

How much gas has been discovered in the East Mediterranean in the past ten years? There are four main routes to commercialisation: which do we think is the most viable? Cyprus is a small market, not sizable enough to support a large project. There are four main options to consider. Option 1: Pipeline to Egypt Exporting gas via Egypt’s under-utilised LNG facilities is the most obvious solution. It offers the lowest cost with the fastest time to market and potentially the best netbacks. But Egypt has also seen big results ...

Read More »

Refinery margin tracker: China seen increasing Forties flows in June despite weak margins

Despite negative margins, China is expected to increase volumes of Forties crude in June as North Sea production comes back online after maintenance and repairs, an analysis by S&P Global Platts showed Monday. However, the widening of the Brent-WTI spread last week could send Chinese buyers after more economic US barrels. Last week, Asian cracking margins for Forties fell deeper into negative territory, averaging minus $3.02/b for the week ended May 31, down from the minus $2.80/b the week earlier, Platts Analytics refining margin data showed. Softer demand in China ...

Read More »

Russian, Saudi energy ministries to meet on June 10 in Moscow

Russia and Saudi Arabia’s energy ministers, Alexander Novak and Khalid al-Falih, will chair a trade and economy commission in Moscow on June 10, the Russian energy ministry said. Novak and Falih will discuss bilateral trade and economic cooperation, joint projects in energy and agriculture, the ministry said. Source: Reuters (Reporting by Vladimir Soldatkin)

Read More »

Brent/Dubai EFS jumps amid widening ICE Brent crude spreads

The Brent/Dubai Exchange of Futures for Swaps spread jumped in Asian morning trade Thursday, as inter-month spreads in the ICE Brent crude futures market strengthened despite inventory builds in the US. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The August Brent/Dubai EFS spread was notionally assessed at $3.62/b as of 10am Singapore time (0200 GMT) Thursday, up 74 cents/b from $2.88/b at 4:30pm Singapore time Tuesday. There were no Asian assessments published Wednesday due to a public holiday in Singapore. The spike in ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping