Iran’s tanker seizure raises serious questions for international shipping – Hunt
Stena The decision of Iran to seize a British-flagged tanker raises very serious questions for British and international shipping in the Strait of Hormuz, British Foreign Secretary, Jeremy Hunt said…
Drewry lowers 2019 multipurpose shipping outlook
Shipping consultancy Drewry has downgraded its outlook for multipurpose shipping, which includes both break bulk and project cargo vessel types. The outlook was lowered due to weaker projected global economic…
LNG ships turn away from Europe’s gloomy gas market
A tanker traveling from the Arctic region to Belgium with a cargo of Russian liquefied natural gas was instead sent to Israel at the last moment. The British Diamond changed…
VesselsValue: Newbuild orders see record decline
Global ship newbuilding orders dropped to record lows in the second quarter of 2019, VesselsValue said. Bulker newbuild orders were down 73 per cent for the first half of 2019…
Italian Court frees German captain that docked migrant-rescue ship
An Italian judge has ordered the release of a German captain arrested on June 29 for docking the search and rescue vessel Sea-Watch 3 with 40 migrants on board. Captain…
Int’l Tribunal: Switzerland seeks release of tanker, crew detained in Nigeria
Switzerland has requested the International Tribunal for the Law of the Sea ITLOS to order the release of a Swiss tanker and its crew detained in Nigeria since early 2018.…
IMO approves Autonomous Ship Trial Guidelines
Secretary General of IMO, Kitack Lim The International Maritime Organisation IMO at the 101st meeting of its Maritime Safety Committee MSC meeting approved an initial set of guidelines for the…
IMF warns U.S.-China tariffs may slash global growth in 2020 …As China business outlook drops to lowest level
Current and threatened tariffs could slash global economic output by per cent in 2020, the International Monetary Fund warned on Wednesday as world finance leaders prepare to meet in Japan…
IMO bows to pressure, agrees to review STCW White List processes
Secretary General, IMO, Ki-Tack Lim The International Maritime Organisation has at last bowed to pressure and has agreed to re-approach its listing process for the Standards, Certification and Watch-Keeping STCW…
Samsung Heavy ordered to halt plant operations
Samsung Heavy Industries has been ordered to halt the operation of its main plant in Geoje, South Gyeongsang Province, following a series of deadly accidents caused by safety lapses. According…
