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Africa’s Ports Race Creates Pathways for Plunder
Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between 2004 and 2019, over US$50 billion was spent on this infrastructure – roughly 13 times more than was spent between 1990 and 2004.Ports reflect more than simple economic imperatives. They are crucial in creating and reinforcing social, political, and cultural systems.
Moore Stephens says Shipping Must Improve Risk Management
Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens.
Port Operations Can Be Risky Business
The horrific explosions in the Chinese port of Tainjin illustrated vividly just how volatile port operations can be. But safety issues are only one facet of risk in the complex world of shipping ports. From piracy on the high seas to data thievery in port, players all along the shipping value chain need to be on constant alert for the dangers that nature and human actions can present. Political unrest…
Investing in Unsustainable EU Fishing is Risky
Recent changes to EU fishing and seafood legislation means that the financing of fishing operations reliant on overexploited stocks, or the use of destructive or…
The Legal Consequences of 46 CFR Subchapter “M”
As the holiday season and the end of another year quickly approaches, the towing industry patiently waits for the Coast Guard to finalize the long-awaited towing vessel inspection rule. More than 10 years ago, Congress passed the Coast Guard and Maritime Transportation Act of 2004, requiring more stringent regulation of uninspected towing vessels (UTVs). Since that time, the Coast Guard and several industry groups (including the Towing Safety Advisory Committee (TSAC)…
Risky Business
Underwriting your newbuild program is only one half of the sea passage. That’s because the construction phase is fraught with danger. Congratulations! You’ve run the due-diligence/underwriting gauntlet successfully and now you have your lender’s credit approval in hand. You are satisfied with the terms and conditions of the loan or lease and the lender or lessor is happy with you. Don’t celebrate quite yet, though. You are only about half of the way home.
World Fleet Set to Change: DNV's Shipping 2020 Scenario
DNV’s Shipping 2020 scenario explores technology uptake based on market forces, regulatory changes, fuel prices, technology costs & specific shipowner requirements. Based on expected market developments, regulatory changes, fuel prices, cost and availability of new technology and specific shipowner requirements, the model explores the technologies with the best payoff that will also ensure compliance with the relevant environmental requirements.
Can U.S. Measure Up to Panama Canal Expansion?
Panama Canal expansion will bring higher volumes, larger vessels, new trading patterns, trends analysed in a new report. As the completion of the Panama Canal expansion nears…
What Will & Won’t Change Following Oil Spill
According to a May 26 report from the Associate Press, likely changes for the offshore oil and gas industry following the massive spill in the Gulf of Mexico include making permitting…
A Maritime Lesson to be Learned from Aviation
The aviation industry learned a hard lesson earlier this year regarding regulatory compliance. While the lessons learned from the incident are many, the common theme…
The ATB:A History of the State-of-the-Art
(This is Part I of a two-part series on the Articulated Tug Barge from Robert P. Hill. The American coastwise shipping business has grown in a way that differs from many other nations.
Profile:Doherty takes the Helm at Maritrans
For the past 75 years, Maritrans has maintained a high level of customer satisfaction due to its constant vigilance regarding safety and performance. In order to instill and maintain these efforts…