Chinese Vessels Detained off West Africa for Illegal Fishing
West African countries have detained eight Chinese ships for fishing illegally and the boats' owners could be subject to millions of dollars in fines, environmental…
London P&I Club Reports Increased Free Reserves for 2016/2017
The London P&I Club has issued an advance summary of its result for the 2016/2017 financial year, ahead of the publication of its annual report. The Club recorded an overall surplus of $27.3 million, increasing the free reserve to $188 million. The combined ratio was 97.9 percent. The positive technical performance was supplemented by an investment return of 8.4 percent. Ian Gooch, CEO of the Club’s management team commented…
Baltic Index Sags Again
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for an eleventh straight session on Wednesday as rates across vessels segments weakened.
U.S. FMC Unanimously Rejects Proposed Tripartite Pact
U.S. Federal Maritime Commissioner William P. Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd.
Wärtsilä 34DF Engines Certified EPA Tier III
Wärtsilä said it has been awarded model year 2017 certification of emissions compliance from the U.S. Environmental Protection Agency (EPA) for its Wärtsilä 34DF dual-fuel engine family. The EPA Tier III certification and the corresponding EIAPP certificate were both issued in March 2017. The Tier III certification of conformity covers the Wärtsilä 34DF engines manufactured from the date of issue until the end of 2017.
Dry Bulk Shipping Remains Positive: Drewry
The outlook for dry bulk shipping remains positive given the shrinking supply-demand gap, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
What’s Next for Ballast Water Management?
Latest developments on the entry into force of the Ballast Water Management (BWM) Convention took centre stage at the 8th International Conference on Ballast Water…
DNV GL Eyes Dynamic Risk Assessment
Traditional risk management practices involves operators navigating large static risk reports, in addition to handling massive amounts of data, with a limited timeframe…
Havyard to Build World's Largest Live Fish Carrier
Sølvtrans orders the world’s largest live fish carrier from Havyard. The world’s largest shall, in addition, offer the best fish welfare in the world. The live fish carrier…
AMSOL Bags New Contracts
AMSOL has been awarded a five-year contract by the South African Department of Transport to operate the standby tug utilized as part of state driven proactive marine pollution prevention measures.
Global Ship Lease Report Q1 Financials
The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter. Ian Webber…
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