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So far Matrix Owner has created 239 blog entries.

COSCO Shipping’s takeover of OOCL to complete by end-June: vice chairman

COSCO Shipping’s (601919.SS) planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the company’s vice chairman Huang Xiaowen said on Tuesday. COSCO is still answering questions from the Committee on Foreign Investment in the United States on the deal, and is also awaiting a number [...]

By | April 4th, 2018|News|0 Comments

The Maritime Standard Tanker Conference moves to new location

Dubai, UAE, 1st April 2018: In order to accommodate increased demand for delegate places, The Maritime Standard has decided to move this year’s TMS Tanker Conference to The Atlantis, Dubai. The one-day event will take place on Tuesday 16th October, the day after the hugely popular TMS Awards gala dinner, at this iconic, high quality [...]

By | April 3rd, 2018|News|0 Comments

Supporting Shipping Around the World

Theo Xenakoudis, Director, Worldwide Business Operations and Managing Director of International Registries, Inc. in Piraeus, writes: From hosting a Corporate Seminar in Athens to participating in the Connecticut Maritime Association’s (CMA’s) Shipping 2018 to sponsoring and speaking at the Greek Shipping Hall of Fame, it has been a busy month for International Registries, Inc. and [...]

By | April 3rd, 2018|News|0 Comments

Uncertainty looms over marine fuel sulfur limit

In about 20 months, the shipping industry is going to start burning a fuel that today they know next to nothing about. The International Maritime Organization has set a January 2020 deadline for a new 0.5% sulfur limit on marine fuels. The move is poised to force most shipowners to switch from burning residual fuel [...]

By | April 3rd, 2018|News|0 Comments

Court Clears Sale Of Six Ships Of Varun Shipping

In a probably first-of-its-kind order, the Bombay High Court has cleared sale of six ships originally owned by Varun Resources Ltd – once the biggest liquefied petroleum gas ship owners – as its creditors were not paying the cost for the ships’ management. Justice KR Shriram, in an order passed on Tuesday, allowed sale of [...]

By | April 3rd, 2018|News|0 Comments

Pan Ocean posts 51.1% jump in full-year earnings

South Korean bulk carrier Pan Ocean Co saw its full-year net income jump 51.1 per cent to US$126.48 million on a 27.7 per cent increase in revenue as market conditions for dry bulk carriers improved in 2017. Earnings per share was US$0.23, up from US$0.16. Revenue for the 12 months ended Dec 31, 2017 rose [...]

By | April 3rd, 2018|News|0 Comments

India Blacklists UAE Shipping Recruiting Agencies

India has blacklisted some of the UAE-based shipping recruiting agencies, which abandoned Indian seafarers stranded in Dubai for last 22 months. The UAE-based agencies that employed Indian seafarers onboard various vessels, including Shah Al Arab Marine Agency, Enjaz 1 & 2, MV Azab, Sharjah Moon, Alco Shipping Services LLC and Azwa, have been blacklisted by [...]

By | April 3rd, 2018|News|0 Comments

U.N. Blacklists Ships, Shipping Companies over North Korea Smuggling

The United Nations Security Council has blacklisted dozens of ships and shipping companies for helping North Korea beat sanctions by smuggling oil and coal for the country, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts. The council’s North Korea sanctions committee acted on a [...]

By | April 3rd, 2018|News|0 Comments

Shipping faces demands to cut CO2

A battle is under way to force the global shipping industry to play its part in tackling climate change. A meeting of the International Maritime Organisation in London next week will face demands for shipping to radically reduce its CO2 emissions. If shipping doesn’t clean up, it could contribute almost a fifth of the global [...]

By | April 2nd, 2018|News|0 Comments

UAE cracks down on ship owners who abandon seafarers

The Federal Transport Authority (FTA) for Land and Maritime has started cracking down on ship owners abandoning and ill-treating seafarers. The authority has banned all ships belonging to a shipping company, which did not protect seafarers’ rights, from operating in the UAE waters. The ban on ships belonging to Venous Ship Management and Operation LLC [...]

By | April 2nd, 2018|News|0 Comments

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