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Cobham SATCOM: Italy takes lead on SOLAS fire fighter radio specification

The Italian Ministry of Infrastructure and Transport has become the first national authority to publish specifications for new portable radios required under SOLAS Chapter II-2, Regulation 10.10.4 – ‘Fire Fighters Communication’. Coming into force this summer for 65,000 SOLAS vessels, Regulation 10.10.4 is designed to improve safety by securing dedicated communication systems for fire parties [...]

By | June 19th, 2018|News|0 Comments

Tidetech unveils data-driven vision for next generation voyage optimisation

Tidetech Commercial Marine Pty Ltd, a leading provider of metocean data to the maritime industry, is enhancing the scope of its services in response to growing demand for tide, current and other marine weather data. Tidetech generates and curates a wide range of wind, weather, tidal, wave, current, ice and sea temperature data for delivery [...]

By | June 19th, 2018|News|0 Comments

Moody’s: Stable outlook for global shipping companies on 4%-5% earnings growth

The outlook for the global shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry bulk and container shipping segments and overall sector earnings growth of 4%-5%, says Moody’s Investors Service in a report published yesterday. However, the outlook for the tanker segment is negative as [...]

By | June 19th, 2018|News|0 Comments

IMO Member States Must Progress on Key Sulphur Cap Issues at Critical Meeting in July

The shipping industry – as represented by its international trade associations (BIMCO, ICS, INTERCARGO, INTERTANKO and WSC) – calls on the Member States of the International Maritime Organization (IMO) to make progress on key challenges around the global sulphur cap to avoid compromising safety or unfairly penalising individual ships. The trade associations have co-sponsored a [...]

By | June 19th, 2018|News|0 Comments

New SEDNA Platform Slashes Transaction Time and Costs; Provides New Level of Security

SEDNA has launched a major update to its revolutionary transaction management platform, which allows enterprise teams to collaborate, manage large volume of emails and communicate in a secure way. This updated platform is an evolution of SEDNA’s first generation system from 2015 that introduced the concept of a shared team inbox, message tags and search [...]

By | June 19th, 2018|News|0 Comments

Posidonia: Deals galore and trend-setting on display as global shipping renews rendez-vous for 2020

The world’s most prestigious shipping trade event has scaled new heights this year with an unprecedented display of the collective might and minds of a gigantic global industry which accounts for nearly 95 percent of international trade. The proof points of the show’s unparalleled appeal and success were evident each of the five days on [...]

By | June 19th, 2018|News|0 Comments

Grindrod Shipping Holdings Ltd. Begins Trading on NASDAQ and Rings Opening Bell Monday, June 18th, 2018

Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services in the drybulk and liquid-bulk sectors, announced it will begin trading today on NASDAQ under the ticker symbol “GRIN.” Grindrod Shipping holds the shipping business spun out of Grindrod Limited, a company listed on the Johannesburg Stock Exchange (JSE:GND). Following the listing, Grindrod Shipping [...]

By | June 19th, 2018|News|0 Comments

Tankers: Is a Further Weakening Around the Corner?

VLCCs Although the market in the ME Gulf to China had been steady in high WS 40s, there are now reports of WS 48, and subsequently, WS 47 being agreed. With this, brokers feel there is potential for further weakening. Korea discharge went at WS 45 all basis 270,000mt cargo. Voyages to US Gulf are [...]

By | June 18th, 2018|News|0 Comments

Naval specialist team to drop anchor of container ship on fire

A Naval specialist team will be dispatched tomorrow to drop the anchor of a drifting container ship on fire to prevent it from moving close to the International Maritime Border Line (IMBL) with Bangladesh, a Defence official said today. The captain and 21 sailors on MV SSL Kolkata were rescued yesterday. A Seaking 42C helicopter [...]

By | June 18th, 2018|News|0 Comments

Emergency Bunker Surcharge pitches shippers, freight forwarders against carriers

The container market has been focused on the battle of the Emergency Bunker Surcharge pitching shippers and freight forwarders against carriers. The carriers are also looking at implementing other solutions to improve their arrival reliability as well as mitigating rising bunker costs. One thing is certain. Opinion is divided. One question is if the proposed [...]

By | June 18th, 2018|News|0 Comments

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