Shipping

Maersk looks cautiously at containerized maritime transport forecast for 2018

Maersk Line has assured that international transport tariffs are reversing after rising for most of this year, raising questions about the sustainability of the recovery of world trade, Bloomberg has reported.

Oversupply problems for decades have bogged down the demand for containerized maritime trade in the third quarter, Steve Felder, executive director of the Maersk South Asia unit based in Mumbai, said in an interview.

“We have started to see some sectors with downward pressure,” […]

Panama and Vietnam sign agreement on seafarers

For the benefit of seafarers of the maritime administrations of Panama and the Socialist Republic of Vietnam, as well as to reinforce cooperation ties between both nations, an agreement was signed within the framework of the 30 Session of the International Maritime Organization (IMO) Assembly.

The cooperation agreement for the recognition of the training and certification of seafarers, based on Rule I /10 of the International STCW’78 Amendment, as amended, was achieved after one year […]

Enticement required to promote Panamanian seafarers

Miembros de APOM en la Plaza de la Catedral.

By Marijulia Pujol Lloyd

For many years Panamanian seafarers and graduates from the Panama and Colon International Maritime University have fought through the auspices of the Panamanian Association of Merchant Navy Officials – Asociación Panameña de Oficiales de Marina (APOM) to be part of the national merchant navy, which currently has 8,200 ships registered. However, not even 1% of these ships’ crews have Panamanian nationality.

The APOM blames the Panama Maritime Authority (AMP) which historically […]

World’s first electric ship now sailing in China

El primer barco totalmente eléctrico.

China has launched its first all-electric cargo ship. The 230-foot-long ship runs a mere eight miles per hour, but the vessel has zero emissions of waste gas pollutants. The irony, however, is that the ship is going to haul coal, more than 2,000 tons worth, in the inland section of the Pearl River.

The all-electric ship is powered with enough lithium batteries to power 40 cars—a battery capacity of 2,400 kilowatt hours. After two hours […]

Global idle fleet reduced in face of increased vessel demand

Alrededor de 74,000 TEUs fueron retirados de la flota ociosa durante la primera quincena de noviembre.

The idle fleet of container ships of more than 500 TEUs has fallen, due to capacity demand, to only 136 units, equivalent to 520,365 TEUs, as of November 13, 2017, a figure that represents 2.5% of the total fleet accounted for in units.

According to an Alphaliner report, around 74,000 TEUs were removed from the idle fleet during the first half of November, reducing the number of inactive vessels in all size segments, except for […]

Study considers Panama Canal tug safety

Seguridad de los barcos remolcadores fue revisada por TMG.

Tug operations were put under scrutiny by an article published in the Maritime Journal and written by Peter Barker. For many months the tug boats captains have complained about the working conditions and other problems related to the safety of the vessels crossing the Panama Canal.

An A-list team of international experts led by The Maritime Group International (TMG) has delivered a review of tug operations in the newly expanded Panama Canal.

The canal’s capacity […]

MOL and China Cosco Shipping to be co-owners of four LNG tankers

MOL has announced that China COSCO Shipping will participate in the subsidiary of its property that will own four LNG tankers providing services to the Russia Yamal LNG project.

Total ownership will be divided equally between MOL and China COSCO Shipping.

It should be noted that MOL has already signed long-term charter contracts for the four ships through its subsidiary.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, which gives […]