The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar Waters (Polar Code), and related amendments to the International Convention for the Safety of Life at Sea (SOLAS) to make it mandatory. The Polar Code and SOLAS amendments were adopted durin
The talks between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) are too important for dirty tricks and childish one-upmanship, Paddy Crumlin, President of International Transport Workers’ Federation (ITF) said reacting to PMA’s press attacks against IL
Unionised workers at South Korea’s shipbuilding giant Hyundai Heavy Industries staged their first industrial action in almost two decades this Thursday when they walked out from a scheduled one hour of extra work after their regular eight-hour shift, the AFP reports. The union announced the walkout,
Russian Industrial and Ecological Alliance CJSC is looking to order up to 30 ships, according to the company’s CEO Arnold Ivanov, quoted by ABC.AZ business information portal. The Russian company’s orderbook includes ships of river-and-sea tankers of 8,000 dwt and bulkers of 7,000 dwt. According to
Italian shipbuilder Fincantieri has signed two memorandums of understanding (MoU), one with cruise liner giant Carnival Corporation and the other with China CSSC Holdings Limited, a unit of China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC). The agreements are aimed at exp
South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) has made plans to introduce a new convergence product named Floating Storage Power Plant (FSPP) during the Power-Gen International Conference in Orlando, U.S.A. this coming December. FSPP is a gas-fired power plant and an LNG im
Havyard Ship Technology AS has signed a contract with an undisclosed international shipping company for the design and building of two more Havyard 843 Ice offshore icebreakers, the Norwegian designer said. The first order for the design was signed in November 2013, when Havyard Ship Technology inke
German shipowner and operator Oldendorff Carriers has secured a 12-year financing extension for its two 60,500 dwt Ultramax newbuildings. The Japan Bank for International Cooperation (JBIC) and Deutsche Bank have agreed to extend the financing, while Nippon Export and Investment Insurance (NEXI) are
Reflecting stumbling growth in the world economy, world seaborne shipments grew by an average of just 3.8 per cent in 2013, taking total volumes to nearly 9.6 billion tons, UNCTAD’s Review of Maritime Transport 2014 reports. Much of the expansion in seaborne trade was driven by growth in dry cargo f
DNV GL and Qatar’s shipyard Nakilat-Keppel Offshore & Marine (N-KOM) have signed a Memorandum of Understanding to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The MOU will further strengthen the position of N-KOM, which is a joint-venture between Qatar Gas T
The global maritime industry is undergoing a very challenging period with industry stakeholders opting for automation of their business operations as much as possible. As the industry pushes further for technological advancement, for many branches it has been very difficult to employ people, especia
Quality is the paramount and must be maintained by continuous enhancement of shipbuilding standards, classification survey standards and ship operating procedures, it was concluded during the annual Tripartite meeting between shipowners, shipbuilders and classification societies in Shanghai. The mee
The previously announced merger between South Korean shipbuilder Samsung Heavy Industries and Samsung Engineering has been cancelled as shareholders opposed the move, the shipbuilding giant said in a filing to Korea stock exchange yesterday. The shareholders voiced their concern that the USD 2.5 bil
ICAP plc revealed that it is in discussions to combine its shipbroking arm ICAP Shipping with London-based counterpart Howe Robinson Group Pte Ltd. The newly formed ship-broking company is expected to be operational in the second quarter of 2015, ICAP said. As explained, the combined entity will be
