Industry news
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Panama plans changes to merchant marine law
The AMP will later present the modifications to the National Assembly that will approve into law the adjustments to Law 57 of August 6, 2008 General Merchant Marine. The proposal agreed upon through a working group composed of various stakeholders in the maritime sector, contemplates a ne...Read more -
SMOU celebrates the Lunar New Year
The Singapore Maritime Officers’ Union (SMOU) Lunar New Year Luncheon made a welcome return on Thursday. The annual event was last held in 2020 right before the onset of the pandemic as a global emergency. It’s return as in person event this year again allowed seniors from care homes adopted b...Read more -
Qatar Ambassador appointed for Seatrade Maritime Club
Danial Kaabi, CEO of Sea Horizon Offshore Marine Services, has been appointed as the latest Seatrade Maritime Club ambassador – representing Qatar. Danial – who was recognised by Seatrade Maritime as one of the top 20 maritime industry professionals under the age of 40 in the region and t...Read more -
HK handles record reefer boxes on Hapag-Lloyd ‘s Cherry Express
It was the highest number of Chilean cherry containers ever discharged in Hong Kong from a single vessel call. The Manzanillo Express is part of Hapag Lloyd’s Cherry Express service running from November to February from Chile to China. “We call Hong Kong with our Cherry Express service beca...Read more -
PIL adding Qatar call to Middle East – China service
The GCS service which connects the Middle East and China will add a call at Hamad Port in Qatar to the existing calls to Jebel Ali in Dubai and Dammam in Saudi Arabia. The upgraded service will now also call Singapore on both east and westbound legs, rather than solely on the eastbou...Read more -
Major Chinese ports container volume up 2% in late November Photo: Dalian Port
Export container volume dropped 3.5% while the domestic volume grew 26.4%. The port of Dalian posted a growth rate of over 20%. In November, foreign trading empty container volume increased 23.73% while the loaded container volume declined 9.7%. Cargo throughput at major coastal hub ports dr...Read more -
Experts see China and Australia spurring low-carbon economy
The low-carbon field is now the new frontier for China-Australia cooperation and innovation, so deepening collaboration between the two countries in related areas will prove win-win and also benefit the world, experts and business leaders said on Monday. They also said the long history of China-A...Read more -
Baker Hughes charges up development strategies
Global energy company Baker Hughes will accelerate localized development strategies for its core business in China to further tap market potential in the world’s second-largest economy, according to a senior company executive. “We will make progress through strategic trials to better...Read more -
‘Dizzying’ changes to come to maritime industries – ClassNK
The issue covers efforts at the Planning and Design Center for Greener Ships (GSC), the development of onboard carbon capture systems, and the prospects for the electric vessel dubbed RoboShip. For GSC, Ryutaro Kakiuchi detailed the latest regulatory developments in detail and forecasts the cost...Read more -
Britain Launches Dispute Resolution With EU Over Post-Brexit Research
LONDON (Reuters) – Britain has launched dispute resolution proceedings with the European Union to try to gain access to the bloc’s scientific research programmes, including Horizon Europe, the government said on Tuesday, in the latest post-Brexit row. Under a trade agreement signed a...Read more -
Suez Canal to hike transit tolls in 2023
The transit toll increases from January 2023 were announced at the weekend by Adm. Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority. According to the SCA the increases are based on a number of pillars, the most important of which is average freight rates for various ...Read more -
Container spot rates tumble another 9.7% in last week
The SCFI reported on Friday that the index had dropped 249.46 points to 2312.65 points from the previous week. It is the third week in a row that the SCFI has fallen in the region of 10% as container spot rates tumble steeply from the peak early this year. It was similar picture for Drewry‘s Wor...Read more
