LONDON, May 20 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up of vessels putting more pressure on the transatlantic market. Rates for medium-range (MR) tankers for 37,000-tonne cargoes on the TC2 route from Rotterdam to New York were at …
Read more »(Bloomberg) — D/S Norden A/S, Europe’s biggest owner of ships hauling iron ore and coal, is making its first bet in three years that rates for Panamax vessels will rally from the lowest in more than a decade. The operator of 64 of the ships booked 6 percent less cargo than its capacity this year, …
Read more »Two quadcopters approach the Costa Concordia wreck site in this screengrab from the video below. The Costa Concordia wreck site sets the backdrop for this quadcopter promotional video just posted to Youtube from a company called Team Black Sheep. The video opens with the following message: This video was shot at the location of a …
Read more »BUENOS AIRES, May 20 (Reuters) – Port workers in Argentina’s main grains hub of Rosario went on strike over wages on Monday, a local union spokesman said, slowing exports from the world’s No. 1 soymeal and soyoil supplier. Wage strikes are common in Argentina, where private economists clock annual consumer price inflation at about 25 …
Read more »Eike Batista doesn’t have much to smile about these days. According to Forbes in March, Batista’s net worth dropped $19.4 billion compared to a year earlier. London-based Kingfish Trading has cancelled an order for 11 tankers that were to be constructed at OSX Brasil’s Açu shipyard, OSX said in statement late Friday. Kingfish ordered the 11 …
Read more »Launched in Oct 2001, Operation Active Endeavour (OAE), is a mission to conduct maritime operations in the Mediterranean Sea intended to deter, defend, disrupt and protect against terrorist activity. OAE not only demonstrates NATO’s resolve but is a vivid example of the added value that NATO can bring to the complex, global fight against terrorism. …
Read more »Shipowners pleas for greater clarity on what to do when there are no adequate port reception facilities to receive residues including Hold Washing Water (HWW) from cargoes deemed ”Harmful to the Marine Environment” (HME), have been substantially answered after an important decision at the IMO Marine Environment Protection Committee held on 13-17 May. With effect from 1 January …
Read more »Coastal development and sustainable maritime tourism are the focus themes of this year’s edition of European Maritime Day. For two days in Valletta, Malta, experts from all maritime sectors and from all over Europe will discuss how to drive the tourism industry forward and maintain its position not only as a sector for sustainable growth, …
Read more »Published on May 20, 2013 by Mark Lowe · No Comments QinetiQ’s new on-board email management tool, PRIME, has been successfully tested by The UK Royal Navy Command as part of a project focused on improving the Royal Navy’s email management capabilities and bandwidth UK Royal Navy trial QinetiQ’s PRIME The Royal Navy’s vessel to …
Read more »Published on May 20, 2013 by Mark Lowe · No Comments Since the capture of the Smyrni and her crew of 26 on May 10th 2012, Somali pirates have not hijacked any more vessels. Why are the pirates at bay? What happened to Somalia’s pirates? On May 10th pirate-busters celebrated the fact that one year had passed since a ship was …
Read more »