News
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ABS NCSR 9 Brief PDF
The IMO Navigation, Communications and Search and Rescue (NCSR) Sub-Committee held its 9th session remotely from June 21 to 30, 2022. This Brief provides an overview of the more significant issues discussed at this session, which include matters pertaining to mandatory carriage of electronic inclinometers on container ships and bulk…
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Abu Dhabi port operator acquires stake in Egyptian shipping firms
Gulf countries are interested in buying Egyptian assets as the country’s economy falters. The Abu Dhabi-based port operator AD Ports Group has acquired a stake in two Egyptian companies. AD Ports Group announced today it acquired a 70% stake in International Associated Cargo Carrier B.V., which owns the Egyptian shipping company…
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195 cars including Mercedes gutted by fire on dhow, Dubai VIDEO
Local cargo ship of apparently, dhow type, loaded with 195 cars including or mostly, Mercedes, was engulfed in flames in Dubai port on Jul 1. The ship MUHIEDDIN (?) was to set sail for Nishtun Port, Yemen Gulf of Aden. Dhow is owned by an Indian, and the cargo of…
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TGE Marine Awarded Gas Handling System For Northern Lights CO2 Carriers
TGE Marine Gas Engineering GmbH (TGE Marine) has earlier this year been awarded the engineering, procurement, construction, and supervision (EPCS) contract for two CO2 carriers that will transport liquid CO2 to the new Northern Lights CO2 storage facility Northern Lights is developing infrastructure to transport CO2 by ship from industrial…
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How two clever protection devices supercharge The Switch DC-Hub solutions
The ships feature Wärtsilä’s fully integrated hybrid solution, enabling the vessels to enter and leave harbour, and perform cargo operations, with zero emissions Core breakthrough components in Yaskawa Environmental Energy / The Switch’s DC-Hub offering are our Electronic DC Breaker (EDCB) and Electronic Bus Link (EBL). Both devices serve to…
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The 2021 @WorldBank Global Findex report launched on June 29.
Financial inclusion is a cornerstone of development, and since 2011, the Global Findex Database has been the definitive source of data on global access to financial services from payments to savings and borrowing. The 2021 edition, based on nationally representative surveys of over 125,000 adults in 123 economies during the…
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IMO : Support for South Africa to prevent stowaway cases and to ratify the FAL Convention
Stowaway cases are a human tragedy and hamper the economy of the country by increasing transport costs for import and export flows. South African government, port, and shipping industry representatives have attended a national seminar on the prevention of stowaways in Cape Town (27 to 29 June), organized by the…
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Reuters : CMA CGM to reduce shipping rates on French retail imports ( PDF )
The firm’s decision follows the French Government’s call for shipping and oil sectors to share their profits to tame inflation. Container transportation and shipping firm CMA CGM is set to cut down shipping costs on imports into France and French overseas territories. The company’s decision follows the French Government’s call…
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India’s NIIF to acquire 22.5% stake in DP World’s HPPL for $300m
HPPL operates five container terminals in strategic locations, including Mumbai, Mundra, Chennai, and Cochin. DP World and India’s National Investment and Infrastructure Fund (NIIF) have announced the broadening of their existing partnership, with NIIF Master Fund investing primary capital of INR 22.5 billion[1] (approximately US$300 million) for a shareholding of…
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Cargo ship with grain from occupied Berdyansk identified
Berdyansk, the first such shipment from the port since Moscow launched its invasion of Ukraine in late February. “After many months of idleness port renewed its’ work, first merchant ship has left Berdyansk commercial port with 7,000 tonnes of grain, destined for friendly countries,” said Evgeny Balitsky, the head of…
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