Second generation intact stability criteria – interim guidelines approved.For a ship to be considered seaworthy and safe it must be designed to remain stable and afloat in all conditions, whether intact or damaged. Mandatory criteria and recommended provisions regarding intact stability are set out in IMO’s 2008 Intact Stability (IS) Code, which is mandatory under the SOLAS Convention and the 1988...
Is it useful to compare the COVID-19 with earlier disease outbreaks?A comparison with the Ebola outbreak in West Africa in 2014 – 2016 is probably not useful as the Ebola virus has different characteristics and was mostly restricted to small areas in West Africa, crossing state borders.It may be more useful to compare the current outbreak with the SARS-CoV-2 outbreak of 2002/2003 and the MERS-CoV ...
DUBAI –DP Worldsparent company Port and Free Zone World has offered to acquire the 19.55% of port and logistics group DP Worlds shares traded onNasdaq Dubai,meaning a return of the company to private ownership.The company says the move will enable DP World to focus on its medium-to-long-term strategy of transforming from a global port operator to an infrastructure-led end-to-end logistics provider...
1.The coronavirus did not have a major impact on volumes for Chinese ports in January, with the northern port group of Shandong reporting 121 million tonnes of cargo throughput. 2.Patrick Jany joins A.P. Moller - Maersk as Chief Financial Officer (CFO) and Member of the Executive Board. 3.Tianjin Port has announced that an accounting official of its wholly owned subsidiary Tianjin Port Coke Termin...
On February 12, ICBC Financial Leasing successfully delivered 325,000 tons of ore ship ORE YANTAI in Qingdao. It is the first ship of six 325,000-ton ore ship series built by Qingdao Beihai Shipbuilding Heavy Industry for ICBC Financial Leasing and China Merchants Energy Transportation. This ship is the first ship delivered by the domestic shipyard since the outbreak of the novel coronavirus,which...
The Korean Register issued a statement informing of the current situation in all Chinese ports and shipyards amid the coronavirus outbreak; The majority of the ports listed below prohibit any access, while some can be visited by acquiring permission from a local authority.Shanghai Branch Office All Shipyard (Newbuilding Ship) + Shipyard (Docking Shipyard) Work: Progress will be delayed due to lack...
A liberian ship, GAS PRODIGY, has leaked propylene. Propylene is extremely flammable and there is a risk of combustion and explosion. At present, the professional maintenance team is in the process of emergency treatment.The vessel was loaded with 2,400 tons of liquid propylene and arrived at Fuzhou Zhongjiang Chemical Terminal to unload at 16:00 on February 10. During the inspection, the terminal...
On February 9, with the smooth operation of electronic delivery of COSCOs first foreign trade order, Liaoning Port Group Dalian Container Terminal (DCT) has the ability to provide electronic delivery of all domestic and foreign trade cargoes, and formally invites all customers to actively cooperate.This will greatly facilitate customers to carry out online business during the outbreak prevention a...
WORLDWIDE – Latest news from the World Ports Sustainability Program (WPSP), an initiative of the Japanese headquartered International Association of Ports and Harbors (IAPH), contains some interesting facts about ships movements, and delays, as they travel the globe moving around 90% of all the worlds goods.During its latestTaskforce Port Call Optimizationmeeting, one of the industrys leading AIS ...
UKRAINE – Global port operator and logistics group,DP World, has agreed to acquire a majority 51% stake inTIS Container Terminalin the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval. DP World says bringing the TIS Container Terminal into its global network of ports, economic zones, warehousing, and inland logistics solutions will strengthe...
UK – It always seemed unlikely that anything could prove as controversial as Brexit but the new high speed rail infrastructure ofHS2is certainly making a bid for the title. The government decision to give the line the green light has produced a torrent of both plaudits and abuse in turn from freight and environmental groups, unions and the motoring lobby alike.First the praise. Unsurprisingly rail...
Futures for China’s steel products and ferrous raw materials rallied on Tuesday, with iron ore rising the most in seven months, as sentiment was lifted by data showing a decline in the number of new coronavirus cases.While the death toll from the epidemic in China has climbed above 1,000, there were 2,097 new cases in the worst-hit Hubei province on Monday, down from 2,618 the previous day.In the ...
The demand impact that the coronavirus has had in China is rippling through to much of the rest of the complexLondon, 11 February (Argus) — Oil prices fell sharply in response to a dramatic drop in prompt crude demand from China, much of which remains in the grip of the coronavirus.Mideast Gulf marker Dubai registered the steepest losses of the three global benchmarks, falling by $4.10/bl to $52.7...
Diminished trade as a result of the coronavirus outbreak is costing container shipping lines $350 million a week in lost volumes, a new report says, as declining activity in China begins to take a deeper toll on maritime operations from shipyards to carriers of bulk commodities.More than 350,000 boxes have been removed from global trade networks since the disease broke out last month, Denmark-base...
Hong Kong-based liner shipping firm, OOCL has offered its view on the current situation in China as it battles the coronavirus and how the liner company is coping.OOCL reveals that most container terminals in China are in normal operations, the most notable exceptions being Shanghai, Tianjin and Ningbo, where there have been specific challenges in handling the flow of reefer containers due to the ...
Japan’s health ministry said Wednesday that 39 new cases of a virus have been confirmed on a cruise ship quarantined at a Japanese port.The update brings the total found on the Diamond Princess to 174 cases.The ministry also said the virus was confirmed in a official who participated in the initial quarantine checks the night the ship returned to Yokohama Port near Tokyo on Feb. 3. The quarantine ...
Japans K Line announced that it has placed an order for two 79,960 cubic meters of LNG ships in Hudong Zhonghua. The two new ships will bechartered by Petronas for a long period of 12 + 12 years, and will be delivered in the second quarter of 2022.This is the first time kawasaki has signed a long-termcharter contract with Petronas on a new ship.The new vessel will be equipped with dual-fuel engine...
1.Diminished trade as a result of the coronavirus outbreak is costing container shipping lines $350 million a week in lost volumes, a new report says. 2.As fate of quarantined passengers and crew debated, 39 more cases confirmed.The total number of novel coronavirus infections aboard the quarantined cruise ship hit 135 as of Tuesday. 3.Futures for China’s steel products and ferrous raw materials r...
The coronavirus did not have a major impact on volumes for Chinese ports in January, with the northern port group of Shandong reporting 121 million tonnes of cargo throughput and 2.58 million TEU last month, an increase of 6.3 per cent and 6.4 per cent year on year.Ningbo-Zhoushan port forecasts that it will handle 71.54 million tonnes cargo and 2.67 million TEU in January, a decline of 2.9 per ce...
UK – The government has confirmed plans to introduce import controls on EU goods at the British borders after the Brexit transition period ends on 31 December 2020. Speaking at a recent Border Delivery Group event the Chancellor of the Duchy of Lancaster, the Rt Hon Michael Gove MP, made it clear that the policy easements put in place to mitigate the risks of a No Deal scenario are no longer on th...
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