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Monthly Archives: June 2017

Baltic Index Snaps Six-day Losing Streak

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday to snap a six-day streak of losses, boosted by higher demand for panamax and smaller vessels. The overall index, which considers rates for capesize…
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Shipping Firms Pay $1.9 Mln for Pollution Cover-up

Two shipping companies based in Egypt and Singapore will pay $1.9 million in penalties after pleading guilty in federal court to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice for covering up the illegal…
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Cindy to Weaken this Morning – NHC

Tropical storm Cindy is expected to weaken while moving farther inland and become a tropical depression later Thursday morning, the U.S. National Hurricane Center (NHC) said in its latest advisory. "Continued weakening is forecast during the next 48 hours…
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Volvo Ocean Race Yacht Team AkzoNobel Christened

Sailing fans flocked to a harbor in the Dutch city of The Hague yesterday to welcome team AkzoNobel’s new Volvo Ocean Race yacht, which was officially christened by the city’s Mayor. With the start of the race just four months away, skipper…
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Hamburg Süd Ugrades for Pharmaceutical Reefer Market

The transportation of pharmaceutical products in reefer equipment is subject to the particularly strict guidelines of the Good Distribution Practice (GDP) scheme. Hamburg Süd will be meeting the requirements with regard to calibration processes…
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12 Flags on Paris MOU Black List for 2016

At its 50th meeting last month, the Paris MoU Committee approved the 2016 inspection results and adopted new performance lists for flags and Recognized Organizations. These lists will take effect from 1 July 2017. The “White, Grey and Black (WGB) List” presents the full spectrum…
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BIMCO Updates SUPPLYTIME for Offshore Charters

Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced than its predecessor.
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AUSINDEX Strengthens Ties Between Aus, Indian Navies

HMAS Newcastle’s capabilities proved invaluable during a complex warfare scenario involving Indian Navy Ships Shivalik and Kamorta during the Australia-India Exercise (AUSINDEX) held off the Western Australian coast. The ships headed out to sea…
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