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206 ships broken in the first quarter of 2018

There were a total of 206 ships broken in the first quarter of 2018. Of these, 152 ships were sold to the beaches of South Asia for dirty and dangerous breaking [1]. So far this year, 10 workers have lost their lives and 2 workers have been severely injured when breaking ships in Chittagong, Bangladesh. […]

The Bulgarian Ship Supplier Association welcomes Europe to Sofia

For the first time the Bulgarian Ship Suppliers Association will have the honour to welcome the annual OCEAN Board meeting and OCEAN Customs and Taxations Working Group meetings. The event will be held in Sofia, the capital of Bulgaria, on 26th and 27th April during the period of the first Bulgarian EU Presidency. The Chairman […]

Baltic Exchange launches Escrow Service for vessel sales

The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exchange members to take advantage of the Exchange’s trusted position in the marketplace when undertaking the sale or purchase of a vessel. Announcing the initiative today (25 April) at its Freight […]

CO2 emissions for shipping: greater digital standardisation & sharing needed

The international shipping industry needs to work more quickly towards global digital standardisation if it is to reduce its CO2 emissions. Speaking at the Singapore Maritime Technology Conference today (25 April 2018), Argyris Stasinakis, a partner with ship tracking intelligence company MarineTraffic, told the audience that more information exchange between shipowners, shippers, ports, equipment manufacturers […]

Baltic Exchange and Freightos to launch global container freight index

For the first time ever the global container shipping industry will have an independent, audited benchmark thanks to an innovative tie-up between the Baltic Exchange, the most trusted name in freight benchmarking, and Freightos, the digital container freight platform. The two organisations today (25 April) announced at Singapore Maritime Week that the Freightos International Freight […]

First Made-in-China Aircraft Carrier Gearing Up for First Sea Trials

China’s first indigenously constructed aircraft carrier is poised to begin sea trials this week, about a year after the massive ship was commissioned, according to a new report. The Type 001A carrier may start sea trials as the People’s Liberation Army-Navy celebrates its 69th birthday Monday, the South China Morning Post reported. In addition to […]

Baltic Exchange sets out modernised Code for freight market

The Baltic Exchange will be introducing a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets. Following a detailed review of the current arrangements led by law firm Norton Rose Fulbright with oversight by the Baltic Exchange Council and the Baltic Membership Council, the New Baltic Code […]

The IMRF launches 2018 Awards and calls for nominations

The International Maritime Rescue Federation (IMRF) has launched the IMRF Awards 2018 and is calling for nominations and entries from around the world. The Awards are unique, in that they were specifically established to recognise and reward the selfless efforts of search and rescue (SAR) operators around the world, who make many sacrifices to save […]

Seatrade convicted for trafficking toxic ships

Brussels/Rotterdam, March 2018 – Today, a Rotterdam District Court sentenced, on the basis of the EU Waste Shipment Regulation, shipping company Seatrade for the illegal export of vessels sent for scrapping on the beaches of South Asia. The Seatrade company has been heavily fined, and two of its executives have also been banned from exercising […]