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Monday, July 22, 2019

Tag: shipping

Ships deploy unarmed guards to avoid escalation in critical areas

Shipping associations are urging merchant shipping companies to avoid using private armed security personnel in critical areas.

US warns UN of ‘clear threat’ from Iran after tanker attacks

Washington's view was not shared by other council members, who noted that there was no clear evidence to link Iran to the attacks.

US seizes N.Korea freighter accused of violating sanctions

The US Justice Department said it took possession of the North Korea-registered bulk carrier M/V Wise Honest one year after it was detained in Indonesia.

Maersk management given time to turn around ‘supertanker’

The company has faced a series of setbacks including last week abandoning plans to sell its offshore services business.

Transhipment bungle jeopardises rice imports by Sabah, says trade group

Customs seizes 351 containers of rice for not having an import permit and later changes the charge to smuggling, prompting the Vietnam Food Association to threaten a boycott.

EU judges overturn Brussels veto of UPS-TNT shipping buyout

The European Union's powerful anti-trust regulator blocked the US$5.3 billion merger plan in 2013.

England’s northern ports look to prosper from Brexit

In the 2016 referendum, 70% voted to leave the EU – one of the highest results in the country and much higher than the overall national result of 52%.

Singapore looks to tighten controls in its marine fuels supply chain

The city-state is by far the world's largest marine refuelling, or bunkering, hub where authorities have implemented some of the industry's strictest rules and standards.

Will Sepanggar transhipment hub get funds, wonders DCM

Previous federal government had vowed to fund RM1.8 billion project but current federal government has yet to release money to Sabah.

Tanker missing off Gabon with 17 Georgian sailors onboard

Gabon lies on the southern part of the Gulf of Guinea -- the great bend in the coastline of West Africa -- where pirates are a major problem for shipping.

US hits Chinese and Russian firms over North Korea sanctions breach

China-based Dalian Sun Moon Star International Logistics and its Singapore-based affiliate SINSMS netted more than US$1 billion a year exporting alcohol and cigarette products to North Korea.

Untouched ocean habitats rapidly shrinking, according to study

Shipping, pollution, and overfishing have reduced areas of "wilderness" to just 13% of the world's oceans.

Israel asks Cyprus to consider shipping route for Gaza

The idea of setting up a shipping facility in Cyprus has been discussed for many years.

Tiny Japan shipping shares jump on North Korea detente hopes

Japanese retail investors are snatching up shares of the firms that may benefit from a potential thaw between Tokyo and Pyongyang.

Huge disruptions coming with 2020 low-sulfur shipping rule, IEA says

New rules on emissions drastically cut the amount of sulfur that the world’s ships can emit.

Ferry service will transform Kudat, says Sabah minister

It will be a boost for Kudat’s development and will create more jobs and entrepreneurial opportunities for locals, says Teo Chee Kang,

UN shipping agency under pressure to tackle growing CO2 emissions

Shipping currently accounts for 2.2% of world CO2 emissions.

Norway targets IMO to halve global shipping emissions by 2050

According to the IMO, international shipping represents about 2.2% of world carbon dioxide emissions.

Trump escalates attack on Amazon, focusing on tax, shipping

U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but he offered no evidence to back up his criticisms and did not suggest any actions he would take.

Report: Singapore ports will rule, despite Malaysian mega port projects

Asean Today says one reason is the questionable support from China for the port projects that it is financing, as it has allowed shipping giant Ocean Alliance, in which it has interest, to shift from Port Klang to Singapore.

High time shipping charges were regulated, says FMM

Federation of Malaysian Manufacturers calls for a maritime port commission to ensure transport charges are regulated to make ports competitive.

Malaysia’s port dreams not dead yet, says economist

He says changes in strategy, an upswing in commodity prices and a little Alibaba 'magic' might save Malaysian ports.

Mega port projects risk failure, say industry experts

Putrajaya not addressing right issues in quest to build new ports and upgrade existing ones, especially with decline in manufacturing industry, says source.

Port Klang gets more tranquil, but it’s eerie

An industry player discusses port economics and complains of poor work culture.

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