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International Maritime
PIL Set To Repay $1bn In Restructuring Debts
Singapore-headquartered PIL was rescued by Temasek Holdings unit Heliconia Capital Management in a $600m restructuring deal the end of the first quarter of this year under a court sanctioned Scheme of Arrangement.
PIL is now…
Panama Maritime Authority, ClassNK Ink MoU On Cybersecurity
The Panama Maritime Authority (AMP) has signed a Memorandum of Understanding (MoU) with ClassNK on cybersecurity.
AMP said that the MoU will help to better understand the cyber threats to which ships are exposed and implement…
China To Increase Seafarers’ Basic Salary By 7% From 2022
Fresh facts have emerged that Chinese seafarers’ basic salary is expected to up 7% beginning from next year comparing with the standards in 2021, the country ship owners have agreed.
China Shipowner’s Association and China National…
Shipping High Rates Threaten Global Trade , As UNCTAD Raises Alarm
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday.
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Ocean Liners Deploy Ships To Clear Backlog Of Empty Containers Pile Up At L. A .Port
The number of container ships waiting to enter the busiest U.S. seaport complex hit a new record of 84 on Tuesday, as growing piles of empty containers crowd docks at the Southern California facility that has been racing to remove lingering…
Singapore To Provide At Least 12,000 Vaccine Doses For Seafarers
Authorities in Singapore is making available at least 12,000 vaccine doses for international seafarers for the next phase of its crew vaccination programme.
Singapore started vaccinating non-resident seafarers its Sea…
IMO To Establish International Day For Women
The UN International Maritime Organization (IMO) will establish an International Day for Women in Maritime, a move some say has been a long time coming.
The International Maritime Organization IMO Council, meeting from…
US, Israel, UAE , Bahrain Flag Off First Joint Naval Training Exercise
The U.S. Navy’s Fifth Fleet is joining with naval forces from the United Arab Emirates, Bahrain, and Israel in a first-of-its-kind maritime security exercise in the Red Sea.
The five-day exercise under the leadership of the U.S. Naval…
US,Canada, 17 Other Countries Sign Declaration For ‘Green Shipping Corridors’
The Clydebank Declaration was launched at COP26 with 19 states with the aim to set zero-emission maritime routes between two or more ports.
In a Mission Statement the signatories said they aimed to support the setting up of at…
TRADEGO: Nine Companies Set-Up To Digitalise Bulk Cargo Trading
Nine companies have indicated interest to establish an international digital document platform on bulk cargo trading.
They are Cosco Shipping Energy Transportation, China Merchants Energy Shipping, Sinochem Energy, China National United…