Insight – Page 7
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NewsDrewry sees improving prospects for the multipurpose sector
Surging growth in renewable energy generation around the world and a construction boom in southeast Asia that is expected to run for the next ten years bode well for multipurpose shipping fleet, says Drewry.
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NewsCoal comes under pressure
While US President Donald Trump continues his efforts to revive the coal industry, governments across the Atlantic are vowing to crack down on greenhouse gas pollution and stop the use of the fossil fuel.
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NewsInward-looking policies threaten shipping's outlook
Uncertainty arising from wide-ranging geopolitical, economic and trade policy risks is redefining the maritime transport landscape and shaping the sector’s outlook, says the United Nations Conference on Trade and Development (UNCTAD).
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Industry seeks clarity ahead of Sulphur 2020
A survey conducted by global shipping consultancy Drewry reveals that there is considerable unease among global shippers/beneficial cargo owners (BCO) and freight forwarders ahead of the IMO’s sulphur 2020 emissions regulations.
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NewsInsourcing: a threat to project forwarders?
At the inaugural Project Cargo Summit, held at Rotterdam’s Onderzeebootloods this week, questions were raised about the future role of freight forwarders in the project cargo supply chain, as shippers start to bring their transport activities in-house.
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NewsHuisman and ATC develop offshore training
Huisman and Australasian Training Company (ATC) have signed a cooperation agreement for the development of offshore crane training packages in Singapore.
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NewsMPV fleet faces regulation changes
In just 16 months, the Sulphur 2020 regulations will come into effect and it could prove to be the tipping point for consolidation in the multipurpose fleet.
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NewsUpstream delivery finally hits the mark
According to industry analyst Wood Mackenzie, upstream oil and gas companies are increasingly delivering major capital projects on time and on budget.
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NewsDeveloping a green solution
Three of the marine sector’s major technology companies, WinGD, Wärtsilä and GTT, have agreed to collaborate in making the use of LNG fuel a viable option for ship owners and operators.
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NewsSovereignty of the seas
Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan have signed a landmark agreement on the Caspian Sea’s legal status, outlining the maritime borders and ending a 20-year long dispute.
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NewsIUMI nominates Turner
The International Union Marine Insurance (IUMI) has nominated Richard Turner, global marine director and European director of global risk solutions at RSA Insurance Group, for the role of president.
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NewsTrade tariffs take hold…
In its second-quarter analyst call, Caterpillar confirmed that the USA’s decision to impose import tariffs on steel and other metals will have a real effect on its businesses and customers in the second half of 2018.
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NewsBriese calls Globecomm to enhance vessel connectivity
Briese Schiffahrts has selected Globecomm Maritime to provide its Ku-band VSAT services to ensure its fleet of approximately 132 ships are connected to shore 24/7.
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NewsSingapore to host PPG training course
The Project Professionals Group (PPG) will host its Project Cargo Forwarding Certificate training course in Singapore from November 26-27, 2018.
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Technology to revolutionise freight forwarding
While the fundamentals of freight forwarding remain unchanged, the short-term future of the sector will be characterised by the introduction of technologies that unlock value and enhance capability.
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NewsICS welcomes sulphur cap efforts
The International Chamber of Shipping (ICS) says it is encouraged by efforts made to resolve some pressing practical challenges of the global implementation of the 0.5 percent sulphur in fuel cap, which comes into effect on January 1, 2020.
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Shipping losses decline, but risks remain
Large shipping losses have declined by more than a third (38 percent) over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018.
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NewsTrade war steams ahead
The trade war is a speeding train, accelerating with every trade-restrictive retaliatory measure imposed and becoming ever more difficult to stop, said the Baltic and International Maritime Council (BIMCO).
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NewsGlobal trade growth set to accelerate says DHL
The third DHL Global Trade Barometer (GTB) index has predicted that global trade growth will continue to accelerate over the next three months, despite increasing trade tensions.
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NewsSC&RA encourages weather preparedness
The Specialized Carriers & Rigging Association (SC&RA) has published Severe Weather Guidelines for the crane and rigging industry.