More insight – Page 14
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News
BIMCO develops bunker clauses ahead of Sulphur 2020
The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations, which come into force on January 1, 2020.
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NewsBanks reduce shipping exposure
As banks continue to distance themselves from the shipping sector, two of Germany’s prominent lenders - Commerzbank and Nord/LB - have announced further reductions in their shipping portfolios.
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NewsPositive outlook for Entrec
In announcing its third quarter financial results, specialised transportation and crane services provider Entrec has outlined its strategy and outlook for 2019.
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NewsStorage represents 'tipping point’ for renewables
New energy storage technologies represent a “tipping point” for the wind and solar power generation sector, according to Bill Gross, founder and chairman of Idealab, a California-based venture capital firm.
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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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News
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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NewsLMA launches SOMWS
Lloyds Market Association (LMA) plans to launch the Society of Offshore Marine Warranty Surveyors (SOMWS) on September 18.
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NewsMund + Bruns renames in the USA
Houston-based Jaeckel Mund + Bruns has rebranded to correspond with its Bremen-headquartered parent company and will operate as Mund + Bruns.
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NewsMore infrastructure required for Arctic sailings
As the Northern Sea Route (NSR) becomes an increasingly attractive shipping lane, the International Union of Marine Insurance (IUMI) says more support is required to facilitate the provision of adequate insurance for Arctic sailings.
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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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News
IUMI launches tutorial programme
The International Union of Marine Insurance (IUMI) has launched an online cargo tutorial programme, specifically designed for intermediate-level cargo underwriters.
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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.