Finance

Sort by:

Filter by:



Seychelles issues world’s first sovereign blue bond

The Republic of Seychelles has launched the world’s first sovereign blue bond, according The World Bank. The bond, which raised US$15 million from international investors, is a pioneering financial instrument designed to support sustainable marine and fisheries projects, demonstrating the potential for countries to harness capital markets for financing the sustainable use of marine resources.

BPA uncertain of Brexit deal consequences for ports

Ahead of the final arrangements for Brexit, the British Ports Authority said that it may take some before the industry can see what implications the final deal will have for ports. BPA’s Chief Executive, Richard Ballantyne, noted that currently there is uncertainty regarding the potential future cross-border processes.

Maersk: Container industry to be hit by trade war

US importers are stocking up on Chinese goods before the import tariffs apply, Maersk informed. However, it warned that a trade war would damage demand for container shipping in the future. The trade war will damage the container industry, as after a spike in shipments, a slowdown will follow next year, Mr. Skou added.

Japan files WTO complaint against South Korean support for shipbuilders

Japan has requested WTO dispute consultations with South Korea concerning alleged subsidies provided by the Korean government to its shipbuilding industry. Japan claims that the challenged measures, which include funds, loans, guarantees, insurance and other financing, are inconsistent with WTO’s SCM Agreement and the General Agreement on Tariffs and Trade (GATT) 1994.

ICS Chairman worried about today’s threats to global trade

Speaking in Tokyo, the Chairman of the International Chamber of Shipping, Esben Poulsson, gave emphasis on serious concerns regarding the challenge that the US presented ‘to the proven benefits of multilateralism and the existing global trading order’ .

China postpones tiger bone, rhino horn trading law

China is postponing its decision that would have allowed the use of tiger bone and rhino horn by hospitals and domestic trade in antique tiger and rhino products. Before this, during October, chinese authorities lifted a quarter-century ban on the use of tiger and rhino parts.

China, Myanmar ink multi billion port agreement for Kyauk Phyu

Myanmar and China signed an agreement regarding the Kyauk Phyu Special Economic Zone Deep-Sea Port Project. The project is part of the Belt and Road initiative, while its first phase will cost about $1.3 billion. The first phase of the project will cost about $1.3 billion.

Afghanistan to establish shipping line connecting India and Chabahar

The Afghan Ministry of Transportation is considering to form the shipping sector, in order for ships to be able to conduct commercial activities flying the Afghanistan’s flag in free waters. The shipping line which will be shared with neighboring countries such as Iran and India, along with other countries of the region as well.

Odfjell: 2018 could be the turning point for chemical tanker sector

Odfjell reported its results for Q3 2018, which as the company said, reflect a stable chemical tanker market, despite the fact that the market remained depressed during the quarter. Currently, the global core chemical tanker orderbook remains at 8% of the current fleet.

US exempts Port of Chabahar development from sanctions

US Secretary of State Mike Pompeo has granted an exception to some US sanctions that will enable the India-led development of Chabahar port in Iran. This Port is considered as a corridor to advance Afghanistan’s economy. The waiver permits the construction of a railway line from Chabahar port to Afghanistan, as well as shipments to the latter of non-sanctionable goods.

Poll

Is the shipping industry able to move away from the traditional operational model?

maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
puerto rico
US to grant Puerto Rico $28.9 million to prevent risk from natural disasters
maritime casualties
EMSA: Overview of maritime casualties in 2017
collision in north sea
Two ships collide off Borkum, Germany
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
bering sea
Northern Bering sea and Bering Strait threatened by increasing ship waste
sea level
Sea level rise threatens Mediterranean UNESCO heritage sites
climate change
How climate change threats Antarctic and the world
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
targetless laser sensor for offshore wind farms
First targetless laser sensor for offshore wind farms developed
cma cgm
Top container shipping companies consider new association to drive digitalization
5g
New project considers 5G technology for electricity grid and harbor automation
CIC Detentions Fines PSC Focus Vetting
ferry operation in south carolina
USCG ceased ferry operation in South Carolina
paris mou
Paris MoU appoints new Secretary-General
ferry grounding
Skipper fined over ferry grounding in Wellington
CSR Shipping Sustainability Women in shipping
whales
Whale populations are recovering according to IUCN
seychelles
Seychelles issues world’s first sovereign blue bond
nor shipping
Nor Shipping lays eyes on sustainability ISO certification
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
seychelles
Seychelles issues world’s first sovereign blue bond
Savannah
Port of Savannah marks container moving record in October
ship repair contracts
BIMCO updates ship repair contracts
Career Paths: Capt. Fared Khan, Wallem Ship Management
Career Paths: Diane Gilpin, Smart Green Shipping Alliance
How small investment can power smarter options
environmental sustainability
Entering an era of change and opportunity