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EU, Japan sign trade agreement

At the EU-Japan summit in Tokyo, on July 17, the two parties signed the EU-Japan Economic Partnership Agreement. The trade agreement between two of the world’s largest economies includes provisions that promise a free trade, something that ECSA welcomed in a statement.

EU announces measures for protection against US tariffs

The European Commission announced provisional safeguard measures regarding imports of a number of steel products. These measures address the diversion of steel from other countries to the EU market as a result of the recently imposed US tariffs. The  measures will come into effect on 19 July.

$15 billion worth of cargo transported in Great Lakes – St. Lawrence

Saint Lawrence Seaway Development Corporation published its 2018 study of the economic impacts of shipping in the Great Lakes-St. Lawrence region. According to the  report, cargo moved on the Great Lakes – St. Lawrence Seaway System in 2017, totaled 143.5 million metric tons valued at US$15.2 billion/C$19.8 billion. 

Maersk, MSC, ZIM to cooperate on the Asia – US East Coast trade

Maersk Line, Mediterranean Shipping Company and ZIM announced a new strategic cooperation on the Asia – US East Coast trade. As of September 2018, Maersk and MSC will provide four of their operated loops to a combined operation of five loops with ZIM between Asia end the US East Coast.

Maritime Silk Road: Critical routes in maritime channels

Since the initial proposal of the “21st-Century Maritime Silk Road” concept by China in October 2013, it has received positive responses from many countries around the world; and route network for the maritime silk road has become more distinct, argue Xinhua and The Baltic Exchange in their latest ISCD report.

Liberia amends maritime law to allow lease financing

In a bid to respond to the needs of shipowners and the ship financing and legal community, the Republic of Liberia amended its maritime law to allow lease financing structures to be recorded as mortgages. As such, Liberia is the only flag state with preferred status in China able to record financing charters.

Five new trends in global shipping

In their recent ISCD report, The Baltic Exchange and Xinhua cite what they believe to be the new trends in global shipping, including a shift in new technologies with the emerging concept of intelligent ports and a greater concern for shipping’s environmental footprint with the implementation of green policies.

South Korean shipbuilders ask steelmakers to freeze plate prices

Amid dwindling orders and tough competition, South Korean shipbuilders as represented by the Korea Offshore & Shipbuilding Association called Monday on steelmakers to keep the prices of shipbuilding plates at current levels, until their businesses are ‘back on track’. 

The top 10 international shipping centres

Singapore is considered as the top world’s shipping centre for the fifth year in a row, followed by Hong Kong, London, Shanghai and Dubai. The outcome is based on the International Shipping Centre Development Index issued by Baltic Exchange and Xinhua news agency.

Maritime UK, BPA welcome Brexit White Paper

After the UK government released its Brexit White Paper, describing how this will happen, Maritime UK and BPA welcomed it. As they both say, this White Paper will ensure the free flow of trade between the EU and UK borders, which remains amongst Brexit’s major concerns.

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
mv priscilla
Salvage companies hired to refloat ‘MV Priscilla’
healthy habits
7 ways to make healthy habits a priority when at sea
duck boat sinks
13 die as ‘duck boat’ sinks due to storm
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
new york lawsuit
Court dismisses New York’s lawsuit against major oil companies
spill preparedness
IMO to enhance spill preparedness in Northwest Pacific
wartsila bwms
Wärtsilä BWMS close to obtaining USCG type approval compliance
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
sensors
Sensors provide solutions in navigation, cargo and supply chain safety
drones
Drones can contribute to safer and more efficient shipping
data collection in the arctic
Technology advancements enable data collection in the Arctic
CIC Detentions Fines PSC Focus Vetting
maersk cosco services in nigeria
Maersk Line, Cosco services in Nigeria suspended
ships refused access in paris mou
Two ships refused access in Paris MoU region
crew underpayment
ITF welcomes AMSA’s decision to ban ship over crew underpayment
CSR Shipping Sustainability Women in shipping
carnival
Carnival surpasses 2020 emissions target ahead of schedule
plastics policy
Top European countries moving ahead on plastics policy
high seas need protection
5 reasons why high seas need protection
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
enclosed space
Emergency Procedures: Rescue from Enclosed Space
special passage regime
Possible special passage regime at Port of Amsterdam due to drought
mindfulness meditation
Why practicing mindfulness meditation onboard