Tag: shipping industry

Fairfax India, an Investment holding company, holds the 41.4% share in Seven Islands Shipping Limited by investing around INR 5 billion (USD 72.1 million) in the company. The investment was completed through a direct subscription and secondary acquisition of Seven Islands shares. 

Liner shipping companies gain advantages from an exemption from EU competition law, which enables them to collaborate. The exemption called 'The Consortia Block Exemption Regulation' is to expire on April 25, 2020. In light of its expiry, ITF gathered stakeholders from the containerised maritime supply chain for a Stakeholder Meeting, on 8 February 2019 in Paris, France, for further review.

DP World’s revenue jumped by 19.8% in 2018 as it weathered trade war threats and other geopolitical uncertainty, according to its annual financial results.The terminal operator said it generated US$5.6 billion in revenue in 2018 and $1.27 billion in profit – an increase of 5.1%.

The Maritime Union of Australia warns that Australia's shipping industry is in crisis, as the nations economic, environmental, and national security is at risk. To that point, MUA suggests that government reform could find a solution to this issue and deliver a multi-billion dollar benefit for the economy.

Maersk published a statement that focuses on the issue of Brexit and what the Brexit means for those interested in the shipping industry. UK's departure from Europe means that there will no longer be trade arrangements between the EU and foreign countries and that trade between the UK and those countries will be subject to general rules of the World Trade Organisation.

DP World announced that it plans investing heavily in Kazakhstan’s port and logistics infrastructure as it looks to enhance the supply chain across central Asia and accelerate the Caspian Sea into a hub of global trade hub. Thus, the company signed two agreements with the Kazakhstan government.

Asean member states must continue working to establish a single shipping market, Calvin Phua, deputy secretary of hub strategy at Singapore's Ministry of Transport, highlighted. This will enable the free flow of Asean shipping services, which will drive the economic growth in the region. This will in turn lead to more trade and investment, as well as more economic opportunities for Asean.

MOL welcomed career-minded students from Komaba Toho Junior High School, February 20, for a lecture on the ocean shipping business and merchant vessels. Twelve students visited the office, starting off by listening to explanations of ocean shipping's role in daily life. Twelve students visited the office, starting off by listening to explanations of ocean shipping's role in daily life.

We have all perceived colleagues being more difficult to work with than others. But, have you ever wondered to what extend the super-competitive,  grumpy and miserable colleagues or the intrusive leaders impact negatively the quality of your own work? Luckily, there are techniques for dealing with a variety of different behaviors - like negativity, aggression or selfishness.

Representatives from maritime technology companies and industry stakeholders met in London for the first meeting of the Smart Maritime Council. This is a new initiative created by the Smart Maritime Network to drive collaboration and standardisation for the development of IT systems in the shipping industry. Smart Maritime Network was created in January 2019 to boost the benefits of improved integration and data sharing within the maritime sector.