Tag: shipping industry

Landlocked Nepal is boosting its plans to create a national shipping line. Prime minister Khadga Prasad Sharma Oli opened the Nepal Ship Office in Ekantakuna just to the south of the capital, Katmandu, near the banks of the 600 km-long Bagmati river. Nepal's Prime Minister has been trying for many years to achieve the creation of a national shipping line. In addition, Oli aspires to purchase vessels for riverine trade through the rocky parts of the country, for onward shipment through Indian ports, possibly by rail connections. The prime minister’s chief advisor Bishnu Rimal tweeted concerning the inauguration of the first ever Nepal Ship Office in Ekantakuna, Lalitpur. The Chief Adviror also stated that a ship office is being established in Nepal for the first time in history. Today a dream is taking its first step. Where there is will, there is way.    

Serious technical problems with cranes slowed down the deployment of ESL Shipping’s new LNG-fueled bulk carriers, the Finland-based shipping company, part of the ASPO Group, stated. The problems in the conventional mechanics of high-power cranes, which are subject to warranty, have significantly interfered with the efficient operations of both vessels.

Cyprus’ deputy minister for shipping stated that the number of companies that are developing their headquarters in the small east Mediterranean island nation has almost doubled in the last six years. This reflects Cyprus' growing appeal as a maritime business hub. Shipping accounts for around 7% of Cyprus’ economy.

As digitalization is becoming an integral part of the shipping industry, more and more operators can benefit from its use. An interesting new technology that aspires to move maritime forward, is the digital twin concept. Digital twins provide a virtual model of a physical ship, producing valuable insights from data. So, what exactly is a digital twin ship?

Yilport Holding, port management and logistics subsidiary of Yildirim Group had a 'golden year' due to the increase of its business and volumes growth. The worldwide terminals handled 6.41 million TEU containers in 2018, reporting 5% year-on-year volume development in comparison to 2017, that was led by its 10 container terminals in Turkey, Scandinavia, Iberia, and Latin America.

The Greek shipowners reached an agreement with their government to change the way they are taxed. Namely, Greece will now charge a 10% dividend tax, instead of the former way of charging a double tonnage tax. This development continues the voluntary contribution scheme by shipowners and companies that are in Greece.

The report 'Breaking New Ground' presents the outcomes of the Global Maritime Forum’s recent Annual Summit in Hong Kong. The high-level meeting gathered 200 decision-makers from across the entire maritime spectrum to address key challenges and opportunities facing global seaborne trade. The Summit discussed about decarbonisation, digitalization and improving safety.

Africa has been the second fastest growing region in the world since 2000, the Global Maritime Forum reports. In fact it has tripled its trade and diversified its trade links, but many African countries are among the poorest in the world. For this reason, the continent needs to make sure that this growth can benefit all of Africa.

Although in all kind of industries, loyalty and dedication from employees is required by leaders, they are said to rarely return their half of the equation, leaving employees feeling left behind and unsupported by ignoring their ideas or even belittling them in public. Here are the 4 types of “bad bosses” that make employees quit organizations.

Port Augusta in Australia will continue commercial shipping after 50 years, as CU-River now owns the former power station site. CU-River plans to turn the site into a bulk commodity and a transhippment port facility. The works will begin after the feasibility and approvals are complete. CU-River expects to start operations within two years.