The Convention on the International Maritime Organization was adopted 70 years ago, on 6 March 1948, at the United Nations Maritime Conference held in Geneva, Switzerland. The convention entered into force 10 years later, on 17 March 1958, when Japan became the 21st State to ratify the treaty.
Read moreDetailsNorwegian shipping company Torvald Klaveness said that employing a Panamax on rolling spot contracts was more profitable than employment on a rolling one-year time charter. However, the two strategies performed differently depending on the choice of investment and market timing.
Read moreDetailsAccording to online freight forwarder iContainers, mergers and acquisitions activities for shipping carriers are expected to decrease in 2018. On the other hand, freight forwarders can expect to see an increase in M&A talks. Because of market downturn, many carriers formed alliances and set agreements on slot purchases, gaining cost-effectivenes. Such movements affected shippers.
Read moreDetailsDynamic Positioning allows vessels to operate within feet of desired positions for prolonged periods of time. Despite it being a complex system, DP has been a significant benefit to vessels conducting high consequence operations on the outer continental shelf.
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