By Prejula Prem, Alex Longley and Jack Wittels (Bloomberg) -- The shipping industry is pressing for a phased start when tough new rules governing vessel fuel get under way in fewer than 16 months’ time. Three trade groups and four countries where thousands of ships are registered made a joint proposal to the International Maritime Organization on Aug. 31 for what they called … [Read more...]
LNG Shipping Rates Spike with No Respite Seen Through 2019
By Sabina Zawadzki and Jessica Jaganathan LONDON/SINGAPORE, Sept 21 (Reuters) - The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply. The rate for vessels shipping LNG from the Atlantic Basin to Asia has jumped … [Read more...]
At Least 42 Drowned in Lake Victoria Ferry Sinking, Officials Say Death Toll Could Top 200
By Nuzulack Dausen DAR ES SALAAM, Sept 20 (Reuters) - At least 42 people drowned when a ferry sank on Thursday in Tanzania's Lake Victoria and government officials feared the final death toll could be more than 200, a senior local official said. Ukerewe District Commissioner Colonel Lucas Magembe told Reuters that the rescue mission to find survivors from the disaster had … [Read more...]
U.S. Navy Commences Oil Removal from Capsized German Cruiser ‘Prinz Eugen’ in Marshall Islands
The U.S. Navy, in partnership with the Army and the Republic of the Marshall Islands, have started the recovery of oil from the overturned World War II German heavy cruiser Prinz Eugen in the Kwajalein Atoll. These recovery efforts will ensure mission capability of the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command’s Ronald Reagan Ballistic Missile … [Read more...]
UK’s Leading Port Operator to Test Blockchain Logistics Software
The UK’s leading port operator, Associated British Ports (ABP), has signed a Memorandum of Understanding (MOU) to create one of Europe’s first detailed pilot programs to examine the implementation of blockchain technology to improve port connectivity. The MOU was signed this week with Marine Transport International, a logistics software company that specializes in … [Read more...]