Brittany Black

Brittany Black

Brittany Black

bblack@maritime-executive.com

Brittany Black is the MarEx news editor for North America. She has been in the publication industry since 2013, and holds a BA in Technical and Professional Writing.

K Line ship

K Line Exec Jailed for Price-fixing Conspiracy

By Brittany Black 2015-03-28 19:05:48

Toru Otoda, a Japanese shipping executive at Kawasaki Kisen Kaisha Ltd (K Line), pleaded guilty on Thursday to price-fixing and bid-rigging the sale of international shipments of ro-ro cargo to and from the U.S. and other countries. He was sentenced to an 18-month prison term and fined $20,000. Otoda is the third K Line executive to be sentenced to prison time for a conspiracy that began in February 1997. He pleaded guilty to the charges of coordinating with executives from...

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Maersk Line vessels

Maersk Orders Seven Container Vessels from COSCO

By Brittany Black 2015-03-26 16:53:54

Maersk Line has signed a newbuilding order with COSCO Shipyard for seven 3,600 TEU container vessels. COSCO and Maersk are keeping the price confidential. Two other shipbuilding companies—Yangzijiang Shipbuilding and Yangfan Group—were final bidders for the newbuildings, but COSCO won out by offering a higher price than the other two yards. The building order is the first step in the investment program Maersk recently announced, which stated that over the next five years the company will invest $15 billion in new...

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ship container

Shipping Losses Drop to 10-year Low

By Brittany Black 2015-03-25 10:29:02

Shipping losses have continued a 10-year downward trend, which began in 2005, according to the third annual Safety and Shipping Review for 2015 issued by German marine insurer Allianz Global Corporate & Specialty (AGCS). 2014 saw only 75 shipping losses of over 100 gross tons (gt) recorded worldwide, which marks a 32-percent decrease from the previous year and a significant departure from the 10-year loss average of 127 per year. Sinkings was the most frequent cause of casualties during 2014, which...

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President Joko Widodo

Indonesia and Japan Unite Through Maritime Forum

By Brittany Black 2015-03-24 14:56:14

Indonesian President Joko Widodo and Prime Minister Shinzo Abe agreed on Monday to collaborate in a high-level bilateral “maritime forum” to strengthen cooperation in ensuring sea security and to further Japanese assistance in the building of Indonesia’s port infrastructure and coast guard facilities. Widodo, who is visiting Japan for the first time since becoming president in October 2014, met with Abe in a summit in Tokyo to sign a defense memorandum that included an agreement for bilateral cooperation in peacekeeping...

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Nicaragua Canal

Scientists Raise Concerns Regarding Nicaragua Canal Project

By Brittany Black 2015-03-09 14:44:14

At the end of last year, the HKND Group, a China-based infrastructure-development group, officially announced that it had begun construction on the Nicaragua Interoceanic Grand Canal. The $50 billion project has aimed to offer a more efficient route for some of the world’s largest barges through the Americas to ports on both the Pacific and Atlantic Oceans. The canal will be 172 miles and could take up to five years to complete. The Nicaragua Canal will rival the Panama Canal,...

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