ShippingNews

ZIM Joins TradeLens

By MarEx 2019-04-17 19:45:50

ZIM Integrated Shipping Services has signed on as a member of TradeLens, a blockchain-enabled digital shipping solution jointly developed by A.P. Moller - Maersk and IBM. TradeLens uses blockchain technology to enable trust between multiple trading partners including carriers freight forwarders, customs officials and port authorities. TradeLens ecosystem members get a single shared view of a transaction without compromising confidentiality. ZIM has a corporate vision to promote technological innovation in all aspects of its operations. By joining TradeLens, it anticipates...

South-East Asia Shows Increasing Demand for Containerized Soybeans

By MarEx 2019-04-16 19:58:35

Countries in South-East Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association. The number of soybeans shipped in containers to Asian countries has grown 40 percent since the 2014-2015 crop marketing year, from two million metric tons to 2.8 million metric tons. Indonesia is the top buyer of container shipments of soybeans at about 1.4 million metric tons, followed...

Frank Coles Sets Out New Strategy for Wallem

By MarEx 2019-04-16 18:03:56

Wallem has updated its corporate identity to mark the beginning of a profound shift in its service offering under the leadership of CEO Frank Coles. Coles aims to harness the latest technology to improve asset management transparency and efficiency in a program intended to transform the relationship between owners and their ships. The group's refreshed corporate identity and logo reflects its ambition to deliver on its vision of being “the leading provider of technology-driven maritime solutions in a customer centric...

IMO Sets New Anti-Corruption Agenda

By MarEx 2019-04-15 20:29:31

The IMO has agreed to address maritime corruption by including the issue in its work program for the Facilitation Committee. The IMO will now work on a guidance document to address maritime corruption. This is expected to be completed by 2021. According to the Maritime Anti-Corruption Network's anonymous reporting mechanism, which was set up in 2011, there have been over 28,000 incidents already reported, confirming that this is a widespread issue. The decision to include an anti-corruption agenda came at the...

NOAA Corps Ensign Diane Perry on the NOAA Ship Thomas Jefferson

Fast Facts: What is Seaspeak?

By MarEx 2019-04-14 17:42:28

Seaspeak is the official language of navigators the world over. Whether on the high seas or at port, misunderstood communication can lead to serious and even dangerous situations. Seaspeak, the official language of the seas, helps to prevent miscommunication. Have you ever wondered how crews on ships at sea communicate? Nowadays, crews consist of men and women from all over the world, and often, a single ship's crew comes from a number of different countries. But that was not always...

Maduro was inaugurated for a contested and controversial second term on January 10, 2019.

Venezuela: Looking at Economic Sanctions Through a Maritime Lens

By Alejandro Guzmán Woodroffe 2019-04-13 21:04:42

The multidisciplinary nature of the maritime industry allows understanding international events from a global perspective. More important, it also enables the possibility of visualizing international conflicts through the lens of international maritime law and maritime private actors. The development of economic sanctions across the world, and more recently, in the western hemisphere, is one of those topics that should be approached from the maritime outlook and, of course, from the international law sphere. The increasing application of economic sanctions has...

Capesize Bulkers Connect 121 Ports in 31 Countries

By Ned Li 2019-04-11 19:36:49

Iron ore prices in the quarter up surged and became volatile, but they have not yet affected the sea transport and capacity utilization of Capesize bulkers. According to AIS records, these ships’ activeness has remained in the past three months. There were 523 Capesize bulker traveling globally, connected 121 ports in 31 counties. About 84 percent of ships are between 200,000 to 300,000dwt. The network graph uses countries as nodes to show the trade...

Breakbulk's Top Ten

By MarEx 2019-04-10 20:56:20

As of early March 2019, the 10 largest operators, by deadweight, of multipurpose-project-heavy-lift tonnage deployed a combined fleet of 476 ships with a total deadweight of 8,220,000 million tons and an aggregate lifting capability of 155,000 tons. The ships’ average age was 10 years. Dynamar B.V., publishers of DynaLiners, collated the figures in its latest biennial “BREAKBULK - Operators, Fleets, Markets” publication. The top 10 operators currently have a combined order book of 11 vessels with 175,000 dwt and 5,900...

Interlake to Build First New U.S.-Flagged Laker in 35 Years

By MarEx 2019-04-09 18:14:21

A U.S.-flagged Great Lakes bulk carrier will be built for the first time in more than 35 years thanks to a historic agreement recently signed between The Interlake Steamship Company and Fincantieri Bay Shipbuilding. The new River-Class, self-unloading bulk carrier is believed to be the first ship for U.S. Great Lakes service built on the Great Lakes since 1983. The ship, which will transport raw materials to support manufacturing throughout the Great Lakes region, also represents hundreds of good-paying jobs...

BIMCO: U.S. Crude Exports are Driving Tanker Demand

By MarEx 2019-04-09 16:09:12

American crude oil exports hit their fifth monthly record in a row in January, reports BIMCO. U.S. crude exports nearly doubled in 2018, and the numbers have been rising steadily since last July. According to BIMCO chief shipping analyst Peter Sand, the 40 million tonnes of additional crude departing American ports last year meant an extra 290 Suezmax loads, which provided an extra boost for the struggling dirty tanker sector. However, tonne-mile demand is down, because a larger share of...