IMO publishes new IMDG Code (2008 Edition)
imo
A new edition of the International Maritime Dangerous Goods (IMDG) Code, the standard guide to all aspects of handling dangerous goods and marine pollutants in sea transport, has been published by the International Maritime Organization (IMO) in hard copy, as a download and [...]
Security upgrades set to make India�s ports even more costly
a-birdes-eye-view-of-containers
Bangalore: India’s relatively high-cost ports are likely to charge even more as the government takes steps to beef up security following the Mumbai terrorist attacks.
The government is planning to install equipment to scan cargo containers, set up a marine commando force, increase the number of security personnel and buy speedboats to help in search operations.
[...]
Suez traffic not affected
suez_canal
Egypt denied that international shippers were avoiding the country’s Suez Canal, the waterway that carried a tenth of the global seaborne trade in 2007, after an escalation in piracy off east Africa. ‘We have not been notified by any shipping company that they are re-routing away from the Suez Canal because of the Somali piracy,’ [...]
Shipper calls for military force on Somali pirates
cargo80
The world’s militaries must work together to battle pirates off the Somali coast or ships will have to be diverted and the cost of moving goods will skyrocket, one of the world’s largest oil tanker companies said Friday. Frontline Ltd., which sails five to 10 tankers of crude a month through the treacherous Gulf of [...]
BW Gas, TMT, Euronav May Avoid Somalia After Attacks by Pirates
tanker21
By Alaric Nightingale and John Martens
Nov. 19 (Bloomberg) — BW Gas Ltd., the world’s biggest operator of liquefied-gas tankers, Euronav NV and TMT Co. Ltd. said they may divert ships away from Somalia after an escalation in piracy led to the capture of a Saudi Arabian supertanker.
BW Gas is urging its customers to avoid the [...]
Melting polar ice cuts pollution in Straits of Malacca
KUALA LUMPUR: The polar icecap in the Arctic is melting away. Bad news for many scientists, but welcomed by shippers who see the fabled Northwest and Northeast Passages finally opening up.
And that could lead to fewer ships using the Straits of Malacca, causing less pollution and erosion of Malaysia’s coastline.
Maritime experts, though, believe Malaysia’s ports [...]
FOCUS-Rupee may bite shipping profits but shore up revenues
Indian shipping firms may take a beating on their cost of funds and profitability as the recent tumble of the rupee makes dollar loans dearer, but higher revenue in rupee terms may offset some losses, officials said.
Under current accounting standards, companies have to mark up their dollar-denominated loans in the local unit in line with [...]
Somali Pirates Hijacked 11 Ships With 200 Sailors, Bureau Says
Somali pirates hold at least 11 merchant ships with 200 sailors captive as international naval forces fail to secure the main trade route between Asia and Europe, the International Maritime Bureau said.
Commodity carriers and chemical tankers are among vessels that have been taken to hideouts and pirate bases along the East African country’s coast, Noel [...]
