November 2018

29 Nov

Cash buyers hold on to more than 30 unsold ships

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Martina Li, east Asia | November 2018 Intan, previously named Kaimon Maru, was sold on to Bangladesh. Credit: FotoFlite Cash buyers are finding themselves saddled with more than 30 unsold vessels as a shortage of US dollars in Bangladesh, weak steel prices in India, safety concerns, and weak currency in Pakistan have deterred recycling yards from buying […]

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21 Nov

Northeast India welcomes govt’s decision to open Chittagong port

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Northeast India has welcomed the Bangladeshi government’s decision to enable the neighbouring country to use Chittagong’s and Mongla’s ports to move goods to and from India. Finance ministers of both Tripura and Assam have said that opening up the ports will strengthen the connectivity of the Northeastern states, as the ports can be used to […]

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21 Nov

China to build port in Myanmar, third in India's neighbourhood

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IANS| Nov 09, 2018, 04.01 PM IST Myanmar Commerce Minister Dr Than Myint, right, shakes hands with Chinese Ambassador to Myanmar Hong Liang, center, and Chairman of CITIC Construction Chang Zhenming, left, after the Singing Ceremony of the Framework Agreement Kyauk Phyu Special Economic Zone Deep Sea Port Project between Kyauk Phyu Special Economic Zone Management […]

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18 Nov

New cranes will allow Chittagong port to run at full capacity

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Bangladesh Special Correspondent | Nov 13, 2018 2:51PM EST Above: Container trade operations at Chittagong port. Photo credit: Shutterstock.com. Interested in sharing JOC.com content? Please view our current Copyright and Legal Disclaimer information, as well as ourFrequently Asked Questions to ensure proper protocol is followed. For any questions, contact the Customer Support team at our Help link. Chittagong port within a year will […]

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18 Nov

World’s Largest Plug-In Hybrid Ship ‘Color Hybrid’ Being Finalised At Ulstein Verft

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By MI News Network | In: Shipping News | Last Updated on November 12, 2018 The hull of the ‘Color Hybrid’, Color Line’s next flagship that will be servicing Sandefjord-Strömstad, has arrived Ulstein Verft for completion. Image Credit: ulstein.com The ship is contracted by Color Line at Ulstein Verft and is scheduled for delivery Q2 2019. The ship presents an increased […]

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15 Nov

Container Lines and Terminal Operators Sign Blockchain MOU

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BY MAREX 2018-11-06 19:25:23 Nine ocean carriers and terminal operators have signed an MOU to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology. The participants include ocean carriers CMA CGM, COSCO Shipping Lines, Evergreen Marine, OOCL, and Yang Ming; terminal operators DP World, Hutchison Ports, […]

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14 Nov

PSA Marine Tugs to Assist Ships at LNG Terminal in Bangladesh

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Towage operator PSA Marine Bangladesh, a subsidiary of PSA Marine, is to provide support services to LNG ships calling at Summit LNG FSRU Terminal in Bangladesh.  The company has been awarded a 15-year contract from Summit LNG Terminal, part of Summit Power International (SPI). Under the deal, PSA Marine Bangladesh will provide berthing, mooring, pilot and […]

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14 Nov

Bangladeshi Shipbreaking Bill to Improve Working Conditions

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Bangladeshi parliament has passed a ship recycling bill as the country aims to improve working conditions in its shipbreaking yards. Under the Bangladesh Ship Recycling Bill 2018, a part of the country’s efforts to boost its ship recycling industry, the owners are obliged to issue life insurance for all employees and be fully aligned with the […]

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14 Nov

Mitsubishi to Buy Stake in Bangladesh LNG Terminal

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Japanese Mitsubishi Corporation (MC) has agreed to acquire a 25% stake in Summit LNG Terminal (SLNG) and to develop a liquefied natural gas (LNG) receiving terminal that uses a floating storage and regasification unit (FSRU) in Bangladesh. With the acquisition, 75% of SLNG will be held by Summit Corporation and 25% by MC. Under the project, SLNG […]

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14 Nov

Veteran’s Day In Peace And War

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November 11, 2018 by Sal Mercogliano Quartermaster raises the flag aboard a Military Sealift Ship. (Photo via USN)   by Salvatore R. Mercogliano, Ph.D. (gCaptain) This Veteran’s Day we remember the thousands of Soldiers, Sailors, Marines, Airmen, and Coast Guardsmen who gave their lives in defense of the United States of America.  We should also remember the thousands of merchant mariner veterans who […]

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