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The company said it does not properly declare the dangerous cargoes before shipment is a violation of the Hazardous Materials Regulations. Violators may also be subject to monetary fines and/or criminal prosecution under applicable law.

Charterers Liable for Demurrage Despite Invalid NOR  (19/8)

Fanos Theophani and Alexander George of lawyers Clyde & Co have reported on London Arbitration 13/19, which they described as “a cautionary tale for charterers”, highlighting the manner in which a defective Notice of Readiness (NOR) could result in charterers being liable for demurrage and in repudiatory breach of the charterparty. Theophani acted for the successful disponent owners.

Consolidation has brought liners ‘unprecedented’ levels of rate stability  (19/8)

Thanks to enormous consolidation container shipping has reached an “unprecedented” level of rate stability around the world, according to the latest weekly report from Copenhagen-based box analysts Sea Intelligence.

Shipping takes aim at battery-powered future  (19/8)

Ocean-going vessels going on full electric propulsion may still not be a foreseeable scenario at least in the near future. However there’s no denying that shipping has an eye on a battery-powered future, attested by an increasing interest in the development of electric vessels.

Trump Tumult Has Gadget Giants Splitting Along U.S.-China Lines  (19/8)

Even the unseasonable downpour couldn’t dampen the spirits of the executives and officials gathered on the Indonesian island of Batam to cut the ribbon on a new Pegatron Corp factory. The men exchanged jokes as they took shelter under a white canopy, and when company vice chairman Jason Cheng pledged to hire hundreds of locals, the assembled audience erupted in applause.

HMM Narrows Loss Despite Challenges  (19/8)

South Korean shipping giant Hyundai Merchant Marine (HMM) has managed to reduce its half-year loss in 2019 by over 40 percent, despite challenging market conditions and a deteriorating geopolitical situation.

Evergreen Marine to Add 11 Containership Giants to Its Fleet  (19/8)

Taiwanese shipping major Evergreen Marine Corporation has confirmed plans to construct and charter up to 11 containerships that would feature 23,000 TEUs.

Maersk Earnings Strengthen amid Recovery in Ocean Business  (19/8)

Danish conglomerate A.P. Moller – Maersk reported “solid progress” in the second quarter of 2019 as its Ocean business witnessed continued recovery.

Gibraltar Releases Seized Iranian Tanker Grace 1  (19/8)

Authorities in Gibraltar have released the supertanker Grace 1, seized in early July on suspicion that it was in breach of EU sanctions.

Port of Hamburg’s Cargo Volumes Continue Rising  (19/8)

Germany’s Port of Hamburg remains on a growth course, achieving a 4.1 percent advance to 69.4 million tons in seaborne cargo handling in the first half of 2019.

Shipping Associations Seek Diplomatic Solution for Strait of Hormuz (7/8)
Pirate Skiffs Surround Crude Oil Tanker in Arabian Sea (25/12)
ONE, PSA to Form JV Container Terminal in Singapore (25/12)
HMM to Take 50 Pct Stake in Busan Terminal (25/12)
MOL, Partners Look Into Automatic Prevention of Collisions (25/12)
In Depth: Three Key Ship Types to Watch in 2019 (25/12)
Court Confirms USD 1.8 Bn Prestige Oil Spill Compensation (25/12)
FMC will standardize language for detention, demurrage fees (18/12)
Intermodal Growth Starting to Pay Off with Inland Ports’ Development (18/12)
In Depth: Three Key Ship Types to Watch in 2019 (18/12)
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On its way to develop alternative energy-sources for greener aviation, Airbus is also supporting basic research activities for electric aircraft concepts “eGenius”...
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