Palau International Ship Registry, the world’s fastest growing flag, added yet more vessels into its fleet with the signing of two new ship registrations during Seatrade Middle East 2018 (STMM) held last month in Dubai.

The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.5% compared to the same month in 2017. This was a slowdown from the 6.4% growth recorded in August year-over-year. Capacity climbed 5.8% and load factor slipped for the first time in eight months, down 0.3 percentage point compared to the year-earlier period, to 81.4%.

There are 1,966 vessels which have deliveries dates scheduled for 2018. However only 1,100 have hit the water so far this year, meaning 44 percent of the 2018 orderbook is outstanding, according to VesselsValue.

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.0% in September 2018, compared to the same period the year before. This pace of growth was relatively unchanged from the previous month but was less than half the five-year average growth rate of 5.1%.

The Indian Register of Shipping (IRClass) continues to play a central role at the International Maritime Conference and Exhibition (INMARCO) which is held every four years.

The oil and gas industry requires strong, durable work boats with a long serviceable life. Marsol International Limited have access to a family of workboats made from High Density Polyethylene (HDPE), a material known for its versatile strength and long-lasting durability, which are ideally suited to the harsh working conditions of the offshore environment.

The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.

Hong Kong has the potential to become an even more attractive international hub for arbitration in the Far East if it develops a more global strategy and embraces foreign investment, according to Edward Yang Liu, Hill Dickinson counsel in Hong Kong.

In the first three quarters of 2018, total throughput in the port of Rotterdam was 0.4% lower than in the same period the previous year. Container volumes continued to grow at a markedly higher pace than the first nine months of 2017 – even recording a new all-time high in August. Wet and dry bulk, however, showed a decline in volume – although LNG and biomass were two positive outliers within these product segments. All in all, 350 million tonnes of cargo was handled in the port of Rotterdam, a decrease of 1.5 million tonnes compared to last year. The port expects to make up some of the difference in the fourth quarter, so that the throughput recorded for 2018 in its entirety will be more or less equal to that of 2017.

The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.

Leading commercial law firm Hill Dickinson has appointed two senior hires to join its Hong Kong office. Counsel and registered foreign lawyer Edward Liu and Counsel Antony Cowie both joined on 22 October 2018.

Valstybinė kainų ir energetikos kontrolės komisija (VKEKK) patvirtino mažesnę „Energijos skirstymo operatoriaus“ (ESO) gamtinių dujų skirstymo kainos viršutinę ribą - 5,32 Eur už MWh (be PVM) arba 3,6 proc. mažesnę. Šiuo metu gamtinių dujų skirstymo paslaugos kainos viršutinė riba - 5,52 Eur/MWh (be PVM).

With her striking magenta colour design, she’s a real eye-catcher in the Port of Hamburg. With a length of 320 metres and slot capacity of 8,102 TEU (20-ft standard Containers) Ocean Network Express – ONE shipping group’s ‘ONE Continuity’ may not be among the biggest containerships ever seen in the Port of Hamburg, but her unorthodox colour scheme has everybody staring and cameras clicking like mad. “We are delighted to be able to welcome and to clear ONE’s first containership in the new corporate livery here in Hamburg,” said Jan Holst, Director Germany & Central Europe. “With the novel magenta colour scheme, we are making this a memorable call for ONE. This, for the shipping industry very unorthodox colour underlines our claim to do things differently and to create something new. Yet along with a striking brand presence, we continue to put our worldwide customers at the forefront of our activities,” added Holst.

Investment in infrastructure for passengers, baggage and environment

At the conclusion of this week’s critical meeting of the IMO Marine Environment Protection Committee (MEPC), ICS has welcomed the significant progress made on some key environmental issues.

 

The magazine SEA has been published since 1935
International business magazine JŪRA MOPE SEA has been published since 1999
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The magazine JŪRA has been published since 1935.
International business magazine JŪRA MOPE SEA has been
published since 1999.

ISSN 1392-7825

2017 © www.jura.lt