About 50 shipping companies and more than 70 ships linked to North Korea are now subject to US sanctions, which have been introduced since 2014.
Safety & Regulation
Desh Shakti, an oil tanker owned by the Shipping Corporation of India, has been implicated in a hit-and-run accident following an explosion on board Desh Vaibhav.
The increase in fuel costs will revive plans for a public listing of SK Shipping’s bunkering subsidiary, SK B&T, possibly by 2020.
Crew and shipowners are failing to take basic precautions to prevent hatch cover leaks, according to the Swedish Club.
The appointment of Turner, who is head of global risk solutions Europe at RSA, would see him become the first British president in IUMI’s 144-year history.
Industry body Intertanko has called for immediate government action to prevent the sale of unsafe bunker fuel, with hundreds of vessels having been damaged by contaminated product over the past five months.
More shipowners are fitting their vessels with scrubbers.
Tightening regulations on dredging are often spurred by concern for the environment, but commercial bodies are stressing the importance of ensuring a science-based approach
Ship recycling markets continue to suffer causing prices to slump because of the monsoon season, upcoming haj, student protest at Chittagong, and weak steel prices.
As Typhoon Shanshan is expected to hit the eastern areas of the Pacific Ocean on 9 August, ships need to make other bunkering arrangements.