Category: Hoortash Iranian

Hoortash Iranian
18 Feb by

Zeamarine restructuring sees fleet carve-up

February 18th, 2020 Sam Chambers Europe, Operations 1 comments Two parts of the Zeamarine Group sought court protection yesterday as restructuring and the fleet carve-up at the Bremen shipping giant accelerates. A court appointed Tim Beyer as provisional insolvency administrator for two companies, Zeamarine Bremen GmbH & Co KG and Zeamarine Chartering Bremen, with a […]
Hoortash Iranian
18 Feb by

Illicit secondary bunker market emerging as carriage ban approaches

February 18th, 2020 Sam Chambers Bunkering 0 comments Law firm Ince Gordon Dadds is warning of rogue bunker operations escalating as the days tick down to the International Maritime Organisation’s carriage ban rule, due to come into force in less than a fortnight. Effective March 1, it will become an offence for ships to carry […]
Hoortash Iranian
18 Feb by

Shipping should shrug off coronavirus but escalation risks supply chain contagion

February 18th, 2020 Splash 24/7 Contributions, Dry Cargo, Greater China, Tankers 0 comments In the first of a two-part analysis on the impact of the coronavirus, Dr Adam Kent, managing director, MSI looks at the dry bulk and tanker sectors. The impact of the coronavirus on the Chinese economy has already been severe and the […]
Hoortash Iranian
17 Feb by

Citing coronavirus, ONE institutes $1,000 reefer congestion surcharge

February 17th, 2020 Sam Chambers Asia, Containers, Greater China 0 comments Citing growing supply chain issues caused by the coronavirus in China, Japanese liner Ocean Network Express (ONE) is instituting a $1,000 congestion surcharge for reefer boxes arriving into Shanghai and Tianjin. In a note to clients, ONE stated: “Due to the slow inbound container […]
Hoortash Iranian
17 Feb by

Yang Ming president retires

February 17th, 2020 Jason Jiang Containers, Greater China, Operations 0 comments Yang Ming Marine Transport has announced that its president Vincent Lin has retired. Lin is a shipping veteran, having served 35 years in the industry and 25 years in Yang Ming. He was appointed as president of Yang Ming in 2016. The successor to […]
Hoortash Iranian
17 Feb by

Are net zero claims killing corporate credibility?

February 17th, 2020 Splash 24/7 Contributions, Environment 0 comments Gavin Lipsith, head of content at Wake Media, on swapping ethics for accounting. “Net zero is not zero. If I poison you but promise to remove the poison in, oh, a week’s time, there is not a net-zero impact on your health.” As a stepfather to […]
Hoortash Iranian
Hoortash Iranian
14 Feb by

PIL quits the transpacific

February 14th, 2020 Sam Chambers Asia, Containers 0 comments Under pressure Pacific International Lines’ (PIL) is withdrawing its services from the transpacific market. The Singapore line’s last transpacific sailing will be next month. The decision comes as part of a wider strategic review at the SS Teo-led company which will see PIL, the world’s ninth […]
Hoortash Iranian
14 Feb by

Insolvency proceedings initiated against Mercator

February 14th, 2020 Sam Chambers Asia, Tankers 0 comments Mercator reported another quarter mired in red ink yesterday with more and more creditors calling debts in. Once India’s third largest shipowner, Mercator is now severely under pressure, with ICICI Bank the latest financial institution to chase up debts. ICICI has asked the National Company Law […]
Hoortash Iranian
14 Feb by

Trump adds to growing concern about GPS interference

February 14th, 2020 Sam Chambers Americas, Operations, Tech 0 comments Donald Trump has this week directed the Department of Homeland Security, the Pentagon, and the Commerce Department to minimise the amount of US systems dependent on GPS for positioning, navigation and time that could easily be hacked due to the vulnerabilities associated with GPS. This […]

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