The United Nations Conference on Trade and Development (UNCTAD) issued statistics regarding the world maritime fleet. UNCTAD this week uploaded 2017 maritime statistics on the world shipping fleet by flag and by country of ownership, as well as the 2016 tonnage for ship building and scrapping. Greece takes the top place of ship owning countries and outranks Japan,…
The key international convention that establishes sovereignty over territorial seas, and rights in continental shelves and exclusive economic zones (EEZ), is the United Nations law of the seas, UNCLOS. It provides a legal framework for the signatory countries for ownership rights and jurisdiction concerning these areas. The legal framework covers, among others, rights to natural…
Contraction of the market continues. Get the market trend update by clicking on below document. Source: DNVGL
Great news for the cruising industry calling Limassol. A new modern terminal designed to accommodate the largest operating cruise vessels, is scheduled to open in the summer at DP World Limassol port. The new terminal consists of seven pods with an internal area of 7,000 square meters. Along with 24-hour availability the terminal offers integrated…
BIMCO, the world’s largest shipping association has appointed Philip Tinsley as its new Head of Maritime Security. Tinsley joined the association in 2015 and assumes his new position after the sad and untimely death of his colleague, Giles Noakes, earlier this year. Before joining BIMCO, Tinsley spent 31 years with the Royal Marine Commandos – an…
BIMCO has published a new edition of SUPPLYTIME, its widely used time charter party for offshore supply vessels. Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced…
This year, once again, 25 June marks the annual Day of the Seafarer (DotS). DotS was established in a resolution adopted by the 2010 Diplomatic Conference in Manila to adopt the revised STCW Convention. Its stated purpose is to recognize the unique contribution made by seafarers from all over the world to international seaborne trade,…
