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ICTSI Flagship Manila International Container Terminal Gets Eco-Friendly RTGs

Chennai: Port Wings News Network: International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT) recently received four of 16 new hybrid rubber-tired gantries (RTG) as part of the Company’s long-term investment in capacity enhancement and environmental efficiency. A first in the country and Manufactured by Mitsui Engineering …

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ITF and WMU Launch of Report on Automation and Technology

New Delhi: Port Wings News Network: On Tuesday, 15 January, the International Transport Workers’ Federation (ITF) and the World Maritime University (WMU) will launch a flagship report produced by WMU entitled: “Transport 2040: Automation Technology Employment – the Future of Work”. The forward-looking assessment investigates how the global transport industry …

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IRClass Review of 2018 and Projections for 2019

New Delhi: Port Wings News Network: The Indian Register of Shipping (IRClass) continues to record steady growth in its classed fleet, flag recognition and geographical presence, mirroring the shipping industry’s ongoing recovery. Fleet Growth With tankers and bulk carriers continuing to dominate IRClass’ tonnage, the classed fleet has grown more …

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Korean Register Launches New IHM service & Secures NSC Contract

New Delhi: Port Wings News Network: NSC Group has signed an agreement with Korean Register (KR) for the IACS (International Association of Classification Societies) classification society to provide IHM (Inventory of Hazardous Materials) services across the NSC Group’s fleet of container vessels, bulk carriers, conbulkers, car carriers and tankers. From …

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Freight Derivative Trade Volumes Up In 2018

New Delhi: Port Wings News Network: Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 …

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Container Fire on “Yantian Express” Now Under Control

Chennai: Port Wings News Network: On 3 January, a fire broke out in one container on the deck of the “Yantian Express” and spread to additional containers. In the meantime, efforts to extinguish the fire have made continuous progress under the direction of the salvage company Smit and in cooperation …

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Indian Register of Shipping Receives RO Authorisation From Jordan & Bahrain

Mumbai: Port Wings News Network: Leading classification society Indian Register of Shipping (IRClass),has made significant inroads into the Middle East market, following the announcement in October onits plans to further strengthen its footprint in the region. RO recognition from Jordan and Bahrain IRClass has received authorisation as a Recognised Organisation …

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BREXIT: Last Chance To Prevent Chaos

Chennai: Port Wings News Network: European Shippers’ Council calls for a transitional period allowing governments as well as companies to finalise their preparation at least until December 2020. If the present Brexit withdrawal agreement does not pass the vote in the House of Commons in mid-January, a cliff-edge scenario will …

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Korean Register Moves to Electronic Certificates

New Delhi: Port Wings News Network: From 17 December 2018, Korean Register (KR), an IACS member classification society established in 1960 with the purpose of promoting safety of life, property and the protection of the marine environment, is rolling out IMO-compliant electronic class and statutory certificates across its classed fleet. …

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