US Extends Jones Act Waiver in Wake of Hurricanes Irma

Department of Homeland Security Acting Secretary Elaine Duke extended the limited Jones Act Waiver initially signed on September 8 at the recommendation of the Departments of Defense and Energy. Due to the severe disruptions of the oil supply system resulting from Hurricanes Harvey and Irma, the extended waiver will facilitate movement of refined petroleum products, […]

Posted by: on Sep 15, 2017 read more

DP World Interested in Hong Kong’s Cruise Terminal Business

Dubai-based port operator DP World is interested in exploring Hong Kong’s cruise terminal business. The ambition was revealed during a meeting held this week between DP World Group Chairman Ahmed Bin Sulayem and Hong Kong counterparts, including Chief Executive Carrie Lam at Government House, Hong Kong Secretary for Transport and Housing, Frank Chan Fan, Hong […]

Posted by: on Sep 15, 2017 read more

Tanker Rate Hike from Hurricane Aftermath Short-Lived

The spike in freight rates for product tankers in the aftermath of the Hurricane Harvey is expected to be short-lived. Product tankers saw a 35-40 percent lift in spot rates since the hurricane made landfall on Texas on August 25, shutting down refineries. The tanker industry is taking advantage from the initial uncertainty caused by the […]

Posted by: on Sep 12, 2017 read more

Philippine Forces Rescue Cargo Ship from Pirates

The Philippine Coast Guard and Navy have thwarted a pirate attack on a freighter off Zamboanga del Norte, the Philippines, the Coast Guard confirmed to World Maritime News. The attack occurred in the morning hours of April 18. The cargo vessel, M/V Annabelle City, was sailing to Zamboanga from Iloilo when armed attackers approached on three motorboats […]

Posted by: on Sep 04, 2017 read more

Shipping losses decline in 2016

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The Maritime Industry monitored the total number of shipping dropped by 16 percent yearon-year basis in 2016 to 85 cases according to the safety and shipping review 2017 by Allianz. The data stated that over the past decade, shipping loses have declined by 50%. In 2016, more than a quarter of loses occurred in the […]

Posted by: on Aug 18, 2017 read more

Great Habits to Balance Maritime Work and Life

Here are some tips taken from an article on how to balance work and life style which I have found to be applicable also to maritime workers. Take a look. Have a positive attitude Attitude affects everything. Your attitude affects your actions and how the world reacts to you. It helps you connect with people. […]

Posted by: on Aug 18, 2017 read more