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Home » Maritime Executive

Articles Tagged with ''Maritime Executive''

Insurance 1

Tianjin Port Explosion May Rank as Worst Marine Insurance Disaster

February 9, 2016
Maritime Executive
Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.
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Shipping container 1 02

CMA CGM Becomes Latest Western Shipping Company to Strike Deal With Iranian Ocean Cargo Line

February 2, 2016
Maritime Executive
French firm CMA CGM, the world's third-largest container shipping operator, signed a significant cooperation agreement Thursday with Islamic Republic of Iran Shipping Lines (IRISL).
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Projected 4.6 Percent Growth in Container Ship Capacity Is 'Slowest' Rate in More Than 25 Years

January 29, 2016
Maritime Executive
Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday.
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Two Reports Analyze Slavery, Corruption in Today's Supply Chains

January 28, 2016
Maritime Executive
Two new reports released this week call attention to the dangers of bribery and corruption in global supply chains and their links to modern day slavery. Modern Slavery and Corruption and An Exploratory Study on the Role of Corruption in International Labour Migration provide a snapshot of the extent and global spread of corrupt practices, the ways in which they interact with myriad forms of exploitation and the impact of legislation put in place to curb both.
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China 2 09

Chinese Unit of Amazon Wants to Enter Ocean Freight Forwarding

January 20, 2016
Maritime Executive
Amazon.com's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.
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Retail Trade Group Wants to See Detailed U.S. Seaport Performance Reports Authorized

January 19, 2016
Maritime Executive
Following up on last fall's successful campaign to include a port performance statistics program in the federal long-term surface transportation bill, the National Retail Federation now leads a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation.
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Taxes 2 03

Ocean Shipping Industry Should Be Taxed on Carbon Output, IMF Urges

January 15, 2016
Maritime Executive
A report released this week by the International Monetary Fund (IMF) states that carbon taxes should be levied against the shipping industry.
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2015 Saw Record Number of Containers Vessels Lying Idle

January 12, 2016
Maritime Executive
The global idle containership fleet hit a record high in 2015 reaching nearly six times that of the start of that year.
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MSC Among Latest Western Companies to Resume Business With Iran

January 8, 2016
Maritime Executive
European shipping and offshore interests are pursuing business in Iran with news this week that MSC Mediterranean Shipping Company has resumed vessel operations to Iran, after services were suspended in 2012 in response to trade sanctions.
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Chinese Yards Help Iran Build Its Merchant Marine Fleet

December 21, 2015
Maritime Executive
Iran's Islamic Republic of Iran Shipping Lines (IRISL) has announced plans to order new 18,000 TEU (Triple-E type) container vessels from Chinese yards, according to Iran's Press TV.
Read More
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