by CanadianSailings | Oct 31, 2016 | Other
By Gavin van Marle The heavylift, project cargo and multipurpose shipping sector is set for another two years in the doldrums, according to a new report from Drewry Maritime Research. Describing the past quarter as one of “the worst the multipurpose and project...
by CanadianSailings | Oct 31, 2016 | Bruce Striegler, Ocean, Other
By R. BRUCE Striegler “The autopilots aboard Canada’s Victoria-class submarines are 1970’s vintage technology. They’re still fully functional, however, it’s a matter of maintainability.” David Milan, Group Leader, Electronics, Ocean, Coastal and River Engineering at...
by CanadianSailings | Oct 31, 2016 | Business and Economy, Other
By Mike Wackett In better news for ocean carriers, there seems to be emerging evidence that mid- and longer-term contract rates are firming up, post-Hanjin. In the past weeks, the Shanghai-Europe legs of the Shanhai Containerized Freight Index (SCFI) gave back all of...
by CanadianSailings | Oct 31, 2016 | Ocean, Ocean Carriers, Other
By Alex Lennane Shippers and forwarders could face multi-million-dollar bills from Hanjin if its creditors sue customers which failed to deliver all the cargo stated in the Minimum Quantity Commitment (MQC) they committed to. According to consultancy SeaIntel,...
by CanadianSailings | Oct 31, 2016 | Business and Economy, Ocean, Ocean Carriers, Other
By Mike Wackett in Busan, South Korea All the talk at the World Ocean Forum (WOF) last week in South Korea is of its two major companies that are both struggling. As the event starts in Busan, the country is striving to repair the damage from the collapse of its...
