seafarertimes.com ~ Maritime News for Filipino Seafarers

Shipping's financiers turning the tide on shipbreaking practices
Jonathan Saul, Simon Jessop 15 May 2018

LONDON (Reuters) - The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand.

Now, it is being called to account from a quarter that may have a bit more clout - its financial backers.

Norway’s $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach.

The reason shipping costs are skyrocketing
Nathaniel Meyersohn May 14, 2018 http://money.cnn.com/2018/05/14/news/companies/truck-drivers-freight-cos...

The biggest companies in America face the same dilemma: A truck driver shortage is squeezing profits.

Explosion Damages Turkish Bulker Off Yemen
2018-05-11 https://www.maritime-executive.com/article/explosion-damages-turkish-bul...

On Thursday, Saudi coalition forces reported that the Turkish bulker Ince Inebolu suffered an explosion of unknown cause while anchored about 70 nm off the port of Hodeidah, Yemen.

Japan Catches Up With Shipping Consolidation
Costas Paris and Chieko Tsuneoka May 11, 2018 https://www.wsj.com/articles/japan-catches-up-with-shipping-consolidatio...

MOL, K-Line and NYK Line pump $3 billion into Ocean Network Express, which is now world’s sixth-largest container operator

Worker injured while unloading cargo from ship at Port of Wilmington
Josephine Peterson May 12, 2018 https://www.delawareonline.com/story/news/crime/2018/05/12/ship-crew-mem...

U.S. Fines Cargo Ship Operator $1 Million for Polluting Waters
By Erica E. Phillips May 11, 2018 https://www.wsj.com/articles/u-s-fines-cargo-ship-operator-1-million-for...

Penalty for oily discharge from Japanese vessel is latest in crackdown on ‘magic pipes’ and other devices meant to avoid environmental rules

UN Seeks Insurers' Help to Combat Sanctions-Busting
2018-05-11 https://maritime-executive.com/article/un-seeks-insurers-help-to-combat-...

The United Nations Security Council is reaching out to marine insurers and oil traders to help combat North Korea's sanctions-busting efforts.

The Maritime Labour Convention – theory and practice
12/05/2018 https://www.hellenicshippingnews.com/the-maritime-labour-convention-theo...

Fire rips through tug and container ship
Martyn Wingrove 11 May 2018 http://www.osjonline.com/news/view,fire-rips-through-tug-and-container-s...

A week of fires on ships and workboats has led to damage and injuries. A tug operating on the Mississippi River in the US caught fire while pushing barges, forcing the crew to evacuate.

On the other side of the world, fire ripped through a container ship moored in Japan also driving crew to be evacuated.

Top container shipping lines reviewing Iran operations
Jonathan Saul 11 May 2018 https://www.reuters.com/article/us-iran-nuclear-shipping/top-container-s...

LONDON (Reuters) - The world’s top two container shipping groups Maersk Line (MAERSKb.CO) and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.