22th February 2015

 

Ships in trouble

 

M.V. Laura

The cargo vessel Laura encountered a fire in the engine room on 19th February 2016 during its journey on the Rhine river near Duisburg-Homberg.  The fire was extinguished on arrival at its destination

M.V. Pride of Hull

18 suspected illegal migrants have been found in the back of a lorry from the above vessel. The vessel was travelling from Rotterdam to Hull and the driver of the lorry has been arrested on suspicion of facilities illegal immigration.

 M.V. Titan 2 

Mexican prosecutors have ordered a seized ship which belongs to a Crimean company to be returned to the Ukraine.  The owners of the ship a Mexican company went bankrupt  which caused the vessel to be seized

Company News

 

Maersk  -  M.V. Sofie Maersk

 

 

 

Maersk Line's AC3 network provides customers with a faster connection from Central Merica, Caribbean and the West Coast of South America to Yokaohama. The service includes both dry and reefer cargo.

Trade News

 

Israel says freeze on EU peace role is over

(JERUSALEM) - Prime Minister Benjamin Netanyahu and the EU foreign policy chief held talks Friday, in effect ending a freeze on talks with the bloc on the Israeli-Palestinian conflict, the foreign ministry said.

Ministry spokesman Emmanuel Nahshon told journalists that the EU's Federica Mogherini said the European Union's November decision to label goods imported from Jewish settlements "does not prejudge the outcome" of the conflict.
"The conversation resolved the tensions and we are, Israel and the EU, back to good and close relations," Nahshon wrote in an English-language comment on social media.
On November 11, Netanyahu, who is also foreign minister, ordered the freeze in response to an EU directive to member governments to label settlement produce imported to Europe as such rather than "Made in Israel".

US-backed peace talks between the Palestinians and Israel collapsed in April 2014 after nine months of fruitless meetings amid bitter recriminations.
A wave of violence which erupted on October 1 has claimed the lives of 26 Israelis, as well as an American, a Sudanese and an Eritrean, according to an AFP count.

China's Industrial overcapacity is damaging global economy.

China's overcapacity in heavy industries is wreaking "far-reaching" damage on the global economy, with steel production "completely untethered" from market demand, the European Union Chamber of Commerce in China said Monday.

EU hits China with a new steel anti-dumping probes

The EU launched new probes on Friday into imports of Chinese steel, warning it would not allow "unfair competition" to threaten Europe's industry already crumbling under a flood of cheap imports.

 

Georgia to build $2.5bn Black Sea port on China's Silk Road

 

Georgia on Monday announced plans to build a new deep-water Black Sea port in a $2.5-billion project that aims to boost trade between China and Europe along the historic Silk Road route.

19th February 2016

Vessel News

 

M.V. Sun Aries

 

 

Independent tank storage company Vopak Monday announced it has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island

 

M.V. Costa Concordia 

Deck 0 is being about to be exposed as dismantling continues on the "Costa Concordia". About 200 technicians are working on the wreck

M.V El Faro

The federal hearing into the loss of the "El Faro" and its crew of 33 opened on Feb 17 and is focusing on the age of the vessel as a popssible cause.

M.V. Km Linasbelawan

The vessel caught fire on the 17th February off the Maselembo island in the Jarva Sea. All 19 crew were taken on board a lifeboat.
 

Port News

 

Port of Tauranga

The port is now ready to accept larger ships as it s sees a growth in container and diary export volumes

M.V. Cosco Europe

The vessel was hit whilst berthed by a drifting boxship caused by strong winds as the m.v. Johanna broke the moorings 

 Port of Wenzhou

The government in Zheijian have commenced preliminary works to intergrate three ports  Jiaxing, Wenzhou and Taizhou ports with to other major ports Nigbo and Azhousan port who have already completed a merger in 2015

 Trade News

 

 Israel says freeze on EU peach role is over.

Ministry spokesman Emmanuel Nahshon told journalists that the EU's Federica Mogherini said the European Union's November decision to label goods imported from Jewish settlements "does not prejudge the outcome" of the conflict.


The conversation resolved the tensions and we are, Israel and the EU, back to good and close relations," Nahshon wrote in an English-language comment on social media. 
 

ATR Signs EUR 1.0bn planes deal wih Iran

European manufacturer of turboprop aircraft ATR said Monday it had signed a one-billion-euro deal with Iran Air for up to 40 planes after the dropping of US sanctions against Iran.

 

EU delays decision on China market economy status

The EU on Wednesday said it would wait until later this year to decide if China should finally be considered a real market economy, a status keenly sought by Beijing that would make it harder for Europe to limit its cheap exports.

EU - Vietnam Free Trade Agreement: AGreed tect as of January 2016

The text of the EU-Vietnam Agreement is made public here exclusively for information purposes. The text presented in this document is the text at the end of the negotiations conducted by the European Commission. It will be subject to legal revision in order to verify the internal consistency and to ensure that the formulations of the negotiating results are legally sound. It will thereafter be transmitted to the Council of the European Union and to the European Parliament for ratification. The text presented in this document is not binding under international law and will only become so after the completion of the ratification process.

 

 

17th February 2016

Trade News

 

 

European Commission - Press release Brussels, 16 February 2016 The European Commission has approved under the EU Merger Regulation the acquisition of Procter & Gamble's beauty products businesses by Coty. The Commission concluded that strong independent players would remain active in all the concerned markets. 

Company News 

Costco's Net Loss is at $407.6 m for 2015

Cosco Corporation (Singapore) Limited, a Singapore-listed ship repair and marine engineering and shipping group, recorded a net loss of SGD 570 million (USD 407.6 million) in 2015, compared to a net profit of SGD 20.9 million (USD 14.9 million) in 2014
.
Cosco’s turnover decreased by 17.4 percent to SGD 3.5 billion in 2015 from SGD 4.3 billion in FY 2014 owing to a decrease in shipyard and shipping revenue.

APL

 
Mega-containership APL Vanda ran aground at Bramble Bank, in Southampton Water, the UK, following a loss of power on Saturday evening, February 13th.

APM Terminals

APM Terminals Pipavav welcomed the IDM Symex car carrier, which arrived with a cargo of 800 Hyundai cars loaded at the Port of Chennai on February 5th, in a pioneering use of coastal transportation of Indian-manufactured automobiles.

Trade Sanctions

• Chemical Weapons Convention guidance
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Useful Links

 HMRC Link

OSCE

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Bunker fuel