WORLDWIDE MARITIME NEWS (XVII)

1.-EGYPT: NEW SUEZ CANAL

Egypt is planning to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multibillion dollar project to expand trade along the fastest shipping route between Europe and Asia. This project will increase the capacity from 49 to 96 vessels and reduce from 11 to 3 hours the waiting time.

 

WORLDWIDE MARITIME NEWS (XVI)

1.- PORT STATE CONTROL: 2013 ANNUAL REPORT
 
The Paris MOU "White, Grey and Black Lists", the worldwide index for flag perfomance, has just been published.  The introduction of the New Inspection Regime in 2011 has had an impact on the 2013 figures.
With 1.188 inspections and 154 detentions the ships flying a "black listed flag" score a detention rate of 12,96%. For ships flying a "grey listed flag" the detention rate was 7,64%. And for ships flying a "white listed flag", 2,88%.
The deficiencies in certificate and documentation, fire safety, safety of navigation and working and living conditions accounted for approximately 55% of the total number of deficiencies.
Spain, that contributed to 1.554 inspections out of 17.687, is ranked 41 on the "white ist" out of 46, while France has been placed highest on it in terms of performance.

WORLDWIDE MARITIME NEWS (XV)

1.- CMA CGME DANUBE: ENTRY INTO SERVICE
 
 
The container ship CMA CGM DANUBE, of the CMA CGM Group, built in the chinese shipyard Dalian Shipbuilding Industry Company (DSIC), has just entered into service. Registered in Malta, of 300 metres in length and 48 metres in breadth, she has been leased to China International Marine Containers (CIMC). She will be joining Asia to Turkey and the Black Sea.

WORLDWIDE MARITIME NEWS (XIV)

1.- EUROPEAN COMMISSION: EXTENTION OF BLOCK EXEMPTION REGULATION

The European Commission has just extended the effective period of the consortia block exemption regulation (BER) for an additional period of five years until April 2020. This exemption affecting the liner shipping industry -an industry that contributes with more than 65 billion USD yearly to the economy of the EU- provides legal certainty to carriers and transparency to the shipping sector.
 

WORLDWIDE MARITIME NEWS (XIII)

1.- SHIPPING INVESTMENTS: CALL OFF 2014 SHIPPING REBOUND
 
According to a survey of development in shipping and offshore companies in the first quarter 2014, the growing orderbooks combined with the declining rates and prices in recent weeks make numerous investors doubt whether the expected, gradual shipping rebound in 2014 will come to pass.