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28/03/2011 - 03/04/2011

  MSC is now world's biggest shipping line    *New

MSC has overtaken Maersk Line to become the world's biggest shipping line, in terms of vessel capacity.  more

 Other News

US considers authorising global 'trusted shipper' scheme      *New

US officials are in talks airlines, maritime groups and allied security services on establishing a global vetting system for international cargo, says Homeland Security Secretary Janet Napolitano, reports The Associated Press. more
 
Intra-Asian Trade to Sustain Growth 
Asian container exports to the West will take up to five years to recover after last year's market plunge...  more
 

More container ships to be
laid up

The number of idle containerships is expected to rise by the end of the year as the carriers' winter deployment programmes kicks in.  more
 
ASEM-8 leaders favour more sharing of intelligence inputs to curb sea piracy 
Taking a serious view of the growing menace of piracy at sea, the world leaders who converged here for the 8th Asia-Europe meet summit, on Tuesday...  more
 

Energy efficiency measures for ships

With effect from 1 July 2010, the Air Waybill (AWB) Conditions of Contract (IATA Resolution 600b) have been changed to harmonize the application of the Montreal Convention liability limit for all air cargo across all routes.  more

 
Singapore Sets Up Maritime Institute
The maritime education, training and Research and Development (R&D) landscape in Singapore is set to benefit from two new initiatives.  more
 

Tanker Shipping: Tanker markets in limbo    

EIA has revised their oil demand forecast upwards for 2011. Global oil demand in 2011 is now expected to rise by 1.3 million barrels per day (MB/day) to 87.8 MB/day assuming consensus trends in the global economy, crude prices development and possible efficiency gains.  more
 
 
TSA wants shippers to provide pre-departure air cargo data sooner       *New
The US Transportation Security Administration (TSA) is working with US Customs to secure more pre-departure air cargo information sooner than now required, TSA administrator John Pistole recently told the congressional committee on transportation security. more
 

ICC launches New INCOTERMS

The International Chamber of Commerce (ICC) has recently announced the launch of new rule changes to Incoterms® 2010.  more
 

Carriage of Solid Bulk Cargoes – new mandatory Code 

The past 7 years have seen a number of reported cases where crews and their ships have been put at risk or have suffered harm...  more
 

MMHE IPO Oversubscribed Five Times

Malaysia Marine & Heavy Engineering Holdings Bhd. received demand for at least five times the stock on offer in its $660 million initial public offering, according to two people with direct knowledge of the matter.  more

 
World Maritime Day: Year of the Seafarer
September 23 marked the 33rd celebration of World Maritime Day, the annual occasion when the International Maritime Organization (IMO) leads the world in highlighting a key issue for the Organization and the shipping industry.  more
 

Inefficient Supply Chain Management Costs India USD65 Billion per year 

A report by the Confederation of Indian Industry (CII) and Amarthi Consulting has surmised that $65 billion is lost each year on account of the inefficient supply chain infrastructure in India.  more

 

IATA standardizes cargo
liability
      

With effect from 1 July 2010, the Air Waybill (AWB) Conditions of Contract (IATA Resolution 600b) have been changed to harmonize the application of the Montreal Convention liability limit for all air cargo across all routes.  more

 

   

         

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