Ghana in drive to boost maritime traffic flow

The Deputy Minister of Transport has appealed to agencies to boost the flow of maritime traffic from ports through Ghana’s transit corridors, in a recent workshop organised by the Ghana Maritime Authority in collaboration with the International Maritime Organisation. Madam Dzifa Aku Attivor, Deputy Minister of Transport, has pushed for the implementation of electronic data […]

Sri Lanka sets sights on becoming major shipping hub

A new government plan for Sri Lanka’s maritime sector has been pushed for as the country is realising the port of Colombo’s potential to become a reliable maritime and logistics hub in Southeast Asia. Sujeewa Samaraweera, Chairman of the Ports and Shipping Committee of the National Chamber of Commerce of Sri Lanka (NCCSL), said Sri […]

A.P Moller-Maersk Group reveals 9% reduction of CO2 emissions

Tackling the challenges of global climate change head on, the A.P. Moller-Maersk Group has revealed a 9% drop in CO2 emissions in 2008 compared with the preceding year, through its widespread adoption of environmental strategies. Representing a fall of 5 million tonnes of CO2, lower fuel consumption on ships and reduced flaring from platforms are […]

Globe Wireless launches cost-effective communications solution

Globe Wireless has released a brand new enhanced GSM system to provide onboard communications at significantly reduced rates for crew members. Its new GlobeMobile solution is not just a standard GSM system but “a way to use GSM as an interface method to access ship’s communications systems.” Resulting in considerably improved services at much lesser […]

Ship suppliers hurt by late payments

Late payment, and in some cases the non-payment of ship supply invoices, is a growing concern for ship chandlers in the world’s ports and is a focus of attention for the new Presidency of the International Ship Suppliers and Services Association (ISSA). Not only does it affect the financial stability of what are in many […]

Morgan Stanley fund to invest in shipping

Morgan Stanley is to set up an opportunity fund to take advantage of the global downturn in shipping by investing up to $400m (£267m) in dry bulk and container ships. According to press reports over the weekend, the bank is working with two Greek shipping organisations to create the debt fund which will target distressed […]