Large-scale bathymetry operation took place in North Atlantic Ocean

Fugro informed that it contributed over 110,000 square kilometres of high-resolution bathymetry data in the North Atlantic Ocean, in order to help improve the quality and coverage of seabed mapping in the region.

The dataset was delivered to two additional programs: the Atlantic Ocean Research Alliance (AORA) and The Nippon Foundation-GEBCO Seabed 2030 Project (Seabed 2030).

As is common across the world’s oceans, much of the Atlantic lacks the modern bathymetry data needed to properly...

Hong Kong joins arrangement for aid of arbitrations

Steampship Mutual’s Rohan Bray, Director Eastern Syndicate, Hong Kong Office, reports that the Hong Kong Government and Supreme People’s Court of the People’s Republic of China signed up to an arrangement which will mean each can make and enforce orders in aid of arbitrations conducted in the other jurisdiction.

To make it official, the Arrangement Concerning Mutual Assistance in Court-ordered Interim Measures in Aid of Arbitral Proceedings by the Courts of the Mainland and of the Hong Kong...

WISTA MED 2019 to discuss shipping in the Mediterranean

WISTA MED 2019 to discuss shipping in the Mediterranean
Key players from the Greek and international shipping community will come together for the WISTA MED 2019 Conference at the Costa Navarino Hotel in Pylos. The Conference will take place from 23 to 25 May.

The theme of the conference will be ‘Turbulence or fair winds in the Med’, and it will be discussed and analyzed by four panels of industry experts. Delegates will be welcomed by Angie Hartmann, on behalf of the Board of WISTA Hellas.

Taking place every two years, the WISTA MED Conference is a...

Hamburg Süd christens polar class ship in Antwerp

Hamburg Süd announced that it christened the ‘Polar Ecuador’ container ship in Antwerp. The ship belongs to a group of four structurally identical vessels in the ‘Polar’ class that have been built for Hamburg Süd by the Chinese shipyard Jiangsu New Yangzi Shipbuilding.

‘Polar Ecuador’ features a total length of 230 meters and a width of 37.30 meters, while it also offers a container storage capacity of 3,800 TEU and is equipped with 1,000 reefer plugs.




Trade weakness continues into second quarter, WTO reports

Trade weakness continues into second quarter, WTO reports
World trade growth is possible to remain weak into the second quarter of 2019, according to the WTO’s latest World Trade Outlook Indicator (WTOI), released on 20 May. The new WTOI reading is 96.3, exactly as it was in the previous release in February 2019, maintaining the weakest level since 2010.

The latest WTOI is still well below the baseline value of 100 for the index, indicating continued falling trade growth in the first half of 2019. It should be noted that the WTOI does not reflect some...

China: No deal has been agreed with the US

China’s Foreign Ministry Spokesperson Lu Kang has declined claims by US President Donald Trump that the two countries had made a deal to stop the trade war. During a Press Conference, Lu Kang mentioned that he is not aware of the deal that the US is talking about.

Lu Kang received a question saying that on May 17, US President Trump said that the two sides actually had a deal, but China broke it.

Commenting on this claim, Mr. Kang responded:

I am not sure what “deal” the US side was referring to....