SERVICES

Regulation

A 4 million dollars fine to D’Amico Shipping
China to increase trade with Eastern Europe
Malaysia ratifies FAL Convention

Malaysia ratifies FAL Convention

Kuala Lumpur - Malaysia has ratified the IMO treaty enhancing communication between ships and ports to help shipments move more quickly. This brings the number of contracting States to the Convention on Facilitation of International Maritime Traffic (FAL Convention) to 123

CMA CGM completes public tender for CEVA

CMA CGM completes public tender for CEVA

Marseillle - Following the close of the public tender offer launched on 12 February 2019, the CMA CGM Group announced today that it will hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for 16 April 2019

IMB: global piracy drops by 42% in Q1 2019

IMB: global piracy drops by 42% in Q1 2019

London - The first quarter of 2019 saw fewer incidents of piracy and armed robbery against ships, compared to the first three months of 2018, a report shows, According to the report issued by the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB)

China wants to ban bitcoin mining

China wants to ban bitcoin mining

Shanghai - China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector

Piraeus Port Authority shows good 2018 results

Piraeus Port Authority shows good 2018 results

Piraeus - The annual briefing to the Hellenic Republic Asset Development Fund (HRADF)of the results of Piraeus Port Authority SA for the year 2018 took place at the headquarters of PPA S.A. in the presence of the CEO of PPA S.A. Captain Fu Chengqiu and Angelos Karakostas, Deputy CEO

Djibouti orders to pay DP World $530M

Djibouti orders to pay DP World $530M

Djibouti - A court in London has awarded global ports operator DP World $385 million in compensation for the government of Djibouti’s decision to shut it out of previously-agreed development opportunities. When adding in unpaid royalties, the total award comes to $533 million

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