IMO backs fair treatment training

The IMO’s Technical Co-operation Committee (TCC) has approved the development of training material that aims to better implement seafarer fair treatment guidelines.
The decision comes in response to a request from Seafarers’ Rights International (SRI) last month for the IMO to provide technical

Newbuilding orders decline in May

Newbuilding orders continue to decline in April 2015 as freight rates for bulkers and LNG carriers remain sluggish.
Statistics compiled by Greek broker Golden Destiny showed that 113 ships were ordered in May, down from 134 in April and 158 in May 2014.
Only 11 bulkers totalling 447,400 dwt were