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  • info lily-shipping
    Dear Sir Good day, We have the honor to welcome shipping companies, shipping agents, Ship management companies, Recruiting agents, honorable personality and related concerns to recruit Bangladeshi seafarers. Lily Shipping Limited day by day is emerging as a giant in the country’s maritime market providing world standard seafarers for the safe and secure operation of a wide range of ships worldwide. Bangladeshi seafarers are of relatively high standards in proficiency, hardworking and able to understand various languages up to the required standards. They are well behaved, obedient, trustworthy, nonalcoholic and possess a high moral courage. They are content with reasonable wages. Crew Manning All types of crew sourcing and recruitments. Crew Welfare Our Company is quite aware about the welfare of its crews. We have the required knowledge and experience about the maritime labor laws, Maritime labor Convention MLC 2006 and international labor law (ILO) as well. We concentrate not only on the welfare of the crew members but also their family prospects and necessities. We stay close and connected with the government semen and labor welfare directorate to ensure their rights and necessities. Your kind Co-Operation will be Highly Appreciated. Thanks
    2021-06-29 09:03:17
  • PortDA
    Hi Sabashipping this is new user enquiry for my good vessel
    2021-08-05 17:06:06
  • PortDA Admin
    hello agent
    2021-08-22 19:33:51
  • PortDA Admin
    hi
    2021-08-22 20:05:59
  • PortDA
    Hi this enquiry is for Saba Shipping
    2021-08-22 20:07:12
  • PortDA
    Hi this enquiry is for Saba Shipping
    2021-08-22 20:07:34
  • PortDA Admin
    test
    2021-08-22 20:16:13
  • PortDA Admin
    2021-08-22 20:24:48
  • PortDA Admin
    test
    2021-08-22 20:28:53
  • PortDA Admin
    hello sir
    2021-08-24 15:13:48
  • PortDA Admin
    hello sir
    2021-08-24 15:16:47
  • PortDA Admin
    test msg
    2021-08-24 15:45:35
  • PortDA Admin
    hi there
    2021-08-24 15:49:37
  • PortDA Admin
    ......
    2021-08-24 15:56:07
  • PortDA Admin
    12345
    2021-08-24 16:05:58
  • PortDA Admin
    12345
    2021-08-24 16:06:51
  • PortDA Admin
    retest
    2021-08-24 16:09:52
  • PortDA Admin
    retest
    2021-08-24 16:10:05
  • PortDA Admin
    test msg
    2021-08-24 16:12:45
  • PortDA Admin
    hello
    2021-08-24 16:16:38
  • PortDA Admin
    test msg
    2021-08-24 16:20:16
  • 2021-12-13 01:02:13
  • 2021-12-13 01:02:23
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  • 2021-12-13 01:03:24
  • 2021-12-13 01:03:28
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  • 2021-12-13 03:44:07
  • bab al ugsa
    I would like to know more details
    2022-04-06 13:04:56
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Recent News

IMO Calls for Action To Counter Piracy in the GoG

Enhanced cooperation and implementation of best practices needed to avoid, deter and report attacks threatening ships and crew. Implementation of Best Management Practices on ships as well as good coordination onshore can help deter and resolve attacks on ships. IMO Secretary General Kitack Lim has ....

Mfame Published 4y-10mo-2d-2h-18m ago

Surging Ocean Cargo Demand Fuels $10b Spree for New Vessels

Trend to continue as carriers eye replacing older vessels. Order book rebounds from a more than 30 year low in 2020. Few of the world’s largest container shipping lines are ordering new vessels amid surging demand for ocean cargo services, giving a long awaited boost to the outlook for shipyards i....

Mfame Published 4y-10mo-2d-3h-18m ago

What Does Force Majeure Do If It Is Declared?

The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure, says an article published in Bimco. Contract Termination....

Mfame Published 4y-10mo-2d-3h-18m ago

Poor Bridge Management Leads To LPG Tanker Hitting Wharf

A National Transportation Safety Boa rd Marine Accident Brief says that an 83,000 cubic meter LPG tanker struck a Washington State wharf on December 15, 2019, because the pilot approached with excessive speed and at too steep an angle, resulting from poor bridge resource management by the pilot and ....

Mfame Published 4y-10mo-2d-4h-6m ago

FOBAS Alerts on Off-spec Sediment Bunker Fuel from Singapore

FOBAS proceeded on testing a number of samples from Singapore, which were ordered as ISO F RMG380 grade. Fuels with high sediments can result in excessive sludge deposition in tanks and throughout the handling and treatment/fuel injection systems. In addition, when using this kind of fuels, it will ....

Mfame Published 4y-10mo-2d-4h-34m ago

BIMCO Promotes JIT Arrival Concept for Efficient Shipping

BIMCO new clause will promote JIT arrival concept in the bulk sector for efficient shipping. The new clause creates a contractual framework to overcome the primary obstacle to just in time arrivals. JIT Arrival Clause for Voyage Charter Parties gives charterers the right to ask owners to optimise th....

Mfame Published 4y-10mo-2d-4h-52m ago

The 2021 ICS Leadership Insights Highlights Cyber Risk Management

Shipping has taken important steps in cyber security, but leaders must continually address cyber risks that are unique to their organisations and operating environments, reports International Chamber Of Shipping. 2021 ICS Leadership Insights This was a clear message from all speakers at the latest I....

Mfame Published 4y-10mo-2d-9h-45m ago

DNV GL Updates Its GRAB Notation

DNV GL updates its GRAB notation for cargo hold reinforcements that will save owners money, says an article published on their website. GRAB notation  In response to technical advances resulting in lower weight bulk cargo grabs with reduced damage potential, DNV GL has revised its GRAB notation for....

Mfame Published 4y-10mo-2d-12h-53m ago

Weekly Bulk Report – Week 6, 2021

The Baltic Briefing has released a report about the dry bulk market for the 6th week of shipping activities of this year. The report dated 12th January highlights the dry bulk market conditions at the on sight of the 6th week. Capesize The market was predictably quiet by the end of the week with man....

Mfame Published 4y-10mo-2d-13h-11m ago

Weekly Tanker Report – Week 6, 2021

The Baltic Briefing has issued the tanker report for the 6th week of this year. The report dated 12th February 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities. VLCC VLCC sector seems quiet ahead of the Chinese Lunar New Year Holiday.....

Mfame Published 4y-10mo-2d-16h-24m ago

[Watch] Cargo Ship Engine Room Fire

A general cargo ship suffered fire in the engine room on Feb 8 in Caspian sea, while en route from Baku to Aktau, reports Maritime Bulletin.  What happened According to the report from the master, funnel insulation cover was the source of the fire.  Ship disabled Fire was extinguished by sealing ....

Mfame Published 4y-10mo-2d-16h-36m ago

ICS Leadership Insights Dialogues On Cyber Security

Shipping has taken important steps in cyber security, but leaders must continually address cyber risks that are unique to their organisations and operating environments. This was a clear message from all speakers at the latest ICS Leadership Insights dialogues on 10 February 20201, focusing on cyber....

Mfame Published 4y-10mo-2d-18h-47m ago

ECSA Mandates Bunker Suppliers To Sell Zero-carbon Fuels

Industry body the European Community Shipowners amp 8217 Associations ECSA has recommended that the EU makes it mandatory for bunker suppliers to sell zero carbon fuels as it starts to charge the shipping industry for its carbon emissions, reports Ship amp 38 Bunker. Making Zero carbon fuels ....

Mfame Published 4y-10mo-3d-2h-18m ago

MAN ES Two-stroke Business Hits Major Milestone

MAN Energy Solutions’ Two Stroke Business has surpassed 1,000 orders for Tier III compliant, emission reduction technology for its portfolio of MAN B amp 38 W branded, low speed engines, reads the company press release. Tier III requirements Under the Tier III standard, NOx emissions must be redu....

Mfame Published 4y-10mo-3d-2h-37m ago

Singapore Updates COVID Protocols on Crew Change & Repatriation

The Maritime and Port Authority of Singapore, in their recent circulars, has updated the  requirements for sign off crew from ocean going cargo ships that require COVID 19 pre departure testing in Singapore. Updated requirements MPA notes that some countries require traveller amp 8217 s to take a ....

Mfame Published 4y-10mo-3d-3h-15m ago

Wärtsilä To Provide Predictive Maintenance for Siem Offshore Vessels

The technology group Wärtsilä has signed a Wärtsilä Optimised Maintenance Agreement covering two offshore Well Intervention Vessels owned by Norway based Siem Offshore, reads the company website. Optimization of fuel consumption  The 5 year agreement will ensure the optimal maintenance required....

Mfame Published 4y-10mo-3d-3h-33m ago

With Severe Piracy Attack Highlights, ECSA Launches New Security Concept In Gulf Of Guinea

The European shipping industry welcomes the EU’s political commitment to a first pilot of the new Coordinated Maritime Presences CMP concept in the Gulf of Guinea off the coast of West Africa, but cautions that the situation remains very precarious for European and international merchant vessels....

Mfame Published 4y-10mo-3d-4h-21m ago

The First-All Electric Vessel To Be Launched In Tokyo Next Year

According to an article published in IEEE Spectrum, a new ship powered only by lithium ion batteries is coming to Japan’s coastline and the 60 meter long tanker will be the first all electric vessel of its kind when it launches in Tokyo Bay next year, its developers say. The e5 Vessel The “e5....

Mfame Published 4y-10mo-3d-5h-12m ago

Maersk Posts Optimistic 2021 Outlook Despite Sizeable Bottleneck

Container shipping firms are locked in a “significant bottleneck” as resurgent global demand stretches capacity and drives up freight rates, Maersk CEO Soren Skou told CNBC Wednesday. amp 8216 A challenging quarter amp 8217 Maersk, the world’s largest container shipping firm, missed its ow....

Mfame Published 4y-10mo-3d-8h-17m ago

Tensions Continue To Rise With The Deteriorating Security In The Gulf Of Guinea

The recent news headline said it all: “Pirates kidnap 15 Turkish sailors in attack on container ship” off the Nigerian coast in the Gulf of Guinea. A vast maritime zone of 2.3 million square kilometers and 5700 kilometers of coastline with considerable economic wealth, the Gulf of Guinea has rec....

Mfame Published 4y-10mo-3d-8h-18m ago

Technical Report on Ammonia Fueled Ships Shows Potential

According to a Cyprus Shipping News article, the Korean Register KR has published a technical report outlining the safety regulations and resulting design implications for ammonia fueled ships. The report provides essential information for industry stakeholders such as shipowners, shipyards, and e....

Mfame Published 4y-10mo-3d-9h-18m ago

California Box Ship Traffic Jam Shows the Scope of the Region

A newly released U.S. Coast Guard video offers visceral proof of just how extreme the congestion has become at the ports of Los Angeles and Long Beach, reports Freight Waves. The new view from above reveals a vast armada of container ships scattered at anchor across California’s San Pedro Bay. The....

Mfame Published 4y-10mo-3d-9h-30m ago

SSI Published White Paper To Reduce Carbon And Improve Sustainability

The Sustainable Shipping Initiative SSI on 8 February published a white paper setting out sustainability issues and principles surrounding marine fuels under consideration for shipping’s decarbonisation, says an article published in Manifold Times. The White Paper The paper, titled Defining sust....

Mfame Published 4y-10mo-4d-3h-56m ago

Seaspan Orders 10 Dual-fuel LNG Boxship Newbuilds

Seaspan announced its agreements with a major shipyard for 10 – 15,000 TEU dual fuel liquefied natural gas LNG containership newbuilds , says a press release published on their website.  LNG powered investment The ultra modern containerships are anticipated to begin deliveries in the first half....

Mfame Published 4y-10mo-4d-4h-6m ago

ONE’s Biofuel Trial Hailed As Successful

Ocean Network Express ONE trials GoodFuels’s biofuel, says a press release published on their website. The 2 month trial The two month trial was carried out on the 4,803 teu MOL Experience. Bunkering was carried out at the port of Rotterdam in November. About the mixture During this first trial,....

Mfame Published 4y-10mo-4d-4h-12m ago

Hyundai FSO Vessel Design Secures ABS Approval

ABS has granted approval in principle AIP to Hyundai Heavy Industries’ HHI Group design for a floating storage and offloading FSO vessel that is intended for operations in Mexican waters, reports OE Digital. ABS compliance review The two million barrel cargo tank capacity design 2 MMbbl wa....

Mfame Published 4y-10mo-4d-7h-13m ago

EU Energy Majors Partner on Green Hydrogen Consortium

30 energy players initiate an integrated value chain to deliver green hydrogen across Europe at the price of fossil fuels. The ambition is to achieve 95 GW of solar and 67 GW of electrolysis capacity by 2030 to deliver 3.6 million tonnes of green hydrogen per year. Following two years of research an....

Mfame Published 4y-10mo-4d-7h-27m ago

RINA & SDARI Collaborate on First ‘Dual-fueled’ Tanker Design

RINA and SDARI have signed a Joint Development Project Agreement to develop a ship design capable of being fueled by either ammonia or methanol. SDARI will focus on the ship concept development and design while RINA will verify the compliance with the applicable rules, including those for the use of....

Mfame Published 4y-10mo-4d-7h-52m ago

ReCAAP ISC Reports 7 Armed Robberies in Asia

Seven incidents of armed robbery against ships were reported in Asia in January 2021, reports ReCAAP ISC. Incidents in the Singapore strait The ReCAAP ISC is concerned with the continued occurrence of incidents on board ships while underway in the Singapore Strait. In January 2021, three incidents w....

Mfame Published 4y-10mo-4d-8h-16m ago

[Watch] LPG Tanker Fire & Explosion

A LPG tanker under repairs at Samarinda PT Barokah Perkasa shipyard, East Kalimantan, Indonesia, reportedly caught fire, followed by an explosion, on Feb 11, reports Maritime Bulletin.  Did you subscribe to our daily newsletter It’s Free! Click here to Subscribe! Source: Maritime Bulletin The po....

Mfame Published 4y-10mo-5d-14h-59m ago

These Photos Capture Beautiful Moments Of Seafarers’ Lives At Sea

ITF Seafarers have created a photographic archive of crew members’ experiences at sea during this extraordinary time, with vivid impressions of what it is like to sail the oceans during the Covid 19 pandemic, reports South China Morning Post. Here is a selection of photos depicting the realities o....

Mfame Published 4y-10mo-5d-15h-56m ago

Failed Valve Caused An Oil Spill In Bay of Gibraltar

A valve problem on a bulk carrier anchored in British waters in the Bay of Gibraltar caused an oil spill on Friday, some which drifted into the harbour basin, says an article published in Gibraltar Chronicle. Spill Damaging Boats As boat marinas inside the harbour deployed booms to stop the spill da....

Mfame Published 4y-10mo-5d-16h-5m ago

Over-riding Issues Dealt in Maritime Transportation Sub-committee

A meeting of the Coast Guard and Maritime Transportation Sub committee discussed some of the important maritime issues. They include stevedores as key workers for vaccinations, queues of containerships on the US West Coast, and the country’s shipyards in focus. The sub committee within the House C....

Mfame Published 4y-10mo-5d-18h-8m ago

Extraordinary Sonar Images Map 2 Deadliest Shipwrecks in History

Survey ship HMS Echo has investigated shipwrecks at the heart of two of the greatest losses of life at sea in history, reports the Maritime Executive. Devonport based Echo has been on operations in the Baltic and recently studied the wrecks of Second World War vessels Wilhelm Gustloff and Goya. More....

Mfame Published 4y-10mo-6d-10m ago

MSC Unveils First ‘Humanoid’ Bartender

MSC Cruises has unveiled the first humanoid, robotic bartender that will debut on their newest cruise ship, reports Fox News. First humanoid bartender Rob, the first humanoid, robotic bartender at sea, will be the feature in the MSC Starship Club and exclusively on MSC Virtuosa. Rob will mix and se....

Mfame Published 4y-10mo-6d-51m ago

2020 Marked Highest Piracy Rates In 5 Years

Pirates have continued to launch attacks in the Singapore Strait, with three reported incidents last month in the 105km long stretch of water south of Singapore which serves as a key waterway for trade, says an article published in Straits Times. Increasing Piracies Last month amp 8217 s incidents ....

Mfame Published 4y-10mo-6d-2h-39m ago

BIMCO Urges Industry To Tackle Fake Contracts

BIMCO urges shipping players to help combat the industry’s often unknowing use of counterfeit copies of BIMCO forms, says a press release published on their website. Proof checking agreements In an effort to reduce risks and save time in proof checking agreements, BIMCO urges shipping players to h....

Mfame Published 4y-10mo-6d-9h-44m ago

Nautilus Urges Governments To Rethink on Quarantine Policy

Nautilus International, the trade union for maritime professionals, has urged the government to rethink its policy to refuse key worker seafarers from hotel quarantine, says an article published in Sea News. Mark Dickinson Comments ‘I am dismayed that the government has not followed its own policy....

Mfame Published 4y-10mo-6d-11h-25m ago

Ships Heading To China Hit 6 Month High

The number of oil tankers sailing to China, world amp 8217 s largest importer of crude oil, jumped to a six month high of 127 on Friday according to data from Bloomberg. It estimated that if fully laden, the vessels would deliver in excess of 250 million barrels, says an article published in Global....

Mfame Published 4y-10mo-6d-16h-11m ago

Asian Fuel Margin Hits 1 Year High Amid Clenching Supply

Supported by shrinking supplies and firm demand, Asian refiners amp 8217 profit from producing very low sulphur fuel oil VLSFO rose to a one year high this week, setting the stage for a trend that could persist throughout the year, reports Business World. Crude market tightness amp 8220 Tightn....

Mfame Published 4y-10mo-1w-2h-20m ago

Maersk Witness 6.9% Drop in Bunker Consumption Amid Pandemic

Logistics giant AP Moller Maersk saw a 6.9% drop in its bunker consumption last year as the COVID 19 pandemic hit container freight demand, reports Ship amp 38 Bunker. Plunging bunker consumption Maersk amp 8217 s total bunker consumption was 10.3 million mt in 2020, according to its annual repo....

Mfame Published 4y-10mo-1w-3h-38m ago

Yara Steps Into The Low-carbon Ammonia Sector

Yara is stepping into the low carbon ammonia sector, announcing a new division focused on green ammonia as a marine fuel and fertilizer, says an article published in Maritime Executive. Yara Clean Ammonia Svein Tore Holsether, President and Chief Executive Officer of Yara said, amp 8220 I am . . .....

Mfame Published 4y-10mo-1w-4h-5m ago

MOL Names New LNG Carrier To Import Clean LNG from USA

Mitsui O.S.K. Lines, Ltd. held the naming ceremony for an LNG carrier, ordered through a wholly owned subsidiary of MOL online on February 9, 2021, says a press release published on their website. The online ceremony The LNG carrier was named amp 8220 GAIL BHUWAN amp 8221 in the presence of Mr. ....

Mfame Published 4y-10mo-1w-4h-12m ago

BIMCO Urges IMO To Reconsider Draft Sewage Regulation 

Along with other international organizations and member states of IMO, BIMCO has asked the International Maritime Organization to reconsider its new draft sewage regulation. Together with a number of member states and international organizations, BIMCO has proposed that the IMO should reconsider the....

Mfame Published 4y-10mo-1w-4h-24m ago

Charterers To Go Picky Over New IMO Carbon Rules  

New efficiency standards to squeeze tonnage supply Charterers may embrace only efficient ships Onus on shipowners to face carbon conundrum Draft amendments to the International Maritime Organization amp 8217 s mandatory rules on reducing carbon in existing ships by 2023 are likely to result in new ....

Mfame Published 4y-10mo-1w-4h-26m ago

ABB Software To Improve Efficiency And Cut Fuel Consumption In Ships

Insights into ship’s operational data, amplified by Artificial Intelligence AI can help save up to 10 percent fuel and cut costs and unlocking the value of advanced analytics can increase vessel uptime and reduce essential service visits by up to 30 percent, says an article published in ABB. Dig....

Mfame Published 4y-10mo-1w-4h-33m ago

GEODIS Charters Boxships To Ease Ultra-tight Sea Freight Market

GEODIS, a leading global supply chain operator, provides its customers with guaranteed space in an ultra tight sea freight market from China to Europe. Vessel schedules Arrive Hamburg on 28th The first 1,000TEU1 capacity vessel, operated exclusively by GEODIS, is scheduled to arrive in Hamburg on 28....

Mfame Published 4y-10mo-1w-8h-11m ago

Sea Oil Petroleum Acquires Pro Fuels AS’s Trading Business

Bangkok based Sea Oil Public Company Limited’s Singapore subsidiary, Sea Oil Petroleum Pte Ltd, acquires Pro Fuels AS’s trading business and operations. As part of the acquisition, Sea Oil Petroleum AS has been established and the former Pro Fuels team will transfer as new employees to the compa....

Mfame Published 4y-10mo-1w-10h-13m ago

Young Seafarer Takes His Own Life Onboard An Asphalt Tanker

With express permission, it is with great sadness that Tanker Operator reports the tragic and premature death of a young seafarer onboard the MT SEA PRINCESS IMO 8607634 , an asphalt bitumen tanker owned by Global tanker Pvt Ltd India and operated by Prime Tankers UAE , which occurred on the after....

Mfame Published 4y-10mo-1w-10h-55m ago

Container Shipping Fiasco Puts A Continuance on Air Freight Service

Current modal shift from ocean to air by Seko Logistics is expected to continue as chaos in the container shipping industry is expected to continue beyond the Chinese New Year, reports Air Cargo News. Airfreight due to ongoing delays Seko Logistics chief growth officer Brian Bourke said that this ye....

Mfame Published 4y-10mo-1w-1d-2h-38m ago

[Answer] How Operators Can Protect Seafarers’ Health During COVID-19

An article in Safety4sea explains how ship operators can protect seafarers’ health during COVID 19. According to the ISM Code, ship operators are required to assess all identified risks to their ships and personnel and take the necessary measures. Therefore, shipping companies should develop plans....

Mfame Published 4y-10mo-1w-1d-3h-3m ago

Fujairah Oil Stocks 2 Month Low Over Category Shrinkage

Fujairah delivered 0.5% bunkers prices rose 7% in the week to Feb 9. Middle distillate stocks showed the biggest % drop. Light distillates stocks at a three week low. According to a Platts report, oil products stockpiles at the Port of Fujairah outside of the Strait of Hormuz in the Persian Gulf dro....

Mfame Published 4y-10mo-1w-1d-3h-44m ago

Rotterdam Won’t Allow Ships Without Bunkering License

In a major development, IBIA has come out in the support of Rotterdam bunker fuel transport license, reports Port News. Rotterdam is an important bunkering hub and any change in their fuel licensing will have a major impact on maritime trade. Bunkering Vessels Need License As of 1 February 2021, bun....

Mfame Published 4y-10mo-1w-1d-3h-48m ago

Glencore Faces $6m Claim From Maersk Over Off-spec Fuel

Container shipping giant Maersk has filed suit alleging that fuel supplied to it as part of an oil swap deal was contaminated. The suit filed seeks to hold commodities trader Glencore liable for supplying the off spec fuel to the company’s vessels. Maersk claims an approximate USD 6.1 million in t....

Mfame Published 4y-10mo-1w-1d-4h ago

Peninsula Completes Its First LNG bunkering

Peninsula Petroleum completed a record breaking first LNG bunker supply to its customer H Line in Malaysian waters, says an article published in OffshoreEnergy. First LNG bunker supply Peninsula Petroleum, in partnership with Petronas Marine, completed its first LNG bunker supply. Bulk carrier’s i....

Mfame Published 4y-10mo-1w-1d-4h-11m ago

China’s 5,000 Ton Patrol Rescue Ship Launched

A patrol ship in the Taiwan Straits, developed by the China Shipbuilding Industry Corp CSIC , held its launching ceremony, says an article published in Global Times. Largest maritime patrol rescue vessel  The patrol ship launched will become China amp 8217 s largest maritime patrol rescue vessel ....

Mfame Published 4y-10mo-1w-1d-4h-15m ago

Abandoned Seafarers Crew Ship Still Stuck Abroad After 4 Years

With nearly four years into their odyssey at sea, the five member crew of oil tanker MT Iba is tantalisingly close to shore and yet still unable to set foot on dry land, says an article published in Reuters. The Calm after the Storm Bleary eyed and wearing tattered clothes, the men are exhausted fro....

Mfame Published 4y-10mo-1w-1d-4h-28m ago

KaMin | CADAM To Levy Container Service Surcharge

CADAM SA announces a temporary container service surcharge of $300 per container on all export shipments effective February 10, 2021. KaMin amp 124 CADAM are implementing a variety of solutions to minimize delivery delays amid turmoil in the international freight markets. This temporary surchar....

Mfame Published 4y-10mo-1w-1d-9h-22m ago

RightShip Launches New Safety Score

Shipping risk management organization RightShip launched its new Safety Score and Platform says a press release published on their website.  About the old Qi platform RightShip’s old Qi platform has been made ‘read only’ and the Risk Rating removed, before Qi will go offline on February 15. A....

Mfame Published 4y-10mo-1w-1d-9h-46m ago

Ship Operators Seek Calmer U.S. Trade Waters

The global shipping industry is hoping that President Biden’s “America is back” declaration means the U.S. is returning to free trade principles, and away from Trump administration protectionist policies that often dragged ocean vessels into efforts to enforce sanctions, reports WSJ. What Happ....

Mfame Published 4y-10mo-1w-1d-13h-54m ago

What Are Navigation Sounds?

Just as lights play a significant role in understanding what other boats are doing, so do sounds. Understanding what you hear is another step towards being a amp 8220 complete mariner amp 8221 , reports BoatUS. Virtually every boat is required to have some sound producing device. There is a great....

Mfame Published 4y-10mo-1w-1d-14h-11m ago

How Digitalization Can Help Promote Transparency In The Maritime Industry

Digitalization can enhance transparency, accountability and disclosure throughout the ship recycling supply chain, reports Riviera.  Data Issues Data quality and fastidious administration is vital to ensuring compliance with the latest hazardous material requirements in the European Union EU and ....

Mfame Published 4y-10mo-1w-1d-14h-13m ago

European Hi-5 Bunker Spread Hits Triple Digits

The European fuel oil Hi 5 spread has risen to triple digits for the first time since the end of March 2020, reports Platts. The widened spread Reason behind the rise The rise is said to be due to the low sulfur fuel oil supported by demand from the East and limited domestic production. Highest spre....

Mfame Published 4y-10mo-1w-1d-15h-20m ago

24 Seafarers Face Job Cuts,Appeal To Save Their Jobs

Dutch seafarers face job cuts after Maersk Line announced the sale of its Dutch ships. The seafarers appeal to the shareholders of A.P. Moeller – Maersk to intervene to help save their jobs. In an open letter to the Maersk shareholders, they appealed for intervention with management. The campaign ....

Mfame Published 4y-10mo-1w-1d-16h-45m ago

Crew Need To Watch Forecasts, To Avoid Collision

Transportation Safety Board issues a safety message due to a collision. The collision took place between two bulk carriers anchored while waiting for cargo at the Port of Vancouver. The crash happened between the Green K Max and the Golden Cecilie. It happened on March 30 last year in the water betw....

Mfame Published 4y-10mo-1w-1d-17h-3m ago

Hapag-Lloyd Secures Green Financing for 25% Less Emissions

Six new container ships being built for Hapag Lloyd will deliver emissions savings of as much as 25%. As a result it wins the liner green financing for its order. Hapag Lloyd amp 8217 s six new 23,500 TEU boxshipswill be able to run on LNG as well as conventional bunkers, and are due for de....

Mfame Published 4y-10mo-1w-1d-17h-20m ago

Swedish Ferry Operator To Launch Fossil Free Vessel Before 2030

Swedish ferry operator Stena Line plans to start operating two fossil free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark no later than 2030, says an article published in Ship Insight. The Collaboration Project In an effort to speed up the transition to fossil f....

Mfame Published 4y-10mo-1w-2d-2h-59m ago

High & Low Sulphur Fuels Expected To See Quieter Demands This Week

Both high sulfur and low sulfur bunker fuel markets are expected to see quieter demand in the week leading up to the Lunar New Year holidays in Singapore, market participants said, although the cargo markets have seen slightly diverging fundamentals, says an article published in S amp 38 P Global. ....

Mfame Published 4y-10mo-1w-2d-3h-32m ago

Eyesea Completes Tests for First Deep Sea ‘Pollution-mapping App’

The not for profit organisation Eyesea has successfully tested its pollution mapping app on ocean going vessels, reports the Maritime Executive. The test was conducted when proof of concept readings using the prototype app were taken last month by crew members of an Oldendorff Carriers vessel near F....

Mfame Published 4y-10mo-1w-2d-3h-43m ago

Windship & DNV Unveils New Zero-emission Ship

Windship Technology has created a new zero emission ship that could help to revitalise the industry, says an article published in Environment Journal. The Zero Emission Ship The True Zero Emission ship uses a new diesel electric drive system that helps to eliminate carbon dioxide, nitrogen oxide and....

Mfame Published 4y-10mo-1w-2d-4h-51m ago

CMA CGM Issues First Quarter Equipment Imbalance Surcharge

The CMA CGM group, in their website, informs its customers of the Equipment Imbalance Surcharge applicable as follows as from March 1st, 2021 until further notice. Empty Equipment Imbalance Surcharge Origin Range: From Bata, Equatorial Guinea Destination Range: To all destinations Equipment/Cargo: a....

Mfame Published 4y-10mo-1w-2d-5h-7m ago

LNG Buyers Rethink Procurement Plans Due To Surge In Spot Prices

 This winter amp 8217 s LNG supply constraints and the associated surge in Asian spot LNG prices in mid January have prompted buyers to rethink their procurement strategies, given sellers amp 8217 opportunity to market long term deals with renewed vigor, and may trigger some lasting changes in ....

Mfame Published 4y-10mo-1w-2d-7h-17m ago

How Autonomous Shipping Can Change The Maritime Industry

Autonomous ships are good for business, for the environment and improves safety both at sea and on land. Autonomy introduces a new competition area for short sea shipping and opens a larger market for maritime players – on the expense of polluting, congested and accident prone truck transportation....

Mfame Published 4y-10mo-1w-2d-7h-20m ago

Pan Ocean Shares To Rise in 2021, Uptrend BDI

Ocean shipping in favor in 2021, shipbuilding in 2022 top pick is Pan Ocean. Shipbuilding and ocean shipping stocks have been following a similar pattern as in the market upturn of 2017. The economic recovery in 2021 will be driven by fiscal policies and stimulus measures implemented by developed c....

Mfame Published 4y-10mo-1w-2d-8h-54m ago

Towards Ammonia Fueled Ship Commercialization

Introducing 3 mil mt/year of fuel ammonia by 2030 with cost cut target Finalizing detailed ammonia procurement plans in next several years: official Aims to develop 100 mil mt/year fuel ammonia supply networks by 2050 According to a Platts report, Japan has estimated its demand for fuel ammonia in t....

Mfame Published 4y-10mo-1w-2d-13h-11m ago

How Ship Safety Onboard Containerships Are Changing

A new class notation from DNV GL attests to special fire detection and firefighting measures implemented on board a containership. The notation was first given to the 23k class MSC FEBE, the winner of the 2020 Seatrade Shanghai “Ship of the Year” award, says an article published on their website....

Mfame Published 4y-10mo-1w-2d-13h-17m ago

NYK Line To Build LPG Dual-fueled VLGC Duo

NYK announces the order of its first two liquefied petroleum gas LPG dual fueled very large gas carriers VLGCs to Kawasaki Heavy Industries Ltd, says a press release published on their website.  Both ships will be built at the KHI Sakaide Works shipyard and are set for delivery in 2022. Benefit....

Mfame Published 4y-10mo-1w-2d-13h-54m ago

Submarine Collides With Bulk Carrier

A Japanese submarine collided with a commercial ship while surfacing in Pacific coast on Monday, reports CNN. What happened According to government officials, a Japanese submarine collided with a commercial ship as it attempted to surface off the country amp 8217 s Pacific coast on Monday. The acc....

Mfame Published 4y-10mo-1w-2d-14h-23m ago

Weekly Bulk Report – Week 5, 2021

The Baltic Briefing has released a report about the dry bulk market for the 5th week of shipping activities of this year. The report dated 05th January highlights the dry bulk market conditions at the on sight of the 5th week. Capesize The market began to meet increased resistance to the recent slid....

Mfame Published 4y-10mo-1w-2d-16h-1m ago

UK Seafarers Have To Apply for New Style Certificates

This Marine Information Note MIN provides information on the change to the format of STCW Certificates of Competency CoC . It also gives information on Flag State Endorsement / Certificates of Equivalent Competency FSE/CEC . The information is issued by the Maritime and Coastguard Agency MCA , ....

Mfame Published 4y-10mo-1w-2d-16h-20m ago

Ammonia Ships and Decarbonization, Expert View

amp 160 ABS had awarded a newbuild with the world amp 8217 s first amp 8216 ammonia ready amp 8217 designation from a classification society. The vessel, ordered by Avin International, will initially be conventionally powered.  The vessel will be given the current outlook for ammonia uptak....

Mfame Published 4y-10mo-1w-2d-16h-39m ago

Maersk Sues Glencore Over Contaminated Bunkers

Maersk accuses Glencore of having supplied low quality bunker for two of its container ships in 2018. The ships subsequently experienced engine problems, and Maersk wants millions of dollars in compensation for the damages. Logistics giant AP Moller Maersk is suing global commodity trader Glencore o....

Mfame Published 4y-10mo-1w-3d-3h-23m ago

INTERTANKO Updates Guidance on Crew Welfare Management

Following extensive use and feedback, the amp 8216 Crew Welfare Management and Mental Wellness amp 8217 guide of INTERTANKO has now been updated and is presented as a second edition. The updated guidance includes advice on helping seafarers to deal with emotional stress and overcome negative fee....

Mfame Published 4y-10mo-1w-3d-3h-49m ago

Major Bunkering Hubs Witness ‘Record’ Post-pandemic Price Spread

The price spread between low VLSFO and high HSFO sulphur fuel oil continues to widen across the world, reports Splash247. Surge in fuel spread  Lorentzen amp 38 Stemoco noted in an update to clients that the spread – often called the Hi5 – is now above $100 per ton in all the major bunke....

Mfame Published 4y-10mo-1w-3d-4h-7m ago

Singapore Receives Accolade for ‘Green Port’

The MPA of Singapore announced the Port of Singapore has been recognised as an Asia Pacific Economic Cooperation APEC Port Services Network APSN Green Port in 2020. This is the third consecutive time that MPA has received the accolade since it was launched in 2016. Regional shipping and bunkerin....

Mfame Published 4y-10mo-1w-3d-4h-29m ago

BIMCO Issues Weekly COVID19 Report Focusing Crew Change Rules

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID 19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization IMO....

Mfame Published 4y-10mo-1w-3d-5h-7m ago

Exxon Make Amends But Not Much Change Exxon Mobil’s Strategy

Exxon reported its first annual loss in at least three decades, reports Bloomberg Quint. Within that, it took a $19 billion impairment.  Free cash flow swung negative to the tune of almost $5 billion, or almost $20 billion after dividends were paid out.  Net debt to capital, 19% at the start of la....

Mfame Published 4y-10mo-1w-3d-9h-50m ago

Maersk Essen To Rejoin Regular Service After Weather Related Accident

Maersk has given clients hope their delayed shipments on the 13,100 teu Maersk Essen may get to Los Angeles within a couple of weeks, reports Splash247. Boxes lost due to the storm The ship suffered the fourth reported box spill in the Pacific this winter, losing around 750 boxes overboard in a st....

Mfame Published 4y-10mo-1w-3d-10h-44m ago

China’s Shipping Industry Experiences Extreme Shortage Of Containers

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID 19 pandemic, reports CGTN. Rising shipping prizes  East China amp 8217 s Yiwu, also known as China amp 8217 s commodity exporting hub, bore the brunt when co....

Mfame Published 4y-10mo-1w-3d-13h-42m ago

Ballard & GEV Signs MoU To Develop Compressed Hydrogen Ship

Ballard signs MoU with Global Energy Ventures for the development of fuel cell powered ship, says a press release published on their website. About the MoU Ballard Power Systems announced signing a non binding Memorandum of Understanding MOU with Global Energy Ventures GEV .  GEV is a provider o....

Mfame Published 4y-10mo-1w-3d-15h-22m ago

BIMCO To Update SHIPMAN & CREWMAN Agreements

BIMCO has decided to revise and update SHIPMAN 2009 and CREWMAN A and B 2009 – the ship management sector’s “go to” standard agreements, says a press release published on their website. Third party management agreements In recent years, these industry stalwarts have spawned several other sta....

Mfame Published 4y-10mo-1w-3d-15h-53m ago

Stena To Make Port of Gothenberg Fossil-free

Stena Line joins forces with transport giants to make Scandinavia’s largest port fossil free, says a press release published on their website. Cut emissions by 70% Stena Line, Volvo Group, Scania and the Port of Gothenburg have joined forces in an effort to speed up the transition to fossil free f....

Mfame Published 4y-10mo-1w-3d-16h-28m ago

Maritime Informatics Book Explores Digital Technology In Shipping

Digitalization has already unveiled its promising nature for shipping, but how does this translate in practice A new book entitled ‘Maritime Informatics’ comes to provide a vivid example of how decision making in the industry can be improved by digital technology, says an article published in s....

Mfame Published 4y-10mo-1w-4d-2h-54m ago

Swedish Technology Provider Explains Their Project’s Usage In Shipping Emissions Reduction

According to an article published in Shipping Technology, a Q amp 38 A on the research project of Alfa Laval amp 8217 s use of fuel cell technology to decrease shipping emissions, has been conducted by Ilaria Grasso Macola IGM . The Research Project Swedish technology provider Alfa Laval has laun....

Mfame Published 4y-10mo-1w-4d-5h-42m ago

SOFC Technology in Shipping Emissions Reduction

According to an article published in Shipping Technology, a Q amp 38 A on the research project of Alfa Laval amp 8217 s use of fuel cell technology to decrease shipping emissions, has been conducted by Ilaria Grasso Macola IGM . The Research Project Swedish technology provider Alfa Laval has laun....

Mfame Published 4y-10mo-1w-4d-5h-42m ago

Titan LNG Secures Long-term Charter of NYK Vessel

Titan LNG is chartering the 5,200 cbm capacity Green Zeebrugge bunker vessel – formerly known as the Engie Zeebrugge – for ‘several years.’ The Green Zeebrugge joins Titan LNG’s two bunker barges already in operation, FlexFuelers 001 and 002, and will provide ‘better loading economics’....

Mfame Published 4y-10mo-1w-4d-6h-5m ago

Crew Rotations With Seafarers Struggles

According to an article published in Lowy Institute, due to the heavy crisis of pandemic, some countries have banned crew rotations, some have tight limits and few are open, which implies the crisis continuing. Seafarer Crisis When a business manager is willing to spend US$200,000 to send home five ....

Mfame Published 4y-10mo-1w-4d-6h-24m ago

Yara Marine Shifts To Crew Training Amid Pandemic Downtime

Experts in Yara Marine Technologies now have their hands full with online training to help superintendents and chief engineers invest downtime in their crew, reads the company website. Crew training courses on the rise The number of training courses has nearly doubled owing to the coronavirus pandem....

Mfame Published 4y-10mo-1w-4d-23h-22m ago

[Infographic] EU Approves Shipping Inclusion Into ETS

The European Parliament recently approved the inclusion of shipping into the EU Emissions Trading Scheme ETS which could dent shipowners amp 8217 profits, reports Platts. Strong resistance The shipping sector, which represents 13% of total EU greenhouse gas emissions, is likely to be under EU ET....

Mfame Published 4y-10mo-1w-5d-1h-40m ago

BIMCO Launches New Clause To Tackle AIS Abuse

Industry group BIMCO is seeking to take on the problem of ships tampering with satellite tracking to avoid being spotted breaking sanctions. The new BIMCO clause will address not only the use of the AIS during the charter party but also prior to the contract. The BIMCO AIS “Switch Off” Clause fo....

Mfame Published 4y-10mo-1w-5d-2h-10m ago

Total Joins Maersk-led Project for Maritime Decarbonization

French energy major Total has joined the Mærsk Mc Kinney Møller Center for Zero Carbon Shipping as a strategic partner. The partnership will allow Total to join forces with leading players across the shipping sector to develop new low carbon alternative fuels and carbon neutrality solutions. Total....

Mfame Published 4y-10mo-1w-5d-2h-36m ago

Volunteers Eager To Sign Up For Royal Caribbean’s Exciting Test Cruises

More than 250,000 have signed up for a Royal Caribbean program that might still be months away, reports Bloomberg. Eager to volunteer  When Royal Caribbean International announced it was looking for volunteers to help test its post pandemic health and safety protocols, Melody Wiggins was among the ....

Mfame Published 4y-10mo-1w-5d-15h-9m ago

Shipping Industry Facing Humanitarian Crisis

Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its control into the middle of the ocean to protest the treatment of hi....

Mfame Published 4y-10mo-1w-5d-16h-31m ago

Post-COVID Era and Working in Shipping

Guests of the inaugural CAREER4SEA Talk, Iris Baguilat, President, Döhle Seafront Crewing Manila Inc., John Dolan, Deputy Director of Loss Prevention, Standard Club and Gisa Paredes, Chief Operating Officer, WellAtSea discussed about the new trends in the post pandemic industry, says an article ....

Mfame Published 4y-10mo-1w-6d-3h-52m ago

2 Recruitment Agents ‘Blacklisted’ for Duping Seafarers

The Seamen’s Employment Office has debarred and blacklisted 2 seafarers’ recruitment and placement agents and their directors from conducting any maritime activity associated with the Directorate General of Shipping and its allied offices, reports the Hindu Business Line. The blacklisted agents ....

Mfame Published 4y-10mo-1w-6d-8h-32m ago

TDoS Partners With SDARI To Take Ship Designs To a Higher Level

Shanghai Ship Design amp 38 Research Institute signs partnership on joint ship design projects with Tillberg Design of Sweden, says an article published in Seatrade Cruise News. Ship design projects  Tillberg Design of Sweden TDoS and Shanghai Ship Design amp 38 Research Institute SDARI h....

Mfame Published 4y-10mo-1w-6d-14h-39m ago

G20 Business Body Chooses ICS As Official Network Partner

ICS selected by G20 business body as its official network partner to highlight the key role of shipping in global trade and the need to end the ‘crew change crisis’, says a press release published on their website.  Network partner in B20 In an industry first, ICS selected as network partner fo....

Mfame Published 4y-10mo-1w-6d-16h-1m ago

LNG A Prime Pathway To Carbon Neutrality

amp 160 SEA LNG released a new report showing that LNG is no longer a niche option but a marine fuel of the future, says an article published in Offshore Energy. LNG Fuelled shipping 2020 was a year of positive developments for LNG fuelled shipping. It saw a record number of ships using and ports....

Mfame Published 4y-10mo-1w-6d-16h-18m ago

19 Seafarers Go On Hunger Strike for Third Week

19 seafarers aboard the 1982 built bulker Ula launch a hunger strike to protest their abandonment at the port of Shuaiba, Kuwait. The crew demands back pay totaling more than $400,000, along with immediate repatriation. Since January 7, they refuse all food, and they told the ITF that they will no....

Mfame Published 4y-10mo-1w-6d-17h-14m ago

Ammonia The Alternative Fuel in the Shipping Industry

Ammonia as bunker fuel can play a key role in business strategy as shipping companies focus on how best to meet the greenhouse gas emission goals set by the IMO. According to the ammonia report, amp 8216 strong strategic planning can enable maritime companies to thrive through a multi decade peri....

Mfame Published 4y-10mo-1w-6d-17h-28m ago

Temporary Bans On International Crew Change End

The Philippines has ended its temporary ban on international crew change for seafarers from vessels which had called at a list of 36 nations. According to shipping agency GAC new guidelines have been issued for crew change from 1 February. This is with reference to the Resolutions Nos.96 amp 38 9....

Mfame Published 4y-10mo-1w-6d-17h-51m ago

[Watch] Corvus Collaborates With Toyota On Hydrogen Fuel Cells

Norway’s Corvus Energy has announced the development and production of sustainable, large scale maritime certified hydrogen fuel cell systems, reports Electrive.com. Production will be located in Bergen, Norway with Toyota onboard as key partner and supplier of mass produced fuel cell technology. ....

Mfame Published 4y-10mo-2w-2h-37m ago

Stowaways On Cargo Ships A Continual Problem for Carriers

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70 year old collection of shipping and maritime publications to showcase interesting freight stories of l....

Mfame Published 4y-10mo-2w-9h-2m ago

New Measures To Reduce Carbon Dioxide Emissions in Vessels

Today’s shipowners face a simultaneous battle on two fronts, states leading paint and coatings manufacturer Jotun. A growing pressure to comply with ever more stringent environmental regulations is matched by a need to control costs, and enhance efficiency, in competitive marketplace. Confronted w....

Mfame Published 4y-10mo-2w-9h-15m ago

Secondhand Bulker Prices Firm Despite Softening Spot Rates

Secondhand bulk carrier prices are firming despite a week of softening spot rates, says an article published in Splash 247.  Smaller tonnage purchase Despite softening spot rates, secondhand bulk carrier prices are firming with buying interest increasingly focused on smaller tonnage. Clarksons Rese....

Mfame Published 4y-10mo-2w-15h-54m ago

CSSC Inks Kamsarmax Sale & Leaseback Deal With Tongli

Tongli Shipping has signed a kamsarmax sale and leaseback deal with CSSC Shipping, says an article published in Splash 247. Sale and leaseback deal  CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has entered into a sale and leaseback deal with Singapore based Ton....

Mfame Published 4y-10mo-2w-16h-9m ago

World’s First LNG-powered Bulker Competes Eco-friendly Operation

POSCO, in their press release, announce the first completion an “eco friendly” operation by their LNG powered bulk carrier for overseas raw material transport. Eco friendly vessel On January 20, HL Green, an eco friendly vessel that departed Mokpo, South Korea last December, arrived at Gwangyang....

Mfame Published 4y-10mo-2w-1d-1h-42m ago

Fuel Premiums Run Astray Despite Approaching Holidays

The delivered premium of the very low sulphur fuel oil VLSFO bunker grade to its cargo price assessments in Singapore is largely rangebound, writes Sammy Six for Argus Media. The premium remains flat despite the fast approaching lunar new year holiday and additional COVID 19 measures imposed on th....

Mfame Published 4y-10mo-2w-1d-2h-1m ago

One of the Asyad Group Companies Launches the Giant Oil Tanker

The Oman Shipping Company launched the giant oil tanker Dhalkot , which was built at the DSME shipyard in South Korea and is the last ship out of 3 other tankers that were recently launched last year Tire, Bahla , says an article published in Arabian Daily. Developing Market This is to enhance its....

Mfame Published 4y-10mo-2w-1d-3h-31m ago

BIMCO To Publish Charter Party Clause Protecting Vessel’s AIS

BIMCO is working on a charter party clause that will help the shipping industry deal with potential abuse by sanctions busters of the Automatic Identification System AIS which is mandatory for all ships to carry under SOLAS. What is AIS In general, AIS transmits data about a vessel including its....

Mfame Published 4y-10mo-2w-1d-4h-24m ago

The End of The EU Vessel Owner Recycling Conundrum?

Taking part in the ship recycling in the EU discussion, sponsored by Wirana Shipping, was the company’s vice president amp 8211 Middle East amp 38 green recycling co ordinator, Hitesh Vyas. He was joined by ADS Insight Scandinavia managing director and ADS Insight Belgium senior adviser Lott....

Mfame Published 4y-10mo-2w-1d-4h-42m ago

ITPCO Discussed Practical Obstacles Facing JIT Operations

International Taskforce Port Call Optimization ITPCO chairman Ben van Scherpenzeel discussed the practical obstacles facing JIT operations including charterparty contractual clauses, says an article published in riviera. Communicating JIT Operations The clauses stipulate that masters are expected ....

Mfame Published 4y-10mo-2w-1d-5h-14m ago

EPS Surpassed Its CO2 Reduction Target Two Years Ahead of Schedule

EPS, which operates a diverse fleet of over 15m dwt, revealed the achievement as it published its Environmental, Social amp 38 Governance ESG Policy for 2021, says an article published in seatrade maritime. EPS Disclosing Its Fleetwide CO2 Emissions EPS started disclosing its fleetwide CO2 emis....

Mfame Published 4y-10mo-2w-1d-8h-52m ago

The Urgent Need Of Setting Up Crew Change Hubs For Seafarers

The establishment of a global network of crew change hubs would help alleviate the humanitarian crisis seafarers face at present, according to the Maritime Authority of Jamaica MAJ , reports Seatrade Maritime News. Crew Changes  The hubs could offer a short term solution to the barriers presented ....

Mfame Published 4y-10mo-2w-1d-11h-57m ago

The Agenda For This Year’s GreenTech Virtual Forum

Major shipowners, service providers, research and government bodies will gather for two days of knowledge sharing and networking at the 3rd GreenTech in Shiping Virtual Forum on March 2 and 3, 2021, reports The Maritime Executive. The event schedule The forum will cover a rich variety of topics and ....

Mfame Published 4y-10mo-2w-1d-11h-59m ago

(FAQ) Difference Between Demurrage and Detention

Demurrage and Detention are 2 crucial things seafarers face at ports on a regular basis yet most of them aren amp 8217 t that much aware of the difference between them and often get tangled in legal issues. To remedy that Green Worldwide has done a thorough article explaining the terms.  Let amp ....

Mfame Published 4y-10mo-2w-1d-13h-54m ago

Ship Crew Needs Better Training of Lifesaving Equipment, Says Manufacturer

The number of accidents that happen onboard a ship while at sea underlines the importance of safety equipment training for the seafarers and Safety4sea understood that so they spoke to Mr Iasonas Lalizas, Marketing Communication Manager at Lalizas Hellas. Today we are going to put forward that insi....

Mfame Published 4y-10mo-2w-1d-14h-11m ago

 CMA CGM Operates New Box Terminal

As competition for Mediterranean container traffic heats up, CMA CGM is set to operate a new container terminal at Egypt’s port of Alexandria, reports the LoadStar. The French shipping group will manage the multipurpose, 1.5m teu capacity facility, Pier 55, with operations commencing next year. Fa....

Mfame Published 4y-10mo-2w-1d-14h-20m ago

Foreign Flagged Ships Detained in the UK During December 2020

The Maritime and Coastguard Agency MCA announced that six foreign flagged ships remained under detention in UK ports during December 2020 after failing port state control PSC inspection. Six new detentions During December, there were four new detentions of foreign flagged vessels in a UK port. I....

Mfame Published 4y-10mo-2w-1d-15h-7m ago

K Line & ShipDC Agrees To Share Operational Data

amp 160 K Line and ShipDC have agreed to share operational data of the entire K Line fleet equipped with Kawasaki Integrated Maritime Solutions, says a press release published on ClassNK website. Operational data sharing Japanese shipping major Kawasaki Kisen Kaisha K Line and Ship Data Center ....

Mfame Published 4y-10mo-2w-1d-16h-30m ago

Covid Drives Leading Oil Company To First Loss In A Decade

BP has reported a loss of $5.69bn £4.15bn for last year after a collapse in global oil demand during the Covid 19 pandemic, compared with a profit of almost $10bn in 2019, says an article published in The Guardian. Tumbled Prices The company’s first full year financial loss in a decade came aft....

Mfame Published 4y-10mo-2w-1d-16h-38m ago

Platts Launches A New Dry Bulk Weighted Average Index

Platts has launched a new dry bulk weighted average index – APSI 5 – for Supramax class bulkers, effective February 1, 2021. Platts is the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets. APSI 5 is the dry bulk freight market amp....

Mfame Published 4y-10mo-2w-1d-19h-24m ago

Dry Bulk Sector Welcomes New Safety Standards

INTERCARGO and RightShip are founding partners of DryBMS, a quality standard for the dry bulk sector. Safety, environmental  and operational excellence are promoted through company self assessment. Both RightShip and INTERCARGO have strongly and consistently advocated the need for significant impr....

Mfame Published 4y-10mo-2w-1d-19h-36m ago

Crew Member Has A Fatal Fall From Portable Ladder

The Britannia P amp 38 I Club, in its BSafe campaign, reports the incident where an AB had a fatal fall from a portable ladder onboard a product tanker. The AB was conducting maintenance work on the launching system for the ship’s free fall lifeboat and later tragically died from his injuries. Th....

Mfame Published 4y-10mo-2w-2d-3h-41m ago

Demand Surge in Container Shipping Depletes Charter Market

The unexpected demand recovery in the container shipping sector driven primarily by the US based demand surge has seen the charter market depleted of available capacity, reports Offshore Energy. Increase in delays due to demand upturn The demand upturn has lead to increasing delays and heavy port co....

Mfame Published 4y-10mo-2w-2d-4h-32m ago

Ultramax Stays Strong Amid Slipping Capesize

Baltic Exchange has released a report about the dry bulk market for the 4th week of shipping activities of this year. The report dated 29th January highlights the dry bulk market conditions at the on sight of the 4th week. Capesize The Capesize routes endured a week of slippage on rates, bringing th....

Mfame Published 4y-10mo-2w-2d-5h-12m ago

Comfort for Crew A Good Sign for Seafarers

It is a good sign for seafarers and the industry that there is so much rallying around behind the Neptune Declaration and pressure is being applied to ensure the messages about the importance of seafarers are being heard. It is vital seafarers get back home, that those stuck at home can return to wo....

Mfame Published 4y-10mo-2w-2d-8h-42m ago

ONE Containership Fleet Makes Extra Calls To Conduct Crew Change

Around 15% of containerships fleet of Ocean Network Express ONE made extra calls last year to conduct crew changes, reports Seatrade Maritime News. Crew change crisis The crew change crisis, which engulfed the shipping industry left over 400,000 seafarers stranded on vessels after their contracts ....

Mfame Published 4y-10mo-2w-2d-9h-50m ago

Global Leaders Warned Off ‘Key Workers’ & Supply Chain Disruption

The fate of more than 200,000 seafarers who play a crucial role in keeping global trade flowing is being labelled a amp 8220 humanitarian crisis at sea amp 8221 . More than 300 firms and organisations are urging for them to be treated as amp 8220 key workers amp 8221 , so they can return home ....

Mfame Published 4y-10mo-2w-2d-12h-55m ago

U.S. Oil Industry Concerned, Biden Focuses On Clean Energy

Biden takes steps to pause sales of oil and gas leases on federal land, cancel the Keystone XL pipeline amp 38 expand the government’s fleet of clean energy vehicles. The U.S. oil industry is concerned about limiting access to resources on federal acreage in New Mexico, Wyoming, Alaska and the ....

Mfame Published 4y-10mo-2w-2d-14h-4m ago

Salvors Prepare For Third Slicing Of Capsized Carrier

Salvors continued last week to prepare for the third chain cut through the hull of capsized vehicles carrier Golden Ray IMO 9775816 , reports Insurance Marine News. Work at the wreck site  Divers were removing debris and sediment that was blocking the cutting chain from entering the cut groove fo....

Mfame Published 4y-10mo-2w-2d-15h-9m ago

IMO 2050, Decarbonization & Digital Technologies Challenges

There has been an increasing pressure for shipowners to sharpen their environmental performance, driven by IMO 2050, regional regulations. As a result, market pull from charterers, banks and investors, the decarbonization challenge is here to stay. DNV GL sees the adoption of new digital technologie....

Mfame Published 4y-10mo-2w-2d-17h-45m ago

Neptune Declaration for Maritime Vision 2030, Says Maritime Body MUI

Maritime body MUI urged the government to take cognisance of amp 8216 Neptune Declaration on Seafarer Wellbeing and Crew Change amp 8217 in the formulation of Maritime India Vision 2030. The Ministry of Ports, Shipping and Waterways of India will be formulating amp 8216 Maritime India Vision a....

Mfame Published 4y-10mo-2w-2d-18h-5m ago

Maritime Academies Should Include Environmental Aspects Of Shipping

David Hume, the founder of The Liquid Grid, looks at how America’s next generation of seafarers could lead world shipping to a greener future, reports Splash247. Low carbon energy technologies Maritime decarbonisation won’t happen without adoption of low carbon energy technologies. Unfortunately....

Mfame Published 4y-10mo-2w-3d-14h-1m ago

Shipping Companies Oppose EU’s New Emission Regulations

Shipping companies are crying foul over EU plans to regulate the sector’s emissions. But the industry’s claim that new rules would break international law has no legal basis, write Faïg Abbasov and Aoife O’Leary in their article published on Euractiv. EU extends ETS After thirty years of regu....

Mfame Published 4y-10mo-2w-3d-14h-1m ago

IMO 2020 Reaps 70% Cut in Sulphur Oxide Emissions

On 1 January 2020, new reduced limits on sulphur in fuel oil brought about a 70% cut in total sulphur oxide emissions from shipping. It is ushering in a new era of cleaner air in ports and coastal areas by using less polluting fuels. One year on, indications are that the transition has been extremel....

Mfame Published 4y-10mo-2w-3d-14h-35m ago

Global Container Shortage Implies Signs of Normalcy, Index Confirms

What does the global shortage of shipping containers that’s sent ocean freight rates skyrocketing show Is it signs of easing! Yes, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods, there  is a sign of easing. The Container Availability Index sh....

Mfame Published 4y-10mo-2w-3d-15h-7m ago

U.S. Vows To Help SE Asian Nation Against Maritime Attacks

U.S. President Joe Biden’s government has vowed to extend support to the Philippines, in case of any armed attack in the South China Sea, reports BloombergQuint.  1951 Mutual Defense Treaty  U.S. Secretary of State Antony Blinken told Philippine Foreign Affairs Secretary Teodoro Locsin in a call....

Mfame Published 4y-10mo-2w-3d-15h-14m ago

Methanol Holds Promise as Alt Bunker Fuel: Executive

Much of global methanol production goes to industry leaving little left over for shipping, a methanol industry executive has said. Interviewed by price reporting agency Platts, Methanex amp 8217 s Stuart McCall said that lack of fuelling infrastructure was holding back the fuel amp 8217 s emergenc....

Mfame Published 4y-10mo-2w-4d-4h-26m ago

Uniper Expands LNG Fleet Amid Growing Asian Demand

German utility Uniper took delivery of a new LNG tanker in South Korea amid efforts to boost its presence in the burgeoning Asian LNG market, reads the company website. Service contract for multiple trips The LNG tanker LNG Rosenrot is now complete and will be delivered to Uniper in South Korea. Uni....

Mfame Published 4y-10mo-2w-5d-4h-10m ago

MOL Scraps ‘Oldest LNG Carrier’ in Fleet Modernization

Mitsui OSK MOL has sold its first and oldest LNG carrier, Senshu Maru, for scrap after 37 years with the company. VesselsValue data shows that the 69,594 dwt ship was sold for green recycling in India at a price of $523 per LDT. The portal shows the vessel status as dead as of January 26. amp 8....

Mfame Published 4y-10mo-2w-5d-5h-39m ago

Sulfur Cap Transition ‘Extremely Smooth,’ Says IMO

New limits on fuel oil sulfur brought about a 70% cut in total sulfur oxide emissions from shipping, ushering in a new era of cleaner air by using less polluting fuels. One year on, indications are that the transition has been extremely smooth, a testament to the preparations of all stakeholders pri....

Mfame Published 4y-10mo-2w-5d-6h-9m ago

Biden Administration Renews Ties With Allies In Asia And Europe

The United States has pledged to support its allies involved in maritime disputes over both the South and East China seas – where China is locking horns with its neighbours – as the newly installed US administration is renewing alliances in Asia and Europe, reports South China Morning Post. Defe....

Mfame Published 4y-10mo-2w-5d-14h-10m ago

Government To Address Maritime Challenges To Boost Economy

PRESIDENT Muhammadu Buhari  has embarked on  all encompassing policy at the national level that will holistically address all the  challenges that are facing the  nation’s martime sector to boost the economy, it was learnt, says an article published in The Nation. National Maritime Transpot Po....

Mfame Published 4y-10mo-2w-5d-15h-44m ago

US Maritime Industry Going Gaga Over Biden’s Buy American Push

According to a MarineLink report, Monday amp 8217 s unprecedented decision taken by the new US President was created with cheer by the maritime sector of America. Strengthening US Manufacturing President Joe Biden on Monday signed an executive order aiming to use government spending to strengthen d....

Mfame Published 4y-10mo-2w-5d-16h-45m ago

Will Biden’s Administration Make an Impact on U.S. Maritime Industry?

amp 160 In the next four years, issues related to climate change will pose the greatest challenges for the domestic maritime industry. Neither President elect Biden nor his team have offered specifics on a maritime environmental agenda. Given the expectation of dramatic departure from the Trump A....

Mfame Published 4y-10mo-2w-5d-18h-57m ago

Piracy Attack Demands Tougher Laws To Protect Seafarers in ‘Bay of Blood’

Pirates in the Gulf of Guinea killed a seafarer and took another 15 seafarers hostage in an attack on Saturday. Governments called on for immediate action to prevent more seafarers being murdered in the Gulf of Guinea. After the recent piracy incident off Gulf of Guinea, where pirates killed a seafa....

Mfame Published 4y-10mo-2w-6d-1h-20m ago

Mission Possible Aims To Accelerate Pathways for Decarbonization

Run by the World Economic Forum, Energy Transitions Commission, Rocky Mountain Institute, the We Mean Business coalition, the amp 8220 Mission Possible Partnership amp 8221 aims to accelerate several pathways for decarbonizing heavy industry and transport by unifying the critical actors needed t....

Mfame Published 4y-10mo-2w-6d-9h-42m ago

This Innovative Robot Cleans Ships To Reduce Emissions

The build up of marine plants and animals on ship hulls is an age old problem. This ‘biofouling’ can increase fuel consumption by up to 40% and boost emissions. Now a robot has been invented that cleans ship hulls every time they anchor. An article in World Economic Forum reports of Jotun robot ....

Mfame Published 4y-10mo-2w-6d-11h-6m ago

Future of Seafarers in Times of Automated Ships

Automated ships are gaining momentum these days and the shipping industry is staring at an automated future but the question that amp 8217 s on everyone amp 8217 s mind these days is the future of seafarers.  How will seafarers fare once automated ships take over What will be the life of a seafa....

Mfame Published 4y-10mo-2w-6d-13h-4m ago

The Disheartening Situation Of Seafarers On Board

The latest benchmark Seafarers amp 8217 Happiness Index from Mission to Seafarers sounds a dark note as the COVID 19 pandemic and the crew change crisis drag on, reports The Maritime Executive. amp 8216 Losing Faith amp 8217 Overall index scores last quarter were up slightly, but individual wr....

Mfame Published 4y-10mo-2w-6d-13h-5m ago

Seafarers Hassled Trying to Curb COVID-19 Spread And Pirate Attacks

Seafaring ranks as one of the toughest, most emotionally taxing jobs in global transportation. Saturday’s deadly pirate attack off Africa’s west coast is just the latest reminder — one that further compounds the toll from COVID and geopolitics, reports Freight waves. Attack on The Mozart Pirat....

Mfame Published 4y-10mo-2w-6d-13h-6m ago

Maersk Sells Product Tanker Equipped With Rotor Sails

Maersk Tankers sold its 2008 built product tanker, the world’s first product tanker to test the use of wind propulsion technology, reports Splash 247. About the sold product tanker Rotor sails were installed onboard the vessel Maersk Pelican in 2018 and the company claimed that it showcased an 8.2....

Mfame Published 4y-10mo-2w-6d-13h-7m ago

Shipping Executives Reveal Why They Signed the Neptune Declaration

Shipping industry is abuzz with the Neptune Declaration signed by more than 300 firm amp 8217 s to help stranded seafarers and now shipping executives have voiced their opinion on it, says a Seatrade Maritime News report. The Call for Action Declaration On Tuesday 327 companies and organisations pu....

Mfame Published 4y-10mo-2w-6d-13h-24m ago

Container Shortage Madness Drives Breakbulk, MPVs Uptake

According to a LoadStar report, the “madness” of ex Asia container rates is driving more un boxing of containerised cargo.  And the resulting bounceback for breakbulk is providing a boon for secondary ports and shortsea shipping, reveals chartering specialist Ahlers.  The New Horizon  “New ....

Mfame Published 4y-10mo-2w-6d-13h-41m ago

The Rising Issue of Pirates In The Gulf of Guinea

The latest report by the International Chamber of Commerce’s International Maritime Bureau IMB has shown that piracy in the Gulf of Guinea recorded the highest number of crew kidnapped in 2020, reports The Guardian.  Deploying an effective military The report indicated that the Gulf of Guinea a....

Mfame Published 4y-10mo-2w-6d-13h-51m ago

ClassNK Updates “Guidelines for Remote Surveys”

Leading Classification Society ClassNK has released “Guidelines for Remote Surveys Ver. 2.0” including a class notation requirement for the ship with advance preparation for remote surveys, says a press release published on their website. Use of digital technology ClassNK has been working on the....

Mfame Published 4y-10mo-2w-6d-15h-29m ago

IMF Predicts 21% Rise in Oil Prices in 2021

Oil prices will average just above $50/b in 2021, a more than 21% rise from 2020 amp 8217 s depressed level. This may be attributed to the rollout of vaccines, and fiscal stimulus programs will help the global economy post a stronger than expected recovery from the pandemic. The IMF now expects glo....

Mfame Published 4y-10mo-2w-6d-17h-13m ago

IPO Expected From SM Line in 2021

SM Line announces that it is preparing for an initial public offering IPO in the second half of the year. The shipping company has recently selected NH Investment amp 38 Securities as the lead manager. The company said it will invest the funds raised through the IPO in ships and container equip....

Mfame Published 4y-10mo-2w-6d-17h-25m ago

Oldendorff Carriers Signs A Major Fuel Saving Technology Project

Oldendorff Carriers OC sign a Joint Development Project JDP with Anemoi Marine Technologies Anemoi , LR and SDARI. The JDP is to develop a wind assisted propulsion solution for Dry Bulk Carriers. The project, scheduled for completion in 2022, breaks down significant barriers for the installatio....

Mfame Published 4y-10mo-2w-6d-17h-57m ago

Debunking Pirate Attack, Plight of Seafarers

Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies. On Saturday, pirates off Nigeria kidnapped 15 sailors from a Turkish container ship and killed one. Pirates in the Gulf of Guinea kidnapped 130 seafarers in 22 separate incidents last year, accountin....

Mfame Published 4y-10mo-2w-6d-18h-34m ago

This Amazon-backed Startup To Make Net-zero Transportation Fuels

Infinium, an electrofuels solution provider, closed the funding bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries MHI , AP Ventures, Neuman amp 38 Esser, and the Grantham Environmental Trust, reports Bloomberg. The proceeds will be ....

Mfame Published 4y-10mo-3w-22m ago

Oil Majors To Tackle Rising Crude Prices Amid Muted Demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices, reports the Business Standard. Crude oil cuts When Saudi Arabia announced a crude oil production cut on January 5, it took the world of petroleum by surprise and created a deg....

Mfame Published 4y-10mo-3w-1h-44m ago

HMM’s First Extra Loader in Korea-Europe Route

On Jan 27, HMM announced that it will deploy its first extra loader on the Korea Europe route on Jan 31 to help Korean companies ship their export products on schedule, says an article published in Business Korea. Extra Loader Deployments The shipping company has recently deployed its 9th extra load....

Mfame Published 4y-10mo-3w-4h-7m ago

Restricted Availability Hampering Methanol Bunkering Uptake

Recently Platts spoke with Stuart McCall from Methanex about the prospect of methanol as a bunker fuel. Today we are going to take a look at that interview. Methanol Hurdle Methanol offers significant greenhouse gas savings as a bunker fuel but demand for its use in other sectors along with limits o....

Mfame Published 4y-10mo-3w-8h-48m ago

BIMCO Adopts New Time Charter for Accommodation Support Vessels

BIMCO has published a new standard time charter party for accommodation support vessels ASVTIME , reads the club amp 8217 s press release. Contract to meet oil and gas sector needs As highlighted in the club’s previous news item, ASVTIME aims to provide a suitable contracting framework for those....

Mfame Published 4y-10mo-3w-10h-53m ago

(Answer) What Happens When Cargo Ships Ventures Into Terrible Ice Conditions?

An Arctic cargo ship, Sparta III, violated safety rules and sailed into unsafe ice conditions. It took nearly four weeks, several icebreakers and rescue ships to escort it to safety, reports High North News. Today we are chronicling that dreadful incident to understand how unsafe ice conditions harm....

Mfame Published 4y-10mo-3w-13h-36m ago

Guide To Safe Confined Space Entry Onboard Ships

Confined space entry is a matter of great discussion in the maritime industry as a number of lives are lost in these restricted areas. Marine Insight, in effort to provide guidance has published a pocket guide to Safe Confined Space Entry Onboard Ships. Here’s an excerpt from that guide. Enclosed ....

Mfame Published 4y-10mo-3w-14h-22m ago

Why Shippers Built Massive Vessels?

amp 160 Unless you’re involved with international commerce in some way, you might not have heard that the cost of shipping goods out of China is absolutely soaring right now, says an article published in Bloomberg. What Happened Six months ago, the Shanghai Containerized Freight Index of spot ....

Mfame Published 4y-10mo-3w-14h-30m ago

Isle of Manship Launches ‘Crew Matters’ Application For Seafarers

The Isle of Man Ship Registry has officially launched its “Crew Matters” welfare app developed with training company Tapiit Live, says an article published in Seatrade Maritime News. Spotlight to Seafarers With the crew change crisis that left up to 400,000 seafarers stranded on vessels beyond t....

Mfame Published 4y-10mo-3w-16h-29m ago

DSME Bags ABS Approval for Solid Oxide Fuel Cell Technology

Classification society ABS has granted approval in principle AIP to solid oxide fuel cell SOFC technology developed by South Korean shipbuilder Daewoo Shipbuilding amp 38 Marine Engineering DSME , reports Offshore Energy. Joint projects between ABS and DSME The granting of the AiP follows tw....

Mfame Published 4y-10mo-3w-23h-33m ago

Singaporean Consortium To Explore Ammonia As A Marine Fuel

A joint study is underway in Singapore to explore the potential for ammonia to be used as a marine fuel. ABS, Singapore’s NTU, and the ASTI are collaborating on a study on using ammonia as marine fuels in the port of Singapore. ABS, Nanyang Technological University NTU , Singapore, and the Ammoni....

Mfame Published 4y-10mo-3w-1d-7m ago

ICS Launches New Flag State Performance Table

The International Chamber of Shipping ICS has published the latest Flag State Performance Table 2020/2021 which finds that many of the largest flag states – including the Marshall Islands, Hong Kong China , Singapore as well as the Bahamas and Cyprus– continue to perform to an exceptionally....

Mfame Published 4y-10mo-3w-1d-41m ago

State-of-the-art Software for Seafarers, Online Marine Library

Witherbys, the maritime publishing experts, has put cyber security, flexible access and increased data at the heart of its new ereader software, Witherby Connect. It allows seafarers to access the latest information and guidance instantly and easily. The software enables mariners to continue to refe....

Mfame Published 4y-10mo-3w-1d-1h-25m ago

Foreign Flagged Ships Detained In The UK

Four foreign flagged ships were detained in the United Kingdom in December for failing Port State Control inspections, according to the Maritime Coastguard Agency, says an article published in ship amp 38 bunker. What Happened Among a slew of defects found on the Ayress, ballast, fuel and other....

Mfame Published 4y-10mo-3w-1d-9h-34m ago

Yara Announces The Winner of Yara Marine X’s Accelerator Program

According to an article published in Yara Marine, the company started the Yara Marine X program in September last year and after months of search, they finally found a winner amongst the many applicants. CEO amp 8217 s Points “Phoenician Energy’s use of aluminum air battery technology for the m....

Mfame Published 4y-10mo-3w-1d-10h-2m ago

Oil Market Positive Under Biden and Covid Cloud

Traders swung back towards cautious optimism with regards to the impending U.S. economic stimulus package and supply concerns. It caused oil prices to rise about 1 percent  amp 8211 however, the perpetual worry over government mandated lockdowns to combat rising Covid infections limited the ga....

Mfame Published 4y-10mo-3w-1d-16h-18m ago

SSA Clarifies Doubts On Latest Covid 19 Measures At Singapore Port

The Singapore Shipping Association SSA clarifies doubts raised by bunker suppliers amp 38 surveyors regarding the latest Covid 19 measures introduced at Singapore port. The SSA says that several industry players believe the latest changes could adversely affect waterfront operations. Caroline Y....

Mfame Published 4y-10mo-3w-1d-16h-45m ago

A Lineage of 50 Years of Oil Spill, How Governments Responded?

Christian Ingvorsen is an oil expert and marine engineer in DESMI oil spill response. He gives a big picture view on oil spills and their impact on how governments and the private sector have learned to respond to them over five decades. Let us see the drastic improvements of oil spill response over....

Mfame Published 4y-10mo-3w-1d-17h-9m ago

US President’s Next Step Crucial for Asian Oil Market

Japan amp 8217 s 2021 crude oil imports seen falling 5 10%. US President Joe Biden amp 8217 s next steps on Iran, Venezuela sanctions in focus. JKM closes below $9/MMbtu as LNG cargo shortage eases. China amp 8217 s domestic thermal coal prices set to ease as demand slows. A recent news article p....

Mfame Published 4y-10mo-3w-1d-18h-23m ago

Chaos, Container Shortage & Delay Push Shipping Cost by 300%

Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. Ikea’s Singapore operations called it a “global transport crisis” and estimates 850 of its 8,500 products are affected by shipment delays. Chinese....

Mfame Published 4y-10mo-3w-1d-18h-39m ago

Container Shipping Sanction Clauses Published By BIMCO

A new time charter sanctions clause specifically designed for the container shipping sector has been published as a press release by BIMCO in their website. Clause Details The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative to create a library of sancti....

Mfame Published 4y-10mo-3w-2d-2h-53m ago

BASF Commissions Low Water Tanker for Rhine Waterway

Chemicals company BASF has commissioned Stolt Tankers to help design and build a new tanker that can operate at extreme low water levels in the river Rhine, reads the company news release. The ship will be built by Mercurius Shipping Group and after scheduled delivery in 2022, Stolt Tankers will ope....

Mfame Published 4y-10mo-3w-2d-4h-46m ago

[Infographic] Asian Winter Drives Fuel Demand

Winter temperatures in North Asia fell to their lowest in decades in early January, sending fuel demand for heating and power generation through the roof, reports Platts. Fuel supplies in high demand A Platts infographics shows that the shortages sent countries scrambling to shore up supplies. Utili....

Mfame Published 4y-10mo-3w-2d-5h-23m ago

Strengthening the Shipping Industry from Within

According to an India Seatrade News article India amp 8217 s scope at Seatrade is ever increasing because of its geographical advantage of lying close to the sea but the competition from other Seatrade hubs dampens its spirits. However, that is altering with time. Let amp 8217 s check out how. Ind....

Mfame Published 4y-10mo-3w-2d-9h-6m ago

Panama Canal Signs MoUs To Optimize Supply Routes for COVID-19 Vaccine

The Panama Canal has signed memorandums of Understanding with Panama Ports Company PPC and PSA Panama International Terminal PSA Panama to help optimize supply routes for the distribution of the COVID 19 vaccine and supplies to Latin America, says an article published on PanCanal. About the Agre....

Mfame Published 4y-10mo-3w-2d-10h-5m ago

Weekly Tanker Report – Week 3, 2021

The Baltic Briefing has issued the tanker report for the 3rd week of this year. The report dated 22nd January 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities. VLCC The market weakened even further this week with rates dropping and the....

Mfame Published 4y-10mo-3w-2d-12h-38m ago

Refiners Go For Carbon Capture Renewables

Refiners using offsets from renewable fuels. The switch to renewables using carbon capture programs comes from companies like Valero, ExxonMobil, Chevron Emissions per barrel of crude processed to drop further Increased use of solar, wind and cogeneration power Now refiners are making the big switch....

Mfame Published 4y-10mo-3w-2d-13h-42m ago

Way Ahead for IMO from 2021 Cyber Guidelines

The seaports are important avenues when it comes to cyber security risks and the last year targeting of IMO and several other shipping companies websites underline how crucial the upcoming IMO cyber guidelines. Keeping that in mind, the Maritime Executive has analysed the new guidelines and what it ....

Mfame Published 4y-10mo-3w-2d-13h-59m ago

Wärtsilä Extends Maintenance Agreement With Golar

The technology group Wärtsilä has signed a five year extension to its Optimised Maintenance agreement with Golar Management Norway. The operator and manager of a fleet of LNG Carrier and Floating Storage and Regasification Unit FSRU vessels. The agreement covers a total of 16 ship installations....

Mfame Published 4y-10mo-3w-2d-14h-36m ago

Wärtsilä Enters a Long-term Partnership with Golar Management

The technology group Wärtsilä has signed a five year extension to its Optimised Maintenance agreement with Golar Management Norway. The operator and manager of a fleet of LNG Carrier and Floating Storage and Regasification Unit FSRU vessels. The agreement covers a total of 16 ship installations....

Mfame Published 4y-10mo-3w-2d-14h-36m ago

KSOE Gets AiP For Wing Sail Propulsion System

DNV GL has awarded an Approval in Principle AIP to Korea Shipbuilding and Offshore Engineering KSOE for a wing sail auxiliary propulsion system for ships – the result of a joint research project between KSOE and SK Shipping, says an article published in Marine Insight. Virtual Award Ceremony T....

Mfame Published 4y-10mo-3w-2d-15h-4m ago

Seri Everest Records To 911000 Barrels Of Ethane

Dallas based Energy Transfer LP announced the first Very Large Ethane Carrier VLEC , has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., says an article published in Marine Insight. Maiden Voyage The Seri Everest, the world’s largest VLEC, departed....

Mfame Published 4y-10mo-3w-2d-15h-38m ago

Weekly Bulk Report – Week 3, 2021

The Baltic Briefing has released a report about the dry bulk market for the 3rd week of shipping activities of this year. The report dated 22nd January highlights the dry bulk market conditions at the on sight of the 3rd week. Capesize The Capesize market rocked and rolled these past few days. But ....

Mfame Published 4y-10mo-3w-2d-16h-22m ago

Crude Shipments Boost Corpus Christi Port To 2020 Tonnage Record

Corpus December exports at 1.9 million b/d. Corpus export activity around 4.41 million b/d end 2020. Houston exported 685,250 b/d in December. The Port of Corpus Christi ended 2020 with record tonnage, mainly due to a 65% increase in crude oil shipments from the previous year, reports Platts. New qu....

Mfame Published 4y-10mo-3w-3d-25m ago

IMSA Launches Remote Cyber Vulnerability Scanning for Ships

In response to the IMO amp 8217 s cyber security requirements, the International Maritime Security Associates IMSA has developed a suite of cyber security tools and services for the maritime industry, reports Superyacht News. Remote assessment tool The company has recently launched the capability....

Mfame Published 4y-10mo-3w-3d-1h-39m ago

MSC Bags Maritime Sustainability Certificate

MSC has been awarded the Maritime Sustainability Passport certificate and seal by the North American Marine Environment Protection Association NAMEPA , recognising the company’s responsible business operations and approach to sustainability, the company said in its release. Maritime Sustainabilit....

Mfame Published 4y-10mo-3w-3d-2h-13m ago

Sudden Waves Over Poop Deck Puts Crew Overboard

Transport Malta amp 8217 s MSIU issued an investigation report on two man overboard from the bulk carrier MV Stara Planina, in January 2020. The two crew members were lost overboard when unexpected waves washed over the poop deck, as they were not secured to the vessel. The incident On 02 January 2....

Mfame Published 4y-10mo-3w-3d-2h-32m ago

Carnival Opts for Wärtsilä Waste Treatment

Technology group Wärtsilä has signed a framework agreement with Carnival Corporation, the global cruise ship operator, covering the supply and installation of Wärtsilä’s advanced wastewater and dry waste treatment systems for up to 32 vessels across many of its operating brands, says an articl....

Mfame Published 4y-10mo-3w-3d-9h-19m ago

The CHEK Project Conducts Tests To Develop Energy Efficient Ships

A new research effort, which is focusing on combining emerging technologies to promote low carbon shipping, will test its technologies on in service vessels, reports The Marine Executive. The CHEK project  The project, which is named CHEK deCarbonizing sHipping by Enabling Key technology symbiosis....

Mfame Published 4y-10mo-3w-3d-12h-48m ago

Better Results Expected for the Global Bunker Market in 2021

The World Bunker Index MABUX displayed irregular fluctuations over a week due to COVID 19 pandemic’s spread related worries. Border closures amp 38 shutdowns continue to constrain fuel demand. 380 HSFO index fell from 367.25 USD/MT to 365.95 USD/ MT 1.30 USD ,  VLSFO added 1.00 USD: from 461....

Mfame Published 4y-10mo-3w-3d-14h-18m ago

New Hydrogen Cargo Ship Concept from Havyard

Havyard Group ASA along with a European player partners in order to develop hydrogen zero emission vessels, says a press release published on their website. Climate goal target Europe is devoting extensive resources to achieving the climate goals, and the maritime industry is part of the solution. H....

Mfame Published 4y-10mo-3w-3d-15h-28m ago

Measures To Minimize Hazardous Electrical Shocks On board

An electrical shock is the worst of all kinds of accidents on board ships. Author Anish lists out precautionary steps to minimize such on board risks for an article published in MarineInsight. Reason for an electrical shock Electrical wires and connections are present everywhere on ships and it is i....

Mfame Published 4y-10mo-3w-3d-15h-54m ago

$14,000 To Ship a Container To the UK, But the Usual Price is $2,500

The founder of start up Houseof.com, which imports lighting from China, says the rise in shipping costs means she amp 8217 s making a loss on what she sells. The six fold increase in shipping costs is hard to take, especially when getting hold of a container amp 8220 is like gold dust amp 8221 .....

Mfame Published 4y-10mo-3w-3d-19h-3m ago

Two No Connection Events Connects to a Concerning Message

According to an article published in Shipping Insight, two separate and unconnected events took place might have a disconcerting message for ship operators who may have far more on their mind than preparing for a future that is still shrouded in fog. First Event At an ICS webinar, Graham Westgarth t....

Mfame Published 4y-10mo-3w-4d-2h-37m ago

Can Shipping Absorb the Cost of Emission On Top of A Technology Levy?

According to an article published in Shipping Insight, two separate and unconnected events took place might have a disconcerting message for ship operators who may have far more on their mind than preparing for a future that is still shrouded in fog. First Event At an ICS webinar, Graham Westgarth t....

Mfame Published 4y-10mo-3w-4d-2h-37m ago

DESMI BWMS Gets USCG & IMO Type Approval

A new configuration of DESMI Ocean Guard’s CompactClean BWMS has been approved by both the US Coast Guard and the Danish Maritime Authority. CompactClean Bulker is designed for higher flow rates during deballasting, solving one of the main operational issues faced by bulk carriers. DESMI Ocean Gua....

Mfame Published 4y-10mo-3w-4d-5h-12m ago

TFG Marine To Kick Start UK Bunkering Operations

TFG Marine Pte Ltd will start bunkering operations at the Falmouth Anchorage, off the South West Coast of the United Kingdom. TFG Marine will provide bunker operations from this month with two SIRE inspected barges and plans to add further barges to this operation over time. The agreement will allow....

Mfame Published 4y-10mo-3w-4d-5h-55m ago

Maersk Institute Seeks Economist To Abet Shipping Decarbonization

The Maersk Mc Kinney Møller Center for Zero Carbon Shipping has posted a job advertisement for a chief economist in Copenhagen, reports Ship amp 38 Bunker. Shipping decarbonization The Maersk Mc Kinney Møller Center is a non profit independent research centre, working across the whole of shippi....

Mfame Published 4y-10mo-3w-4d-6h-11m ago

IMO 2020 And Its Impact On The Oil And Gas Industry Report

The amp 8220 International Maritime Organization IMO 2020 and its impact on Oil and Gas Industry amp 8211 Thematic Research amp 8221 report has been added to Research And Markets website offering, says an article published in finance. IMO 2020 The International Maritime Organization IMO i....

Mfame Published 4y-10mo-3w-4d-6h-28m ago

OOCL Profits Plummet Amid Soaring Rates & Demand Spike

OOCL enjoys rich profits following a demand spike despite pandemic. OOCL’s liftings improved by an above market 7.3% on 2019 with revenue gaining 18.9% on the year. Tradelanes also record substantial gains and no end in sight to the bull run of container lines. A strong Q4 2020 operational update ....

Mfame Published 4y-10mo-3w-4d-6h-32m ago

Drugs Worth £76million Were Seized At Southampton Port

Forbidden fruit! Police seize nearly a TON of cocaine with £76million street value hidden in shipment of bananas at Southampton port, reports Daily Mail. Seized Drugs Cocaine with a street value of £76 million has been seized after being found in a shipment of bananas at Southampton. The class A d....

Mfame Published 4y-10mo-3w-5d-14h-5m ago

Oil Market Bullish, Post Biden Inauguration

amp 160 As expected, Wednesday amp 8217 s inauguration of Joe Biden as president of the U.S. had a beneficial effect on oil but the gains were minimal, says an article published in ship amp 38 bunker. Experts Comments John Kilduff Still, the analytical community was buoyant over the change i....

Mfame Published 4y-10mo-3w-5d-14h-16m ago

Call for Creation of Dedicated Seafarers Support Fund

Maritime body MUI demands announcement of a support fund for seafarers in the forthcoming Budget. Maritime Union of India MUI is the country amp 8221 s oldest union of merchant navy officers. It has urged the government to allocate substantial corpus towards creation of a amp 8216 seafarers sup....

Mfame Published 4y-10mo-3w-5d-18h-15m ago

Royal Caribbean Group Extends Suspension Of Cruising

Royal Caribbean Group continues to focus on the healthy and safe return to cruising for guests, crew, and the communities we visit, says an article published in Marine Insight. Sailings Suspensions As the Royal Caribbean Group work closely with the U.S. Centers for Disease Control and Prevention and....

Mfame Published 4y-10mo-3w-6d-5h-51m ago

Royal Caribbean Extends Cruise Suspensions

Royal Caribbean Group continues to focus on the healthy and safe return to cruising for guests, crew, and the communities we visit, says an article published in Marine Insight. Sailings Suspensions As the Royal Caribbean Group work closely with the U.S. Centers for Disease Control and Prevention and....

Mfame Published 4y-10mo-3w-6d-5h-51m ago

Holland Shipyards Group Secures Order for Hybrid Ferry Trio

Dutch ship designer and builder Holland Shipyards Group has secured a contract to build three additional hybrid ferries for towing and ferry company Schlepp und Fährgesellschaft Kiel SFK , reads the company news release. Hybrid drivetrain system The contract follows the delivery of hybrid ferry G....

Mfame Published 4y-10mo-3w-6d-8h-59m ago

Dry Bulk Shipping ETF Stays At Top in 2021

A targeted dry bulk shipping exchange traded fund has rallied in the new year, breaking from traditionally weak seasonal trends. Among the best performing non leveraged ETFs of Friday, the Breakwave Dry Bulk Shipping ETF NYSEArca: BDRY  jumped 6.9%. BDRY has already surged 36.0% so far in 2021. A....

Mfame Published 4y-10mo-3w-6d-9h-22m ago

China Steps Up To Stabilize Freight Rates

China’s Ministry for Commerce is again looking to step in to stabilise the container shipping market. Media speculation indicates that shipping lines could be called to a series of meetings to discuss the container shortage and high rates. Ministry is in talks with the ministry of transport and ot....

Mfame Published 4y-10mo-3w-6d-13h-47m ago

Bring The Vaccination Document To Sail On Saga Cruise Ships

The UK travel company Saga Cruises has become the first cruise line to announce that it is requiring all passengers to be vaccinated for COVID 19 to sail on its cruise ships, says an article published in The maritime executive. Saga’s announcement While there have been rumors that the cruise indus....

Mfame Published 4y-10mo-3w-6d-14h-27m ago

Transparency The Key To Crew Change Challenge, Says BIMCO

A recent article published on BIMCO website says transparency and dialogue between owners amp 38 charterers is the key to crew change challenge. Freedom of contract Shipping is essentially a marriage between the commercial interests of charterers who hire ships to transport cargoes, and shipowner....

Mfame Published 4y-10mo-3w-6d-14h-56m ago

Increase In Rollover Rates Reported In World’s Top 20 Ports

Container cargo rollovers at the world’s top 20 ports in jumped 75% in December 2020 compared to the previous month as lines struggle with a huge surge in volumes and equipment shortages, according to analysts Ocean Insights, reports Seatrade Maritime News. Rollover rates Average rollover rates at....

Mfame Published 4y-10mo-3w-6d-15h-30m ago

Shipping Industry’s Initiatives for Seafarers Wellbeing

Since the start of the pandemic, crew wellness has topped the industry agenda with international shipping bodies, unions and associations vowing for a fairer treatment of seafarers, reports Safety4Sea. What actions has the industry taken to resolve this humanitarian crisis While crews remain trappe....

Mfame Published 4y-10mo-3w-6d-15h-50m ago

U.S. Shale Gas Market in 2021, The Highs and Lows

amp 160 U.S. crude oil exports have maintained high levels despite reductions in domestic supply and international demand for crude. Kpler points out that amp 8216 2020 US shale grades departures increased 11.9% compared to a year ago in spite of decreased global demand. amp 8217 Barring unf....

Mfame Published 4y-10mo-3w-6d-17h-14m ago

Supply Cuts Hit Oil Tanker Market Badly

Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels effectively subsidize cargo deliveries on the industry’s main trade route. Supertankers delivering 2 million barrel shipments of the kingdom’s oil to China are losing $736 a day for the pri....

Mfame Published 4y-10mo-3w-6d-17h-37m ago

Cargill Trials Wind Sail Technology on Bulk Carrier

A wind energy project for ships has taken a step forward as the technology is to be installed on a Kamsarmax dry bulk carrier, reports Ship amp 38 Bunker. Rigid wind sails Commodities trader Cargill formed a partnership with Bar Technologies and Deltamarin to develop the rigid wind sails that are....

Mfame Published 4y-10mo-3w-6d-23h-47m ago

Steamship Mutual Club Highlights Safe Access of Ro-Ro Spaces

Safety4sea reports about a series of infographics highlighting the safety risks onboard RO RO vessels amp 38 PCTC carriers. The infographics were first published by Steamship Mutual Club. Proper access of RO RO spaces In the infographic, the club focuses on how to properly access RO RO spaces and....

Mfame Published 4y-10mo-4w-13m ago

MPA Issues Crew Change Requirements for Cargo Ships

The Maritime and Port Authority of Singapore MPA Singapore issued an update concerning the requirements on crew change for cargo ships in the port of Singapore. Crew change requirements MPA Singapore will keep in mind the following: crew whose employment contract has expired additional crew on bo....

Mfame Published 4y-10mo-4w-33m ago

MSC Teams Up With Hydrogen Council To Reach Zero-carbon Goals

Mediterranean Shipping Company MSC has joined the Hydrogen Council, a global industry body, as a steering member to foster cross sector collaboration that will accelerate R amp 38 D related to clean hydrogen derived fuels and solutions, says an article published in Logistics Update Africa. The In....

Mfame Published 4y-10mo-4w-2h-54m ago

Capesize Market Starts Off 2021 With A Boom, Says BIMCO

BIMCO says the year 2021 has started strongly for the capesize market with 1,427 journeys completed or underway in the first 20 days of the year, a 10.4% increase compared to the same period last year, according to figures from VesselsValue. This counter seasonal upswing stands in contrast to the de....

Mfame Published 4y-10mo-4w-3h-7m ago

Blended Maritime Training To Revolutionize Seafarers Life

The maritime industry has taken a further step into online and blended training with the appointment of Andrea Lodolo as the new CEO of Seably – the marketplace for maritime training, reports the Maritime Executive. The online platform has already reached more than 20,000 maritime professionals. A....

Mfame Published 4y-10mo-4w-12h-32m ago

WMU Report Shows Crew Changes Affect Seafarers Most

According to a World Maritime University report focusing on the experiences of seafarers during the COVID 19 pandemic, addressing the challenges they face and identifying factors that may mitigate the negative impact of the pandemic is crucial as there are severe shortfalls and challenges to seafare....

Mfame Published 4y-10mo-4w-12h-38m ago

Highest Number of Seafarer Abandonment in 2020

Abandonment of seafarers is on the rise this year, exacerbated by the pandemic, with reported cases at a record high of more than double the 2019 levels, reports the Lloyd amp 8217 s List Highest Abandonment  This year, 76 cases have been recorded, involving more than 1,000 seafarers, data shows. ....

Mfame Published 4y-10mo-4w-13h-16m ago

Minimum Taxations Key To Reverse Tax Avoidance in Shipping

The Organization for Economic Cooperation and Development recently released a blueprint for an internationally coordinated minimum tax for multinational enterprises. It aims at reaching a global agreement on this in 2021. It is not certain that any agreement would cover global shipping. The plan wou....

Mfame Published 4y-10mo-4w-13h-27m ago

Carriers Forced To Conclude Fixtures Months Into The Future

The absence of open containerships on the charter market has resulted in carriers being forced to conclude fixtures months into the future, says an article published in The loadstar. Long bull run for the liner industry Moreover, the duration of time charters has lengthened considerably, it is becom....

Mfame Published 4y-10mo-4w-13h-31m ago

Mega Boxship Loses 750 Containers Overboard

According to a W K Webster and Co Ltd post, a mega containership lost up to 750 containers in the Pacific Ocean. What happened It has been reported that a containership lost a very significant number of containers overboard in the Pacific Ocean on 16 January 2021.  The incident occurred on passage....

Mfame Published 4y-10mo-4w-14h-57m ago

ABS Classed Suzemax Converted to Run on Ammonia for the First time

An ABS classed Suezmax tanker ordered by Avin International LTD, the first vessel of a potential order of three vessels, is to be the first ammonia fuel ready vessel in the world, says an article published in Seanews. The Vessel The landmark 274 meter long vessel, hull number 0315852, is now under c....

Mfame Published 4y-10mo-4w-20h-42m ago

[FAQ] What’s The Importance Of Bulbous Bow in Ships?

An article in Safety4sea explains the importance of bulbous bows in ships. What is a bulbous bow The metal in front of the ship is called the bulbous bow. The name origin is simple, as this structure generally resembles the shape of the bulb, and is always placed at the bow of the ship. Hence, bul....

Mfame Published 4y-10mo-4w-1d-44m ago

Container Freight Demand To Remain Buoyant Amid Surging Rates

Container freight demand to escalate throughout the Lunar New Year. A delay in the return of containers to dockside in the US and Europe in Q2 2020 led to equipment shortages. The global economy is expected to recover amid the COVID vaccine administration. Demand for container freight looks set to r....

Mfame Published 4y-10mo-4w-1d-1h-28m ago

Crew Change Issues Turns Up to be Covid Mutates

According to an article published in Sea4sea, the following several months of restricted crew mobility which has left thousands of seafarers stranded onboard ships beyond contract limits, the crew change issue is now becoming more complicated with much of the world locking down again in light of the....

Mfame Published 4y-10mo-4w-1d-5h-6m ago

Crew Change Crisis Complicates Amid New COVID Mutations

Crew changes are once more becoming difficult as much of the world locks down again following the emergence of several new and more transmissible variants of Covid 19, reports Safety4sea. Crew Transitions With travel corridors being closed and new travel restrictions imposed, airlines are once again....

Mfame Published 4y-10mo-4w-1d-5h-6m ago

Chinese Shipbuilding Industry Emerged At The Top In 2020

China amp 8217 s 2020 new shipbuilding orders exceeded those of South Korea and returned the country to the No.1 spot after two years, CCTV reported on Sunday, says an article published on Global Times. Data From MIIT According to data released by the Ministry of Industry and Information Technology....

Mfame Published 4y-10mo-4w-1d-12h-26m ago

Carriers Gone Too Far With Prices As Rates Soar

According to a LoadStar report written by Mike Wackett, there are signs that spot rates from Asia to Europe might be beginning to cool at last. Today’s Shanghai Containerized Freight Index SCFI comprehensive index inched up just half a percentage point this week to 2,885, which is 190% higher th....

Mfame Published 4y-10mo-4w-1d-13h-51m ago

Panama 2020 Bunker Volumes To Drop Further

Last year amp 8217 s fall for Panama bunker volumes was the sharpest in at least a decade. A sharp decline at the end of the year took Panama amp 8216 s 2020 bunker volumes to the biggest annual drop on record. Total volumes for December saw a 19.8% decline from the same month a year earlie....

Mfame Published 4y-10mo-4w-1d-14h-1m ago

Maersk Highlights Poor Security for Vessels & Crews In GoG

The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa. The number of attacks on vessels globally jumped 20% last year to 195, with 135 crew kidnapped, the International Maritime Bureau’s Pira....

Mfame Published 4y-10mo-4w-1d-14h-9m ago

40% of VLCCs To Don Scrubber by December 2021

Despite a massive drop in premium earnings for ships fitted with scrubbers during 2020, the scope for scrubber cancellations has been limited. This can be attributed to contractual obligations with shipyards and scrubber manufacturers, Gibson Shipbrokers said in its latest weekly report. This might ....

Mfame Published 4y-10mo-4w-1d-14h-24m ago

IEA’s Report States The Impact Of Reducing Methane Emissions

Reducing methane emissions from oil and gas operations is among the most cost effective and impactful actions that governments can take to achieve global climate goals, said the International Energy Agency IEA in a new report, says an article published on Safety4Sea. Methane Although methane has a....

Mfame Published 4y-10mo-4w-1d-15h-9m ago

Value Maritime & Yard Energy Speed Up Scrubber Technology

Dutch scrubber manufacturer Value Maritime intends to accelerate the installation of clean exhaust filters on ships. It has teamed with Yard Energy, a private investor in onshore wind and clean energy projects. Yard Energy will assist Value Maritime in speeding up growth, with capital and specialist....

Mfame Published 4y-10mo-4w-1d-15h-10m ago

New Package of Measures To Promote the Greek Flag

The Greek government is prompting a new package of measures to stop amp 8216 leakage amp 8217 of ships and tonnage and to strengthen the competitiveness of the Greek seafarers, reports Safety4Sea. Steps to modernise institutional framework  According to the Greek Shipping Ministry, the governme....

Mfame Published 4y-10mo-4w-1d-15h-51m ago

Shell and ITF Corporate in Partnership

Royal Dutch Shell joined forces with the International Transport Forum’s ITF Corporate Partnership Board to work on sustainability, decarbonization, innovative mobility and workforce diversity within the shipping industry, says an article published in Sea4sea. Working towards Greener Industry Ac....

Mfame Published 4y-10mo-4w-2d-4h-19m ago

Shell Partners With ITF To Work On Sustainability

Royal Dutch Shell joined forces with the International Transport Forum’s ITF Corporate Partnership Board to work on sustainability, decarbonization, innovative mobility and workforce diversity within the shipping industry, says an article published in Sea4sea. Working towards Greener Industry Ac....

Mfame Published 4y-10mo-4w-2d-4h-19m ago

Global Investors Call on UN To Protect Seafarers’ Welfare

A group of 85 institutional investors representing over $2 trillion in assets, joined forces calling on the United Nations to take further action to address the ongoing humanitarian crisis for seafarers brought on by the global restrictions enacted to control the coronavirus, reports the Maritime Ex....

Mfame Published 4y-10mo-4w-2d-4h-45m ago

Unplanned ROV Maintenance Leads To Crew Injury

In the latest version of safety events, IMCA has described a case where a crewmember broke his finger during ROV maintenance. The incident A worker broke his finger whilst working on an ROV. The incident occurred during ROV maintenance when he was single handedly removing a bumper bar located above ....

Mfame Published 4y-10mo-4w-2d-5h-46m ago

Chevron Lubricants Help Run Engines Despite VLSFO Setbacks

Chevron Marine Lubricants, in their press release, sum up how they helped their customers identify and manage a distinctive engine condition challenge associated with the widespread switch to low sulphur fuels. Scuffing due to fuel switch Some ship owners using very low sulphur fuel oil VLSFO have....

Mfame Published 4y-10mo-4w-2d-6h-6m ago

Suppliers in Fujairah Hesitant About Qatari Demand Rebound

Marine fuel traders in the Middle East amp 8217 s main bunkering centre — Fujairah in the UAE — are uncertain about a demand boost. This mainly due to the UAE amp 8217 s decision last week to open sea, land and air borders with Qatar. Vessels of state owned Qatargas were major buyers of bunker....

Mfame Published 4y-10mo-4w-2d-6h-49m ago

Singapore Attains Higher Sales in Bunker, Despite Lesser Vessels

Total bunker sales in Singapore for 2020 rose 5% year on year to 49.83 million mt. 13 by Singapore amp 8217 s Maritime and Port Authority showed. This represents the second highest volume of sales that the world amp 8217 s largest bunkering destination has notched up since 2017, when sales posted ....

Mfame Published 4y-10mo-4w-2d-7h-7m ago

New Ventilation Guide On Bulk Carrier Ventilation

Proper ventilation is essential to preventing damage to the cargo and to ensure the safety of the crew and vessel in bulk carriers. To provide ship’s masters and crew with an understanding of different ventilation requirements for bulk cargoes, INTERCARGO, The Standard Club and DNV GL, the world....

Mfame Published 4y-10mo-4w-2d-8h-56m ago

Why Electronic Bills of Lading Should Ensure Interoperability?

Regulators should adopt common format for eBOLs, says an article published on Freight Waves. The Digital Container Shipping Association The Digital Container Shipping Association DCSA , a nonprofit formed in 2019, has been at the forefront of helping the ocean vessel sector pivot from paper to digi....

Mfame Published 4y-10mo-4w-2d-8h-57m ago

China, Hong Kong Stocks Climb Indicating Economic Recovery

According to a recent Reuters report, China and Hong Kong shares climbed on Monday, as investors cheered better than expected gross domestic product data GDP pointing to a solid recovery in the world’s second largest economy. The CSI300 index rose 0.8% to 5,504.17 by the end of the morning sessi....

Mfame Published 4y-10mo-4w-2d-13h-26m ago

Proactive Vs Reactive – The Way Out for Shipping Companies from Cyber Attacks

2020 has put maritime organisations in the firing line for cyber attacks, and they can no longer afford to bury their head in the sand and to counter this Lloyd amp 8217 s Register spoke to Nettitude’s Tim Percival who discusses what actions needs to be taken to stay ahead of this rising tide in ....

Mfame Published 4y-10mo-4w-2d-13h-53m ago

MSC Joined Hydrogen Council Vowing To Accelerate R&D

Joining global shipping giants like NYK and CMA CGM, number two ocean carrier MSC has recently joined the Hydrogen Council. MSC joined as a steering member, vowing to accelerate R amp 38 D on clean hydrogen derived fuels, says an article published in The maritime executive. Other big names that are....

Mfame Published 4y-10mo-4w-2d-14h-35m ago

Cargo Ship Splits Into Two & Sinks, 3 Dead

According to Turkish authorities, a cargo ship sank off Turkey amp 8217 s Black Sea coast leaving at least 3 people dead, reports ABCNews. What happened A cargo ship sank off Turkey amp 8217 s Black Sea coast on Sunday, leaving at least three people dead and six others were rescued. The transport....

Mfame Published 4y-10mo-4w-2d-15h-43m ago

97 Incidents of Piracy and Armed Robbery Reported in 2020

As piracy remains a hot topic of discussion and a challenging issue for the shipping industry, ReCAAP ISC launches its annual report for 2020. It reports 97 incidents in Asia, which reveals a 17% increase year on year. According to the report, there was an increase of piracy incidents the year that ....

Mfame Published 4y-10mo-4w-2d-15h-46m ago

Revised IMSBC Code for Bauxite Cargoes Mandatory

A need to draw a distinction in the IMSBC Code between bauxite cargoes that liquefy, those that do not, led to the development of a new cargo schedule for bauxite fines in the Code. January 2015, the vessel BULK JUPITER, carrying bauxite, sank off Vietnam taking the lives of 18 seafarers. At that ti....

Mfame Published 4y-10mo-4w-2d-17h-59m ago

How Skilled Seafarers Contribute To Cost Efficiency?

The leading international catering manager and training provider MCTC suggests that, effective training programmes are the key to help ship operators and owners to generate cost efficiencies within their business, says an article published in Ship Insight. Quality Training The company which offers c....

Mfame Published 4y-11mo-3h-45m ago

MCTC Offers Leading International Catering Services and Trainings

The leading international catering manager and training provider MCTC suggests that, Effective training programmes are the key to help ship operators and owners to generate cost efficiencies within their business, says an article published in Ship Insight. Quality Training The company which offers c....

Mfame Published 4y-11mo-3h-45m ago

Cargo Ship Makes ‘First Call’ on New MARAD Marine Highway

The new M 10 Marine Highway Jones Act service gives the South Florida market ready shipping access to Puerto Rico. The new service avoids trunk road shipments over Jaxport, and offers an alternative to trucking between South Florida and Houston. Port Everglades has welcomed the first cargo ship to....

Mfame Published 4y-11mo-7h-2m ago

INTERTANKO Updates Crew Welfare & Mental Wellness Guidance

INTERTANKO has recently updated its recommendatory guidance, Crew Welfare Management and Mental Wellness, reports the American Club. Guidance to deal with stress The updated guidance includes advice on helping seafarers to deal with emotional stress and overcome negative feelings. Additional guidanc....

Mfame Published 4y-11mo-7h-34m ago

Singapore’s Maritime Industry Comes Out On Top Despite COVID-19 Hurdles

 The Port of Singapore has performed well despite the challenges posed by the global coronavirus pandemic, and is on track to achieve its targets around maritime decarbonization while also promoting digitalization and enhancing inter modal connectivity, Chee Hong Tat, Senior Minister of State, Mini....

Mfame Published 4y-11mo-11h-4m ago

Class NK Certification for Kawasaki Integrated Maritime Solutions

Leading Classification Society ClassNK certified “Kawasaki Integrated Maritime Solutions”. It is jointly developed by Kawasaki Kisen Kaisha, Ltd. “K” LINE and Kawasaki Heavy Industries Group. Also its first Innovation Endorsement*1 for Products amp 38 Solutions, the Society’s new cert....

Mfame Published 4y-11mo-11h-17m ago

Oceaneering Makes A Generous Donation To Global Ocean

US based ocean science nonprofit Global Oceans, has acquired, via a donation from Oceaneering, three deep sea exploration vehicles rated to 6000 meters of operational depth, reports Offshore Engineer. About the donation  The donation includes the Magellan 725 ROV, the Ocean Discovery ROV, and the O....

Mfame Published 4y-11mo-13h-8m ago

Carriers ‘Booking Stops’ Remedy for Container Shortage Increases Rates

According to a LoadStar article by Mike Wackett, carriers are imposing booking stops around Europe, as well as tightening the time allowed to pick up equipment prior to vessel departure dates. The moves come as exporters from North Europe to Asia continue to struggle to secure equipment and vessel s....

Mfame Published 4y-11mo-13h-48m ago

Maersk Eyes Improved Flow of Goods in Land and Sea

Demand for ocean shipping services is likely to remain unusually high. Supply will remain tight for some time as shippers and carriers adapt to shifts in supply chains driven by the coronavirus pandemic. Manufacturers have boosted output as their customers in the rest of the world rebuild inventorie....

Mfame Published 4y-11mo-13h-59m ago

Asia-Europe Rates To Go Below $10,000 Over Forwarders Bidding War

According to a LoadStar article written by Mike Wackett, major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe. And several carriers are reported to have opened first and second round tenders with the highest bidders for guaranteed ship....

Mfame Published 4y-11mo-14h-20m ago

Scorpio Tankers Updates its Financial Activities

Scorpio Tankers Inc. announced today that it has received a commitment to sell and leaseback three MR product tankers. The three tankers are STI Memphis, STI Soho, and STI Osceola and one LR2 product tanker STI Lombard to AVIC International Leasing Co., Ltd. Upon completion. The Company’s li....

Mfame Published 4y-11mo-14h-45m ago

Maersk Extends Partnership With The Ocean Cleanup

A.P. Moller Maersk, an integrated container logistics company and The Ocean Cleanup comes into a new 3 year partnership as extending their relationship, says a press release published on their website. Extended Support Besides Maersk Supply Service support with vessel operations and offshore projec....

Mfame Published 4y-11mo-16h-37m ago

LNG Congestions at Panama Canal Could Last Until March

The Congestion delaying LNG shipments through Panama Canal is expected to last through the peak demand winter months, although the canal’s regulator said that the traders close to the situation had made changes to speed up transit, reports Reuters. High price rates The price of liquefied natural g....

Mfame Published 4y-11mo-17h-20m ago

Singapore Fuel Oil Inventories Slip Amid Rare Exports

Singapore amp 8217 s residual fuel oil inventories slipped 0.1 per cent in the week to June 24, inching away from a more than three year high hit the week before. Singapore’s residual fuel oil inventories fell 1% in the week ended Jan. 13, reflecting a slight decrease in net import volumes and st....

Mfame Published 4y-11mo-1d-1h-54m ago

Euronav Joins Neptune Declaration for Seafarer Wellbeing

A new Global Maritime Forum task force to tackle the ongoing crewing crisis has secured Euronav as a signatory, reports Lloyd amp 8217 s List. Neptune Declaration on Seafarer Wellbeing and Crew Change Euronav has become a signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change, w....

Mfame Published 4y-11mo-1d-2h-54m ago

Shell Unit Tops Singapore Bunker Supplier List

Global energy major Shell has been named as Singapore amp 8217 s top bunker supplier by volume in 2020. The demise of Hin Leong subsidiary Ocean Bunkering Services appearing to benefit a number of the largest global oil firms. Shell’s Singapore bunkering unit, Shell Eastern Trading Pte Ltd, becam....

Mfame Published 4y-11mo-1d-3h-11m ago

Maersk Refutes IT Failure Being Another Cyber-attack

Maersk has denied that a communication failure today was a new cyber attack. The employees are experiencing issues with logging on to the central IT network and the service centers. The provider believes they have identified and fixed the issue and, currently recovering globally. Maersk has denied t....

Mfame Published 4y-11mo-1d-3h-28m ago

Piracy & Armed Robbery Report 2021

Live Piracy amp 38 Armed Robbery Report 2021 published on icc ccs website. Pointe Noire North Anchorage, The Congo Date and time Incident Received by PRC : 2021 01 04 Attack Number: 001 21 Type of Attack : Boarded Type of Vessel : Container Attack Posn Map : Location detail: Pointe Noire North An....

Mfame Published 4y-11mo-2d-14h-36m ago

Ship Owners Tempted To Take Advantage of the Strong Offer Demolition Prices

According to Clasrksons, scrapping activity to be driven this year by the accelerating ‘green transition’, says an article published in Splash 247. Jumping prices A busy start to the year, led principally by eager Bangladeshi yards, has seen prices jump above $450 per ldt with many owners now ac....

Mfame Published 4y-11mo-2d-15h-3m ago

[Watch] Capsized Cargo Ship Leaks Petroleum Amid Salvage Operations

It took a year to plan, but the salvage efforts started in earnest in November 2020. The first massive chunk was cut off of the ship and schlepped to shore, but it took until January 2 to get the stern separated and removed as operations continue. The crew is preparing to slice the next section am....

Mfame Published 4y-11mo-3d-3h-22m ago

Pandemic Leads To Luxury Liners Queuing Up At Alang Shipbreaking Yard

In the last 50 days, three luxury liners have queued up at Alang to be broken, reports The Indian Express. Alang Shipbreaking Yard The Alang Shipbreaking Yard in Bhavnagar district of Gujarat is often seen a mirror of the global economy. When the economy is robust and ships sail, the yard sees a slu....

Mfame Published 4y-11mo-3d-8h-41m ago

KBRA Research Reveals The Positive Effect Of The Pandemic On The Shipping Industry

Kroll Bond Rating Agency KBRA continues to engage with its rated issuers in the shipping space as the industry rides the waves of COVID 19, reports Business Wire.  Growth in demand  Despite the impact of the pandemic on the general economy, KBRA notes a favorable trend for the container shipping....

Mfame Published 4y-11mo-3d-8h-57m ago

IAPH & Green Award Foundation Up ESI To Next Stage

IAPH signs an agreement with the Rotterdam based Green Award Foundation to administer and expand the formula based Environmental Ship Index ESI . It allows port authorities and maritime administrations to reward vessels for improved energy efficiency and reduced emissions. The agreement is to take ....

Mfame Published 4y-11mo-3d-13h-6m ago

ONE With 2 New Direct Services from North Europe

Ocean Network Express ONE is pleased to announce two new direct services from North Europe to the East Med Levant and Marmara regions. The North Europe East Mediterranean Express NEX and North Europe Turkey Express NTX , is the first direct services between two regions in ONE’s network. The n....

Mfame Published 4y-11mo-3d-13h-45m ago

Insurers Raising Rates for Ships Taking the Red Sea Route After Attacks

According to a Reuters report, Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. More Attacks Likely in the Future The possibility of more attacks on comme....

Mfame Published 4y-11mo-3d-13h-54m ago

High Hopes on Dry Bulk Trade in 2021, As Chinese Imports Dominate

Overall, total tonnes transported by the dry bulk shipping industry fell by 1.3% to 5.49 billion tonnes, from 5.56b in 2019. It is however still higher than the 5.46b tonnes shipped in 2018. China cements its position as the dominant player in dry bulk shipping with its imports now accounting for ju....

Mfame Published 4y-11mo-3d-14h-35m ago

Maersk Witnesses Scant Relief in Congested Supply Chains

With little excess shipping capacity amid high demand, there is scant relief on the horizon in congested supply chains, reports the Wall Street Journal. Demand to stay at the top Demand for ocean shipping services is likely to remain unusually high and supply will remain tight for some time as shipp....

Mfame Published 4y-11mo-3d-22h-52m ago

Shipping Sector Succumbs To Cyber Threats With Malicious E-mails

Dryad and cyber partners RedSkyAlliance monitor attempted attacks within the maritime sector, reports Safety4sea. They examine how email is used to deceive the recipient and potentially expose the target organizations. The following update regards the first week of January 2021. Users enticed using ....

Mfame Published 4y-11mo-3d-23h-15m ago

Global Economy Crises To Crumble Amid Surging Shipping Rates

Supply chains are getting hit again by curbs to control virus. Chinese new year holidays, strong demand adding to the crunch. Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade led recovery just as soaring freight ....

Mfame Published 4y-11mo-4d-42m ago

[Watch] World’s First Vessel With Tilting Rotors Arrives In Rotterdam

The SC Connector arrived at Matrans Rotterdam Terminal in Eemhaven on Tuesday, 12 January, at 7:00 am, reads a press release by Port of Rotterdam. Modern sailing ship Last year, this vessel from shipping company Sea Cargo was converted into a modern sailing ship. On behalf of Sea Cargo, it is deploy....

Mfame Published 4y-11mo-4d-1h-20m ago

Total Acquires Leading Biogas Producer in Green Push

French energy company Total amp 8217 s acquisition of a major biogas producer in the country will help boost its ability to supply bio LNG as a marine fuel, reports Ship amp 38 Bunker. LNG for maritime decarbonization On Monday, Total announced the acquisition of Fonroche Biogaz, the largest pro....

Mfame Published 4y-11mo-4d-1h-37m ago

Scrubber Repair Industry To Bloom With Rising Demand

After the rapid growth in scrubber installations in the years before 2020, the industry providing repairs to the emissions cleaning systems is starting to expand. US based Logan Industries announced this week that it would now offer scrubber overboard pipe repairs from its facility in Hempstead,....

Mfame Published 4y-11mo-4d-9h-6m ago

ABB & Hyundai Sign A High Turbocharging Service Deal

A new agreement between ABB Turbocharging, HGS and Hyundai Heavy Industries’ Engine amp 38 Machinery Division HHI EMD has established a ‘total service solution’. The main purpose of this total service solution is for ABB and Hyundai customers, delivering optimal efficiency and emissions p....

Mfame Published 4y-11mo-4d-9h-16m ago

Seafarer Explains What Goes Into the Making of A Seafarer

Gard explores the modern day training regime of seafarers with Oliver Bailey, a 25 year old on his way to be a Deck Officer. Let amp 8217 s take a look at his insights of seafarers amp 8217 training.  For what could be better than knowing it from a seafarer himself.  The Life At Sea For the pas....

Mfame Published 4y-11mo-4d-13h-40m ago

Angry Clients Question Shipping Line Reliability & Accountability As Rates Pile Up

Shipping lines are facing increasingly angry customers as rates continue to soar and service levels plunge. Many are noting their frustrations on LinkedIn as the debate over whether carriers are profiteering rumbles on, reports the LoadStar. Is Reliability A Thing Of the Past In one typical example....

Mfame Published 4y-11mo-4d-13h-59m ago

Scorpio Bulkers Announces Its $18.65m Vessel Sale

Scorpio Bulkers has sold an ultramax bulk carrier to an an unaffiliated third party, says a press release published on their website. The Vessel value Scorpio has sold the 2017 built ultramax SBI Libra, which has been on long term charter from Ocean Yield, to an unnamed third party with delivery sc....

Mfame Published 4y-11mo-4d-14h-15m ago

Gard Issues Amendments To Rules 2021

This circular outlines the amendments to the Rules for P amp 38 I and Defence cover for ships and other floating structures “Rules for Ships” and the Rules for P amp 38 I and Defence cover for mobile offshore units “Rules for MOUs” for both Assuranceforeningen Gard – gjensidig – an....

Mfame Published 4y-11mo-4d-14h-22m ago

[FAQ] Different Ship Types & Their Roles

Throughout history ship design has been dictated by the demands of trade and local conditions and available materials. Wood and sail have been the dominant choices through most of history until the 19th century when iron and steel replaced wood and mechanical power began to displace sail. There are ....

Mfame Published 4y-11mo-4d-17h-12m ago

Following A 0.50% Sulfur Limit, Trident Alliance Wound Up in 2020

Emissions enforcement lobbying group the Trident Alliance was wound up at the end of 2020, a year after the 0.50% sulfur limit came into force. The organisation was wound up and its website shut down at the end of last year, Roger Strevens, formerly chairman of the Trident Alliance, has confirm....

Mfame Published 4y-11mo-4d-17h-43m ago

UK Funds Project To Track Maritime Shipping Emissions

An initiative aiming to help track and reduce shipping amp 8217 s carbon emissions is among five projects recently awarded U.K. government funding through the country amp 8217 s Space Agency, reports Marine Link. Emission audits of shipping fleets The collaboration between Redshift Associates Ltd ....

Mfame Published 4y-11mo-5d-4h-16m ago

Aon Launches Fuel Price Insurance To Help Shipping Risks

Insurance broker Aon has launched a new policy aimed at sectors for which fuel purchasing constitutes a significant cost, with major interest expected to come from shipping. The new policy enables to lock in an agreed price limit for bunker purchases  and which will pay out on a monthly basis if th....

Mfame Published 4y-11mo-5d-4h-36m ago

Hapag Lloyd Makes A Switch To LNG

The Hapag Lloyd owned 15,000 TEU container ship, Sajir, is currently being upgraded to run on LNG liquefied natural gas instead of fuel oil. It is the first retrofit of this scale, reports Cyprus Shipping News. Singapore’s first LNG bunkering vessel According to the industry publication Ship am....

Mfame Published 4y-11mo-5d-8h-41m ago

Active Shipping Companies Working On the NSR

There are few Asian shipping companies and operators working on the Northern Sea Route compared to the number of European companies. Much more frequent voyages are also taking place between the NSR and European ports than ports in the Asian Pacific region, a new study by senior researcher Björn Gun....

Mfame Published 4y-11mo-5d-13h-4m ago

Oil Prices Fall Over New COVID Strain Lockdown & Stronger Dollar

According to a Reuters report, oil prices steadied on Monday after strong gains last week, as tough coronavirus lockdowns around the world renewed concerns about global fuel demand, while a stronger U.S. dollar also weighed on prices. Brent fell 33 cents to settle at $55.66 a barrel, after bouncing ....

Mfame Published 4y-11mo-5d-13h-50m ago

Newbuild Order Spike Probably Won’t Lead To Rate Relief

Q4 2020 container ship orders were the highest since Q3 2015, reports Freight Waves. A jump in newbuilding orders In virtually any ocean shipping market, a big jump in newbuilding orders is a headwind for future freight rates. More capacity spread among competing owners strengthens the negotiating h....

Mfame Published 4y-11mo-5d-14h-26m ago

[Answer] What are the Symptoms of Hypothermia?

The US Coast Guard explains which are the symptoms of hypothermia, highlighting that body heat can be lost 25x faster in cold water than in air, says an article published in safety4sea. What is Hypothermia USCG explains that frost nip, frost bite, and hypothermia are medical conditions associated w....

Mfame Published 4y-11mo-5d-14h-33m ago

Ship Repair is All About Fine Act of Financial Balancing

Shipowners have limited options to access financing for ship repair, given the capital intensive nature of vessel repairs also represents a financial risk for shipyards. Typically, a shipowner must fund the entire capital cost of vessel repairs from its own cash resources. Although it may in excepti....

Mfame Published 4y-11mo-5d-14h-35m ago

LNG Bunkering Supporters Top Amidst IBIA Association

Bunker industry association IBIA announces its list of candidates to join its board, including two strong supporters of LNG bunkering. Both Prokopakis and Rosenkrans are prominent advocates of LNG bunkering. They could be expected to bring this growing segment of marine fuel demand closer to IBIA a....

Mfame Published 4y-11mo-5d-15h-3m ago

Full PPE Required With Immediate Effect for Crew Changes, Says MPA

Crew change in Singapore port authority implements full Personal Protective Equipment requirement, says an article published in BIMCO website. MPA PPE announcement The Singapore Maritime Port Authority announced full personal protective equipment required with immediate effect, for personnel facilit....

Mfame Published 4y-11mo-5d-15h-11m ago

American Bunker Market Witness Spike in Spot Fuel Prices

Key ports throughout the Americas saw spot retail marine fuel pricing climb during the week January 4 8, with bunkers values tracking stronger US energy futures higher, reports Platts. Latin America Latin America bunker prices are starting the week supported by an energy complex that saw ICE Brent f....

Mfame Published 4y-11mo-6d-2h-2m ago

US Fuel Prices Hit An ‘Year High’ Amid Limited Supplies

USGC marine fuel reached its highest level in nearly a year January 7 on a rebound in the underlying crude complex along with limited blending components, reports Platts. US marine fuels climb high USGC marine fuel 0.5%S was assessed at $401/mt, its highest since February 25 when it was assessed at ....

Mfame Published 4y-11mo-6d-2h-31m ago

Shippers Embrace ‘Tough Times’ Amid Spiraling Bunker Surcharges

With the oil prices heading north again, ocean carriers are preparing to ramp up low sulphur fuel surcharges to add to the misery of shippers struggling with sky high freight rates, surcharges and premium fees, reports the Loadstar. Brent crude amp 38 HSFO prices take a hike The price of Brent cr....

Mfame Published 4y-11mo-6d-3h-37m ago

World’s Largest Shipbreaking Stretch Goes Green

Ship recycling plots in Alang beached 196 ships in calendar year 2020 for dismantling, benefiting from the green recycling policies of global ship owners for their end of life ships, reports the Hindu Business Line. In comparison, sub continent rivals Bangladesh beached 150 ships and Pakistan 95 shi....

Mfame Published 4y-11mo-6d-9h-47m ago

COSCO SHIPPING Energy Wins SDG Excellence Award 2020

COSCO SHIPPING Energy won the Excellence Award in SDG Solutions, says a press release published on their website. The excellence award  COSCO SHIPPING Energy won an excellence award with the LNG dual fuel VLCC cooperation project. About amp 8220 Golden Key SDG Solutions amp 8221   The launching....

Mfame Published 4y-11mo-6d-13h ago

Singapore Maritime Port Authority Issues New Crew Change Procedure

The Singapore Maritime Port Authority has announced a new enhanced crew change procedure to be effective from January 8 which implements sea launch transfer, says an article published by BIMCO.  Singapore Shipping Association urges the industry to amp 8220 comply with COVID 19 Protocols amp 8221....

Mfame Published 4y-11mo-6d-14h-9m ago

JKM LNG Price at Six-year Highs

According to Price agency Platts, JKM LNG price has risen to record high, reports Reuters. LNG at six year high price The Japan Korea Marker JKM price for liquefied natural gas LNG assessed by S amp 38 P Global Platts has risen to a record high of $20.705 per million British thermal units mmBt....

Mfame Published 4y-11mo-6d-14h-55m ago

[Watch] Maersk Sets Dedicated Team for Its Decarbonization Efforts

According to a recent Maersk twitter post, Maersk is setting up a dedicated team to accelerate decarbonization efforts. Team for decarbonization efforts Danish shipping giant A.P. Moller Maersk announced it is setting up a dedicated team to accelerate decarbonization efforts, both of its own and of ....

Mfame Published 4y-11mo-6d-15h-10m ago

Weekly Bulk Report – Week 1, 2021

The Baltic Briefing has released a report about the dry bulk market for the 01st week of shipping activities of this year. The report dated 08th January 2021 highlights the plight of the dry bulk market at the on sight of the 01st week. Capesize The market surprised many this week after sparking int....

Mfame Published 4y-11mo-6d-15h-29m ago

Hot Sludge Splash Causes Fatal Injury of Engineer Onboard

The Britannia P amp 38 I Club analyzes a fire incident as part of its BSafe campaign. A third engineer onboard an anchored capesize bulk carrier was splashed by hot sludge while opening the manhole cover of a settling tank and subsequently died from a septic shock having sustained 2nd degree burns ....

Mfame Published 4y-11mo-1w-39m ago

Ship Owners Bewildered by Deadlines To Use Less-polluting Fuels

Ship owners facing looming deadlines to use less polluting fuels have slashed the number of new vessels on order as they don’t know which alternative to switch to. Ammonia, hydrogen, biofuels and electrification are some of the many contenders to power the world’s future merchant fleet. But most....

Mfame Published 4y-11mo-1w-1h-38m ago

‘Cold Spell’ Across Northeast Asia Push LNG Prices To Record Highs

As an early winter chill grips China, South Korea and Japan, prices for coal, liquefied natural gas LNG and power are rising due to supply crunches and a surge in demand with more cold weather expected, reports Argus Media. LNG prices hit 6 year highs Chinese benchmark coal is at the highest in ei....

Mfame Published 4y-11mo-1w-3h-54m ago

Schulte Groups Upgrades It’s Hospitality Software On Acquiring Resco

The Schulte Group has acquired Rescompany Systems Resco , a provider of advanced hospitality software to the cruise industry, reports Riviera. MariApps Marine Solutions Resco will now partner with MariApps Marine Solutions – a Schulte Group member – to offer the cruise sector a range of maritim....

Mfame Published 4y-11mo-1w-9h-46m ago

The New Initiatives Undertaken By The Shipping Industry To Help With Decarbonization

It’s the moment climate finance professionals live for: when an idea — an initiative — is turned into real world action by real world actors. A year after the Poseidon Principles were signed, 15 banking signatories last month disclosed their ship loan portfolios’ climate alignment scores fo....

Mfame Published 4y-11mo-1w-11h-16m ago

Crude Oil Production Cut Down Slows Down Tanker Recover To Second Half

According to a Freight Waves article written by their Senior Editor Greg Miller, Analysts have warned that the tanker recovery will be  a distant dream  as rates are unlikely to recover before the second half of the year over crude oil production cut down  “It feels a bit like someone stole our....

Mfame Published 4y-11mo-1w-13h-24m ago

[Watch] Seafarer Facing COVID Violation Charges for Swimming To Port from Ship

A seafarer is facing charges for violating covid rules and swimming at the port from a bulk carrier ship, reports the Daily Mail UK. What happened A Vietnamese man, 37, has been charged with breaching quarantine directions.  The man was a crew member on a bulk carrier berthed at Albany Port, in WA....

Mfame Published 4y-11mo-1w-13h-30m ago

Scorpio Bulkers Announces Its $22.25m Vessel Sale Deal

Scorpio Bulkers Inc. has announces the sale of a Kamsarmax vessel, says a press release published in their website. Sale of vessel Scorpio Bulkers Inc. NYSE: SALT the “Company” announced that the company has entered into an agreement with an unaffiliated third party to sell the SBI Lynx, a K....

Mfame Published 4y-11mo-1w-14h-5m ago

Avenir LNG Launches Its Third Bunkering Vessel

Avenir LNG Limited launches its third 7,500 cbm dual purpose, LNG supply and bunkering vessel, says a press release published on their website.  Launch of 3rd vessel Avenir LNG Limited NOTC: AVENIR announces the launching of its third 7,500 cbm dual purpose, liquefied natural gas supply and bunke....

Mfame Published 4y-11mo-1w-14h-19m ago

For Steady Future LNG Need To Ensure De-carbonization

A large box must be ticked before LNG can be considered a cornerstone of the 21st century energy basket – and that is its de carbonization. LNG has fairly been heralded as a coveted jigsaw piece in the global energy transition. An energy market to bridge the traditional fossil fuel industry of the....

Mfame Published 4y-11mo-1w-14h-58m ago

LNG Needs To Ensure De-carbonization for Better Future

A large box must be ticked before LNG can be considered a cornerstone of the 21st century energy basket – and that is its de carbonization. LNG has fairly been heralded as a coveted jigsaw piece in the global energy transition. An energy market to bridge the traditional fossil fuel industry of the....

Mfame Published 4y-11mo-1w-14h-58m ago

MOL, Bombora Focus on Wave Energy Opportunities

MOL has entered into an agreement with Bombora to identify Marine energy potential across Japan, says a press release published on their website. About the collaboration Internal technical review  MOL has completed an internal technical review of Bombora’s mWave, which is a wave energy converter.....

Mfame Published 4y-11mo-1w-15h-3m ago

Baltic Exchange Hits Highest Index in Nearly 3 Months

Baltic Exchange’s main sea freight index jumped 11% on Friday as high Chinese coal demand drove up capesize rates, reports Baltic NewsDesk. Coal demand and Capesize rates The Baltic Exchange’s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese....

Mfame Published 4y-11mo-1w-1d-3h-55m ago

HMD Bags AiP for LNG Carrier With Prismatic IMO Type-B Tank

The Korean Register KR has awarded Approval In Principle AIP for an LNG carrier with a prismatic IMO type B tank built by Hyundai Mipo Dockyard. The ship is a small to medium sized LNG carrier with a B type cargo tank developed as a result of a technical collaboration project between KR and HMD.....

Mfame Published 4y-11mo-1w-1d-5h-25m ago

MISC Bags Delivery of Second VLEC

MISC Berhad has taken delivery of Seri Erlang, its second very large ethane carrier VLEC at the Samsung Heavy Industries SHI shipyard. Seri Erlang will join its sister vessel, Seri Everest, to transport ethane from the U.S. to China to support STL’s ethane cracker facility in China. Seri Erlan....

Mfame Published 4y-11mo-1w-1d-5h-59m ago

Christmas On Board The Royal Caribbean Cruise

Merry Christmas! While most of us are unable to be on a Royal Caribbean cruise this year, the author wanted to share a look at some of the Christmas fun aboard the only cruise ship in the fleet sailing right now, reports Royal Caribbean Blog. Special Christmas cocktails Quantum of the Seas is sailin....

Mfame Published 4y-11mo-1w-2d-13h-52m ago

The 15-year Search for The Mahogany Ship

Did a 16th century Portuguese vessel run aground here Doubtful, but why not celebrate it anyhow The afternoon is overcast, the ocean churning, between Port Fairy and Warrnambool, on the Shipwreck Coast of Victoria, Australia. A man and woman carry shovels and a metal detector along the beach. I as....

Mfame Published 4y-11mo-1w-2d-13h-57m ago

Comply With COVID-19 Protocols, Urges Singapore Shipping Association

Singapore Shipping Association urges the industry to comply with Covid 19 protocols, says an article published on BIMCO website. Industry under spotlight COVID 19 transmissions  Crew change facilitation has come in the spotlight of the Singapore Ministry of Health, following cases of COVID 19 trans....

Mfame Published 4y-11mo-1w-2d-14h-21m ago

Q&A: Role of Scrubber Technologies In Green Shipping

The shipping industry facilitates much of the world’s trade but also contributes significantly to global emissions. Ship Technology spoke with Daphne Technology’s CEO Mario Michan about how innovations in scrubber technologies could play a huge role in decarbonising shipping, and how future proo....

Mfame Published 4y-11mo-1w-2d-15h-11m ago

Leading Oil Trader Teams Up With Singapore Fund Manager for Energy Projects

As per the report article published in Marine Link, Trading house Mercuria and Singapore based asset manager Envysion Wealth Management, have agreed to co invest in mining and energy projects, for a commodity investment to balance the default tights made up by banks. The deal The deal, signed on Wed....

Mfame Published 4y-11mo-1w-2d-15h-52m ago

Cruise Industry Progressing Towards Cleaner & Greener 2050

According to a new poll from Mundy Cruising, Luxury cruise customers believe the sector is making progress towards a sustainable future reports Travel Weekly. Survey results The below findings were the latest from the agency’s Cruise Expert Panel, launched in October to coincide with the company....

Mfame Published 4y-11mo-1w-3d-13h-3m ago

Cruise Ships Invest in Various Features To Attract Passengers

In recent years, cruise lines have done much to reshape the sailing experience: exploring partnerships with star level chefs to elevate the food. As result they are investing heavily in luxury spa and wellness programs, and even revamping entertainment to include live DJs and drag brunches on boar....

Mfame Published 4y-11mo-1w-3d-13h-10m ago

Carnival’s Next Largest Ship To Run On LNG

Mardi Gras, Carnival Cruise Lines’s largest “Fun Ship” ever, is ready to set sail. Of course, it will be months before even the first traveler steps on board. Questions abound as to when the Centers for Disease Control and Prevention will lift its no sail orders and allow ships to resume oper....

Mfame Published 4y-11mo-1w-3d-13h-32m ago

Container Shipping Growth In 2020 Not the Best

Growth in the global container fleet has dropped to the slowest pace in four years, according to shipping intelligence service Alphaliner. The global fleet saw growth of 2.9% last year, rising to 23.9 million TEU, Alphaliner said in an emailed note Wednesday. That compares with growth of 4% i....

Mfame Published 4y-11mo-1w-3d-14h-40m ago

DAMEN Rejuvenates Seven CMA CGM Vessels

Damen Shiprepair and Conversion DSC recently carried out a series of works on 7 CMA CGM owned vessels, says a press release published on their website. About the project The projects took place between June and December last year at Damen Shiprepair Amsterdam DSAm in the Netherlands and Damen Sh....

Mfame Published 4y-11mo-1w-3d-15h-39m ago

JMU Hands Over Third SmartShip To Wan Hai

Japan Marine United has delivered a new 3,055 TEU container ship to Wan Hai Lines as the third in an eight ship series, says an article published in ShipInsight. About The New Container Ship The newly developed 3,055teu container ships can carry containers with a maximum of 12 rows x 6 tiers in the ....

Mfame Published 4y-11mo-1w-3d-16h-19m ago

Tanker Market Hits A Shaky H2 2021 With COVID Resurgence

Fundamentals point to slow recovery in freight rates Slower inventory stock draws to dampen tanker demand Marine bunker spreads to provide little support to scrubber installations Tanker markets are facing a tough first half of the year, with crude oil demand forecasts for 2021 reflecting further do....

Mfame Published 4y-11mo-1w-4d-47m ago

Wilson Sons To Kickstart Building of 6 New Tugboats

From the first quarter of 2021, Wilson Sons will start the construction of six tugboats, at the Group’s shipyards in Guarujá SP , reports Sea News. Addition to the largest fleet in Brazil The new vessels will be added to the Company’s fleet, the largest in Brazil, with 80 tugboats, spread acro....

Mfame Published 4y-11mo-1w-4d-2h-36m ago

How Shipping Lines Are Dealing With Empty Container Congestion at Ports

Ocean shipping lines are deploying sweeper and extra loader vessels to Australia, at a high financial cost, to help clear the empty container build up, reports Shipping Australia Limited.  The willingness of shipping lines to make direct cost outlays and forego revenue to reduce the empty container....

Mfame Published 4y-11mo-1w-4d-9h-3m ago

Singapore To Strengthen Its LNG Supply, Attracts Suppliers

Singapore is seeking to attract more LNG bunker suppliers to expand supply of the alternative marine fuel. The Singapore government brings in one of the managers of LNG bunker supplier FueLNG to help develop its technical standards for bunkering gas powered ships. According to a recent news report ....

Mfame Published 4y-11mo-1w-4d-9h-24m ago

The Potential for Biodiesel As a Marine Fuel

As the industry looks to prove the technical feasibility and commercial viability of fuels like ammonia, hydrogen and methanol – and ensure the safe application of electro fuels – biodiesel is another option becoming more readily available that could provide short term emission reductions, repor....

Mfame Published 4y-11mo-1w-4d-9h-38m ago

ClassNK Releases Guideline for LNG Bunkering Ships

ClassNK releases guidelines for Survey and Facilities/Equipment of LNG Bunkering Ships, says a press release published on their website. Guideline outline ClassNK in its publication released its Guideline for Survey and Facilities/Equipment of LNG Bunkering Ships, outlining the additional safety req....

Mfame Published 4y-11mo-1w-4d-13h-26m ago

High Shipping Rates To Continue Despite New Lockdowns, Says Maersk

High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday. A surge in demand from shoppers sheltering at home in a worsening ....

Mfame Published 4y-11mo-1w-4d-14h-24m ago

A Glimpse of How ETS Functions To Fight Climate Change

Europe’s emission trading system ETS is amp 8216 a cornerstone of the EU’s policy to combat climate change amp 8217 according to the European Commission EC . It operates in all EU countries plus Iceland, Liechtenstein and Norway. It is intended to limit emissions from heavy energy using i....

Mfame Published 4y-11mo-1w-4d-14h-31m ago

Bunker Sales in Panama Fell by 19.2% in November 2020

According to Panama Maritime Authority PMA , bunker sales in Panama fell by about 19.2% on year in November 2020, says an article published in Manifold Times. Fall in bunker sales Following several months of continued growth, bunker sales in Panama fell sharply in November 2020. According to the la....

Mfame Published 4y-11mo-1w-4d-15h-17m ago

Petronas To Resume Oil Production in Q3

Malaysia amp 8217 s Petronas says it expects to resume full production at its Baram facilities in the third quarter after halting output in October, reports Reuters. Firm halted after accident Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram f....

Mfame Published 4y-11mo-1w-4d-16h-14m ago

Grimaldi Group Adds Eco-friendly Vessels To Cut Emissions

Shipping company Grimaldi Group is seeking to cut its bunker consumption and emissions as it adds new eco friendly vessels to its fleet, reports Ship amp 38 Bunker. Delivery of zero emission vessel The company has taken delivery of the ro ro ship Eco Barcelona. The ship is equipped with batteries....

Mfame Published 4y-11mo-1w-5d-3h-6m ago

Abandoned Ship To Turn Into ‘Floating Restaurant’

The government of Andhra Pradesh of India has set in motion efforts to convert MV Maa, to a floating restaurant. The ship was abandoned in Andhra Pradesh following denial of permission to refloat and tow it to a dry dock. Indian state Andhra Pradesh government has set in motion efforts to convert MV....

Mfame Published 4y-11mo-1w-5d-4h-29m ago

[Watch] Stena Line’s Newest Ropax Ship Arrives in Belfast

Stena Line amp 8217 s brand new Stena Embla ferry has arrived in Belfast, reports Port News. Stena Embla joins the Liverpool route Stena Embla is the third E Flexer ferry to be commissioned for Stena Line’s Irish Sea routes in the last 12 months, three of the most modern ferries in the world. Ste....

Mfame Published 4y-11mo-1w-5d-9h-26m ago

What’s in Store for Shipping Industry in 2021?

There has been plenty of advice on how to recognise weaknesses in systems onshore and onboard and also on how to react. There will doubtless be much more advice to come as the cyber criminals always manage to be one jump ahead of their victims. The bigger problem is that there is only a requirement ....

Mfame Published 4y-11mo-1w-5d-9h-30m ago

LSFO Demand To Increase As Global Economies Regain

According to a Platts report, Asian low sulfur marine fuel market is expected to witness gradual yet steady incremental demand growth in 2021, with sales likely to top pre pandemic levels going into the second quarter of the year. LSFO Demand Increase Expected amp 8220 Economic activities will rec....

Mfame Published 4y-11mo-1w-5d-9h-51m ago

Innocent Lives Lost Due To Lockdown Isolation On Cruise Ships

Confined mostly to tiny cabins as the pandemic unfolded, crew members struggled to cope, writes Austin Carr. Jozsef Szaller At first, Jozsef Szaller’s crewmates didn’t think much of his absence. Szaller, after all, usually skipped going to dinner on the Carnival Breeze, the cruise ship where the....

Mfame Published 4y-11mo-1w-5d-13h-11m ago

[Answer] How Ships Should Navigate Through Dangerous Marine Fauna?

Marine fauna poses a grave danger for shippers and as such they need to acquire the skills of navigating through them. Keeping that in mind, the Gard has published a detailed guideline how to master this.  Impact of Marine Fauna on Shipping While shipping traffic is one of many human activities in ....

Mfame Published 4y-11mo-1w-5d-14h-20m ago

Singapore Gets Its First LNG Bunkering Vessel

Keppel Offshore amp 38 Marine Ltd Keppel O amp 38 M has delivered Singapore’s first Liquefied Natural Gas LNG bunkering vessel, FueLNG Bellina, to FueLNG with a perfect safety record, says a press release published on their website. The second LNG bunkering vessel LBV FueLNG Bellina is th....

Mfame Published 4y-11mo-1w-5d-14h-51m ago

Elevated Dry Bulk Demand Pushes Baltic Index Up By 44 Points

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday to its highest level since mid October last year, reports Reuters. Gains extended The Baltic Exchange amp 8217 s main sea freight index, climbed on Tuesday to its high....

Mfame Published 4y-11mo-1w-5d-15h-26m ago

Shipping Sector Reels Under Cybersecurity Threats in 2021

amp 160 A new report warns of increasing cybersecurity threats to the maritime industry. The Global Maritime Consultants Group’s GMCG Marine Cyber Security white paper, published on December 24, warns of cyber attacks. It may originate via email, denial of service, impersonation or various ot....

Mfame Published 4y-11mo-1w-5d-18h-22m ago

Cyprus Shipping Condemns Piracy Crisis in GoG

The Cyprus Shipping Chamber CSC expressed its concern over the continuing piracy at the Gulf of Guinea, stressing that despite the efforts being made by the whole industry the situation remains dangerous for ships sailing there, reports Seatrade Maritime News. Specifically, in a statement CSC expr....

Mfame Published 4y-11mo-1w-6d-42m ago

IMO Denounces “No Crew Change” Clauses in Charterparties

IMO secretary general Kitack Lim, in an IMO release, has spoken out against ’no crew change’ clauses in charter parties. He has pointed out that such clauses contribute to the ongoing seafarer crew change crisis and undermine the efforts undertaken to resolve the problem. Demand for amp 8216 n....

Mfame Published 4y-11mo-1w-6d-2h-3m ago

Drewry Highlights the Impact of Congestion on Port Industry

Drewry has published a report to demystify the current situation of port congestions and explore its possible impact on the port sector valuation. Supply chains generally tend to be well orchestrated for moving goods across global networks. Any short term disruption can lead to bottlenecks as is the....

Mfame Published 4y-11mo-1w-6d-8h-49m ago

Cargo Shipper Files For A $100 Million US IPO

ZIM Integrated Shipping Services, an Israeli container shipping company with over 320K TEU capacity, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering, reports an article published on Nasdaq. Niche markets The company states that it is a global, asset light co....

Mfame Published 4y-11mo-1w-6d-10h-2m ago

New Improved COVID Disinfection Service To Protect Ship & Crew

According to a Marine Insight article, the Rotterdam based company DisinfectYour.com has launched a new service to help vessel owners and crew respond to COVID 19 outbreaks. Vessel Disinfection Service The service includes complete disinfection of closed areas on a vessel, as well as care for the cr....

Mfame Published 4y-11mo-1w-6d-12h-27m ago

Covid Hit Crude Oil Prices Less Optimistic in 2021

The year 2020 was a roller coaster ride for commodities and especially for crude oil. WTI crude prices fell into negative territory for the first time ever questioning the general market caveat that commodities price cannot be zero. The second half has been equally remarkable as prices surged by lea....

Mfame Published 4y-11mo-1w-6d-13h-46m ago

KR Revises Structural Rules for LNG Carriers

Classification society Korean Register KR revises existing structural rules for membrane type LNG carriers, says an article published in Riviera Maritime Media. About the new structural rule The new rules have been developed to fully comply with the existing IGF code and cover LNG carriers from 21....

Mfame Published 4y-11mo-1w-6d-15h-23m ago

Port of Rotterdam Prepares for the Brexit change

Midnight on 31 December will mark the end of the Brexit transition period. Earlier, no customs formalities were required for freight transport from and to the United Kingdom. As from 1 January, customs formalities will apply. The trade deal recently entered into between the UK and EU will not change....

Mfame Published 4y-11mo-1w-6d-15h-38m ago

MPA Singapore Tightens Covid-19 Testing Rules After Recent Cases

According to Singapore Ministry of Health MOH a marine surveyor and a harbour pilot had tested positive for COVID 19 infection on 30 and 31 December 2020 respectively, reports SeaNews. COVID 19 safe management Shore  Recent COVID 19 infection  The Ministry of Health MOH had earlier reported th....

Mfame Published 4y-11mo-1w-6d-16h-1m ago

Oil Prices Mount Amid COVID-related Fuel Demand

Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. COVID impact on gains The poll of 39 economists and analysts conducted in the second half of December for....

Mfame Published 4y-11mo-2w-2h-4m ago

Oil Outlook Spikes Amid COVID-related Fuel Demand

Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. COVID impact on gains The poll of 39 economists and analysts conducted in the second half of December for....

Mfame Published 4y-11mo-2w-2h-4m ago

Oil Outlook Hit Amid COVID-related Fuel Demand

Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. COVID impact on gains The poll of 39 economists and analysts conducted in the second half of December for....

Mfame Published 4y-11mo-2w-2h-4m ago

POSCO To Expand Steel Supply for LNG Fueled Vessels

Business Korea reported that POSCO is focusing on liquid natural gas powered vessels as global demand for these eco friendly ships is expected to grow fast. The fuel tanks of these vessels are built with special steel as they store ultra low temperature LNG. Steel supply for LNG fuel tanks POSCO exp....

Mfame Published 4y-11mo-2w-5h ago

Comparison of Bunker Prices HSFO vs VLFSO

A dramatic slowing of the global economy this year as a result of the coronavirus pandemic has ensured the previously predicted 20% to 40% increase in bunker costs. It is due to the factor that IMO 2020 has failed to materialize. Instead, while the global bunker market in 2020 saw a considerably w....

Mfame Published 4y-11mo-2w-7h-6m ago

Top Port Extends the 3 Year Tariff Arrangement by 1 Year

The three year arrangement on port tariff increases that exists between the Port of Rotterdam Authority and the relevant market parties. It is represented by Deltalinqs and VRC, is to be extended by one year. As has been the case from 2018 to 2020, port tariffs will be increased by 1% in 2021. This ....

Mfame Published 4y-11mo-2w-7h-37m ago

The Top priorities of the 2020 Regulatory Agenda Updates

2020 has been the year that all the maritime industry anticipated with mixed feelings due to the implementation of sulphur cap. Although all lights were shed on COVID 19 , once again the regulatory agenda was busy within 2020 in order the maritime industry to stay on the pulse and remain sustainable....

Mfame Published 4y-11mo-2w-12h-26m ago

US Bunker Supplier Acquires The Marine Lubricants Arm Of MMP

Veteran US bunker supplier John W Stone Oil Distributor has acquired the marine lubricants arm of Martin Midstream Partners MMP , reports Ship amp 38 Bunker. Sold Assets  The sold assets, Mega Lubricants, cover amp 8220 the business of blending manufacturing and delivering various marine applic....

Mfame Published 4y-11mo-2w-13h-46m ago

Oil & Scrubbers Picks Up Again

Bank of Communications Financial Leasing BoComm added to the recent orders for newbuild mega boxships by placing its own order for four 24,000 TEU capacity vessels, says an article published in Ship amp 38 Bunker. Long term charter commitments  According to industry specialists Alphliner, BoCo....

Mfame Published 4y-11mo-2w-15h-18m ago

Bunker Prices To Reach $600/mt in 2021, Suggests Analysts

According to Ship amp 38 Bunker data, the bunker prices at major ports have doubled in the last nine months. 20 Ports VLSFO Average  Specifically, Ship amp 38 Bunker amp 8217 s Global 20 Ports Average for VLSFO hit a low of $210/mt on April 28, 2020. On December 30, 2020 the VLSFO average wa....

Mfame Published 4y-11mo-2w-16h-18m ago

Ship Recycling Guidance in Relation To Hazardous Materials Launched

The Maritime amp 38 Coastguard Agency has issued guidance on ship recycling requirements in relation to hazardous materials on ships, reports Gov.UK. The Marine Guidance Note provides guidance and clarification on certain aspects of both the EU Regulation and the UK Ship Recycling Regulations. Sh....

Mfame Published 4y-11mo-2w-1d-5h-28m ago

Northwest Seaport Alliance Accepts Grant for ‘Green Fuel’ Project

The Northwest Seaport Alliance NWSA has accepted a $782,482 grant from the U.S. Environmental Protection Agency’s Diesel Emissions Reduction Act DERA grant programme as part of its efforts to cut emissions, reports Safety4sea. Deployment of battery electric tractors The DERA grant program will....

Mfame Published 4y-11mo-2w-1d-6h-9m ago

Vital Solution To Reduce Air Pollution in Shipping Industry

There is an immediate need for improvement of air quality of ports and cities of the Mediterranean Sea, by using better quality fuels and greener technologies, says an article published in Safety4Sea. Pollution in the Mediterranean Sea  Shipping emissions and heavy air pollution in the Mediterranea....

Mfame Published 4y-11mo-2w-2d-15h-11m ago

[Watch] Sailors Stuck On 2 Ships Off Chinese Coast Cry for Help

According to a recent article published in MSN, Indian sailors stuck on 2 ships off Chinese coast cry for help. The 2 stuck vessels 23 Indian sailors on bulk carrier MV Jag Anand, which has been stuck off the Jingtang port on the cold waters of the Bohai Sea in northern China since June, amp 8....

Mfame Published 4y-11mo-2w-2d-15h-49m ago

Pandemic Disruptions On 500th Anniversary of 1st Global Voyage

Disease, mutinies and uncharted waters nearly sabotaged the global circumnavigation of the expedition led by Portuguese mariner Ferdinand Magellan. Five centuries later, the pandemic looms as a Spanish navy tall ship sails to commemorate the feat, says an article published in Independent. Juan Se....

Mfame Published 4y-11mo-2w-2d-15h-50m ago

Industry Voices: Goodbye 2020, Hello 2021

This time of the year is always a good opportunity to consider lessons learned and set new year’s resolutions for a new start. Our special column Industry Voices: amp 8216 Goodbye 2020, hello 2021 amp 8217 aims to provide an overview of this challenging year and set new targets for 2021 to mov....

Mfame Published 4y-11mo-2w-4d-9h-29m ago

Positive Stories from the Shipping Industry in 2020

With the pandemic and the 2020 sulphur cap, the shipping industry had a challenging time this year but despite all odds it sailed through it rather well. So, here we are chartering some success stories from the shipping industry as presented by Safety4sea. Chronicling Stories That Shaped the Year Li....

Mfame Published 4y-11mo-2w-4d-13h-38m ago

Top Maritime Stories in 2020

What a year! With 2020 coming to a close, gCaptain reports the top maritime stories that continued to make headlines all year long. IMO 2020 The year started with one of the most monumental shifts in modern shipping history with the entry into force of the IMO 2020 regulations limiting the amount of....

Mfame Published 4y-11mo-2w-4d-14h-32m ago

Panama Canal Opening in 2021 Offering 50 Feet of Draft

A year ago the Panama Canal faced with low rainfall in the basin, had to take measures to maintain operations, says an article published in newsroom panama. About The Draft It will begin in 2021 offering 50 feet of draft, the highest level for neo Panamax locks, announced administrator Ricaurte Vás....

Mfame Published 4y-11mo-2w-4d-14h-53m ago

Great Eastern to Become India’s Top Ship Owner

The Great Eastern Shipping Co Ltd has overtaken Shipping Corporation of India Ltd SCI to become India’s biggest ship owner by fleet size. It ceded the higher market capitalisation slot to SCI as its scrip galloped in the run up to the issue of expression of interest for the privatisation of the ....

Mfame Published 4y-11mo-2w-4d-22h-8m ago

Technologies That Will Transform The Salvage Sector

New technologies and innovations are needed as the salvage sector tackles ever more complex projects with larger ships to protect mariners, assets and the environment, reports Riviera. The capsized carrier This has been publicly demonstrated with the gradual removal, in Q4 2020, of the Golden Ray ....

Mfame Published 4y-11mo-2w-5d-9h-9m ago

ISM Code Amendment To Include Cyber Risk Management

Norwegian cruise and ferry operator Hurtigruten is recovering from a comprehensive ransomware virus data attack in mid December. This forced the company to close down its servers and online booking services. Its websites were out of action, but were back in operation by 18 December, says an article ....

Mfame Published 4y-11mo-2w-5d-10h-15m ago

The Ranking & Scores of Top 12 Largest Container Carriers

Gliese Foundation has published twelve independent reviews of the largest container carriers. The table presents the ranking, name, score, number of pages of the Sustainability Report. It also deals with the month of release of the report, number of years producing sustainability reports, and countr....

Mfame Published 4y-11mo-2w-5d-14h-21m ago

10 Stories That Shook The Cruise Industry

Crew members readied for a year of working at sea, and those at the helm of the cruise industry anticipated another successful year, with profits sure to continue on an upward trajectory and bigger and better ships ready for launch. Then, in the space of a few disastrous weeks, everything changed. C....

Mfame Published 4y-11mo-2w-5d-15h-18m ago

Upcoming Regulation Updates in Relation To Ship Recycling

A Standard Club article provides an overview of some of the important international regulations that will enter into force in end 2020 and 2021, including the European Union EU requirement in relation to ship recycling. Coronavirus overshadows IMO2020 fallout The year 2020 marked the implementatio....

Mfame Published 4y-11mo-2w-6d-1h-8m ago

MOL ‘Stands Tall’ in the World’s Most Valuable Fleet of LNG Carriers

An article in Riviera Maritime Media breaks down the amp 8216 Top five LNG carrier owners. amp 8217 Mitsui OSK Lines Japan’s Mitsui OSK Lines MOL has the world’s most valuable fleet of LNG carriers, worth close to US$6Bn, according to UK based ship valuation firm VesselsValue. With 45 vess....

Mfame Published 4y-11mo-2w-6d-2h-35m ago

Rising Piracy Amid Pandemic Cause Great Concern for Sailors

Amidst the rising incidents of piracy among the world suffering from the global pandemic, the sea transport organization MUI said that it is a major cause of concern for more than two lakh Indian sailors, reports Daily Excelsior. Rise in piracy The Maritime Union of India MUI , the oldest organizat....

Mfame Published 4y-11mo-2w-6d-3h-7m ago

Blue Ammonia Value Chain Joint Feasibility Study

amp 160 Japanese firms study the possibility of producing and shipping blue ammonia produced in Russia, reports Argus Media. Blue ammonia production Backed by state owned energy agency Jogmec, Japanese firms plan to study the possibility of producing and shipping blue ammonia produced in Russia a....

Mfame Published 4y-11mo-2w-6d-8h-16m ago

Mission in China Continues To Help 23 Stranded Sailors

amp 160 Two Indian ships continue to be stranded in Chinese waters for over six months. The Ministry of External Affairs MEA said that the Indian Mission in Beijing is in touch with the Chinese authorities to seek facilitation and assistance for the Indian crew. The bulk cargo vessel MV Jag Ana....

Mfame Published 4y-11mo-3w-2d-15h-49m ago

Ranking of 12 Largest Container Carriers on Sustainability Report

Giles Foundation has come up with a Maritime Environmental Reports. They assess the quality of the environmental reporting presented by the twelve largest container carriers in the world in their sustainability reports. They present the results with the lowest rated company and will end with the com....

Mfame Published 4y-11mo-3w-2d-16h-21m ago

UECC Teams Up With Gasum For First Ever LNG-LBG Bunkering

On December 16th, the UECC PCTC M/V Auto Energy received the first ship to ship bunkering of Liquefied Natural Gas LNG blended with 10% renewable Liquefied Biogas LBG , says a press release issued by UECC. Gasum’s LNG bunker vessel Coralius performed the bunkering operation at anchorage outside....

Mfame Published 4y-11mo-3w-2d-16h-34m ago

RMI Issues Guidelines For Installing RFAs Onboard Yachts

The Republic of Marshall Islands shared the requirements for the design, installation, and operation of Recreational Fire Appliances RFAs onboard RMI flagged yachts, says an article published by Safety 4 Sea. Recreational Fire Appliances RFAs means fireplaces that use wood, ethanol, or LPG as a ....

Mfame Published 4y-11mo-3w-2d-16h-50m ago

Hapag-Lloyd Signs $1 Billion Deal for 6 LNG Powered ULCVs

Order placed at Korean ship yard Daewoo Shipbuilding amp 38 Marine Engineering. Vessels will be powered by LNG Dual Fuel. Delivery starts in April 2023. 1 billion USD investment. German liner giant Hapag Lloyd has ordered six ultra large container vessels from Korean shipyard Daewoo Shipbuilding ....

Mfame Published 4y-11mo-3w-4d-8h-19m ago

Zoom Turns Santa & Goes Free for Celebrations, Limitless Talktime

Although there are many video calling services, Zoom has been by far the most popular choice in 2020 and just announced impressive financial results for Q3, reports Tech Advisor. No 40 minute Limit But the company has announced a nice surprise for its users: it’s ditching the usual 40 minute call ....

Mfame Published 4y-11mo-3w-4d-11h-57m ago

2020 CAREER4SEA Awards Honours The Best Maritime Experiences

Every year SAFETY4SEA honours the best employment opportunities in maritime with a glorious award. This year amp 8217 s  CAREER4SEA awards was announced virtually on December 16th and it recognized the  industry’s outstanding practices for attracting and supporting the younger generation in the....

Mfame Published 4y-11mo-3w-4d-13h-45m ago

Who Should Pay for a “Black Blob” Left by Ship Delivery

In an article published Energy amp 38 the Law, Charles Sartain highlights the legal issues concerning black blog in ship delivery. He follows a celebrated case to highlight what could be the legal implications of it.  What is it Enterprise Products Operating v. Trafigura, A G. asks, Who should....

Mfame Published 4y-11mo-3w-4d-13h-53m ago

Volkswagen’s New Innovative Strategy To Reduce Carbon Emissions

The Volkswagen Group on Thursday 26 November said it is planning to use certified fuel from vegetable residues for certain new car shipments via marine routes. The fuel is produced from materials such as used oil from restaurants and the food industry. The first car freighter was re fuelled for th....

Mfame Published 4y-11mo-3w-4d-14h-51m ago

Cargo Ships Banned from Paris MoU Region

amp 160 Two cargo ships were detained in the Paris MoU region within December. Both vessels flied flags that are black on the current Paris MoU list. One was detained in Port Ravenna, Italy, on 1st December 2020. This is the fourth detention in the Paris MoU region within the last 36 months. Anot....

Mfame Published 4y-11mo-3w-4d-22h-11m ago

Dream Come True for Entrepreneurs Towards a Net Zero Future

Carbon13 and Maritime UK joined forces on an eight month program supporting people to launch highly scalable and investable ventures for a net zero future. Accordingly, the partners launch the Carbon13, the Venture Builder for the Climate Crisis. The eight month programme supports extraordinary indi....

Mfame Published 4y-11mo-3w-4d-22h-22m ago

[FAQ] Safety Protocols To Address Electrical Equipment Mishaps

The Coast Guard has seen a number of instances where there was lack of knowledge regarding the installation, training, maintenance and inspection of these certified systems. At this juncture, the USCG has issued a Safety Alert to emphasize the importance of properly installed and maintained listed o....

Mfame Published 4y-11mo-3w-5d-32m ago

Pilotage Claims Surpass US$1.8b in the Last Two Decades

Claims arising from incidents involving vessels under pilotage have exceeded US$ 1.8 billion in the 20 years between 1999 and 2019, reports data by the International Group of P amp 38 I Clubs IG Clubs . Vessel pilotage In a new report, IG Clubs records 1,046 such incidents in this period and each ....

Mfame Published 4y-11mo-3w-5d-1h-13m ago

Wartsila To Retrofit 3 LPG Ships With Their LPG Fuel Supply System

In a major development, the technology group Wärtsilä’s industry leading R amp 38 D investments in enabling liquefied petroleum gas LPG to become a viable marine fuel has resulted in a further order for the company’s LPG Fuel Supply System LFSS , says a press release published on their web....

Mfame Published 4y-11mo-3w-5d-9h-55m ago

US- Asia Pacific Arbitrage Drives VLGC Demand & Rates

amp 160 According to an Argus Media report, arbitrage economics between the US and the Asia Pacific region must remain attractive to support Very large gas carriers VLGCs freight rates at the higher levels recorded in the fourth quarter of this year. The EIA has cut its 2021 forecast for domest....

Mfame Published 4y-11mo-3w-5d-10h-2m ago

Onboard World’s First Fully Electric Zero Emission Container Vessel

According to a Hard article written by their Senior Loss Prevention Executive Jarle Fosen, the year ahead looks forward to growing zero emission trends as witnessed by Fosen in a visit to the Yara Birkeland, the first fully battery operated container vessel designed for autonomous operation.  Here ....

Mfame Published 4y-11mo-3w-5d-10h-14m ago

Shipping’s Oldest Mode Emerged Stronger in Tumultuous 2020

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-5d-13h-27m ago

How Increased Freight Rates Led To A Worldwide Supply Chain Dysfunction

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-5d-16h-35m ago

LR Awards AiP To Pioneering LNG Carrier With Type B Tank Design

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-6d-2h-38m ago

Suez Canal Announces 48% Discount for Giant Tankers

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-6d-3h-2m ago

VLCC & Clean Rates Remain Static in the Weekly Tanker Market

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-6d-7h-27m ago

e5 Lab Inc. and ClassNK Sign a Joint Research Agreement on Cybersecurity

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-6d-8h-31m ago

IMO Commends Captain for His Exceptional Bravery at Sea

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, Exceptional Bravery....

Mfame Published 4y-11mo-3w-6d-8h-32m ago

Top 9 Ocean Stories of 2020

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, %....

Mfame Published 4y-11mo-3w-6d-8h-39m ago

Study Result on Expectation for 2021 Cruise Restart is Out

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, study....

Mfame Published 4y-11mo-3w-6d-8h-51m ago

MOL Issues A Guidance To Prevent Mauritius Oil Ship Grounding Incident

Maritime News, bunker, ship fuel, cargo ships, tanker vessels, container Ships, freighter vessels, Container vessels, lsfo, hfo, msomso, MOL....

Mfame Published 4y-11mo-3w-6d-13h-16m ago

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