The question that comes up more and more is when will we get a turnaround in the markets? This, of course, is the question on the lips of everyone from big fund traders all the way to small IG Index punters. At face value, it seems that for many markets the only way is up. …
A key IMO initiative supporting ship decarbonization – the Global Industry Alliance (GIA) to Support Low Carbon Shipping – will intensify its work on the ship-port interface to reduce emissions from ships. This is one of the outcomes of a GIA task force meeting, which took place over videoconference on 14-15 May. During the meeting, …
Major IMO-industry alliance broadens scope of action to cut ship emissions Read More »
Teekay Tankers is looking toward potentially bullish tanker supply factors, namely discharge delays, floating storage and the orderbook environment to combat depressed crude cargo demand in the near and medium term, CEO Kevin Mackay said Thursday. “In the near term, we anticipate that rates will remain volatile due to a continued mismatch between oil supply …
TANKERS: Crude tanker storage, orderbook dynamics could balance demand lull: Teekay Read More »
The UN Secretary General has been urged by global industrial and shipping leaders to persuade his 193 member states to act urgently to avoid a “humanitarian crisis”, with over 200,000 tired, mentally-stretched seafarers currently stuck working on vessels across the globe and unable to be relieved of their duties. In a joint letter to António …
Panama Ship Registry reiterates to all our users, that we will not stop. We have fully implemented techniques remotely and in our offices. We have attended over 1000 vessels with different needs. These requests are handled directly from our Panama Head Office, our International Offices, as well as our 53 Consulates, therefore our shipowners are …
Panama Ship Registry Committed to Around the Clock Operations Despite Pandemic Read More »
ECSA, EMPA and ETF welcome the recommendations by the European Healthy GateWays and call for a common approach for the health and safety of maritime transport workers and smooth and efficient operations in port. Despite the many challenges posed by the current COVID-19 crisis, maritime professionals across the whole European shipping industry are working hard …
The time charter party for accommodation support vessels (ASVs) currently being developed by BIMCO will include a limitation of the owners’ and charterers’ liability for loss, damage, delay or expense. This is the result of an online meeting of the subcommittee held on 18 May. The inclusion of a liability cap is inspired by BIMCO’s …
New ASV Charter Party To Include Cap On Liability Read More »
A new coating developed to deliver greater protection to bulk carrier cargo holds has gained considerable market acceptance with almost 40 applications since its official introduction in August last year. Nippon Paint Marine’s new Neoguard Toughness has already been applied to the holds of 37 bulk carriers operated by owners that include Eastern Pacific Shipping, …
New Coating Makes An Impact In Tough Bulk Sector Read More »
On May 14, a new coal carrier, Lily Fortune, was delivered at Oshima Shipbuilding Co. Ltd. (Saikai city, Nagasaki prefecture). The new coal carrier is the third ship to take the Lily Fortune name, which derives from the white lily, the symbolic flower of the former city of Haramachi in Fukushima prefecture. (Today, Haramachi is …
Third Generation Lily Fortune Coal Carrier Enters Service for Tohoku Electric Power Read More »
Possibilities to map and monitor the ocean remain restricted due to limitations with existing ocean observing technologies, including energy constraints. As a result, the US Water Power Technologies Office (WPTO) and Atmospheric Administration (NOAA) teamed up to spur technology innovation which can boost ocean data collection, and contribute to the growth of the blue ec[…] …
