Working from home during lockdown has awaken many shipping company executives, even the more traditional ones, into recognizing the benefits that technology can bring to the table. Shipping software companies like Hanseaticsoft have been preaching about this for years and have managed to persuade a number of maritime executives about the benefits of digitalization of …
The markets, particularly for shipping, oil and stocks, have been highly volatile over the last few months and the news cycle endless. In these times of uncertainty, real time and objective data is critical to understand and take advantage of the ever evolving situation. Below are three thoughts on what we have recently learnt from …
The practice of cancelling sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of COVID-19. The cancelled sailing tracker, part of the Drewry Coronavirus Hub, provides weekly insights for shippers, freight forwarders and …
The International Marine Contractors Association (IMCA) will be actively participating in an eCMID online festival of knowledge aimed at sharing the latest updates with Accredited Vessel Inspectors (AVIs). The IMCA eCMID system provides the marine and offshore industry with standardised formats for vessel inspection and offers a safety management system (SMS) ‘health check’. Using eCMID …
IMCA Actively Participates In eCMID Online Festival Of Knowledge Read More »
Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter of the Covid-19 pandemic energy crisis plays out on the world’s fleet of tankers. Beyond the turbulence, record-breaking volumes of oil and refined products being stored on tankers at sea are presenting owners and operators not only …
Oil market turbulence pivots focus on floating storage technical needs Read More »
Cargo handing at Indian ports is expected to bounce back in May as an extended countrywide lockdown nears an end, but it would take at least three to four months for operations to completely normalize and return to pre-COVID 19 levels assuming there is no further extension, the CEO of Essar Ports Ltd. said. While …
India’s dry bulk, energy shipping to normalize in 3-4 months: Essar Ports CEO Read More »
Wiper on Oil products tankerJoin date: 20.05.2020Duration of contract: 6+-1Vessel’s Type: Oil products tankerDWT: 35841Year built: 1999 Interesados: odessa@tenetmarine.com.ua
The owner of a Philippine cargo ship has paid $45,000 in compensation to a Vietnamese fisherman for ramming and sinking his boat on May 1. Vo Dinh Phuong, the owner of the fishing boat, said last Saturday he had received the money from the owner of the freighter White To Mony. His boat with six …
Philippine shipping company pays $45,000 for sinking Vietnamese boat Read More »
Norwegian oil major Equinor has been given a drilling permit to drill the 30/2-5 S well in the North Sea, offshore Norway. Under the permit, given to Equinor by the Norwegian Petroleum Directorate (NPD), the well will be drilled in production license 878 using Seadrill’s West Hercules semi-submersible drilling rig. Equinor is the operator with …
Equinor granted drilling permit for North Sea well Read More »
Austrian oil and gas company OMV has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the Island Innovator drilling rig. The consent was given for two wells, designated 6506/11-12 S and 6506/11-12 A, located in production license 644 in the Norwegian Sea where …
Green light for OMV to use Island Innovator rig in Norwegian Sea Read More »
