The fourth edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships is now available and lays the foundation for further improvements and refinement of companies’ cyber security risk assessments. The version 4 of the cyber security guidelines is published at a time when shipowners and ship managers are faced with …
Industry publishes new and improved cyber security guidelines Read More »
Dirty and clean tanker markets across Asia-Pacific are expected to stage a modest recovery next year, but pre-pandemic demand is unlikely to return anytime soon, unless there are a series of bullish surprises. Freight market participants do not expect next year to be worse off than second-half 2020 in terms of tanker demand, but are …
Slow recovery, sporadic rallies to be hallmarks for tankers Read More »
The Baltic Exchange’s main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 4 points, or 0.3%, …
Baltic index marks first yearly gain in three on China iron ore demand Read More »
The composite index increased 1% this week, and 169.2% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $2,129 per 40ft container, which is $590 higher than the five-year average of $1,539 per 40ft container. Drewry’s composite World Container index increased 1% or …
Drewry: World Container Index Up By 1% and 169.2% Y-o-Y Read More »
The COVID-19 pandemic continues to destabilize the world in more ways than one, as freight rates surge for trading firms in Asia as the result of global supply chain disruption. Trading firms are facing delayed deliveries and potential business losses, and pointing their finger at logistics companies. Freight rates between Shanghai and the UK rose …
Russia’s first cargo and passenger ship-to-ship LNG-bunkering vessel has been set afloat — shipyard specialists having completed the main stage in the vessel’s construction, including assembling the hull and installing LNG fuel tanks and other auxiliary systems, in record time. The vessel has been moved to dock for final installation of navigation systems and controls, …
In the last few days of December 2020, South Korean shipbuilders are witnessing a surge in liquefied natural gas (LNG) carrier orders. Since 21 December, Samsung Heavy Industries (SHI) secured orders for the construction of eight LNG carriers and Korea Shipbuilding & Offshore Engineering Co. (KSOE) for nine LNG carriers. On 23 December, SHI said …
Korean shipbuilders report LNG carrier ordering spree Read More »
3rd OfficerDuration of contract: 4Vessel’s Type: LPG (Liquefied Petroleum Gas carrier)Sea-going Experience: 1 contract and more on a same type of vessels in the rankEnglish Level: Average and higher Interesados: hr@bmccompany.com.ua
French container shipping major CMA CGM has named its fourth LNG-powered 23,000 TEU ultra large containership, the CMA CGM Louvre. The naming ceremony was held on December 22 in Shanghai. She is the 4th of the nine 23,000 LNG-powered vessels CMA CGM ordered back in 2017, built by Jiangnan Shipyard. It is estimated that an …
CMA CGM names 4th 23,000 TEU LNG-powered boxship Read More »
US-based marine energy company Ocean Power Technologies (OPT) has welcomed three new members to its board of directors. OPT’s PB3 Operating in the North Sea for Premier Oil (Courtesy of OPT) Clyde W. Hewlett, Diana G. Purcel, and Peter E. Slaiby were elected to join OPT’s board of directors by the company stockholders at the …
