The global tanker market is growing anxious as the US is considering imposing additional sanctions on oil tankers that have recently loaded oil from Venezuela, as it seeks to put a stranglehold on the Latin American country’s oil revenues. Several shipping sources said the US government is looking to penalize over 50 tankers that have …
US sanctions threat over tankers going to Venezuela unsettles market Read More »
The current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of Covid-19. This is due to the reduced attractiveness of a career at sea and rising man-berth ratios which will inflate future manning costs, according to the latest Manning Annual Review and Forecast report published by global …
Officer shortage to widen and inflate manning costs Read More »
Opinions. Everyone’s got them. Usually those with the loudest voices are those who have the least idea about what they are on about. I’m sure you’ve been there around the Christmas table when one member of the family decides that not losing face in an argument is more valuable than peace and goodwill around the …
Ship owners are postponing or cancelling the installation of “scrubbers” that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances. Regulations from United Nations agency the International Maritime Organization (IMO), which took effect in January, were viewed by the oil and shipping industries as one of the first worldwide efforts to …
Scrub that: Pandemic forces ship owners to shelve anti-pollution gear Read More »
Very Large Gas Carrier rates on the Persian Gulf to Japan route extended losses, hitting over 15-month low to under $29/mt this week, as tepid demand for Middle East LPG and lower Saudi supply kept charterers sidelined amid ample vessel supply and trader relets, market sources said. Freight was at $28/mt on June 11, matching …
Persian Gulf to Japan VLGC rates extend fall to over 15-month low Read More »
INTERCARGO has long recognised the need for companies in the dry bulk sector to have a widely accepted and common quality benchmark. First considered five years ago, the issue was revisited in 2018 and since 2019 INTERCARGO has been developing with its Members and with external expert support DRY-SAS, a dry bulk sector quality Self-Assessment …
INTERCARGO: Consultation on a dry bulk sector quality self-assessment scheme Read More »
Commenting on the today’s confirmation by the UK government of new border controls and procedures from the end of the Transition Period, the trade association for UK freight forwarders questioned whether the phased transition will succeed in giving the companies that manage cross-border trade between the UK and EU enough time to make the necessary …
Mitsui O.S.K. Lines, Ltd. yesterday announced that Propeller Boss Cap Fins (PBCF), marketed by its group company MOL Techno-Trade, Ltd. (MOL Tech; President Hirokazu Hatta; Headquarters: Chuo-ku, Tokyo) won the Award for Logistics Environmental Impact-Reducing Technology Development in the 21st Logistics Environment Award , as selected by the Japan Association for Logistics and Transport. PBCF …
Governments need to urgently act to ensure ships’ crew changeovers can take place to keep world trade flowing and avert a humanitarian and ship safety crisis, IMO Secretary-General Kitack Lim has told Member State representatives. “We are on the verge of a humanitarian crisis and a real safety issue – we cannot expect seafarers currently …
Act on seafarer crew changes to avert humanitarian crisis Read More »
Global ship management company V.Group has repatriated 7,315 seafarers in the three months since 17th March. Stranded at sea due to the crew change crisis, the seafarers comprised 89 nationalities and were moved from 662 vessels. 1,879 seafarers were repatriated in the last week alone. V.Group, which has more than 60 offices in 30 countries …
V.Group repatriates more than 7,000 stranded seafarers Read More »
