Yearly Archives: 2019
Ship Operating Costs on the Rise Due To R&M and Insurance Claims
According to a report published in Drewry, underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend.
Cost...
Why Scrubber Discharges are Banned in Ports?
Operators that have invested in open loop scrubbers have announced that they are restricting or completely banning ships.
They have banned ships that...
[Answer] Do You Know What Plimsoll Lines on Ships Indicate?
Have you ever wondered what Plimsoll lines are? And why are they called Plimsoll? Professionals across the shipping industry may be familiar with the...
Intra-Asia Trades Witness Wavering Freight Rates and Faltering Profits
Increased competition and vessel cascading on intra-Asia trades has led to rock-bottom freight rates and plunging profits for regional carriers, reports the Loadstar.
Annual drop...
Global Trade Conundrum Hinders Transpacific Spot Rates
Container spot rates across the board fell this week, according to the reading of the Shanghai Containerized Freight Index (SCFI) on Nov 15, reports...
Weekly Tanker Report – Week 49, 2019
The Baltic Briefing has issued the tanker report for the 49th week of this year. The report dated 06th December 2019 provides a valuable insight...
LNG and LPG Touted To be Promising Fuels of Tomorrow
According to DNV GL, gas as shipping fuel for shipping is the “best choice” for the next decade if the maritime industry is looking...
Australia’s Billion Dollar Hydrogen Strategy
CSIRO, Australia's national science agency, maps the critical research steps Australia has to take to realize a hydrogen industry it says is potentially worth...
Wartsila’s Take on Meeting the Challenges Ahead for Shipping
According to an excerpt published in Seatrade-Maritime News, ahead of Marintec China we talk to Östen Lindell, Director, Marine Unit East Asia & China,...
Bimco and Partners Launch Hull Underwater Cleaning Standard
In response to growing concerns over the impact of hull bio-fouling on the marine environment, BIMCO and a group of industry partners have set...