Yearly Archives: 2021
Early 2022-23 Contract Discussions Witness Surge in Container Rates
Shippers vie for secured space, carriers levy MQC requirement
Carriers pushing for multi-year deals, full-scale offering
Contracts may include less free time, higher...
Seafarer Unions Launch New Quarantine Protocol Amid Omicron Crunch
Shipowners, seafarers’ unions and maritime employer groups are establishing their own approved international network of quarantine facilities to ensure seafarers can safely join ships,...
Texas Pipeline Company Fined Millions for Illegal Oil Discharge
Houston-based oil company and two subsidiaries were indicted for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors...
Insurance Firms Join Initiative To Decarbonize Global Shipping
Decarbonisation is the need of the hour.
It can be achieved by using alternative fuels or focusing on renewable energy sources.
Leading companies in...
Crew Related Covid-19 Claims
Protection and Indemnity (P&I) insurance is named risk liability insurance and cover terms are found in the P&I Rules for ships entered in...
3D Metalforge Finalized Testing Of Additive Manufactured Parts
3D Metalforge has finalized testing of a set of functional additive manufactured parts onboard the Polar Endeavour crude oil tanker.
The pioneering project...
A Pioneering Framework To Support The Decarbonisation Of Shipping
Six of the world’s leading marine insurers, supported by a drafting committee which includes Lloyd’s Register (LR), have launched a ground-breaking initiative to...
LNG Stocks Rise 8.7% On Week To 2.37 mil mt
Japan's LNG stocks held by major power utilities rose 8.7% to 2.37 million mt Dec. 12 from 2.18 million mt the week before, the...
Cheniere – NFE North Trading LNG Supply Deal
NFE North Trading, a unit of U.S. gas-to-power developer New Fortress Energy, has signed a deal with LNG exporter Cheniere Energy for a six-year...
ICHCA Issues Safety Guidance for Goods Storage & Handling Facilities
The tragic incidents in Tianjin and Beirut have marked a decade of increased concern over the safety of dangerous goods stored in ports, terminals...