Yearly Archives: 2023
Carriers Impose Season Surcharges As Capacity Crunch Looms
Ocean carriers are imposing emergency peak season surcharges (PSSs) as global supply chains face weeks of disruption with ships being re-routed via Southern Africa...
Statutory Alert: Reporting Use Of Overridable Power Limitation
Lloyd's Register has issued a statutory warning to all shipowners and ship operators of ships fitted with overridable engine/shaft power limitations.
Overridable power limitation on...
Shipbuilding Giant To Pay Out $290m Over Defects In LNG Carriers
Samsung Heavy Industries Co., a South Korean shipbuilder, has been ordered by an arbitration centre in London to compensate US$290 million to SK Shipping...
Argus Viewpoint: HSFO To Face Continued Strain
Supply pressures will continue to elevate European fuel oil prices in 2024, with relief coming from hitherto less significant exporters a possibility, while bunkering...
[Watch] Inside A $130M Superyacht
The 295-foot Phoenix II features seven staterooms, an Art Deco interior inspired by Radio City Music Hall, a wine cellar, and a theatre and...
Declining Capesize Rates Drive Baltic Index Downward Trend
The Baltic Exchange's dry bulk sea freight index hit a three-week low, mainly due to Capesize rates dropping significantly by 4.3%.
Capesizes, transporting...
Growing Trend In WAPS Leading The Future Standard Of Ship Designs
WAPS installations are becoming a standard feature.
Wind installations gain traction.
TR Lady, with class approval from Lloyd's Register.
Leading figures in WAPS technology...
Gastrade’s Converted Tankers Anchorage At Alexandroupoli Port
Gastrade's converted tanker arrived at Alexandroupoli port after its conversion.
The ship will be secured with 12 anchors with specialized tug assistance.
The...
The World’s Heaviest Cargo Plane Activates Without A Pilot
Droneliner plans to computerize cargo aircraft.
The Droneliner's design prioritizes sustainability, boasting a hybrid system.
Plans to limit flights to non-residential zones and...
DNV’s Game-Changing Shore Power Class Notation For Tankers
DNV introduces updated rules for safe tanker shore power, addressing safety concerns in hazardous cargo transport and industry regulations.
Collaborative efforts by industry...