BIMCO Develops ‘Refund Guarantee’ To Tackle Legal Uncertainties
BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms.
The refund guarantee aims to provide an instrument which removes legal uncertainties.
Refund guarantees play a vital...
Oil Refiners Close Plants Over Lost Demand Worries
Oil refiners shut plants as demand losses may never return.
The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants.
Consumption has not returned to pre-pandemic levels and lower travel...
UN Biodiversity Report Shows How the World Fails Nature Targets
In 2010, leaders from 196 countries gathered in Japan and agreed on a list of goals designed to save the Earth and target was 10 year plan to be completed in 2020, and now when...
COVID19 Pushing Containershipping Future To E-commerce
With global companies going for e-commerce in a pandemic hit world, the shipping industry is suddenly finding favor with an upsurge of investments. One such case is CMA CGM which has received logistical solution...
Crew Birthday Bash Leads To the ‘Mauritius Oil Spill’ Reveals Investigation
A Japanese ship that ran aground on a coral reef off Mauritius may have changed course to get a mobile data signal for a birthday celebration on board.
The M.V. Wakashio crashed into...
[FAQ] Enviro Protection Notations for Vessels
Environmental Notations for ships are extremely important to make shippers follow environmental regulations. Keeping that in mind, the ABS group has published an environment notation guidelines.
Let's take a look at it.
ENVIRO and NOx Tier...
Why Young People Are Prone To Flu Deaths?
Often we think of frail, elderly people as being vulnerable to the deadly complications of the flu. While that's true, perfectly healthy children, teens, and young adults can also die from the disease, reports...
Masks Making People Immune To COVID19, Says Study
In a major development, researchers have found out that people who contract coronavirus might not become as sick if they wear masks, that is, the mask appears to give them immunity, reports NewsHub.
Evidence of...
Study on CO2 Footprint To Help IMO Address Ship Emissions
The CO2-emissions associated using an Exhaust Gas Cleaning System (EGCS, or scrubber) vary between 1.5% and 3% for a number of representative ships.
The emissions caused by producing low-sulphur fuels for these ships...
Organisations To Collaborate On Improved Container Safety Guidance
Global groups to collaborate on container safety improvements.
Collaboration aims to promote awareness and wider use of the CTU Code.
Changes in regulatory requirements to improve their clarity, implementation and enforcement and the...