Containership Charter Market Witnesses A ‘Tumultuous’ Year
Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
Starting with where the recovery has been strongest, among midsize and larger assets, there are several clear...
Shipping Giant To Cut Jobs in Major Reorganisation
Shipping group Maersk will cut jobs as part of a major reorganisation, an internal e-mail sent to Maersk employees shows.
The reorganisation will impact its Safmarine and Damco brands, which will cease to...
Buy Your Own ‘Carnival Cruise’ for A Few Millions!
Ship auctioneer CW Kellock & Co. is listing one of Carnival Cruise Line's earliest vessels, the Holiday, next month.
The former Carnival vessel also sailed for Cruise & Maritime Voyages under the name...
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...