LR Classification Awarded To Multi-Role Ships for German Government
Bundesanstalt für Wasserbau BAW has been appointed LR as the classification society.
The LR status has been awarded for new 95-meter Multi-Role Ships.
The next-generation vessels will be capable of performing a number...
Crudes Slide As Oversupply and Demand Fears Recur!
Crude futures slip as oversupply and demand concerns resurface.
Market concerns have prevailed over the inadequacy of the recent OPEC+ deal to balance out the sharp decline in oil demand.
Platts sees 2020...
Fatal Consequences of Inadequate Heeling!
An article in Hankyoreh details the assessment of MARIN, a maritime research institute located in Wageningen, the Netherlands, on the lessons of the Sewol ferry disaster.
Sewol ferry disaster
The sinking of MV Sewol also called...
Cosco Shipping Lines Launch EMA Service To Offer Key Port Amenities
Cosco Shipping Lines is launching a new dedicated East Mediterranean - US East Coast (EMA) service in April.
EMA will offer dedicated service to/from the key US East Coast ports.
EMA service can...
IACS Address COVID19 Concerns With A Letter To Industry Associations
IACS has received many requests from interested parties seeking guidance on how it will respond to the current and forthcoming challenges posed by the COVID-19 pandemic.
The purpose of IACS Procedural Requirements (PRs)...
Grounded Product Tanker Gets Re-floated!
Product tanker Volgoneft 249 ran aground in Kama river estuary downstream from Kazan city.
The tanker was loaded with gasoil and was en route from Bashkortostan to Rostov-on-Don.
The tanker was re-floated and...
[Infographic] COVID19 Impact on Worker Availability at Ports
The IAPH-WPSP survey explains how the COVID-19 outbreak has impacted the availability of workers at ports.
Huge impact on worker availability
The measures to fight the COVID-19 outbreak up to now have not had a huge...
Tests Confirm 150 COVID-19 Cases in New Cruise Epicentre!
Nearly 150 cases of coronavirus infection have been confirmed onboard quarantined cruise ship.
57 more crew had tested positive.
The cruise ship was docked in Japan for repairs and maintenance.
No passengers are...
UN Warns Global Economy Could Shrink by 1% Due To COVID-19
The global economy could shrink by up to 1 percent in 2020 due to COVID-19.
UN-DESA said the pandemic is disrupting global supply chains and international trade.
Governments are rolling out large stimulus...
COVID19 Bunker Credit Proving To Be the ‘Achilles Heel’ of Shipping!
Despite its strength and significant role in world trade, the shipping industry is potentially vulnerable to an “Achilles heel” where financing its bunker fuel procurement is concerned, writes Irene Notias in an article published...