International Shipping Regulations That Enter Into Force
Potential consequences from the fallout of the commonly referred IMO-2020 were overshadowed by the impact of COVID-19, says a recent regulation update published on Standard Club website.
The article also provides an overview of some...
Newbuild Order Spike Probably Won’t Lead To Rate Relief
Q4 2020 container-ship orders were the highest since Q3 2015, reports Freight Waves.
A jump in newbuilding orders
In virtually any ocean shipping market, a big jump in newbuilding orders is a headwind for future freight...
[Answer] What are the Symptoms of Hypothermia?
The US Coast Guard explains which are the symptoms of hypothermia, highlighting that body heat can be lost 25x faster in cold water than in air, says an article published in safety4sea.
What is Hypothermia?
USCG...
Ship Repair is All About Fine Act of Financial Balancing
Shipowners have limited options to access financing for ship repair, given the capital-intensive nature of vessel repairs also represents a financial risk for shipyards.
Typically, a shipowner must fund the entire capital cost...
Unique Shipping Exits from Bulker Segment
Private Hong Kong owner, Unique Shipping, is quitting the bulker segment, offloading its one cape, a ship that’s been with the firm since it hit the water some 14 years ago, says an article...
LNG Bunkering Supporters Top Amidst IBIA Association
Bunker industry association IBIA announces its list of candidates to join its board, including two strong supporters of LNG bunkering.
Both Prokopakis and Rosenkrans are prominent advocates of LNG bunkering.
They could be expected...
MPA Announces Requirements With Immediate Effect for Crew Changes
Crew change in Singapore-port authority implements full Personal Protective Equipment requirement, says an article published in BIMCO website.
MPA PPE announcement
The Singapore Maritime Port Authority announced full personal protective equipment required with immediate effect, for...
Prelude Floating LNG Resumes, Sparks Rise in Spot Rates
Cargo shipments resume at the 3.6mn t/yr Prelude floating LNG (FLNG) offshore Western Australia (WA).
The shipments take place after 11 months it went off line in February 2020 due to technical issues.
...
American Bunker Market Witness Spike in Spot Fuel Prices
Key ports throughout the Americas saw spot retail marine fuel pricing climb during the week January 4-8, with bunkers values tracking stronger US energy futures higher, reports Platts.
Latin America
Latin America bunker prices are starting...
US Fuel Prices Hit An ‘Year High’ Amid Limited Supplies
USGC marine fuel reached its highest level in nearly a year January 7 on a rebound in the underlying crude complex along with limited blending components, reports Platts.
US marine fuels climb high
USGC marine fuel...