New MARPOL Amendments Comes into Force! Is Your Vessel Compliant?
The latest amendments to MARPOL Annex V takes effect on 1 March 2018, and requires cargo vessel to implement changes associated with the handling, management and record keeping of garbage onboard, reports Gard.
Old Garbage...
Oil Buyers Ditch Paper for Blockchain to Track Tanker Sales
Every day, dozens of oil tankers -- some as long as five football fields are set sail for ports around the world carrying millions of barrels of crude and a piece of paper that...
Asset Market Review – VLCC
Over the course of 2017, VLCC tanker values exhibited price depreciation for the second consecutive year, as the market fundamentals put pressure on earnings. Newbuilding contracts averaged US $82.8 million (basis Korea/Japan), a decline...
Lower Capesize Rates Weigh on Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, broke a six-day winning streak on Tuesday, fell below average lower rates for capesize vessels.
Index Factors
The overall index, which...
Next Role for Drones Could be Ship-to-rig Transfers
By David Foxwell
Every week seems to bring news of another new potential application of unmanned aerial vehicles or drones. The last couple of weeks were no exception.
Until now, most of the attention is focus...
New Ships’ Routeing Systems
The IMO NCSR Sub-Committee has approved the Danish Maritime Authority’s proposal for new ships’ routeing measures, thereby bringing new routes in the Skagerrak and the Kattegat one step closer and enhancing safety of navigation.
Because...
[Watch] $2.25M Fine for Pollution Violations
A shipping company based in Monaco was fined more than $2 million and one of its employee was convicted on charges of causing pollution by a tanker.
What happened?
The company Sea World Management & Trading...
One Killed, One Wounded in Cargo Ship Explosion in Sinop
On February 28, one person was killed and another was injured, when a cargo ship exploded in Turkey.
What happened?
A Liberian flagged dry cargo vessel ‘Mümtaz Amca’ was four miles off the Coast of Sinop,...
Predictive Analytics: The New Hot Ticket in Shipping?
The adoption of predictive analytics for port operations is proving increasingly popular, as the technology can help ports achieve better unloading and offloading times and less truck idling. But despite successful case studies in...
[Watch] Helicopter Underwater Egress Training
Helicopter Underwater Egress Training or HUET is a safety course that will train you to safely exit the aircraft in the event of an emergency.
Disclaimer: This video is intended for informational purpose only. This...