Asia Tankers-VLCC Rates Supported by Floating Storage
by Keith Wallis
Trafigura hires five VLCCs to store oil; short-term storage a profitable play.
Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for floating storage and crude...
Missing Cruise Ship Nanny ‘Had Sex With Man in Front of Female Lover’
Newly emerged police notes claim missing cruise ship worker Rebecca Coriam had sex with a male crew member in front of her on-board female lover.
Controversy surrounds the disappearance of the 24-year-old who vanished off...
Ballast Water Management: Is the Cure Worse than the Disease?
By Marco Monteverde
The 8 September 2017, the Ballast Water Management Entry Into Force, is fast approaching. While it defines a new approach to solve the current situation, it seems to create a new problem.
Ballast water...
World’s First Remote-controlled Commercial Ship Demonstrated
A captain from the global towage operater Svitzer was able to steer a 28 metre-long tug through Copenhagen Harbour, dock and undock at a quay, and turn the ship 360 degrees – without moving from the...
Finding Calm in the Storm: The Best Time to Adjust Strategy
OVERVIEW
There are ups and there are downs. Cyclical industries are characterized by factors sometimes out of their control.
Take energy: the industry was riding high on $110 a barrel oil in 2014. Less than a...
Does UK Gas Storage Closure Increase Reliance on Divertable LNG?
The closure of the UK’s main seasonal gas storage facility, Rough, could reduce LNG deliveries to the UK in future summers but increase them in future winters. Abundant local regasification capacity and increasing global...
7 Tips on Hazards of Mooring Line Snap-Back
Introduction:
A deck officer in charge of the forward mooring party on board a very large liquid natural gas (LNG) carrier was seriously injured when a tensioned mooring line parted. At the time of the...
No Crew in Cargo Ships Pilot House While Freighter Collided
According to tracking data that emerged in the course of the investigation. The Philippines-flagged freighter that struck the USS Fitzgerald off the coast of Japan last week was on autopilot at the time.
The collision...
Cargo Ship Crew Member Found Dead Inside Cabin
A crew member of a cargo ship docked in Manila Bay was found dead inside the vessel cabin early Saturday morning.
What happened?
A report by SPO2 Donald Panaligan of Manila Police District's homicide division identified...
Tankers and Bulkers Top Priority Among Ship Owners
Meanwhile, market sources have indicated that since the start of 2017 and up until the early part of June, Greek owners have poured a total of 2.42 billion euros, for the acquisition of 151...