Oil Price Tends to Have a Lot of Geopolitical Noise
Since early last year, commodity markets have signaled a rebound in global economic growth following the recession that rolled through the global energy industry during 2015.
While oil prices have remained strong this year, industrial...
Onboard Sulphur Filtering: A New 2020 Vision
According to maritime technology supplier Green Framework, the onboard desulphurisation could provide an alternative to low-sulphur fuel, scrubber installations or LNG for compliance with the IMO’s global sulphur cap from 2020.
Desulphurisation process:
The desulphurisation process...
Manoeuvring in Hazardous Area with No Echo Sounder Results in Grounding
Summary
At 0830 on 15 May 2016, Surprise’s skipper attended the SMBA’s daily planning meeting, where he was allocated a sightseeing trip to Western Rocks and Bishop Rock Lighthouse. Following the meeting, the skipper and...
Seafarer Suicide Rates Triple!
Recently the BBC released a film which shows the life of a seafarer and the pressures faced by them onboard.
Narrative style:
The film features the life of a seafarer expressed through the eyes of an...
[Watch] Suicidal Thoughts Onboard
It is estimated that 90% of global trade is carried by ship, but little is known about the lives of the thousands of people who work in shipping and at sea. Now new research...
Containers Weekly Round Up: Contract Negotiations in the Spotlight
November has turned out to be a tug of war contest for the global front haul routes as the annual contract negotiations take the spotlight. The carriers are attempting to keep rates higher than...
CMA CGM’s €250 Million High Yield Bond Issuance
Shearman & Sterling represented BNP Paribas and HSBC as initial purchasers on CMA CGM’s €250 million issuance of 5.250% senior notes due 2025. The notes are being issued as additional notes under CMA CGM’s...
Fully Electric Cargo Ship Launched in Guangzhou
The world's first 2,000-metric-ton all-electric cargo ship has been launched in Guangzhou, the capital of Guangdong province.
The ship, manufactured by the Guangzhou Shipyard International Company Ltd, represents a technological breakthrough as it is the...
Sulphur-limit Clock is Ticking!
Shipowners must take decisions on their fuel strategy in the light of new International Maritime Organization (IMO) regulations.
But according to one bunker broker, installing scrubbers to continue burning heavy fuel oil could backfire.
The decision by...
Panama Canal Expansion Pits East Coast vs. West Coast
Asian shippers are siding with the Notorious B.I.G.’s declaration of regional loyalty from the 1997 hit “Goin’ Back to Cali”: “If I got to choose a coast, I got to choose the East.” The...