Owner Indecision Puts Compliance at Risk
With the ongoing debacle with the ballast water management convention delayed even further after 14 years of haggling at the IMO, some shipowners might think that implementation of the 0.5% global sulphur cap might...
IBIA’s Best Practice for Suppliers to Form Basis for Developing IMO Guidance
IBIA sets up new standard for suppliers to help better develop an IMO guidance. Following its participation in the IMO’s efforts, the first edition of IBIA’s, “Best practice guidance for suppliers for assuring the...
Wartsila Misses Expectation, Eyes Rolls-Royce Unit
A slow demand in the marine market has led to the formation of a new bond between Wartsila and Rolls-Royce. The Finnish ship technology and power plant maker Wartsila missed its first-quarter earnings expectations on...
Markets – A Disappointing Week
Last week proved to be disappointing for those who had expected a rally and had resulted in firming rates for VLCCs when we embarked on the MEG and West Africa May programme.
Rates were at...
Dry Bulk Shipping Stocks Win Upgrades
Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street...
Diana Time Charters with Uniper
Diana Shipping Inc., (the "Company"), a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper...
Ask the Expert – What are the Key Factors to Safer Welding
Constantly striving for safer welding can be challenging. Here's how you can use digital tools and streamlined processes to overcome your challenges efficiently and effectively reports wilhelmsen.
Common challenges to a safer welding
Welding and cutting...
[Watch] Tips to Safer Welding
Constantly striving for safer welding can be challenging. Here's how you can use digital tools and streamlined processes to overcome your challenges efficiently and effectively.
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Tidal Stream Ship Grounds Twice in Two Days
Summary:
On 10 June 2017, the UK registered bulk carrier Ocean Prefect grounded when approaching Ahmed Bin Rashid Port, in Umm Al Qaywayn, United Arab Emirates. The vessel was not damaged and refloated 12 hours...
Is Your Vessel SPRO Compliant? China Fines After Spot Inspections
It has of course been a requirement since 2012 for certain vessels to pre-contract with a Ship Pollution Response Organisation (or “SPRO”) before entering Chinese ports. The International Group has published various standard documents...