Shipping Investors will Fill the Gap Left by the Banks
BY LOUISE VOGDRUP-SCHMIDT
Several prominent family-owned shipping companies, mainly with Norwegian roots, have invested in new company Maritime Asset Partners, which will offer alternative financing for shipping and offshore companies.
"We are an upstart company...
Why Dry Bulk Shipping Could Look Very Different One Year From Now
By James Catlin
Summary
Dry bulk shipping has been caught in a perfect storm for the past three years.
A massive oversupply of vessels paved the way for this historic bear market.
But this situation...
Owners Hold the Upper Hand in Pricing Clashes with P&I Clubs
Rate reductions of up to 5% are starting point for many negotiations, with fewer fleets on the move.
Battles over premium reductions and a turf war between insurance brokers have been as notable a feature...
Trump is Back with New Travel Ban and More Deportations
Sometime this week the Trump administration is planning to roll out a revised immigration ban targeting the same seven countries listed in his original executive order and exempts travellers who already have a visa...
Travel Ban to USA – What Does this Mean for Ship’s Crew?
Even though, the travel ban has been stayed in full temporarily and upheld by Circuit Court of Appeals. Members should still be very vigilant about crew changes, ensuring all immigration visas are in place...
[Watch] ExxonMobil Insight: Part 4 – Fuel Compatibility and Stability
Understand the issues associated with managing distillate and residual fuel, two different categories of marine fuel with distinctly separate operational characteristics.
Disclaimer: This video is intended for informational purpose only. This may not be construed...
Container Truck Topples Off Charles A. Woodley Pier
A truck was left in a precarious situation when its flatbed with a container still on board MV Midnight Tide toppled off Charles A. Woodley Pier.
What happened?
On Wednesday evening, a truck was severely damaged...
Maritime Safety Regulation Must be International
This week, experts from all over the world met in London to debate tomorrow’s safety standards.
New regulations and guidelines on safe mooring arrangements are highly prioritised by Denmark. And the work of the IMO...
Raiders Attack Cargo Vessel, Kill One, Abduct Six
In an apparent attack on a cargo vessel, raiders killed one and abducted 6 crew members in an incident that occurred on Sunday morning.
What happened?
An official on Monday who confirmed the incident said, “A...
Japan Readies for LNG Bunkering as Marine Industry Turns to Cleaner Fuels
Japan, the world's largest LNG importer and accounting for about 35% of global demand, is set to play a significant role in LNG bunkering as the marine industry turns to cleaner fuel options to...