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updated Fri. April 26, 2024

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Maritime analysts have pointed out that while ship owners will try to pass the additional fuel costs to consumers, but it may not always be possible since freight is a function of demand and supply. Already differences over tariffs between the US and China can reduce the trans-Pacific trade flow and thereby ...
Bureau Veritas has introduced the first phase of My Fuel Consumption, a cloud-based and secure web application for desktop, mobile and tablet that aims to make compliance easy, with a digitized process throughout the various steps of IMO-DCS (declaration of fuel consumption) and EU MRV regulations ...

Norddeutsche Reederei is upgrading communications on its fleet of container ships to improve operational efficiency and crew welfare services. This Hamburg, Germany-headquartered group is installing VSAT and bandwidth management systems on up to 50 ships, to enable the owner to run business ...
Oil companies should be prepared to pay higher rates for renting offshore service vessels, in order to secure the long-term survival of a key part of the industry's supply chain, the Norwegian Shipowners' Association said on Thursday. Energy firms sharply curtailed investments in the wake of the 2014 oil ...
The Federal Transport Authority (FTA) for Land and Maritime has started cracking down on ship owners abandoning and ill-treating seafarers. The authority has banned all ships belonging to a shipping company, which did not protect seafarers' rights, from operating in the UAE waters. The ban on ships ...
Fleet-owners in India have threatened to flag their ships outside the country if cabotage is further eased and a so-called right of first refusal (RoFR) available to them is removed. Forcefully defending its turf in the wake of signals emanating from the governments policy managers in Delhi on potential ...

Members of the Ship Owners and Agents Association of Ghana are calling on the government to come clear on the modalities of the Cargo Fumigation Exercise. This comes after various associations including the Ghana Union of Traders Association (GUTA), and Ghana Institute of Freight Forwarders ...
The owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship's exhaust before letting it out. It isn't an easy call. Retrofitting a vessel with a sulfur-trapping exhaust ...
While the benefits of new technologies are clear, ship-owners will need to assess whether their crews are ready to use the tools available. 31% of those surveyed felt that crew competencies and skill sets were not at all prepared for smart shipping and only 15% felt that crews were prepared. As a result ...
You can look at recent financial and stock market results to compare ship-owners Seaspan Corporation (NYSE: SSW) and Diana Shipping Inc (NYSE: DSX). However, that might not give you the best possible answer for which one is the better investment for your portfolio. Why? Because the two ship ...
The Nigerian Shipowners Association (NISA), importers and clearing agents have urged the Federal Government to work with the five per cent growth forecast by the Nigerian Maritime Administrator and Safety Agency ( NIMASA). According to them, there has been a steady increase in the level of ...
Ship owner GasLog Ltd. announced it has ordered another newbuild liquefied natural gas (LNG) carrier from South Korean shipbuilder Samsung Heavy Industries, with options for additional newbuilds. The 180,000 cubic meter capacity Flex Plus vessel with XDF propulsion is the second LNG carrier ...
It aims to improve transparency in the global ship recycling value chain by facilitating voluntary disclosure of recycling practices and related data by ship owners, and to support use of this information by cargo owners, investors and financial stakeholders to make better decisions. Stephanie Draper, Chief ...
Belgian underwater repair specialist Hydrex says it is carrying out more modifications to a ship's underwater areas and equipment in addition to the company's more common damage rectification work. The increase in this type of work - to propellers, in particular – follows the recent introduction of the ...
Hyundai Heavy Industries (HHI) is to offer ship owners greater insight into ship and engine performance by integrating engine developer Winterthur Gas & Diesel's (WinGD) diagnostics system into its own data analysis platform. In 2017, HHI launched its INTEGRICT-Smart Ship (ISS) solution, which collects ...
Athens - As tanker freight rates are still reeling under the pressure of oversupply of tonnage, more and more tanker owners are entering consolidation mode, in a bid to improve economies of scale and avoid financial problems. In its latest weekly report, shipbroker Gibson said that “just before Christmas last ...
The city of Los Angeles Friday sued the owners and other parties associated with the 577-foot cargo ship Istra Ace, in which faulty piping allegedly caused an oil spill in the Port of Los Angeles in 2016 that covered more than 70 acres and took 23 days to clean up. The Los Angeles Superior Court lawsuit ...

The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets.
Ship owner and broker Charles M Willie and Co has enjoyed its best year in a decade with turnover reaching £26.5m. For the year to 30 November 2017 the Cardiff-headquartered company also increased adjusted earnings (EBITDA) to £2.15m, up from £1.76m the year previously. The business also sold ...
Following some rather active start to the new year, ship owners have started to ease from committing additional funds to newbuilding contracting or second hand acquisitions. In its latest weekly report, shipbroker Allied Shipbroking noted that “it looks as though things may have eased back slightly this past ...
A group of leading ship owners, investors, and NGOs has today officially launched the Ship Recycling Transparency Initiative in a bid to crack down on environmentally irresponsible ship-breaking practices that continue to dog the global shipping industry. Backed by Forum for the Future, the Sustainable ...


 

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