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BIMCO: Trade War may change Soya Bean Trade Lanes
Soya bean trade lanes may change due to the ongoing trade war. The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes…
2020 Low-sulfur Rule to Trigger Huge Disruptions -IEA
The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulfur that vessels can emit from 2020, according to the head of the International Energy Agency's (IEA) oil industry and market division.The new rules drastically cut the amount of sulfur that the world's ships can emit, from 3.5 percent currently to just 0.5 percent. Ships that install "scrubbers" that remove sulfur as the fuel is burned can continue to use higher sulfur fuels…
Update: Ship Leaking Butane after Collision in Singapore
Singapore's Maritime and Port Authority (MPA) said it is investigating a collision between two tankers in Singapore waters on Tuesday that led to a leak of liquefied…
German Shipbuilding: A Strong Vessel in a Heavy Sea
While orders for new vessels have continued to decline worldwide in 2017, the situation in the German and European shipbuilding market is different, with an increase of incoming orders. As shipping experts state: “…this is not a trend but a snapshot, but it indicates a high competitiveness of the German shipbuilding industry, particularly on technologically advanced projects.”The global mood barometer of the maritime industry had reached its lowest point in 2016.
Taking Lessons from El Faro to Assess Cyber Risk
The International Maritime Organization (IMO) January 2021 deadline for ship owners and managers to incorporate cyber risk management into existing Safety Management Systems is closer than many realize, especially given the complex profile that the risk presents and the need for a well-detailed procedure to help protect marine assets and businesses. The failure to properly address cyber risks is much…
Ballast Water Regs: Difficult and More Difficult
As the U.S. Coast Guard tightens its BWTS compliance rules and more systems are approved, there are still many unanswered questions for operators finally looking to comply.It’s no secret among marine stakeholders that ballast water regulations remain a top concern at the start of 2018, and a confusing one, to say the least. Hence, if someone offers to sell you a clear, concise and complete ballast water instruction manual, move that email over to your spam filter right away.
Baltic Index Snaps Seven-session Losing Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Monday, helped by a rise in capesize vessel prices. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up four points, or 0.42 percent, at 952 points, marking its first gain in eight sessions. The capesize index gained 30 points, or 3.64 percent, at 854 points, moving further away from a near nine-month low touched on April 5.
Baltic Index Down for Seventh Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Friday as losses in smaller vessel segments…
HII, KBR to Manage Aussie's Naval Shipbuilding College
Huntington Ingalls Industries announced that Australia’s Department of Defence has awarded a contract to Naval Shipbuilding Institute (NSI), a joint venture between…
Obituary: Robert Maxwell, MD, BSM Singapore
BSM announced the passing of dear friend and colleague Robert (Bob) Maxwell, Managing Director of the Singapore office. Bob passed away on Monday, 26th March after a long struggle with cancer.
Poland to Host World Maritime Day Celebration
World Maritime Day is celebrated all over the world and every year International Maritime Organization (IMO) sanctions an official “Parallel Event” to formally mark…
Maritime to Get Biggest Bang for VW Settlement Bucks
Imagine a settlement over falsifying emission levels in another transportation sector dropping money onto your deck. Who knew? But it’s true. The $2.9 billion settlement fund Volkswagen agreed to capitalize for distribution across all 50 states, tribal lands and Puerto Rico, as a result of “dieselgate,” its criminal dodging of required auto emission levels, presents an unparalleled opportunity to maritime companies that want to move their noxious diesel engines up a couple of EPA notches…
Subchpter M: The Clock is Ticking
No matter what route you take, time is marching on and that means compliance requirements, inspections and audits are just around the corner. This July, major sections of the Subchapter M regulation will enter into force as the towing industry begins the process of certifying as many as 5,700 U.S.-flagged vessels that fall under the remit of the new safety and environmental standards. Demand for technical…
Interview: Angus Frew, Secretary General, BIMCO
BIMCO’s Secretary General & CEO Angus Frew spent some time with Maritime Reporter & Engineering News to discuss the burning topics of the day in maritime … environmental regulation, digitalization & cyber security, and reducing the administrative burden on the ship’s master. We left no stone unturned for the man who recently had his contract extended to the end of 2022 to remain at the helm of the world’s largest international shipping association.
ICS: Compromise Needed on CO2 strategy
Ahead of critical meetings at the UN International Maritime Organization (IMO) which commence on 3 April, the International Chamber of Shipping (ICS) says that…
Ten Things to Do in New York This Spring
Are you a townie or traveler who needs to shake off the sad vibes of wintertime and blossom into spring? Trends come and go in the blink of an eye. Between trend and tradition, don't fear missing out on it all this season. New York is filled with so many sensations and sites. Whatever you do, do not confuse Macy's Flower Show with NYC's The Orchid Show held at The New York Botanical Garden, or you'll give yourself away as a tourist.
Maritime Simulation: High-tech Meets Practical Skills
When talk turns to ‘Maritime Simulation’ visions of high-tech bridge simulators with seamless graphics and interwoven component simulators – engine room, DP systems, cargo loading – come to mind. But modern simulation is so much more, a wholistic visual, audio, tactile and cereberal experience that prepares mariners to deal with a bevy of real-world situations. Modern maritime simulation has evolved rapidly…
Seabourn Ovation Completes Sea Trials
Seabourn Cruise Line's newest ultra-luxury vessel, Seabourn Ovation, achieved another important maritime milestone with the completion of its final round of sea…
British Ports Association Calls for ‘Frictionless’ Brexit
The British Ports Association has published a new strategic report - ‘A Brexit Dividend’, which calls on the UK Government to deliver on the Prime Minister’s pledge…
YANMAR Cruises Into Alaska with Power to Spare
YANMAR only recently arrived in the Pacific Northwest with its mechanical 6AYAM-ET diesel engine. It looks like they are here to stay. In November of last year,…
