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Arun Sharma, the executive chairman of the Indian Register of Shipping, writes for Splash today. The maritime industry’s greatest asset is not its fuel technology, its digital platforms or its regulatory frameworks. It is its people. At a time when shipping is entering one of the most consequential periods in its modern history, this fundamental …
https://splash247.com/the-maritime-industry-risks-forgetting-the-people-who-keep-it-safe/
https://splash247.com/the-maritime-industry-risks-forgetting-the-people-who-keep-it-safe/Taiwan’s Chinese Maritime Transport (CMT) has returned to China State Shipbuilding Corporation’s Qingdao Beihai yard with an order for two more newcastlemax bulk carriers. The Taipei-listed owner confirmed it will pay between $77.5m and $80.5m per 210,000 dwt vessel via its subsidiaries China Vantage Shipping and China Swift Shipping. Deliveries have not yet been disclosed. …
https://splash247.com/cmt-returns-to-qingdao-beihai-for-newcastlemax-brace/
https://splash247.com/cmt-returns-to-qingdao-beihai-for-newcastlemax-brace/Columbia Group has moved to steady the ship by confirming Andreas Hadjipetrou as its permanent chief executive, weeks after the sudden departure of long-time leader Mark O’Neil. Hadjipetrou, a near 30-year veteran of the organisation who most recently served as chief commercial officer, had been acting in the interim role following O’Neil’s exit earlier this …
https://splash247.com/columbia-confirms-hadjipetrou-as-ceo-after-abrupt-leadership-exit/
https://splash247.com/columbia-confirms-hadjipetrou-as-ceo-after-abrupt-leadership-exit/Singapore-listed Yangzijiang Maritime Development has moved to deepen its forward fleet with an order for 10 newbuildings spanning tankers and bulk carriers. The group said it has signed contracts with Chinese yards for four 114,000 dwt product/crude tankers, four 49,800 dwt product and chemical tankers, and two 40,000 dwt bulk carriers. Deliveries are set to …
https://splash247.com/yangzijiang-maritime-expands-orderbook-with-10-ship-newbuild-deal/
https://splash247.com/yangzijiang-maritime-expands-orderbook-with-10-ship-newbuild-deal/Compounding existing concerns over price and limited availability, shipowners seeking bunkers in Asia face another issue: tainted fuel. Marine insurer Skuld has issued an advisory warning members of a pattern of on-spec but potentially problematic fuel being bunkered across Asia, particularly in Singapore, Hong Kong and Malaysia. While the fuels meet standard ISO 8217 parameters, …
An extraordinary simultaneous build-up of ballast vessels across every major crude tanker segment has moved geopolitically driven disruption into a fundamental demand-side crisis. With the Strait of Hormuz now closed for 60 days, the initial freight rate spike driven by risk premium and trade inefficiency has given way as there simply are not enough cargoes …
https://splash247.com/tanker-markets-tip-into-oversupply-with-ballast-surge/
https://splash247.com/tanker-markets-tip-into-oversupply-with-ballast-surge/President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White House said on Friday, the latest effort to curb rising energy costs linked to the…
https://www.marinelink.com/news/trump-grants-day-extension-jones-act-538514
https://www.marinelink.com/news/trump-grants-day-extension-jones-act-538514An LNG tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday.If confirmed, this will be the first loaded LNG tanker to cross the strait since the Iran war started on February 28.
https://www.marinelink.com/news/adnoc-lng-tanker-crosses-strait-hormuz-538515
https://www.marinelink.com/news/adnoc-lng-tanker-crosses-strait-hormuz-538515IMO Secretary-General Arsenio Dominguez opened the 84th session of the Marine Environment Protection Committee (MEPC 84), urging Member States to find convergence and make meaningful progress on the IMO Net-Zero Framework to cut global shipping…
https://www.marinelink.com/news/mepc-begins-reason-repeat-happened-last-538516
https://www.marinelink.com/news/mepc-begins-reason-repeat-happened-last-538516Two years after launching its ECDIS Training Assessment (ETA) platform, NorthStandard draws on cumulative assessment data in a new report which includes key insights on the way shipping can improve ECDIS proficiency on the bridge.Assessments…
https://www.marinelink.com/news/report-bridge-teams-struggle-ecdis-538517
https://www.marinelink.com/news/report-bridge-teams-struggle-ecdis-538517