The end of 2018 provides an excellent opportunity to highlight some of the measures that have been taken by the maritime industry over the past year to develop a better understanding of autonomous shipping. A drive towards autonomous shipping…
Autonomy: The Vision of Autonomous Shipping Read More »
Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp in Guyanese waters over the weekend, Guyana’s foreign ministry said in a statement, while neighboring Venezuela said the incident occurred within its territory.The…
Venezuela Navy Confronts Exxon Vessel in Guyana Border Dispute Read More »
Iran said on Monday it was ready to respond to any hostile U.S. action, but it did not consider the arrival of a U.S. aircraft carrier in the Gulf last week as a significant threat.The USS John C. Stennis entered the Gulf on Friday, ending a long absen…
Iran Ready to Respond, but U.S. Aircraft Carrier no Threat Read More »
A severe reduction of Chinese steel prices could lead to diminished demand for long-haul charters of iron ore, which in effect could trigger losses in the Capesize dry bulk market. In a recent report, shipbroker Banchero Costa noted that “Chinese…
Dry Bulk Market: Long-Haul Cargoes of Iron Ore Could Dwindle Read More »
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality and safety were high on the agenda. Poor fuel quality is a problem which affects many stakeholders in the supply…