“ What maximum winds are expected in the storm area?” That is one of Standard Marine Communication Phrases under the International Maritime Organization (IMO) that officers in charge of navigation on ships, whatever their nationality, must be able to u…
The IMO and WMO – Providing weather information to support safe navigation Read More »
The ship recycling market has entered a correction phase, after several weeks of price increases. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week saw price levels tumble southwards on the back of falls in global stee…
Correction Time for the Ship Recycling Market Read More »
In recent days the shipping industry is facing severe challenges with uncertainty on the threat of a ban on Russian exports. The U.S. has eventually officially announced the decision of banning Russian oil imports and the reaction of Russia came later …
Russian-Ukraine Crisis. Thoughts on Russian Export Ban Read More »
Covid-19 measures continue to impact the marine fuels supply chain across Asia, but the reality is that no two ports have faced the same effects. For Hong Kong, which is one of the world’s busiest and largest container ports in the world, the dem…
The current situation in the shipping markets has been favorable of increased ton-mile demand. However, the long-term implications of the Ukraine war are difficult to quantify at this stage. In its latest weekly report, shipbroker Allied said that “for…
Shipping Ton-Mile Demand Increasing as Importers Looking for Lower Costs of Commodities Read More »