In today’s volatile shipping market, particularly amid unpredictable global conditions and geopolitical events, Forward Freight Agreements (FFAs) play a crucial role in stabilising and managing risk. FFAs allow shipping industry participants to hedge a…
The importance of an FFA market in today’s volatile shipping freight market Read More »
The new guidance on ballast water (BW) record-keeping and reporting, adopted in Circular BWM.2/Circ.80, aims to assist ship crews by clarifying the record-keeping and reporting process under the BWM Convention. The circular includes guidance on complet…
Ballast water record-keeping and reporting requirements – Upcoming changes Read More »
Increased levels of newbuilding contracting activity seem to be the norm during 2024 and last week was no exception. In its latest weekly report, shipbroker Banchero Costa said that “the newbuild tanker sector remains busy. Cosco Shipping Energy Transp…
More Newbuilding Activity the Norm Read More »
Massive shifts in global trading patterns in 2024 have made the task of managing and optimizing supply chains even more complex. This is perfectly demonstrated on the trade from the Far East to South America East Coast where a record-breaking 1.6m TEU …
To support clean, safer, and modern shipping in the EU, today the Council adopted four new pieces of legislation of the so-called ‘maritime safety’ legislative package, namely those amending the relevant directives on: – the investigation of acci…