The VLCC tanker market softened last month, OPEC said in its latest monthly report. Dirty freight rates showed divergent trends in April. VLCC spot freight rates were softer, with the Middle East-to-East route falling 11%, m-o-m. In contrast, Suezmax s…
Tanker Market Softened in April Read More »
States must take “all necessary measures” to prevent, reduce and control greenhouse gas (GHG) emissions from any source – simply participating in global efforts is not necessarily enough. Today in Hamburg, Germany, The International Tribunal for the La…
Ann Waite, a top marine claims expert, has been elected to chair the Association of Average Adjusters for the year 2024-25. Ms Waite was at the same time, at the annual general meeting of Fellows on May 8, 2024, elected an Honorary Fellow of the Associ…
While Greek newbuilding orders are still among the highest, Chinese owners appear to be taking the lead when it comes to total numbers. In its latest weekly report, shipbroker Xclusiv Shipbroking said that “we’ve been closely analyzing the Greek …
Chinese Ship Owners Take The Lead over Greeks in Newbuilding Volume Orders Read More »
Mooring operations are one of the most dangerous operational activities that ship and shore personnel must carry out on a daily basis. The International Group of P&I Clubs was notified of 858 injuries and a shocking 31 fatalities in mooring-related…