“ 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 »
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…
New research has found that where cyberattacks in the maritime industry lead to a ransom payment, shipowners pay more than $3 million on average to the perpetrators. The report, which was produced by maritime cyber security company CyberOwl and global,…
CyberOwl, HFW Report: Maritime Industry Pays Average $3m Ransom In Cyberattacks Read More »
Capesize The surge in Capesize rates abruptly flattened off this week as global markets continue to be highly volatile. The Capesize 5TC lowered -591 from last week to settle at $21,604, yet the market remains primed for movement. Underlying reductions…
Dry Bulk Market: Capesize Market Cools Down After Recent Surge Read More »