In 2018 there were 24 Refusal of Access Orders (ban) issued. This shows a decrease from 32 in 2017. Refusal of access (banning) has been used 77 times since 2016. The detention percentage has decreased to 3.15% (from 3.87%). Consequently, the number of…
2018 Paris MoU Annual report “Consistent Compliance” Read More »
Ship owners around the world have adopted a risk-aversion policy, which translates to refraining from adding more newbuildings on the global orderbook. In its latest weekly report, shipbroker Banchero Costa said that “there was not much fresh business …
Risk Aversion Grips the Shipping Industry Read More »
“A fire in the engine room is any seafarer’s worst nightmare,” says Tom Backlund, Wärtsilä’s General Manager Large Bore Engines. This is especially true when it comes to fuel leakages in vessel engine rooms. This is why the International Convention for…
Enhance safety at sea with smart fuel hoses Read More »
2019 has proven to be just as hard as 2018 for tanker owners, but for a whole new set of reasons. While last year was characterized by shipping’s own shortcomings, as a result of an imbalance between supply and demand, 2019 is proving to be the year of…
Tankers Bear the Brunt of Geopolitical Uncertainties Read More »
A wider conflict with Iran would be negative for most types of ships and for the oil markets in general. Fewer ships will transit the Straits of Hormuz. The following analysis focuses on VLCCs, which lift most of the crude cargo volumes out of the Arab…
A potential war with Iran and the impact on trade Read More »