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 »
The frequency of port state control taking spot samples of a ship’s fuel oil to verify its sulphur content is expected to increase significantly after 1 January 2020. Our case studies below show how proper onboard procedures and a well prepared and att…
Prepare crews for PSC spot sampling of ships’ fuel Read More »