Today’s container market is confronting more than its fair share of headwinds. The recently published Container Forecaster from global shipping consultancy, Drewry, highlights concerns of a slowing global economy stoked by the ongoing US-China trade wa…
Container market disruption seems likely as uncertainty mounts Read More »
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 »
Trade tariffs cause rate differential and capacity transfer to countries “other than China” There is no consensus on who will “win” the US-China trade war, or whether there will be a winner at all, but the shipping industry has already reac…
Pacific shift from China to SE Asia, Korea 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 »