After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk Area’ (HRA). Notification of the removal of the HRA from 0001 UTC on 1 January 2023 by industry bodies was for…
Shipping industry to remove the Indian Ocean High Risk Area Read More »
The heatwave experienced in parts of the world has seen temperatures of between 40 – 42C recently – and according to an article in TradeWinds, ‘Shipyard work has become nearly impossible in the sweltering temperatures and workers have had to take unsch…
Global extreme weather patterns impact shipbuilding Read More »
We all acknowledge the environmental impact of Underwater Radiated Noise (URN) from ships, and the challenges it poses for shipping companies and shoreside organizations. While noise is produced by drive systems and other mechanical components, noise s…
Underwater Radiated Noise – What’s Missing for Design Read More »
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected to come into force around the world in 2023. Shipping income was expected to be outside of the rules. The …
Shipping: Global Tax Reform Read More »
Over the last six months we have seen a substantial increase in sale and purchase transactions, particularly in the container and dry bulk market. The value of ships as well as charter rates in these sectors have considerably increased which has result…
Pre-sale vessel inspections put S&P in the clear Read More »