The 9th session of the IMO’s Sub-committee on Navigation, Communications, Search and Rescue (NCSR 9) was held from 21 to 30 June. Navigation and voyage planning requirements for fishing vessels, pleasure yachts and small cargo ships operating in polar …
IMO sub-committtee on navigation, communications, search and rescue Read More »
Shipping fuels will become a critical component of shipping’s costs in the near future, as the industry is heading towards decarbonization. In its latest weekly report, shipbroker Intermodal noted that “following the 3rd Decarbonizing Shipping Forum, h…
Immediately following Russia’s invasion of Ukraine on 24 February 2022, crude oil prices increased on fears of supply disruption. In less than two weeks, Brent prices rose from USD 97/barrel to USD 128/barrel. Since then, Brent prices have consistently…
Crude oil at lowest since April; Brent at USD 103 and WTI dips below USD 100 Read More »
Industry partners could still do more to ensure the safety of crews, says INTERCARGO, as it has submitted its latest Bulk Carrier Casualty Report to the Sub-Committee on IMO Instruments (III 8), convening at the end of the month. Despite high levels of…
Industry Partners Must Play a Greater Role in Safety, says INTERCARGO Read More »
Newbuilding orders have continued to move higher, with more and more owners looking to add modern and more efficient tonnage to their fleet. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at f…