Beauty

TANKER CREW CAUGHT IN THE MIDDLE AFTER CAMBODIA’S OFFSHORE OIL DEBACLE

27 SEPT 2021  The Indonesian Marine Police have boarded the tanker Strovolos and arrested the crew in connection with a dispute over Cambodian oil, according to operator World Tankers Management. The Strovolos was first detained in July at a position off Sumatra. She had anchored without prior authorization (a potentially illegal act in Indonesian …

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THAILAND PERSEVERES WITH NEW VISION FOR KRA CANAL

26 SEPT 2021  In 1677, the Thai monarch Narai the Great had a dream. He sent an engineer south to investigate the possibility of excavating a vast waterway through the narrowest part of the Malay Peninsula, known as the Kra Isthmus, with the hope of opening a direct trade route between Siam …

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ONLY ONE COUNTRY IS ON TRACK TO MEET ITS CLIMATE TARGETS, REPORT FINDS

25 SEPT 2021 Over 35 countries, including the world’s largest carbon emitters, are falling short of their commitments to curb climate change, according to a bleak new analysis – with the exception of one lone African nation. The report found few countries are on track to cut carbon emissions and limit …

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DECOMPRESSION SICKNESS MAY BE CAUSED BY FAULTY IMMUNE RESPONSE

23 SEPT 2021 It is infinitely beautiful below the ocean’s surface. So beautiful that every year some divers are tempted to go a little too deep and stay there a little too long. Decompression sickness (DCS) has been a known condition for more than a century. The disease – sometimes referred …

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MARINE MONEY EXPERTS WARN AGAINST NEW SHIP CAPACITY AS PRICES SURGE

22 SEPT 2021 Ship owners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders. Industry players looking to buy new vessels at current prices will likely find themselves “overextended,” according to Arjun Batra, group …

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CHARTERPARTY RISKS: A VESSEL DESCRIPTION “WITHOUT GUARANTEE”

21 SEPT 2021  In time charterparties, shipowners will warrant the capabilities of the vessel, including its speed and fuel consumption. It is quite common for the charterparties to have a “vessel description” clause that will set out the speed-consumption warranty. In the case of charterparties in NYPE 1946 form, the …

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OP-ED: 10 WAYS TO CUT SHIPPING’S EMISSIONS TODAY

20 SEPT 2021  In the middle of this summer’s shocking fires and floods came the grimmest climate science report yet from the UN’s Intergovernmental Panel on Climate Change, warning of a “code red for humanity” as our use of fossil fuels continues to drive up global temperatures. To keep below the threshold of 1.5 degrees C of warming – …

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FUEL COMPARISONS MUST CONSIDER ENERGY DENSITY

19 SEPT 2021  Why fuel assessments can be distorted if energy density is overlooked. Comparing fuel price and performance on a per-tonne basis has sufficed for liquid fossil fuels, but as shipowners evaluate new fuels as part of their decarbonization plans, this method is no longer accurate. SEA-LNG has identified …

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FORMER NEW ZEALAND NAVY PATROL VESSEL SEIZED IN COCAINE BUST

17 SEPT 2021  Last week, the UK’s National Crime Agency intercepted a converted New Zealand Navy patrol boat and arrested her six-member crew on suspicion of drug trafficking. After an extensive search, officers pulled two tonnes of cocaine from hiding places on board. The vessel – the yacht-conversion Kahu, formerly a …

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CHINA’S BAN ON AUSTRALIAN COAL RESHAPES KEY DRY BULK MARKET

15 SEPT 2021 Every million tonnes of coal has recently been costing China’s steel mills more than $400 million, compared with around $250 million paid by steel mills everywhere else. The difference is entirely explained by China’s embargo on Australian coal. Since China’s mills use almost two million tonnes of coal every …

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