05 AUG 2023 Cargo liquefaction remains the single biggest risk for loss of life in the bulk carrier trade, according to a new long term casualty report from Intercargo. The long-term rolling report covers vessel losses from 2013-22. During the period, 26 seagoing bulkers went down, costing 104 lives and …
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04 AUG 2023 The oil transfer from the derelict FSO Safer off the coast of Yemen is proceeding well according to updates from the United Nations and Boskalis. The team from SMIT Salvage began the ship-to-ship transfer at the beginning of last week and they are now reporting that more than a …
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03 AUG 2023 The European Council signed off yesterday, July 25, on the FuelEU maritime initiative, a sweeping package that seeks to dramatically cut emissions from shipping by encouraging the switch to alternative fuels. The approval came two years after the introduction of the broader Fit for 55 package that …
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02 AUG 2023 Action at the International Maritime Organization (IMO) to regulate emissions from fuel production, and to consider all types of greenhouse gases (GHGs) — not just CO2 — is moving slowly and not receiving much attention. But these regulatory details are probably more important than the headline-grabbing move to …
Read More »01 AUG 2023 Dutch authorities are leading the response after a car carrier caught fire off the northern coast of The Netherlands around midnight on July 25. As the fire continued to spread, the decision was made to evacuate the ship. One crewmember was killed and several others injured at …
Read More »31 JULY 2023 After a prolonged drought in the order of new tankers and particularly product tankers, BIMCO is reporting a strong spike in orders for new product tankers in the first half of 2023. The trade group calculates that more product tankers have been ordered in the first half …
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