07 OCT 2020 Shipowners are facing rising labor costs as widespread Covid-related restrictions limit movement of seafarers and make crew swaps more expensive. Because relieving and replacing ship workers has become so difficult during the pandemic, daily crew costs have increased 10% from January to mid-July, up to $3,144 for …
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06 OCT 2020 Business is booming at a sea dock in western Turkey, where five hulking cruise ships are being dismantled for scrap metal sales after the COVID-19 pandemic all but destroyed the industry, the head of a ship recyclers’ group said on Friday. Cruise ships were home to the …
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05 0CT 2020 The race continues seeking to develop new technologies to fuel the shipping industry and help to achieve the industry’s goals to reduce harmful emissions and become climate neutral. In the effort to develop new, energy-efficient solutions, a Scandinavian team is working on a fuel cell project that …
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04 OCT 2020 The shipping industry continues to work towards new applications of autonomous operations with the latest advancements of the technology being demonstrated on a deep-sea vessel. Built by Samsung Heavy Industries for Evergreen Marine Corp., the new ultra-large container ship was awarded a Digital Safe Security certification by …
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03 OCT 2020 The international shipping association BIMCO is the latest member of the maritime community to express concerns over the decision to include the shipping industry in the EU Emissions Trading System (ETS). BIMCO in written statement said that the move will “inhibit global action on reducing CO2 emissions.” In …
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02 OCT 2020 More than three weeks after the fire was extinguished on the crude oil tanker off the coast of Sri Lanka, the saga continues to bring the ship to port to off-load the approximately two million barrels of crude oil that were being transported to India at the …
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