Operators could save £15 million per asset by leveraging technology to identify unnecessary maintenance, according to new findings by Lloyd’s Register

Lloyd’s Register (LR), the specialist energy consultancy, has today released new findings revealing as much as 40% of maintenance work carried out by Floating Production Storage and Offloading (FPSO) vessel operators is unnecessary. By reducing these unwarranted manhours, operators could save on...


Fed’s Mester says economic growth ‘leveling off,’ sees more help needed

Cleveland Federal Reserve President Loretta Mester said activity is slowing in her region due to rising coronavirus cases, and she sees more policy help necessary to help the economy through the pandemic. Speaking to CNBC in a live interview, the central bank official echoed comments from her...


Protecting shipowners in the long run: A case for stringent scrubber wash water monitoring

Installing a scrubber represents a significant investment for a shipowner. With the financial cost of the system and its installation, coupled with the lay-up time – no shipowner can take the decision lightly; with the reduced spread between high-sulfur fuel oil (HSFO) and very-low sulfur fuel oil...


Freight association welcomes further government 
investment in employment support schemes

The British International Freight Association (BIFA), the trade association that represents UK freight forwarding and logistics companies, says that it welcomes the package of measures unveiled by the Chancellor of the Exchequer today to scale up employment support schemes, training and...


Genting Cruise Lines announces Explorer Dream as the first cruise ship to receive the CIP-M certification by global healthcare and classification body DNV GL; Setting new safety standards for the cruise industry

Genting Cruise Lines is pleased to announce that Dream Cruises’ Explorer Dream is the first cruise ship in the industry to receive the Certification in Infection Prevention for the Maritime industry (CIP-M) from the world’s leading classification society, DNV GL. The CIP-M certification of Explorer...


U.S. crude stockpiles rise unexpectedly, gasoline draws down sharply -EIA

U.S. crude oil stockpiles rose last week, with Gulf Coast inventories hitting a record high due to high imports, while gasoline inventories posted their biggest drawdown since March before the coronavirus pandemic crushed demand, the Energy Information Administration said on Wednesday. Crude...