COVID pandemic

Fuel-Tanker Demand Explodes as China and the Middle East Process More Crude

Credit: Bahadir CIVAN/Pexels

The global oil-refining complex’s centre of gravity is moving dramatically eastward, which is causing a boom in the industry of building ships to transport fuel around the world, as reported by Bloomberg.

Pandemic 

According to shipbroker Braemar, this year has seen one of the busiest first quarters since 2013 with orders for up to 38 mid-range tankers. According to shipbroker Simpson Spence Young, the total number of ships awarded international serial numbers this...

https://mfame.guru/fuel-tanker-demand-explodes-as-china-and-the-middle-east-process-more-crude/

Why Are Container Shipping Prices Plummeting?

Credit: Timelab Pro/Unsplash

As the cost of living crisis affects consumer purchasing and the impact of the pandemic-related supply chain disruption lessens, the cost of shipping goods on important global commerce routes has decreased by 85% from its peak, as reported by FT.

Decline in demands

This month it cost $1,444 to ship a standard 40ft steel container from eastern China to the US west coast at short notice, according to shipping data specialist Xeneta, down from a peak of $9,682 in March...

https://mfame.guru/why-are-container-shipping-prices-plummeting/

Tanker Market Outlook – Another Buoyant Year In 2023

Credits: Alexandr Popadin/ Unsplash

In the fourth part of shipping market outlook series they are focusing on the tanker sector with Maritime Strategies International (MSI) analyst Tim Smith, says an article published on Seatrade-maritime.

Russian conflict

Speaking to the Seatrade Maritime Podcast he describes a “rags to riches” story for tanker owners depressed demand during the pandemic gave way to a wave of market disruption from the Russian conflict in Ukraine.

Full interview 

From the impact of...

https://mfame.guru/another-buoyant-year-in-2023/

UN bodies call on governments to alleviate seafarer crisis

Pictured: the Allee des Nations, at the combined UN Office at Geneva, Switzerland. Photo credit Amin via Wikipedia.

Seafarers are still suffering unnecessarily because of government actions to mitigate the impacts of the COVID pandemic, four key UN bodies have said.

The joint statement has been released by the International Labour Organization, the International Maritime Organization, the UN Convention on Trade & Development and the World Health Organization.

Seafarers are still being stranded...

https://www.shippingaustralia.com.au/un-bodies-call-on-governments-to-alleviate-seafarer-crisis/

Doubling down: Auction prices for used tractors up 96.3% in 2021

Used truck prices, especially for newer models, continued their explosive growth in December, with auction prices finishing the year nearly double 2020.

Supply chain issues — led by a shortage of semiconductors — tight supply and unprecedented demand all contributed to the unrelenting inflation. 

“Pricing in calendar year 2021 was 96.3% higher than in 2020 and 89.2% higher than in 2019. Late-model trucks increased in value an average of 7.3% per month in 2021,” according to J.D. Power Valuation...

https://www.freightwaves.com/news/doubling-down-auction-prices-for-used-tractors-up-963-in-2021

Good news / bad news: crew change crisis stabilising; seafarer shortages reported

Pictured: a conceptual montage representing Indian seafarers. There is an increasing shortage of Indian seafarers, ship managers report. Photo credits: Indian male by Surinder Pal Singh via Unsplash; boxes by Andi Graf via Pixabay. Montage: Shipping Australia.

The percentage of seafarers who have to stay onboard ship beyond their contract has decreased slightly and the percentage of seafarers who have been vaccinated has risen slightly. However, for the first time, ship managers are reporting a...

https://www.shippingaustralia.com.au/good-news-bad-news-crew-change-crisis-stabilising-seafarer-shortages-reported/

Seafarers’ International Relief Fund hits US$1 million target

The Seafarers’ International Relief Fund has hit its targets thanks to generous donations from the global shipping community. Photo credit: Sharon McCutcheon via Unsplash.

Substantial donations from NYK Line, a Shipping Australia member, and other donors have pushed total funds past the US$1 million goal; funds to be urgently distributed to support COVID relief efforts for seafarers and families.

The target was reached thanks to a substantial donation from NYK Line, plus many other personal and...

https://www.shippingaustralia.com.au/seafarers-international-relief-fund-hits-us1-million-target/

Ocean shipping industry has repeatedly demonstrated anti-COVID measures

Pictured: a representation of a seafarer wearing a mask aboard a containership. Credit: Sebastian Herrmann – freetousesounds Unsplash – Jim Wilson

Global ocean-going shipping companies have repeatedly demonstrated to the authorities in general that the shipping industry is taking a great number of measures to keep its crews and shore side communities safe from COVID.

Back in July 2020, using our connections with international shipping associations, world shipping bodies and global shipping...

https://www.shippingaustralia.com.au/ocean-shipping-industry-has-repeatedly-demonstrated-anti-covid-measures/

New suite of Marine Directions in WA

Photo credit: Scott Graham via UnSplash.

Four new sets of Marine Directions have been issued by the Police in Western Australia and which came into force yesterday, Thursday 01 July 2021. Failure to company can result in penalties of up to $50,000 for an individual and $250,00 for companies.

Exposed On-Board Worker Directions

This set of directions controls movements on/off ships. It is aimed at Australians who go aboard international vessels. This will typically include such workers as as...

https://www.shippingaustralia.com.au/new-suite-of-marine-directions-in-wa/

RINA Completes Statutory & Class Annual Surveys Using Remote Technologies

RINA successfully completed the statutory and class annual surveys using remote technologies on the vessel HBC Achiever owned by Hyperbaric Consult, says a press release published on their website.

Statutory and class annual surveys

RINA has carried out, using remote technologies, the statutory and class annual surveys on the HBC Achiever, an offshore vessel owned by Hyperbaric Consult A/S. At the successful completion of the survey, the Classification Society certified the vessel on behalf of...

https://mfame.guru/rina-completes-statutory-class-annual-surveys-using-remote-technologies/

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