knowledge

As anyone working in the shipping industry will attest to, bunker (or fuel) is one of the biggest expense items for any container shipping company. According to most estimates, bunker costs comprise circa 50% to 60% of a carrier’s total operating expense, thus making it by far the largest component of the carrier’s variable cost base.

Matters are aggravated by the inherent volatility in bunker prices, which show violent fluctuations consequent to global geo-political...

https://mfame.guru/your-complete-guide-to-reduce-bunker-spending-of-your-ships/

In the commercial shipping industry, there is a deluge of data. When a cargo vessel goes from point A to point B, multiple data volumes are endlessly generated, ranging from vessel parameters to route conditions to cargo statuses.

Vessel parameters include information such as speeds, heading, fuel consumption and efficiency, engine performance, stability data, working of cargo equipment and machinery (if any), onboard power consumption, and so on.

Route conditions essentially...

https://mfame.guru/all-you-need-to-know-about-voyage-management-system/

The maritime industry is bracing for a significant shift in emissions-related financial risks, with regulations such as the EU Emissions Trading System (EU ETS) already in effect and initiatives like FuelEU Maritime on the horizon. As the sector prepares for potential future measures from the International Maritime Organization (IMO), stakeholders face mounting financial pressures.

Balancing Financial Considerations

As the cost of compliance with emissions regulations continues to escalate,...

https://mfame.guru/emission-imperatives-navigating-financial-realities-in-maritime/

• The maritime sector is exploring low-cost battery options for vessel propulsion to reduce carbon emissions.
• Liquid metal battery technology offers a promising alternative to expensive lithium batteries, with projections suggesting significant cost reductions by 2030-2035.
• These batteries can be integrated into barges for short-distance propulsion along inland waterways, providing substantial energy storage and minimal fade over extended usage.

The maritime sector has been exploring...

https://mfame.guru/revolutionizing-inland-waterway-transport-with-low-cost-battery-propulsion/

• Ensuring cargo holds meet appropriate standards is crucial for shipowners operating bulk carriers.
• Failure to adhere to these standards can result in cargo damage, regulatory non-compliance, pollution, and operational delays, leading to potential claims.
• Understanding the requirements for hold cleanliness is pivotal when assessing significant claims.

Typically, hold cleanliness requirements are set by the Charterer, depending on factors such as the previous and future cargo, local regulations,...

https://mfame.guru/cargo-hold-cleaning-standards-for-bulk-carriers/

Carbon Capture and Storage (CCS) is gaining prominence not only for enhanced oil recovery but also as a critical solution for decarbonizing challenging industries. The maritime sector is poised to play a key role in transporting captured CO2 to storage sites. However, the limited size of the existing CO2 fleet and practical challenges in handling this unique cargo present complexities and risks that require careful consideration.

CO2 has distinct characteristics that...

https://mfame.guru/unlocking-the-potential-of-offshore-storage/

In the world of logistics and transportation, the term shipper’s market refers to a situation in which those who send goods (shippers) hold the upper hand in the industry, says an article published on Forbes website.

• The “shipper’s market” refers to a situation where shippers hold the increased negotiating power in the industry, leading to lower shipping costs and more carrier options.
• The COVID-19 pandemic shifted the market to a “carrier’s market,” but as the market returned to a...

https://mfame.guru/navigating-the-end-of-the-shippers-market-cycle/

The maritime industry is constantly engaged in assessing and acting on changes large and small in the world’s oceans. In this complexity, the powerful force for change that is voyage planning and route optimization arises as a wave of fortunes bringing wealth to ship owners, managers charterers and operators alike.

Fuel Efficiency and Cost Savings

Making use of live data and cutting-edge weather routing systems, maritime stakeholders can manoeuvre so as to route around bad weather while choosing...

https://mfame.guru/navigating-prosperity-the-power-of-maritime-route-mastery/

• Reliable operations are key for ship owners and operators.
• Genuine, high-quality spare parts play a critical role in delivering reliability.
• But buying spare parts is made more difficult by the many misconceptions about genuine spare parts. 

To help you get it right, here are seven truths about genuine OEM parts – meaning genuine parts supplied by the equipment manufacturer – some of which may come as a surprise to you, sources Wartsila.

Many people think that all...

https://mfame.guru/7-truths-about-oem-spare-parts-you-need-in-your-checklist/