Ship Owners

Battered but not broken: how global trade is responding to Russia’s invasion of Ukraine

Pictured: a container terminal with boxships at berth. Photo credit: Bellergy RC via Pixabay.

By Flavio Macau, Edith Cowan University

Russia’s first McDonald’s store in opened in 1990, just months after the fall of the Berlin Wall. It was a potent symbol that the Cold War was ending and a great ideological wound healing.

Now every McDonald’s in Russia is closed, as nations and corporations reduce, suspend or sever ties in response to the invasion of Ukraine.

The scale of economic sanctions imposed...

https://www.shippingaustralia.com.au/battered-but-not-broken-how-global-trade-is-responding-to-russias-invasion-of-ukraine/

General Average Declared for Containership Post Engine Room Fire

  • On May 14, 2021, NYK Delphinus experienced a fire in engine room prior her arrival in Oakland, CA.
  • Salvage services were requested by the Owners, and the fire was swiftly brought under control and has been extinguished.
  • Now, General Average is formally declared by the Owners of the vessel NYK Delphinus 0086W/E in the AL5 service string on May 27, 2021.

A recent news published in One reveals that General Average is declared for AL5 NYK Delphinus 0086W/E.

Declaration of General Average

In...

https://mfame.guru/general-average-declared-for-containership-post-engine-room-fire/

Global Bunkering Service Launched by Vitol

  • Vitol today announces the launch of a global bunkering service, Vitol Bunkers.
  • Vitol Bunkers will offer ship and fleet owners worldwide access to high quality marine fuels, blended to meet required specifications.
  • Customers will benefit from Vitol’s global reach, infrastructure and commensurate supply capabilities.

A recent news article published in the Vitol reveals that Vitol is launching global bunkering service.

Vitol Global Bunkering

Vitol Global Bunkering Account Manager Chris Young,...

https://mfame.guru/global-bunkering-service-launched-by-vitol/

Flag of Convenience and Ship Scrapping, An Environmental Threat

  • Ships transport 90% of the world’s traded cargo, so are crucial to the global economy. But when tankers and other large vessels are demolished.
  • They generate huge amounts of marine pollution, particularly if it happens in countries where environmental regulations for ship-breaking yards are lax.
  • The number of vessels misleadingly registered to nations other than their true country of origin — called flags of convenience — has skyrocketed since 2002.
  • The practice allows ship owners from nations...

https://mfame.guru/flag-of-convenience-and-ship-scrapping-an-environmental-threat/

DNV’s Remote Survey To Assess Statutory Regulation

  • With rising use of remote surveys, feedback from shipowners is helping DNV to optimize this approach to assessing compliance with class and statutory regulation.
  • It aims at making it easier and safer for crew members acting as our eyes and ears on ships.
  • Seafarers play key roles in enabling remote surveys to deliver superior safety and business benefits to their shipmates and owners.

Kamlesd Kumar, Head of Section, Operational Centre and Class Systematics, writes for DNV about the seafarers...

https://mfame.guru/dnvs-remote-survey-to-assess-statutory-regulation/

Panelists Discuss On Varying Fuel Qualities In Different Ships In FUJCON 2021

Panelists representing different aspects of the marine fuels supply chain on 24 March shared their perspectives on operational issues onboard vessels amidst varying bunker fuel quality at the 12th Fujairah International Bunkering and Fuel Oil Virtual Forum (FUJCON 2021), says an article published in Manifold Times.

Thesession

Tackling the Challenges Post 2020 saw Co-chairperson Douglas Raitt, Regional Advisory Services Manager at Lloyd’s Register Singapore, posing a question from the audience to

https://mfame.guru/fujcons-panelists-discussion-on-varying-fuel-qualities-in-different-ships/

Transparency The Key To Crew Change Challenge, Says BIMCO

A recent article published on BIMCO website says transparency and dialogue between owners & charterers is the key to crew change challenge.

Freedom of contract

Shipping is essentially a marriage between the commercial interests of charterers who hire ships to transport cargoes, and shipowners who operate ships for commercial gain. 

The relationship between owners and charterers is governed by freedom of contract – the ability to freely negotiate contractual terms based on each parties’ respective...

https://mfame.guru/transparency-the-key-to-crew-change-challenge-says-bimco/

New Challenges Ahead in 2021, Ship Owners Prepared

  • Shipping’s resilience has been tested this year, but a low orderbook does not save a market and the immediate future is riddled with uncertainty.
  • Mid-term, the business models that survived this year may not be set up for a future.
  • It requires financial flexibility, transparency, a smarter approach to digital integration and of course sufficient foresight to survive the decarbonisation transition.

As per a recent news article published in Lloyds List, written by Richard Meade, shipping...

https://mfame.guru/new-challenges-ahead-in-2021-ship-owners-prepared/

Demand for Modern Bulk Tonnage in Shipping Market

  • Greek ship owners prefer younger bulkers with respect to the dry bulk market heating up.
  • SnP values exhibited a soft upward trend without excluding the scenario for a bullish increase on values in August.
  • Greek market is expected to become an important hub for vessels available for sale in the short run, with no objections to the possibility of the continuous increase on freight rates.

With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk...

http://mfame.guru/demand-for-modern-bulk-tonnage-in-shipping-market/

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