shipowners

ABS Launched Key Part of Its ‘My Digital Fleet’

ABS has launched the Environmental Monitor as a key part of its My Digital Fleet risk management platform. ABS Environmental Monitor is the maritime industry’s most comprehensive digital sustainability solution to help shipowners achieve their sustainability goals by leveraging multiple data sources, including vessel routing, waste stream, operations, and emissions data, to provide transparent reporting, says an article published in energy northern.

Kash Mahmood Comments

“ABS is a leader in both...

https://mfame.guru/abs-launched-key-part-of-its-my-digital-fleet/

Just 55 FONARs Were Filed To The IMO Last Year

Just 55 fuel oil non-availability reports (FONARs) were filed to the International Maritime Organization (IMO) last year as shipowners switched to using VLSFO — finally putting to rest concerns about availability of the new blends.

What is FONAR

FONARs can be filed to a ship’s flag state if it is unable to source compliant fuel at its next port of call, and the flag states pass them on to the IMO to publish in its database. The FONAR itself is not a guarantee of not being prosecuted by the flag...

https://mfame.guru/just-55-fonars-were-filed-to-the-imo-last-year/

European Diesel & Shipping Market Participants Divided Over Economics

According to an article published in S&P Global, Participants in the European diesel and shipping markets are divided over the economics to send ULSD to the US Atlantic Coast, with a record high HOGO spread suggesting profits could be made, though current freight indications show wavering opportunities to ship products, with only Long Range tankers showing some suitability for the trade.

Reopening Arbitrage

A number of transatlantic ULSD shipments were observed in the shipping market in the...

https://mfame.guru/european-diesel-and-shipping-market-participants-divided-over-the-economics/

Bursting the Myths of Biofuels

With efforts to save the planet from global warming and recognition of the need to protect the environment, many countries and the UN have been considering stricter greenhouse gas, SO2, and NOx emission regulations and this has resulted in the development of innovative eco-friendly bunkers , reports Ship & Bunker .

Today we are going to discuss some of them as underlined by some of the stalwarts in business.

Alternative Fuels

IMO and other standard organizations are always under pressure to adopt...

https://mfame.guru/bursting-the-myths-of-biofuels/

Boxship Demolitions Abandoned Amid Spike in Freight Rates

Containership demolition virtually dried up in December as shipowners and carriers deployed all available tonnage to meet surging demand across trades, says an article published in the loadstar.

Huge spikes in Ocean freight rates

Huge spikes in ocean freight rates in the second half of last year and corresponding hikes in charter hire rates enabled previously uneconomic smaller containerships to become sought-after by carriers desperate to plug gaps in their networks and take advantage of the...

https://mfame.guru/boxship-demolitions-abandoned-amid-spike-in-freight-rates/

Shipowners’ Union Calls for COVID Vaccinations of Seafarers

In a major development, the Union of Greek Shipowners (UGS) called on Friday for the vaccination of all sailors against Covid-19 when the jabs becomes available, arguing that they are essential workers, says media reports.

Call for Seafarers Vaccinations

“I would like to express once again the intense concern of the shipping industry for its people, the seafarers, and the call on governments around the world to consider them essential workers,” UGS head Theodore Veniamis said on Friday, while...

https://mfame.guru/shipowners-union-calls-for-covid-vaccinations-of-seafarers/

ILO Issues Revised Note on Maritime Labour Issues and COVID-19

  • COVID-19 has impacted all aspects of life and badly affected the world of seafarers.
  • ILO has published revised guidelines on maritime labour issues and coronavirus.
  • Numerous governments, seafarers’ and shipowners’ organizations have turned to the ILO for advice.
  • It addresses the complexities of the current crisis in light.
  • It is based on the provisions of the Maritime Labour Convention, 2006, as amended (MLC, 2006).

The coronavirus (COVID-19) pandemic has created a global crisis that has...

https://mfame.guru/ilo-issues-revised-note-on-maritime-labour-issues-and-covid-19/

Increased COVID19 Uncertainty Leads To Second Hand Tonnage Boom

The familiar theme of the year so far, repeated itself for yet another week. Shipowners opted for more dry bulk second-hand tonnage, as the current conditions of increased uncertainty, certainly don’t favor any kind of long-term investment, reports Hellenic Shipping News.

In its latest weekly report, shipbroker Allied Shipbroking noted that it was “a very active week for the dry bulk market, with a remarkable number of units changing hands. The improved sentiment and the current freight rate...

https://mfame.guru/increased-covid19-uncertainty-leads-to-second-hand-tonnage-boom/

Shipowners Worried As Containership Hiring Declines by 50%

According to a LoadStar article written by Mike Wackett, ocean carriers’ optimism is being driven by higher freight rates and cheaper fuel – but tumbling charter hire costs are proving to be the icing on their cake.

50% Slump in Hiring

According to a recent Alphaliner report, containership daily hire rates have slumped by up to 50% since the coronavirus pandemic wrecked global demand and led container lines to off-hire surplus tonnage and decline extension options.

“Tonnage providers are looking...

https://mfame.guru/covid19-shipping-impact-gets-hard-to-bear-for-containership-owners-as-rates-tumble/

First Global Standard for Hull Cleaning To Help Shipowners Tackle Biofouling!

BIMCO, the world’s largest shipping association, has moved a step closer to finishing a global set of guidelines needed to protect the marine environment from invasive species and reduce CO2 emissions. writes BIMCO’s Marine Environment Head, Aron Sørensen in an article published on their website.

What is it?

BIMCO’s aim is to make a standard that is acknowledged by the International Maritime Organization (IMO), the UN-body that governs global shipping.

Sørensen heads a working group that consists...

https://mfame.guru/first-global-standard-for-hull-cleaning-to-help-shipowners-tackle-biofouling/

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