Shipping industry woes

Aging Tankers, Sanctioned Oil and Insurance Nightmare

Credits: Natalya Letunova/Unsplash
  • Pablo, a Gabon-flagged tanker carrying Iranian oil caught fire off the coast of Malaysia last week.
  • It’s throwing up concerns about a fleet of secretive tankers transporting sanctioned oil globally.

A fleet of aging tankers is transporting sanctioned oil around the globe — and it’s becoming an insurance nightmare because nobody knows who owns them, says a Business Insider news source.

Secret transportion of oil across the globe

A fleet of aging tankers secretly...

https://mfame.guru/aging-tankers-sanctioned-oil-and-insurance-nightmare/

Maersk Is Idling More Ships, Highlighting The 2M Split

Credits: william william/ Unsplash
  • Maersk Line continues to lose ground to MSC with the highest number of ships idled at the moment.
  • On the other hand, MSC is still taking on fresh charters and second-hand acquisitions, as the Swiss-Italian carrier continues to launch new services.

A recent news article published in the Container News states that 2M split highlighted with Maersk idling more ships.

131 idle ships

Linerlytica’s report this week stated that there are now 131 idle ships, and Maersk...

https://mfame.guru/maersk-is-idling-more-ships-highlighting-the-2m-split/

Attorney General Requests Gun Shipping Policy Clarifications

Credit: Unsplash

A recent news article published in the MTPR states that Attorney general asks shipping companies to clarify gun shipment policies.

Letters to the heads of UPS and FedEx

On Tuesday, Montana Attorney General Austin Knudsen sent letters to the heads of UPS and FedEx asking the companies to clarify their policies on shipping and tracking guns and gun parts.

The attorneys general of 17 other states signed on to the letters in a move led by Knudsen, a Republican.

In the letters, Knudsen...

https://mfame.guru/attorney-general-requests-gun-shipping-policy-clarifications/

Moore: Country Of Build Than Fleet Size Matters In Operating Cost

The Moore Maritime Index “MMI”, a database that contains operating costs and revenues from more than 1,500 vessels, has been updated and is available with the 2021 data.
The data comes from audited financial statements of ship owning companies only, and therefore the results produced by the Index show the “real world” of financial performance of the shipping industry across more than 20 vessel types.
We have also published our reports “MMI 2022 – Shipping Trends based on the Fleet Size” and “MMI...

https://mfame.guru/moore-country-of-build-than-fleet-size-matters-in-operating-cost/

A Case Study On LNG Capable Ships

  • The recent study from UCL, Exploring methods for understanding stranded value: case study on LNG capable ships, is a flawed academic exercise, detached from reality.
  • In setting out a framework for their analysis the authors make innumerable contestable and unsupported statements.

A recent news article published in the Sea-LNG deals with Sea-LNG response to UCL report exploring methods for understanding stranded value: Case study on LNG capable ships.

Unprecedented spike in LNG prices

Somewhat...

https://mfame.guru/a-case-study-on-lng-capable-ships/

Best Practices For Shipment Of Project And Equipment Cargoes

A recent news article published in the Skuld talks about Practice guidance for shipment of project and equipment cargoes.

Introduction

Project and equipment are sensitive and high-value cargoes and can easily be damaged if handled improperly. The damage and loss to such cargoes are mostly caused by improper operations and insufficient supervision. Therefore, from a loss-prevention perspective, applying best practices as well as fully understanding and controlling the various key phases in the...

https://mfame.guru/best-practices-for-shipment-of-project-and-equipment-cargoes/