shipping industry Archives - Maritime Shipping News

Data’s strength lies in governance’s embrace

9 November 2023

The importance of data governance in maritime operations towards operational enhancement is emphasized by Wilhelmsen Port Services for operational success and expansion. The problems involved are varied data sources and the lack of uniformity. Incorrect information leads to misinterpretation that in turn results in economic losses. As such, the firm operates by taking care, hiring talent and paying for professional training for data integrity. Transparency and trust are achieved by regular...

https://mfame.guru/data-governance-is-vital-for-effective-data-management/

Shipping Industry Keen on Staying Safe Amidst Transformation

20 October 2023

Credit: nick-jones-unsplash

Staying steadfast on safety amidst transformation, mentions a Sea Trade Maritime news source.

Peter Broadhurst

The AGCS Safety and Shipping Review 2023 reveals a substantial drop from over 200 annual losses in the 1990s to a mere 38 in 2022, marking a remarkable 65% reduction in losses for vessels exceeding 100 tons over the past decade. However, an alternative perspective emerges when examining Inmarsat’s Global Maritime Distress and Safety System (GMDSS) incident data.

https://mfame.guru/shipping-industry-keen-on-staying-safe-amidst-transformation/

Carriers’ High Level of Profitability: Main Driver of Inflation

20 October 2023

Credits: CHUTTERSNAP/Unsplash

A Sea-Intelligence news source deals with carrier profits: limited inflation impact.

Profitability was the main driver

During the freight rate peak in 2021-2022, there was quite often levelled criticism that the carriers’ high level of profitability was a main driver of inflation. At its peak, freight rates were a little over 200% higher than in the comparative period in 2019. For the shipping lines, their combined 2021 and 2022 profits were more than 400 billion...

https://mfame.guru/carriers-high-level-of-profitability-main-driver-of-inflation/

Baltic Exchange Dry Index to Trade at 2045.56 Points

19 October 2023

Credits: Venti Views/Unsplash

A recently published trading economics news source deals with the shipping industry market and demand.

Baltic Exchange Dry Index

Baltic Exchange Dry Index is expected to trade at 2045.56 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2379.51 in 12 months time.

The Baltic Exchange’s main sea freight index, which measures the cost of shipping goods worldwide,...

https://mfame.guru/baltic-exchange-dry-index-to-trade-at-2045-56-points/

Call for All Maritime Companies to Endorse Whale Conservation

13 October 2023

Credits: abigail-lynn-unsplash

Belgian shipowners and the Great Whale Conservancy urge the whole shipping industry to take part in whale conservancy efforts, states a KBRV news source.

Royal Belgian Shipowners’ Association

At the invitation of the Royal Belgian Shipowners’ Association (RBSA), Michael Fishbach, Executive Director of the Great Whale Conservancy spoke to the European shipping industry at the recent European Shipping Summit.

“To protect the great whales from ship strikes and to allow...

https://mfame.guru/call-for-all-maritime-companies-to-endorse-whale-conservation/

Onboard Carbon Capture and Storage Feasibility Studies from Wärtsilä

1 September 2023

Credit: Wartsila

Wärtsilä offers onboard carbon capture and storage feasibility studies, mentions a Wartsila news source.

CCS-Ready scrubbers

With CCS-Ready scrubbers now being sold at pace, Wärtsilä’s studies across a range of vessel types come as next step in rapidly accelerating trajectory for CCS in shipping.

Technology group Wärtsilä is now offering carbon capture and storage (CCS) feasibility studies to shipowners and operators, in another milestone on its journey to research, develop and...

https://mfame.guru/onboard-carbon-capture-and-storage-feasibility-studies-from-wartsila/

DP World’s First-Half Performance Shines Amidst Shipping Industry Challenges

24 August 2023

Credit: Wam/thenationalnews

In the face of a complex global shipping landscape marked by weaker market conditions, DP World, a leading global ports operator, has surged forward with remarkable resilience, reporting impressive gains in profits and revenue for the first half of the year. This accomplishment underscores the company’s strategic prowess and steadfast determination to excel amidst adversity. Thenationalnewssource.

DP World’s first-half profit soars by 33%, reaching $651 million,...

https://mfame.guru/dp-worlds-first-half-performance-shines-amidst-shipping-industry-challenges/

Shippers Are Counting On Green Methanol To Minimise Emissions

24 August 2023

Credit: marek piwnicki- unsplash – emission

Ship orders have risen, but some slow to commit
Obstacles include sourcing green supply, cost premium
Limited production capacity in Asia’s bunker hubs

A Reuters news source notes that shippers are betting on green methanol to reduce emissions, but the supply is lagging behind.

Vessels powered by methanol

Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol...

https://mfame.guru/shippers-are-counting-on-green-methanol-to-minimise-emissions/

[FAQ] How Do You Prevent Container Loading Capacity Errors?

24 August 2023

Credit: rinson-chory-2vPGGOU-unsplash

How do you handle container loading capacity issues or errors and prevent them from recurring? intrigues a LinkedIn post.

Container loading capacity

Container loading capacity is a crucial factor in container shipping, as it affects the efficiency, safety, and profitability of the operations. However, container loading capacity issues or errors can occur due to various reasons, such as incorrect measurements, faulty equipment, human errors, or external...

https://mfame.guru/faq-how-do-you-prevent-container-loading-capacity-errors/

Improve Your Ship’s Marine Cyber Security With These 8 Smart Tips

14 August 2023

Credits: Natalya-letunova-unsplash

Shape up your vessel’s maritime cyber security with these 8 clever tips, states a Wartsila news source.

Could your vessel be a potential target for a cyber attack? If you’ve got equipment with network connections on board, then the short answer is yes. Here are eight clever tips you can follow to help protect your vessel and your business from hackers.

Maritime cyber security is something you need to take seriously whether you’re operating a small fishing craft...

https://mfame.guru/improve-your-ships-marine-cyber-security-with-these-8-smart-tips/

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