Despite the relative difficulty in obtaining adequate ship financing, activity in the S&P market for second hand vessels is still rather brisk.
Every nation has its own requirement for ships for their trade.. In this article shared from Hellenic Shipping News Worldwide, we look at which ships are in demand and what types of vessels each maritime nation is buying..
Other than educational articles related to shipping and freight, from time to time I also post news, opinion pieces and articles that provide a glimpse into other less known aspects of the shipping, freight, maritime, logistics and supply chain industry..
Articles that help in improving knowledge in line with the motto of this blog, SEEK – LEARN – KNOW – GROW..
Today’s article is about Tetrapods.. No, not the living 4 legged variety, I am talking about the inanimate 4 legged objects that protect our ports and harbours..
On the 6th of March 2018, Maersk Honam, one of Maersk’s ultra-large containership caught fire while en-route from Singapore to Egypt, in the Arabian Sea..
Five crew members perished in this incident which was one of several containership disasters that have happened in recent history..
Learning from these lessons, Maersk Line announced that after a thorough review of current safety practices and policies in the stowage of dangerous cargo, they implemented a set of new guidelines called Risk Based Dangerous Goods Stowage to improve safety across its container vessel fleet..
Currently the bunker fuels used in all modern commercial ships have a high content of sulphur which is quite harmful to the environment..
The current global limit for sulphur content of ships fuel oil is 3.50% m/m (mass by mass)..
The IMO has been working to reduce harmful impacts of shipping on the environment since the 1960’s and as from 1st of Jan 2020, has implemented regulations that sets the new global limit on the sulphur content at 0.50% m/m..
IMO has advised several methods through which ships can meet lower sulphur emission standards, which obviously comes at a cost.. Read and share your comments on how these new costs may affect you..
Recent news reports of 83 containers falling off a ship off the coast of Australia in heavy seas seems to have triggered a question in the minds of some people Is the ship register or ship registry liable for containers falling off a ship..??
When reading the news articles about this incident, I noticed something very interesting in the way in which the general public and the shipping fraternity identify a ship, its markings and the areas of concern.. 🙂
Digitalisation is re-shaping the business world and is increasingly important for competitive edge. Transformational concepts, together with the evolution and development of new platforms, are providing unparalleled opportunities within shipping and the related transport and supply chain infrastructure.
Join Digital Ship in London on 21st June to investigate how the impact of digital business can be measured and harness the benefits of new technologies to improve performance – from ship to shore to delivery.
From the time that languages came into being, till date there is no ONE common language around the world that is understood by all..
Every country, region has its own language which brings along with it communication barriers..
These communication barriers affect maritime industry as well, as there are seafarers of different nationalities involved in the trade.. Different nationalities obviously means different languages and there could be these language barriers when communicating between ships..
Majority of the seafarers come from countries like Philippines, Indonesia, China, Russia, Turkey, India, USA, Japan, Korea, Canada and Malaysia.. Most of these countries are Non-Native English speaking countries so one can imagine the gap in communication between ships..
The International Code of Signals (ICS) was created to overcome these language barriers and allow ships to communicate with each other especially in situations relating to safety of navigation and people..
The International Code of Signals is an international system of signals and codes used by ships to communicate short but important message between themselves..
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics and Supply Chain ..
But once you are involved in the business or know about these businesses, you will very soon understand that these are very different industries with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge and attitudes..
In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected..