the measures that will eventually reshape the shipping industry. The strategy includes a specific reference to a pathway of CO2 emissions reduction consistent with the Paris Agreement temperature goals, and could ultimately
lead to cuts in GHG emissions of more than 50%.
while it was hit by the floating crane. Following the collision, the tanker suffered a hull breach and ballast water was leaking from the vessel. The tanker has headed to Dubai for repairs and according to latest AIS tracking
information is now anchored near Dubai. The 2012-built Tian E Zuo is currently on a one-year time charter contract with Russian energy firm Lukoil.
natural disasters in 2017 will have the effect of pushing up P&I premiums in future years, though the impact will be considerably greater in the hull and machinery (H&M) market. These developments are significant in so far as total insurance costs, including
both H&M and P&I, account for as much as 10% of average vessel operating costs.
at risk. The escalation of strife in the region sent the key crude benchmark to its highest in more than three years, while volatility surged. Clearly, emotionally, people view markets as tighter because they are actually
reacting so strongly to these tensions, said Ashley Petersen, lead oil analyst at Stratas Advisors in New York. There is money to be made here again amid heightened volatility, she said.
they have already filed a complaint against the verdict claiming it has many errors.
Maersk Honam while the vessel was en route from Singapore toward Suez, about 900 nautical miles southeast of Salalah, Oman. At the time of the incident, the ship was carrying 7,860 containers for the 2M Alliance between
Maersk Line and Mediterranean Shipping Co. (MSC).
The atomized fuel quickly ignited. The fire was contained to the main engine room and extinguished by the CO2 fixed fire-suppression system. No injuries were reported, but property damage exceeded $3,750,000. The U.S. National
Transportation Safety Board determined that the probable cause of fire was improper tightening of a pipe plug on the top cover of the no. 6 cylinder.
pivot towards Asia, it is unsurprising that increased LNG demand within Asia accounted for 55% of total demand growth seen in 2017[i]. Currently Japan is the worlds largest importer of LNG, while China has edged its way into second place, overtaking South
Korea. Last year, total demand for LNG in China surged by 50%, reaching 38m tonnes.
intelligence is changing the world of container shipping. It is estimated that there are over a thousand overseas container terminals and that many of these call for cutting-edge technology, such as driverless vehicles, more than automation. Westwell’s
driverless container trucks can help logistics companies and terminals improve work efficiency and save labor cost by more than 50%, according to industry watchers.
company said that the VLCC suffered only minor damage, adding that there were no injuries to its crew aboard. The cargo was unaffected and there was no loss of containment.
Dryad Maritime, says the security situation within the immediate area remains fluid. Whilst the threat persists the rebels are highly
unlikely to non- Saudi linked targets.
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