Tag: shipping industry

Owners in Singapore are about to receive the most vessels ever by the end of 2018. This is result of a large number of order for various ship types. The previous record was 10 years, in 2008, when the asset value was at its peak. The record 2018 will see Singapore jump into number two of expected deliveries this year.

The European Economic and Social Committee called the European Commission to adopt a strong mutual policy, in order to make sure that the European maritime technology industry will survive competition from Asian shipyards. The EESC urged the Commission to focus on the LeaderSHIP 2020 strategy'and to forward key recommendations for the sector's new LeaderSHIP 2030 strategy.

A recent report surveyed 6,000 seafarers, asking them questions regarding the new technologies and digitalization. The seafarers were called to answer questions regarding digital transformation with regard to the shipping industry. 92% of seafarers surveyed, said that Internet access strongly affects their decision on where to work.

ITF report outlines technological, operational and energy measures to achieve zero CO2 emissions through possible decarbonisation pathways. Carbon emissions from global shipping are expected to reach approximately 1,090 million tonnes by 2035; an 23% increase of emissions compared to 2015.

In a letter to the Commission, 13 EU Members say that they want to "free up the significant potential of simplification and harmonization by future-proofing the directive so that it is in line with the digital age through better utilization of existing data sources and automation of administrative processes."

The Convention on the International Maritime Organization was adopted 70 years ago, on 6 March 1948, at the United Nations Maritime Conference held in Geneva, Switzerland. The convention entered into force 10 years later, on 17 March 1958, when Japan became the 21st State to ratify the treaty.

Norwegian shipping company Torvald Klaveness said that employing a Panamax on rolling spot contracts was more profitable than employment on a rolling one-year time charter. However, the two strategies performed differently depending on the choice of investment and market timing.

According to online freight forwarder iContainers, mergers and acquisitions activities for shipping carriers are expected to decrease in 2018. On the other hand, freight forwarders can expect to see an increase in M&A talks. Because of market downturn, many carriers formed alliances and set agreements on slot purchases, gaining cost-effectivenes. Such movements affected shippers.

Dynamic Positioning allows vessels to operate within feet of desired positions for prolonged periods of time. Despite it being a complex system, DP has been a significant benefit to vessels conducting high consequence operations on the outer continental shelf.