After a stakeholder meeting took place along the Belize Port Authority and wider government earlier in January, priority areas will be surveyed, capturing sonar data of Belize’s main ports and approaches. Namely, high frequency mapping sonars are being used, which have no negative impact on its diverse ecosystems and marine life.
A recent survey by Moore Stephens revealed that vessel operating costs are expected to increase during this year and also the following, specifically by 2.1% in 2017 and by 2.4% in 2018. The international account and shipping consultant said that repairs & maintenance and spares are the cost categories which are expected to rise most significantly.
Speaking in London, new IACS Chairman, Knut Ørbeck-Nilssen announced a series of initiatives designed to ensure that IACS provides the support its stakeholders need in a rapidly changing industry. As Mr Ørbeck-Nilssen explained, the industry is becoming more and more complex ahead of digitalization.
The Shipowners’ Club issued a guidance note, regarding the reactivation of a vessel following a period of lay-up, noting that whether it be an offshore support vessel, or any type of vessel, reactivation following a period of lay-up requires very careful management in fully assessing the risks involved.
According to Drewry’s latest edition of the Tanker Forecaster, recovery in the crude tanker shipping market is not expected until 2020, as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of any market upturn will be heavily influenced by the level of scrapping.
The US Government Accountability Office issued a report addressing federal and state actions, expenditures and challeges on abandoned and derelict vessels. The report notes that the ability of the federal government to respond to such incidents is largely limited to those vessels, that create a hazard to navigation, they threat of a spill of oil or hazardous substance, or present a public health threat.
SAFETY4SEA is pleased to announce the release of the new issue of its CSR4SEA Log including the update of Shipping CSR500 Survey which reveals that shipping needs a long-term vision in terms of CSR as well as further research to overcome barriers for a widespread adoption in the industry. The publication also features opinions from industry experts who share their insights into key CSR challenges, suggest ways and introduce best practices for effective implementation.
Xeneta issued a survey on the competence between big shipping alliances and smaller lines, stating that, in the current economic conditions, there aren’t many shipping lines that can operate entirely on their own, as they cannot provide the required coverage all by themselves, so they enter shipping alliances. However, there must be ways that smaller lines can also offer value.
Shipping confidence held steady in the three months to end-February 2017, Moore Stephens’ latest Shipping Confidence Survey shows.
Specifically, the average confidence level expressed by respondents was 5.6 out of 10.0, unchanged from the previous survey in November 2016 and equal to the highest rating since August 2015.
The second annual Moore Stephens Shipping Risk Survey revealed a fall, when compared to last year, in the overall level of satisfaction on the part of respondents that sound risk management had contributed to the success of their organisations. The involvement of senior management in managing risk at the highest level also declined against last year.
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