Tag: Worldwide
Oldendorff: Newcastlemax Biofuel Trial | Hellenic Shipping News Worldwide
Vale, working in partnership with Oldendorff Carriers, have just commenced their first biofuel voyage on a bulk vessel. The trial is taking place on an Oldendorff vessel performing a laden Vale voyage from Brazil to Asia, carrying a full cargo of iron ore. The Hinrich Oldendorff (209,113 deadweight built 2016) loaded the biofuel in Singapore…
New Fuels, New Challenges | Hellenic Shipping News Worldwide
Shipping’s need for decarbonization has increased the needs for alternative fuels and the supply chains to support them. For the most part, both of these prerequisites don’t exist today. In its latest weekly report, shipbroker Intermodal said that “the maritime industry is on the verge of a significant transformation as it navigates through complex challenges…
Seas of sustainability | Hellenic Shipping News Worldwide
As global industries navigate the complexities of carbon, ammonia, and hydrogen value chains, shipping is engaging as a critical facilitator and enabler of the global green energy revolution. As a transporter of future fuels, shipping is fundamentally supporting the transition of the world’s energy transition. Speaking at an American Bureau of Shipping (ABS) Sustainability Summit,…
Tankers: Business as Usual? | Hellenic Shipping News Worldwide
After the latest events in Israel and Gaza, the tanker market has been largely unaffected. However, as the crisis looks to be escalating, so can its impact on shipping. In its latest weekly report, shipbroker Gibson said that last weekend, “the world woke up to the extremely disturbing news coming out of Israel, with the…
Relocate, relocate, relocate | Hellenic Shipping News Worldwide
The splintering of the world political order is changing who buys what from whom. More diversity in trading partners offers hope to improve woeful container imbalances. The following is an extract from Drewry’s latest Container Forecaster report, just published. A byproduct of the early-century outsourcing of manufacturing and the increasing reliance on China to be…
Newbuilding Activity Settles Down | Hellenic Shipping News Worldwide
Newbuilding ordering activity was on the downside this past week. In its latest weekly report, shipbroker Allied Shipbroking said that “the quietest week so far in September for new order contracting, with just 16 firm orders rumored this week – just over half of last week’s number. In the dry bulk sector, Meadway Shipping have…
Raising wreck recoveries | Hellenic Shipping News Worldwide
A significant new judgment issued by the Hong Kong SAR Court of Final Appeal (CFA) is likely to add new impetus to tactical considerations for parties where a collision results in wreck removal. The question before the court in Perusahaan Perseroan (Persero) Pt Pertamina v Trevaskis Ltd and Others [2023] HKCFA 20 (STAR CENTURION c/w…
Drewry’s World Container Index | Hellenic Shipping News Worldwide
Drewry’s composite World Container Index increased by 1.7% to $1,790.60 per 40ft container this week. Our detailed assessment for Thursday, 10 August 2023 Source: Drewry World Container Index, Drewry Supply Chain Advisors The composite index has increased by 1.7% to $1,790.60 this week, and has dropped by 72.2% when compared with the same week last…
Developing a safety culture | Hellenic Shipping News Worldwide
Compliance with regulations and related requirements is a given for all businesses. Failure to comply will place your business in an extremely difficult position, should a serious incident occur. However, adherence with the law should be seen as the baseline in the context of developing a mature safety culture. Furthermore, achieving the minimum may not…
Value safety | Hellenic Shipping News Worldwide
Safety culture encompasses the shared values, beliefs, attitudes, and behaviours regarding safety within an organisation. It reflects the collective commitment to creating and maintaining a safe working environment for all individuals involved. A strong safety culture goes beyond mere compliance with regulations and standards; it fosters a proactive and continuous effort to identify and mitigate…
