Major sectors of the maritime industry are investing in LNG fueled vessels. Let’s take a look at the situation. LNG is the only commercial viable alternative to conventional marine fuels for deep-sea transportation. LNG-powered vessels are one of the options that meet reduced emissions requirements. For this reason, major sectors of the maritime industry are investing…
The spread of the Omicron coronavirus variant is a new topic of tension in the maritime shipping industry. It could deal another blow to supply chains The worldwide traffic congestion in the transportation bottlenecks will either continue or revive with 2022. If bottlenecks persist, freight costs will remain high. Cargo on ships will limited and…
New ships are being produced with advanced technologies in order to include LNG as a fuel source and to reduce emissions and operating costs. Let’s take a look at the “world’s first” marine vessels powered by LNG. The global emission requirement is driving the maritime industry to use cleaner fuels. New ships are being produced…
Following another challenging year that the industry has ever seen, 2022 has arrived with many unknowns but also some positive signs to be hopeful. The balance of the dry cargo and container market expected to remain stable in 2022. Also, it expected that there may be an improvement in freight rates. The effects of the…
Container and dry bulk carrier earnings are at record levels as high demand for the goods hits supply chains. Despite the Covid market conditions, the container market figures are very high. The increase in customer demand at the same rates enabled container manufacturers to make huge profits. Also carrier profitabilities increased because of the exceeded…
Containerization is on the list of events and issues that have shaped the world in the last 80 years. Let’s take a look at at the history of containers. How it emerged and its effects on logistics. Today, an estimated 90 % of the world’s goods transported by sea. And 60 % of that –…
An increasing number of seafarers are quitting their jobs because of their working conditions during Covid 19. If we look a the global workforce shortage and high turnover, we see that; Motivating and retaining seafarers are an important challenge among seafarers. The difficult working conditions during the pandemic increased the importance of this issue. The…
IMO introduced an Energy Efficiency Design Index for existing ships in June 2021. These requirements will come into effect on January 1, 2023. By 2030, IMO aims to reduce carbon emissions per shipping business of ships by at least 40%. And by 2050 it is targeting a 70% reduction. To achieve this, the Marine Environment…
Let’s take a look at the most famous and busiest shipping canals from around the world; Shipping channels are waterways built along major sea waterways to allow the passage of ships. Such channels provide short access routes between major seawater networks. And regulate maritime traffic within countries. Some of the shipping channels of different lengths,…
Let’s take a look at the current status and future prospects of LNG fuel for ships. In current energy challenges, natural gas (NG) has emerged as an friendly energy source with an plenty of offshore and onshore reserves. Liquefied natural gas (LNG) has become one of the most promising candidates for transporting natural NG worldwide.…