LNG Situation: Challenges and Opportunities

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.…

Seafarers’ Stories

IMO dedicates the 2021 World Maritime Theme to seafarers that facing unprecedented challenges due to the COVID-19 pandemic. Let’s take a look at interviews with seafarers around the world. In this regard, it continues to emphasize the importance of the role seafarers play now and in the future. The slogan is “Seafarers: at the center…

The Biggest Maritime Disasters

Many maritime accidents and incidents have reported. Let’s take a look at the biggest of them. 1987 – Philippines – Deaths 4.386 Doña Paz. On December 20, 1987. At route from Tacloban to Manila. This passenger steamer collided with the oil tanker MT Vector in the Tablas Strait near Marinduque. The collision ignited Vector’s cargo…

Capesize Freight Rates Break Records!

Capesize Price Levels are at their highest level in the last 10 years. Let’s take a look at the reasons of the sharp price increse in Capesize rates. Capesize freight rates hit a ten-year high on August 18. The main reason is the major iron ore route from Brazil to China as bullish fundamentals and…

Glossary of Maritime

There are hundreds of special words belonging to the maritime sector. The glossary of nautical terms covers ports, ships, agents and seafarers. Most of the words presented are a compilation from the internet and our daily work experiences. Aframax: A term used for the largest dry bulkcarriers. Aft: At or towards the stern of a…

Dry Bulk Capesize Freight Rates

Dry bulk freight rates set a record with the increase in cargo loading volumes in 2021. The dry bulk market includes iron ore, coal, grains, oilseeds, steel, cement, forest products, agricultural products, non-ferrous minerals and metals. Prices driven by the commodity boom, high shipping demand, port congestion and the world economy recover from the pandemic.According…

Shipping Industry Facts

Shipping is a global industry that has been in the world of commerce since ancient times. But most people know little about it. Let’s take a look some interesting facts below; 1- 90% of the world’s goods transported by the international shipping industry. 2- It is the most affordable means of transportation for international import…