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…
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…
The first half of 2021 has been a good year for the shipping industry and global Trade flows as the effects of last year’s Covid pandemic subside. Let’s take a look in detail. While 2021 was on a downward trend for the Bulker market, it rallied in the first half of the year, with all…
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…
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 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 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…
With the aim of combating climate change, the EU Commission is revising the EU ETS directive in line with the European Green Deal. Their plans to include international shipping emissions for the first time. About the EU Emissions Trading System ETS operates in all EU countries plus Iceland, Liechtenstein and Norway (EEA-EFTA countries), It limits…
The growth momentum in the cruise industry, which has been increasing for years, has stalled due to the COVID-19 outbreak. Can the industry recover this year and what expected in the long run? One of the first alarms of Covid-19 came from the deck of the cruise ship Diamond Princess. More than 700 passengers aboard…
Seafarers’ COVID-19 vaccines need to prioritized. The amid concerns that a lack of vaccines for crew members could leave global supply chains vulnerable. As of March, UN officials had issued a joint statement. All United Nations Member States have to focus on seafarers’s COVID-19 immunization programmes. The race between virus and vaccine continues. The International…