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.…
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…