Insight – Page 18
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NewsInsurers warn on sulphur cap
As the IMO's 2020 sulphur cap draws closer, insurance broker Marsh has emphasised that non-compliance with the regulations could allow a ship to be declared unseaworthy, threatening to invalidate liability insurance cover.
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NewsDrewry - brighter future for MPVs
According to Drewry Maritime Research, the economics suggest that the multipurpose (MPV) shipping sector should be performing much better than it actually is. Demand growth has been steady, outstripping the supply of new vessels. However, own
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Calls for carriage ban of non-compliant fuels
Environmental organisations have teamed up with international shipping associations to call for a carriage ban of non-compliant marine fuels when the global 0.5 percent sulphur cap takes effect in 2020.
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NewsThomas Miller acquires Brookes Bell
UK-based insurance provider Thomas Miller has acquired marine consultancy Brookes Bell for an undisclosed amount.
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NewsTruck emission rules set to tighten
From January 1, 2019, there will be a requirement that all newly produced trucks within the EU will have to have their CO2 emissions and fuel consumption determined and declared.
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NewsMalin Integrated Solutions launches
Scotland's Malin Group has formed a joint venture with Marint (Offshore Services) and Dixon Marine Consulting (DMC).
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NewsTransformative year ahead for ports
International law firm Ince & Co has advised port operators to expect a year of transformation in 2018.
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NewsBIMCO advises cautious optimism
The Baltic International Maritime Council (BIMCO) has warned that while 2017 was a year of change, much of it for the better, a cautious approach is still needed for 2018 to maintain the progress already achieved.
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NewsOptimism could be triumphant
International accountant and shipping adviser Moore Stephens expects optimism to triumph over pessimism in the shipping industry during the next twelve months.
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ArticleOn the ocean: Financial meltdown
“Back in 2007 business was good in project cargo,” said Martin Lanting, founder of diversified brokerage 24Vision, based in Rotterdam. “Everything was at record levels, and the offshore energy business was at big numbers. Oil was creeping up to USD100 a barrel and everyone was very excited. Until October 2008. After the demise of Lehman Brothers and the financial crisis, everything dropped dramatically, almost overnight.”
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ArticleOn the ocean: Climbing out of the Crisis
Common themes were apparent when industry chiefs were asked to identify the most disruptive events to affect the heavy lift and multipurpose shipping sector since 2007.
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ArticleOn the ocean: Project cargo gateways
The advent of containerisation revolutionised the role of the port in the logistics supply chain. Breakbulk gateways saw their traditional cargo base eroded as the mantra ‘that anything that can go in a container, will do so’ continued to ring true.
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ArticleOn the ocean: Red Box weathers the storm
One company that has been weathering the storm in the shipping sector is ZPMC-Red Box energy services, which founder Philip Adkins attributes to the company’s commitment to changing the business model under which logistics contracts that underpin major energy infrastructure projects are won. Adkins says that he was already predicting ...
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ArticleOn the ocean: Environmental matters
December 12, 2015, heralded a significant step towards lowering global greenhouse gas emissions (GHG) with the signing of the Paris agreement on climate change. As part of global efforts towards combatting climate change, environmental concerns have led to an increased focus on regulations in the shipping sector. The International ...
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ArticleNetworks: Building trust
When HLPFI was launched a decade ago, there were just a handful of project freight forwarder networks. Now there are more than 15 dedicated to this niche sector of the logistics industry – and, it seems, more can be expected.
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AAPA pleased with final tax bill
The US Congress has passed the final Tax Cuts and Jobs Act legislation, including provisions related to tax-empt bond financing and wind energy production tax credits.
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NewsShipping confidence holds steady
Shipping confidence held steady at its highest rating for the past three-and-a-half years in the three months to end-November 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore S
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NewsESTA and FEM focus on wind turbine safety
Reducing accidents and improving safety during the erection and transportation of onshore wind turbines will be the focus of the third edition of the ESTA and FEM Experts Summit, which will be held in Hamburg on March 6, 2018.
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NewsBIMCO submits software maintenance standard
The Baltic and International Maritime Council (BIMCO) and Comité International Radio-Maritime (CIRM) have submitted a proposal for an industry-wide standard for software maintenance to the International Maritime Organization (IMO).
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NewsBIMCO updates BARECON
The Baltic and International Maritime Council (BIMCO) has published a new edition of BARECON, the industry's standard contract for bareboat chartering.