Concerns over low sulphur fuel usage
The use of low sulphur fuels can add up to USD20,000 to the operational expenditure of a ship per annum, according to Sacha Cornell, fleet manager at Norbulk Shipping.
Human Rights Due Diligence Tool launched to protect seafarers
The United Nations (UN) has launched its Human Rights Due Diligence Tool – a checklist designed to help maritime sector businesses uphold their responsibility to respect human rights under the UN Guiding Principles on Business and Human Rights during the Covid-19 crew change crisis.
Chinese demand spurs on Chipolbrok
“China has overcome the pandemic and the economy is booming,” reports Chinese-Polish carrier Chipolbrok. It has observed growing demand for Chinese products – from basic materials to consumer goods, industrial units and wind power components.
NYK commits to ship recycling
NYK Line has joined the Ship Recycling Transparency Initiative (SRTI), an information disclosure platform hosted by the Sustainable Shipping Initiative (SSI).
Drewry: rates still rising
The Drewry Multipurpose Time Charter Index rose to USD7,992 per day in April 2021, representing a rise of 2.5 percent compared March 2021.
Alfa Laval to acquire StormGeo
Sweden-headquartered Alfa Laval will acquire StormGeo, which provides weather intelligence software for the shipping industry.