Demurrage and Laytime, Explained
Trading & Markets Demurrage is the cost of a ship waiting, and on a petroleum cargo it accumulates fast enough to erase a trade's margin in a couple of days. It turns on one question that sounds simple and rarely is: when did the clock…
Firefighting Systems The emergency fire pump exists for the day the engine room is on fire and the main pumps are unreachable. It is tested rarely, si…
Life-Saving Appliances The lifeboat gets the attention. The davit and winch that lower it get far less, right up to the moment a brake slips during a…
HSE & Compliance Enclosed space entry kills experienced seafarers every year, and it kills the people who go in after them. The procedures that pr…
Goldman, Rystad See Room for $120 Oil if U.S.-Iran Conflict Continues
As commodity traders adapt to a forecast of prolonged uncertainty and disruption in the Strait of Hormuz, oil prices are rising again - and analysts and Goldman see room to grow.
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Kongsberg Maritime Enters Agreement to Acquire Steerprop
[By Kongsberg Maritime] Kongsberg Maritime ASA has entered into an agreement to acquire Steerprop, a Finnish designer and manufacturer of azimuth propulsion systems specialising in high ice-class and Arctic vessels.
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US Coast Guard Unit Concludes Joint Logistics Exercise in South Korea
US Coast Guard Port Security Unit 309 personnel have returned to Port Clinton, Ohio, following their participation in a bilateral logistics exercise alongside South Korean forces in Pohang.
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Five-year Wait for Panama Canal Water Fix as Transit Limits Loom
The new administrator of the Panama Canal said that once the Rio Indio infrastructure project is complete, the critical shipping waterway will not need to impose restrictions on transit even during droughts.In…
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UAE Rejects Being Held “Hostage” in Escalating US-Iran War
The United Arab Emirates is building alternative routes for its energy exports and trade to ensure they are not, "held hostage," by the ongoing war between the US and Iran, UAE presidential…
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