Integrated Solutions for Malaysia’s Maritime and Offshore Sector
VLSFO Prices: What Moves Them and What They Cost You
Trading & Markets Fuel is the largest single cost of running most ships, and it is the one that moves. Understanding what actually drives the price of very low sulphur fuel oil, and how that price reaches your operating account, is wort…
Trading & MarketsIncoterms for Petroleum Cargoes: FOB, CIF and DESTrading & Markets Three letters in an oil contract decide who pays for the voyage, who insures the cargo, and who carries the loss if it is spille…
Drones & UASBVLOS Approval: What It Unlocks OffshoreFlying a drone along a hundred kilometres of pipeline, or out to an offshore platform, means flying it where the pilot cannot see it. That single step…
Workforce & TrainingThe Welder Qualification Test, and Why Yards Fail ItA shipyard can lose a contract before the first weld if its welders cannot prove their qualifications on paper. The welder qualification test looks si…
Russia Diverts Kazakh Oil to Black Sea Port Amid Risk of Attacks
Russia is rerouting Kazakhstan's crude oil exports from the Baltic port of Ust-Luga to the Black Sea port of Novorossiysk, freeing up capacity for more Russian oil exports from the Baltic amid…
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Equinor Buys Stake in Namibia Oil Exploration Licence From Chevron
Equinor said on Tuesday it has agreed to buy a stake in an oil exploration licence in Namibia from a subsidiary of US energy major Chevron as the Norwegian company seeks to…
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Outbound Vessel Struck by Projectile in Strait of Hormuz, Damage and Casualty Reported
The United Kingdom Maritime Trade Operations said it received a report on Tuesday that a vessel was struck by an unknown projectile while transiting outbound in the Strait of Hormuz, causing engine…
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Maritime Industry Turns Corruption Data Into Operational Intelligence
[By: Maritime Anti-Corruption Network] For more than a decade, the Maritime Anti-Corruption Network (MACN) has collected reports of corruption demands, delays, coercion, and other integrity challenges faced by vessels around the world.
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MSC Tests Transits as Container Volumes Rise at Suez Canal
The volume of containership transits at the Suez Canal is continuing to rise as more carriers are growing comfortable with the security risks in the region.
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