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Escrow and Payment Security in Physical Petroleum Trades

Tanker at sea

A buyer who has learned to spot a fraudulent cargo offer still needs to know what a genuine one looks like when it is properly protected. The answer is usually not escrow, and understanding why is the fastest way to tell the two apart. By MarineCraft Journal  ·  24 September 2026  ·  … Read more

MLC 2006: The Detentions That Come From Paperwork, Not Conditions

Crew looking out from an offshore deck

When port State control ran a targeted campaign on crew wages and employment agreements, deficiency rates jumped roughly fourfold against the preceding three years. The ships had not changed. What changed was that someone read the contracts. By MarineCraft Journal  ·  22 September 2026  ·  9 mins read 4xdeficiency rate during the … Read more

Ballast Water Management: The D-2 Standard Is In Force

Inspecting a large diameter pipe

Holding the certificate no longer settles the question. Since D-2 became mandatory for every ship in scope, inspectors have moved from verifying documents to sampling what actually leaves the ship, and the findings that follow are rarely about the treatment plant. By MarineCraft Journal  ·  18 September 2026  ·  8 mins read … Read more

Local Content and Workforce Sourcing on PETRONAS Projects

Worker on a vessel deck

Local content is usually described as a policy objective. On a live project it behaves as something far more concrete: a set of conditions determining which companies may bid at all, and who they are permitted to put on the job. By MarineCraft Journal  ·  10 September 2026  ·  9 mins read … Read more

Late-Life and Decommissioning Realities for Southeast Asian Offshore Assets

Watching a drillship from shore

Much of Southeast Asia’s offshore infrastructure was built for a design life that has already passed. Those platforms are still producing, which means the operative question is no longer whether they last, but under what conditions they are allowed to. By MarineCraft Journal  ·  9 September 2026  ·  10 mins read Design … Read more

Demurrage and Laytime, Explained

Port

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 actually start? By MarineCraft Journal  ·  8 September 2026  ·  … Read more