Expert's View

  • A new era of green shipping to be underway

    Originally, the cheapest available materials were used on land and at sea, viz. asbestos to make fire retardant clothes, insulation and packing materials, PCBs, TBT, TBTO, TET in paints and CFC gases in refrigeration systems, without assessing the harm they caused to humans or to the environment.

  • Why isn’t the oil market recovering faster?

    As one of the most sensitive commodities to global change, the current state of black gold remains a mystery to scholars. A gradual build-up of factors including monopolies, natural disasters, supply and demand, credit bubbles, market cycles, global warming and last but not least geopolitics have all come to bear on oil prices. These combined dynamics are far more complex than they in previous recessions.

  • Is it time to realign class and flags?

    Omar Abu Omar, President for Gulf Navigation Maritime and Operation in the UAE, believes it may be time to fundamentally review the role of class for flag states. For example, in the currently depressed shipping market there is “huge competition among class societies on prices,” says Abu Omar “to the extent that some services are being offered virtually for free.”

  • Automation in the marine and oil and gas industry

    Is it time to call it a new world order when it comes to automation and robotic use in the marine and oil and gas industry? For many years we saw how movies painted a picture of an automated world with robots and human-less services.

  • ENTRY INTO FORCE OF THE BALLAST WATER...

    by Roberto Cazzulo, RINA

    Ships will be required to carry on-board an approved “Ballast water management plan” and a “Ballast water record book”. Ships ≥ 400GT will have also to carry on board an “International Ballast Water Management Certificate” issued for a period not exceeding five years and subject to annual, intermediate and renewal surveys.

  • Why oil price volatility persists and is here to...

    by Arvind Ahuja

    2016 was a challenging year, with tight financial markets with low liquidity, restricted cash flows limiting investments in new projects and expansions, a high number of payment defaults, low crude prices hurting the oil and gas industry, removal of subsidies and introduction of taxes or higher interest rates by the oil exporting countries.

    For the maritime industry, with its overcapacity choking the freight rates, bulk carriers and dry cargo fleets were the worst hit with Hanjin’s failure highlighting the severity of the crisis.

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A new era of green shipping to be underway

Originally, the cheapest available materials were used on land and at sea, viz. asbestos to make fire retardant clothes, insulation and packing materials, PCBs, TBT, TBTO, TET in paints and CFC gases in refrigeration systems, without assessing the harm they caused to humans or to the environment.

English

Why isn’t the oil market recovering faster?

As one of the most sensitive commodities to global change, the current state of black gold remains a mystery to scholars. A gradual build-up of factors including monopolies, natural disasters, supply and demand, credit bubbles, market cycles, global warming and last but not least geopolitics have all come to bear on oil prices. These combined dynamics are far more complex than they in previous recessions.

English

Is it time to realign class and flags?

Omar Abu Omar, President for Gulf Navigation Maritime and Operation in the UAE, believes it may be time to fundamentally review the role of class for flag states. For example, in the currently depressed shipping market there is “huge competition among class societies on prices,” says Abu Omar “to the extent that some services are being offered virtually for free.”

English

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