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ENTRY INTO FORCE OF THE BALLAST WATER MANAGEMENT (BWM) CONVENTION

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.

English

Why oil price volatility persists and is here to stay?

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.

English

Green Recycling for Rigs and Ships

The UAE has been proven a fruitful location for various industries throughout the years. As a hub for world trade and a beacon for the oil and gas industry, ship and rig recycling has great potential here.
 

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