The TT Club estimates that the international maritime industry incurs losses of about $6 billion each year because of incorrectly packed or documented cargo.“That includes damage to the cargo and delays, environmental cleanup, injuries and ship damage. The point is that $6 billion is totally unnecessary. If people followed things correctly, then that $6 billionContinueContinue reading “Cargo Damage Prevention, TT Club”
Author Archives: Lilie Bahati
Bubble Concept to Kickstart Cruise Ship Tourism in Sweden
Sweden is a popular cruise destination and by restarting cruise services at Stockholm a positive message has been sent out to the struggling, pandemic hit international cruise shipping companies. The pandemic restrictions are being eased up around the world but every country, every province has its own protocol. Joakim Larsson, Planning Commissioner of the CityContinueContinue reading “Bubble Concept to Kickstart Cruise Ship Tourism in Sweden”
Passenger ferry in Black sea Catches Fire
Fire erupted in engine room of ro-pax ferry GREIFSWALD on Jun 18 in Black sea, the ship being en route from Chornomork Ukraine to Batumi Georgia. Not much details available, understood the ship was disabled, adrift for several hours, later taken on tow and towed to Chornomorsk anchorage. As of 1300 UTC Jun 19, theContinueContinue reading “Passenger ferry in Black sea Catches Fire”
Costs of Shipping LNG from Us to China Hits a record high.
Summary Freezing temperature in Parts of Asia and Europe drives LNG shipping costs from Us to a record high. The US is the main producer of LNG The cost of shipping liquefied natural gas (LNG) from the United States to Asia hit a record high on Tuesday as appetite for the fuel from buyers thereContinueContinue reading “Costs of Shipping LNG from Us to China Hits a record high.”
Capesizes the Biggest Earners in China’s New Demand for Coal
The Baltic Exchange’s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, leaped 158 points, or nearly 11%, to 1,606, its highest since Oct. 14, 2020.ContinueContinue reading “Capesizes the Biggest Earners in China’s New Demand for Coal”