Russia Dropped from Ship Certification Body as Sanctions Bite
The world's top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to the country's vital shipping sector. Classification
The Push for “Green” Ships will Keep Ocean Freight Costs High
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say. Shipping, which transports about 90% of world trade and accounts for
Ship Recycling: What Goes Up, Must Come Down
The recent noteworthy drop in the Indian ship recycling market seems to have reverberated across the sub-continent recycling sector this week, as competing markets start to reverse their vessel offerings in near unison, according to GMS. Bangladesh has remained largely quiet
Top 10 Ship Owning Nations
Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017. Greece - $84.079 billion Japan - $80.169 billion China - $68.333 billion Singapore - $38.052 billion United States - $34.432 billion Germany -
IMO Creates International Day for Women in Maritime
The International Maritime Organization (IMO) Council, meeting from November 8-12, established an International Day for Women in Maritime, to be observed on May 18 every year. Once adopted by the IMO Assembly in December 2021, the observance will celebrate women in the
French ports combatting vessel surging
In order to offer optimum service to its customers during their calls at Le Havre, Haropa Port has installed a ShoreTension system. Ships regularly have difficulty in keeping securely alongside quay, a problem known as ‘surging’, which refers to back and