Maritime News

Supply and Demand Disparity Hits Transatlantic

Credit: Ian Simmonds/Unsplash

Too much capacity is being injected into the Transatlantic tradelane, suggesting rates are likely to topple. The Transatlantic’s high of full ships and strong rates in 2022 has started to slip due to overcapacity, as carriers redeploy tonnage into the trade from other areas, reports Riviera Maritime Media.

2022 was the best year!

Atlantic Container Line (ACL) chief executive Andrew Abbott sums it up, “2022 was the best year in ACL’s history, it was unbelievable, and...

https://mfame.guru/supply-and-demand-disparity-hits-transatlantic/

A Joint Venture Achieved New Methanol Marine Fuel Milestone

Methanex, Stena Line and Port of Gothenburg Achieve New Methanol Marine Fuel Milestone

World’s first methanol ferry is first non-tanker to bunker via ship-to-ship

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) — Methanex

Corporation (TSX:MX) (NASDAQ:MEOH), Stena Line and the Port of Gothenburg are

proud to mark a new milestone in advancing methanol as a cleaner burning

marine fuel—supporting the shipping industry’s shift towards decarbonization.

First methanol ferry

On January 23, the...

https://mfame.guru/a-joint-venture-achieved-new-methanol-marine-fuel-milestone/

The Great Fuel Rip-Off Could Be Coming To An End

Credits: Krzysztof Hepner/ Unsplash
  • One alternative that has been proposed is a fuel regulator, christened “PumpWatch” by Howard Cox, founder of campaign group FairFuelUK. 
  • Fuel prices are still high, while motorists are being squeezed elsewhere by the cost of living crisis. 
  • While a price checker reports data and lets economic gravity do the rest, PumpWatch would do its own calculations and settle on an “acceptable” price.

Price checker under consideration to boost competition and cut costs at...

https://mfame.guru/the-great-fuel-rip-off-could-be-coming-to-an-end/

Superyacht Made From A Container Ship

Credit: Marcin Ciszewski/Unsplash

The nautical take on erecting a residence out of cargo containers.

Comfort and safety

Nothing is worse for the nouveau riche than realising the old guard at the yacht club doesn’t actually respect them. Buy this elegant $72 million pleasure vessel instead of those other old-money jumpers so you can really put them in their place. This is the Vard 1-08 Kilkea, a “pedigree-builder” superyacht formerly a container ship.

VARD 1- 08 KILKEA has unmatched seakeeping...

https://mfame.guru/superyacht-made-from-a-container-ship/

Ship Blocking Suez Canal Costs UK Government £400,000

Credit: m-abnodey-unsplash
  • A recent news article published in the Inews states that UK Government forced to pay £400,000 in damages for ship that blocked Suez Canal.
  • The Ever Given was carrying more than £700m of products, including Nike shoes, Lenovo laptops and Ikea furniture but it is unclear what cargo the UK’s health ministry had aboard the ship.

A recent news article published in the I News states that UK Government forced to pay £400,000 in damages for ship that blocked Suez Canal.

£422,00...

https://mfame.guru/ship-blocking-suez-canal-costs-uk-government-400000/

Keeping Check Of Hull Values And P&I Cover Important For Shipowners

Credits: Vlad Deep/ Unsplash
  • Under each rule, the board of the club may, for the purposes of assessing any amount recoverable, determine the ‘proper value’.
  • The Board expects members to review the insured values of their ships under their hull policies in the light of market conditions on a regular basis.
  • So far as the collision rule is concerned, cover under the hull policy is always limited to the insured value of the ship. 

All shipowners make sure that hull insurance is in place to cover...

https://mfame.guru/keeping-check-of-hull-values-and-pi-cover-important-for-shipowners/

TT Club Supports NaVCIS To Help Combat Freight Crime

Credit: erik-mclean-unsplash

The National Vehicle Crime Intelligence Service (NaVCIS) is a police unit with a freight team that collates, analyses and disseminates Road Freight Crime information across England and Wales. The unit has been recently tasked by the UK Government’s Home Office with delivering a Problem Profile on freight crime.  TT Club is supporting NaVCIS Freight and its report with the aim of obtaining increased public funding to address the situation, reports All About Shipping.

Pr...

https://mfame.guru/tt-club-supports-navcis-to-help-combat-freight-crime/

13 Best Amenities Aboard Royal Caribbean’s Wonder of the Seas

Credits: Josiah Weiss/Unsplash

Royal Caribbean’s new 9,300-person cruise ship, Wonder of the Seas, is packed with amenities that could entertain any family.

The list can be a lot, so here are the 13 best ones on the ship’s non-revenue sailing for media and travel agents.

Not every cruise vessel has a bar with two robotic arms, liquor on the ceiling, and no bartenders…. as well as several watering holes with live music — including a karaoke bar — and plenty of room to dance.

Read the full article...

https://mfame.guru/13-best-amenities-aboard-royal-caribbeans-wonder-of-the-seas/

Dstl And DASA Research Supports Royal Navy’s MAS

Credits: Jonathan Cooper/ Unsplash
  • Defense research organizations have played a key role in the funding and technical partnering of maritime autonomous systems (MAS).
  • Dstl and DASA worked closely with the Royal Navy and Plymouth-based MSubs on the development of the eXtra Large Uncrewed Underwater Vehicle (XLUUV).
  • The Royal Navy already operates small maritime autonomous systems, so the XLUUV was the first at this size.

The Defence Science and Technology Laboratory (Dstl) provides the Ministry...

https://mfame.guru/dstl-and-dasa-research-supports-royal-navys-mas/

How Drag Reduction Can Increase Vessel Efficiency?

Credit: erik-mclean-unsplash

Reducing vessel resistance, commonly known as drag, can decrease the amount of energy a vessel requires to move through water – thus reducing fuel consumption and CO2 emissions, important steps in helping shipping address its decarbonisation challenges as well as manage costs, reports LR.

Drag reduction

According to Krassi Fotev, Founder, CEO and Chief Scientist of 13 Mari, technology developed by his company can produce between 3 and 5% drag reduction. This could be...

https://mfame.guru/how-drag-reduction-can-increase-vessel-efficiency/

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