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• Marco Fantasia, VP Safety and Compliance at Norwegian Cruise Line Holdings Ltd. (NCLH), acknowledges the deep-rooted traditions within the cruise industry.
• However, he notes a subtle yet impactful shift driven by a new generation of digitally-minded seafarers.
• Young crew members bring fresh perspectives, questioning traditional practices and advocating for digital solutions.

The cruise sector responds to evolving expectations by fostering innovation. The influx of digitally-inclined seafarers,...

https://mfame.guru/seafarers-steering-the-future-of-the-cruise-industry/

By Jennifer Jacobs and Michelle Jamrisko (Bloomberg) — President Joe Biden pressed Congress to quickly approve funds to rebuild a collapsed Baltimore bridge, visiting the site of a disaster that killed…

https://gcaptain.com/biden-urges-congress-to-approve-funds-for-baltimore-bridge-rebuild/

Weekly composite index covering 20ft, 40ft and Hi Cube box rates by Ningbo Shipping Exchange.

The index is reported every Friday (except Chinese holidays) at 1600 (Beijing).

https://mfame.guru/ningbo-containerised-freight-index-insights-into-composite-box-rates-and-surcharges/

Red Sea shipping volumes have slumped more than 60% since November as vessels opt for the longer Cape route to avoid Houthi attacks. But even as the severity of the attacks mounts, freight rates have retreated from recent highs, and oil-on-water may have peaked as trade flows adjust.

The infographic below shows the turmoil in the Red Sea

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Source: S&P

The post Oil Trade Adjusts To Red Sea Turmoil appeared...

https://mfame.guru/oil-trade-adjusts-to-red-sea-turmoil/

• Effective decisionmaking is crucial in maritime operations, especially in safetycritical situations.
• The Britannia Loss Prevention team, in collaboration with CONOVAH, a Danish consultancy specializing in mental wellbeing for seafarers, explores the psychology of decisionmaking in such scenarios.
• This report provides insights into decisionmaking processes and offers practical tools for managing risks and mitigating incidents.

Decisionmaking involves choosing between different options or...

https://mfame.guru/decision-making-in-safetycritical-situations/

• Effective decisionmaking is crucial in maritime operations, especially in safetycritical situations.
• The Britannia Loss Prevention team, in collaboration with CONOVAH, a Danish consultancy specializing in mental wellbeing for seafarers, explores the psychology of decisionmaking in such scenarios.
• This report provides insights into decisionmaking processes and offers practical tools for managing risks and mitigating incidents.

Decisionmaking involves choosing between different options or...

https://mfame.guru/decision-making-in-safetycritical-situations/

• A new fire safety study by global Survival Technology solutions provider Survitec has revealed that existing firefighting methods used to extinguish machinery space spray and pool fires on conventionally fuelled vessels are inadequate when dealing with methanol-based fires.
• This follows extensive comparative fire tests on dual-fuel marine engines using diesel oil (DO) and methanol, carried out amid growing interest in methanol as an alternative marine fuel.

A new fire safety study by Survitec...

https://mfame.guru/fire-safety-challenges-with-methanol-fueled-ships-revealed-in-new-study/

Regional bunker benchmarks have come down with Brent values, and prompt VLSFO availability remains tight in several Indonesian ports, reports Engine.

Changes on the day to 17.00 SGT (09.00 GMT) today:

• VLSFO prices down in Singapore ($6/mt), and Fujairah and Zhoushan ($5/mt)
• LSMGO prices down in Singapore ($9/mt), Fujairah ($8/mt) and Zhoushan ($5/mt)
• HSFO prices down in Singapore ($5/mt), and Fujairah and Zhoushan ($3/mt)

VLSFO prices in most East of Suez ports have decreased some in the past...

https://mfame.guru/east-of-suez-market-update-21-mar-2024/

• Panama Canal Authority has announced a new adjustment to accommodate the growing demand for transits.
• Two additional slots will be offered through auction for transit dates beginning March 18, and an additional slot will become available for transit dates beginning March 25.

The Panama Canal Authority (ACP) has increased daily slot availability in the Panamax Locks to meet rising transit demand (Advisory to Shipping No. A-08-2024).

Two extra spaces will be auctioned off for transit days...

https://mfame.guru/panama-canal-increases-daily-slots-at-panamax-locks/