This investigation report refers to a lifeboat incident on board the Hong Kong flag bulk carrier Ma Cho that took place at Devonport, Tasmania 9 December 2002.
A Porthole of an Exit Window for Shipping Investments?
April 22, 2014 by Leave a Comment
Momentum and, to a certain extent, freight rates and shipping asset prices have improved meaningfully since last year; while this time last year most vessels – including large vessels such as capesize bulkers and supertankers – were earning barely cash break-even freight, there have been a few windows of opportunity here and there since then.
Serious Injury of Scaffolder Onboard Offshore Platform – Investigation Report
April 21, 2014 by Leave a Comment
During the dismantling of scaffolding on Oseberg B 7 May 2009, a scaffolder was seriously injured as he fell 14 meters from the scaffolding and down on to the cellar deck. He was evacuated by rescue helicopter to Haukeland hospital in Bergen, and later died at the hospital.
Monthly Piracy Report for March 2014
April 18, 2014 by Leave a Comment
Incidents off the West African coast are currently slightly higher than in Southeast Asia, a position last held by West Africa in 2008, the year in which a total of 39 crew members were kidnapped for ransom off various vessels mostly in the oil industry in Nigeria. Up until the date this report is being published the areas of maritime piracy related incidents worldwide are as follows:
- East Africa: 2
- Malacca Strait: 7
- South China Sea: 1
- West Africa: 4
- Indian Ocean: 2
- Persian Gulf: 1
Data in Real Time Key To Savings
April 18, 2014 by Leave a Comment
The future of shipping lies in having the technological expertise to measure vessel performance in order to achieve optimal fuel efficiencies and support regulatory demands. Given the increasing fuel costs and environmental pressures on compliance, freight rates are now very close to operating costs, leading to razor-thin margins, and, in many cases, operating losses. It is not surprising that given the confluence of business conditions in the maritime industry, companies are finding themselves in troubled waters and many facing extinction unless vessel management is accompanied by a more intelligent approach to achieving operational efficiencies.
LNG Terminal Logistics (Part 1)
April 17, 2014 by Leave a Comment
Today, we’ll have a look at why LNG terminal logistics is important, and why it is going to be even more important in the future. In Part 2 of this article, we’ll look at some very basic mathematics explaining the logistics of a multi-user terminal. In Part 3, we’ll take a look at slot management and how this puzzle can cause headaches.
Officer of the Watch 