Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, coming in below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty SE’s (AGCS) second annual Safety and Shipping Review 2014, which analyzes reported shipping losses of over 100 gross tons.
The shipping industry should adopt a unified international standard to judge and regulate security services provided by private contractors, says leading maritime security company GoAGT.
The North American Emission Control Area (ECA) proposed by the Environmental Protection Agency (EPA) would require that all vessels travelling within 200 nautical miles of the North American coast run off an ultra-low sulphur content fuel.
Despite the economic downturn, Greek shipowners have proved once again to be the leaders of global shipping industry. It is worthy to note that they control the 16,25% of global fleet in terms of dwt, while they own the 23,5% and 18,5% of total tankers and bulkers respectively.
Due to its dependence on fossil fuel combustion and the fact that it is one of the least regulated anthropogenic emission sources, emissions from the marine transport sector contribute significantly to air pollution and climate change. The European Environment Agency last March published a report on the impact of international shipping on European air quality. The main objective of the report was to provide a comprehensive review of recent literature and reports, taking into account expert knowledge, on the maritime transport sector. The report addresses the sector’s impact on air quality and climate forcing in Europe and the executive summary of the report is presented in this article.
Moore Stephens annual OpCost report for the financial year of 2011 has been released this month. According to OpCost 2012 report the total annual operating costs in the shipping industry have been increased by an average 2.1% in 2011. This compares with the 2.2% average rise in costs recorded for the previous year. Crew costs were the main reason for the overall increase in 2011, a 3.3% overall increase in 2011 crew costs compared to the 2010 figure has been reported. Insurance fell for the second year in succession.
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Officer of the Watch 