Passenger and repatriation flights are essential to allow stranded seafarers to go home, and for their relief crews to be able to join ships. New guidance issued by the International Civil Aviation Organization (ICAO) to facilitate those flights marks a further step to alleviate the ongoing crew change crisis.
General Rate Increase (GRI) – a term liked by the shipping lines and loathed by the trading community.. This article explains what GRI means to people on either side of the fence and how it affects the trade..
Some 400,000 seafarers from across the globe are now stranded on ships, continuing to work but unable to be relieved, in a deepening crew change crisis which threatens trade and maritime safety.
During a high-level event on the margins of the United Nations General Assembly (24 September), Captain Hedi Marzougui, who was in command of a vessel between December 2019 and May 2020, appealed to Governments to act to allow seafarers to come home.
Ship agents and shipbrokers have been active in the industry since the beginning of commercial shipping and that coffee shop in London and have been playing an important role in the provision of services to various ship and cargo owners..
Digitalization is now changing the environment in which ship agents and also ship brokers operate, and we are seeing new and adjusted services emerging as ship agents and shipbrokers continue to strive to enhance service levels and provide added value to their principals..
This article by Mikael Lind, Research Institutes of Sweden (RISE), Jonathan C. Williams FICS, FONASBA, Sue Probert, UN/CEFACT, and Juan Carlos Croston, Manzanillo International Terminal (Panama) takes a look at how the traditional roles played by the ship agent and shipbroker might change in this digital shipping environment..
Tenders are an integral part of shipping and freight for the carrier, BCOs and OTI (freight forwarder or NVOCC)..
I headlined this article as “the art of handling a freight tender” because majority of the tenders are quite complicated and capable of pushing people over the edge due to its complexity with its tight deadlines and the nearly impossible task of compacting the costs..
People in our industry who have handled some complicated global freight tenders such as the ones floated by global companies will understand what I am talking about..
So how does the whole thing work and how does a tender influence or impact on a carrier and/or freight forwarder and their business.. Is it really an art..??
The Sri Lankan Attorney General’s office has indicated that there is sufficient evidence to prosecute the Captain of the VLCC, New Diamond, under the country’s marine pollution act as well as the penal code for criminal negligence and pollution charges..
This announcement has seemingly raised concerns in shipping circles about the number of Captains who have recently been held personally responsible for maritime disasters..
Standard Chartered announced the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain, in partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Standard Chartered Bank (Thai).