Green Shipping Fuels Myths The global liquefied natural gas (LNG) tanker fleet inclusive of floating storage units crossed the figure of 772 this year. Although LNG carriers have been capable of utilising boil-of-gas as a fuel for steam turbines for over fifty years it was not till the year 2000 that a non-LNG carrier vessel
Dispute Resolution Defining Maritime Arbitration A maritime arbitration is any arbitration which has a certain relation with a ship.Such a relation involves the carriage of goods or passengers by sea, sale of second hand ships or construction or the chartering of floating crafts as diverse as a superyacht or offshore support vessel. Diversity and a
Embracing Green Shipping Conventional Shipping Sustainability from Carbon Emissions Perspective Sustainability is an integral component of the Maritime sector. Statistically the shipping industry contributes 3% of global CO2 emissions which is meagre when compared to road transportation at 17% where the transition towards a cleaner and green mode of road transportation has been relatively smooth
Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of
