Brave Dolphin’s 1st training VR scenario: “Fire in the Engine Control Room”

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The 1st training Virtual Reality scenario of the Brave Dolphin project is now a fact! The scenario is developed by SQLearn S.A. in the framework of the EU project: “Brave Dolphin” and refers to the risks that a seafarer confronts, as well as the actions that one shall take, in case of a “Fire in [...]

ClassNK will make electronic certificates and reports as standard from January 2022

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Leading Classification Society ClassNK will make electronic certificates and reports issued for ships as standard service from 30 January 2022. For the convenience of clients, ClassNK has been providing an environment in which documents can be used in electronic data upon request since the early 2000s for survey records and since 2017 for class certificate [...]

John Marinos joins the Committee of MM Risk Prevention Platform

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The MM Risk Prevention Platform was set up in 18th October 2019, on the initiative of Marasco Marine’s founder and President, Mr. Anastasios Maraslis. This unique, special purpose and interest committee, which consists the Marasco Marine Ltd advisor’s board, has now grown its team further. On the 19th November 2021, Mr John Marinos, a highly experienced, qualified and well recognized [...]

“How to better control and manage risks by division and a three step analysis” By Alexandros Petrakakos*

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When we talk or hear about the Shipping industry everyone knows that it is the is the first world industry that correlates nations and continents. “No Shipping – No Shopping” as it goes. According to I.M.O., “shipping is vital to the nations’ security, economy and transportation”. It is well understood that shipping has enhanced economic [...]

Bold Aframax fleet repositioning pays off for Signal Maritime

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Tanker pool manager Signal Maritime has achieved a significant increase in its Aframax Time Charter Equivalent (TCE) earnings thanks to a decision to increase the share of the fleet which has been trading west of Suez up to 70%. Repositioning the ships from East to West from August to October has enabled Signal Maritime Aframax [...]

BMA sings an agreement for representation in South Korea

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The Bahamas Maritime Authority (BMA) has signed an agreement with Ben Line Agencies to establish representation in South Korea, one of the world’s leading shipbuilding and ship-owning nations. This agreement is aimed at extending The BMA’s presence in South Korea beyond its authorised Inspectorate and Recognised Class Societies so as to enhance its quality service [...]

Inmarsat’s sixth generation satellite fleet completes first launch

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Inmarsat, the world leader in global, mobile satellite communications confirmed the successful launch of its first Inmarsat-6 satellite, I-6 F1, by Mitsubishi Heavy Industries (MHI) from the JAXA Tanegashima Space Center in Japan. The Inmarsat-6s (I-6) are Inmarsat’s first ever hybrid L- and Ka-band satellites, incorporating increased capacity and new technological advances for ELERA’s transformational L-band [...]

Weekly Shipping Market Update / Week 51, 20th – 26th December 2021 By George Lazaridis, Head of Research & Valuations of Allied Shipbroking

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It has been a year of recovery for shipping markets, while the remarkable come back has led to a series of records being set in terms of both earnings and investments. Nowhere has this been more evident than in the secondhand market, where we witnessed new record levels of activity taking place. Remarkable enough it [...]

Intermodal Weekly Market Report / Week 51 Market insight by Tamara Apostolou, Research Director of Intermodal

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At the beginning of 2021, leading macro indicators were clear about an imminent surge in commodity prices, which ended up exceeding expectations and firing inflation to multi year highs, with the dry bulk market benefitting tremendously. A series of other factors related to increased congestion and fleet inefficiencies between basins provided additional support lifting freight [...]

Weekly S&P Report / Week 51 27th December 2021 By Xclusiv Shipbrokers

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As 2021 draws to a close, we have reviewed the Baltic indices (dry/wet) and the second-hand vessel prices. Undoubtedly 2021 proved to be robust for drybulk which reached its highest levels of the past 13 years, back in October 2021. All dry indices began the year at low levels, with the BPI, BSI & BHSI [...]

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