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Editorial: Nothing is Certain

Chennai, 3 August 2022: “The carriers have enjoyed staggering rates rises, driven by factors such as strong demand, a lack of equipment, congestion and COVID uncertainty, for 17 of the last 19 months,” comments Xeneta CEO Patrik Berglund.  “July has seen yet more upticks across the board, but the signs …

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Editorial: Global Port Labor Issues

Chennai, 27 July 2022: Labor issues at cargo ports could prolong shipping bottlenecks and temporarily reduce volumes, Fitch Ratings says. Global ports are sensitive to labor-related disruptions as they are still clearing residual pandemic-related backlogs with shippers entering their peak season. However, stable, contractually guaranteed revenues and robust liquidity will …

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Editorial: Apples-to-Apples Comparison

Chennai, 20 July 2022: Conventional LNG is not the end game when it comes to solving the shipping’s decarbonisation conundrum. Quite the opposite – it is simply the starting point to unravel the riddle of achieving a zero emissions future for shipping. The LNG critics, often guided by academics, leaning …

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Editorial: Still Not Smooth Sailing

Chennai, 13 July 2022: With the vision of progressing towards “Digital India”, GST digitised the way one conducts business and reports the same to the government. From the generation of invoices to return compliances and refund claims, each step of the business reporting has been digitised, ushering in the emergence …

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Editorial: Shipping to Miss the Boat

Chennai, 6 July 2022: Factors such as global gross domestic product (GDP), as well as trade and manufacturing sector activity have been the key drivers shaping energy demand in the international shipping sector to date. As the adoption of energy efficiency (EE) measures in international shipping increases, the nexus of …

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Editorial: Shipping at a Crossroads

Chennai, 29 June 2022: The Marine Money conference in New York brought together a large gathering of the ship finance community- with the overall theme of “Shipping at a crossroads”. The Day 2 session saw keynote speaker Andreas Sohmen-Pao, Executive Chairman of BW Group, discuss “Adapting and investing in a …

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Editorial: A Game Changer

Chennai, 22 June 2022: Just in Time’, it is not exactly a new idea – when the cost of fuel soared into the stratosphere in the 1970s, what is now termed “just in time” arrival was hailed as a game changer, saving a king’s ransom in fuel burned as ships …

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Editorial: New Fuels, Ships, Ways Needed

Chennai, 15 June 2022: It is time for shipping to focus less on the “environmental” component of ESG (environmental, social, and governance) and looks more at the near-term social impact as the shipping industry has been putting far too much emphasis on the E part of the ESG equation. Putting …

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Editorial: Managing the Fleet

Chennai: There is no doubt that the introduction of digital technology during the past decade or so has opened vast new opportunities for enhancing efficiencies throughout the maritime sector. Nowhere is this development more apparent, and more necessary than in ship to shore communications. Being instantly connected via high-speed internet …

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Editorial: Elevated Outlay

Chennai, 25 May 2022: Prime Minister Narendra Modi on May 26 will lay the foundation stone for the 20.6 km elevated Chennai Port-Maduravoyal expressway project and this is going to be the second time a PM will be laying a foundation stone for the same project, which has been revived …

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Editorial: Autonomous Docking

Chennai, 18 May 2022: The maritime sector is moving rapidly towards autonomous shipping due to the safety, efficiency, and environmental gains that autonomy delivers.  An Australian marine technology company, MAID (Marine Autonomous Intelligent Docking), has developed and patented intellectual property (“MAID IP”) on systems and methods that enable fully autonomous …

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Editorial: Escalating Power Demand

Chennai, 11 May 2022: India’s power ministry has asked states to place orders for importing coal so that the fuel could reach power plants from this month, as increasing coal shortage has led to an electricity crisis in various parts of the country. Despite soaring summer demand and lack of …

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Editorial: Happiness Plunges to a New Low

Port Wings, 4 May 2022: While the crew change crisis has fallen out of public view as the COVID-19 pandemic stabilized and recede, many of the same issues continue to weigh heavily on seafarers. The latest Seafarer Happiness Index revealed that job satisfaction and overall happiness among seafarers have declined …

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Port Wings Editorial: Geopolitical Tensions

Chennai, 27 April 2022: Tanker markets are being broadly impacted by uncertainties related to geopolitical developments. Aframax and Suezmax freight rates, the main vessels used to transport Black Sea flows, have been particularly affected, OPEC said in its latest monthly report. In monthly terms,  Aframax spot freight rates around the …

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Editorial: The Big Unwind

Chennai, 13 April 2022: Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing container-ship capacity and causing ocean spot rates to sink? Is this the beginning of “the big unwind”? Or does waning West Coast port congestion stem from temporarily lower exports out of China due …

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