Maritime World

The maritime industry in Singapore has always been doing business the traditional way. Marine Online’s efforts in leading the digital transition has scored another convert. A Singapore local harbour craft experienced the advantages of digital transaction with both competitive pricing and uncompromised service. Needing both inspection and supplies, Marine Online …

Exorbitant coal prices from past power shortages not expected to ease without enforcement measures China’s coal imports reportedly surged 43 per cent in April, catalysed by panic buying over concerns of supply disruption in the wake of Russia-Ukraine conflict. As a result, traders turn to cheap domestic supply. High demand …

The lockdowns have devastated shipyards, and increased activity were observed outside of the country The current situation in China resulted in shipowners preferring secondhand vessels. Allied Shipbroking in their latest findings revealed Shanghai’s lockdown resulted in vessel maintenance works flowing outside of the republic. More activity outside of China It …

The European Commission’s (EC) faced objections for its latest proposed sanctions, albeit with valid reasons EC’s latest set of sanctions about writing off Russian oil and refined products has heightened anxiety. Hungary and Slovakia were granted a year’s extension to make the weaning less painful, the Politico reported. However, is …

While one country is obsessed with conflict, others are worried about economic problems The latest set of punishment dished to Russia was the European Union’s (EU) proposal to wean itself off Russian oil and refined products by year end. Looking at the severity of global trade mayhem, have the sanctions …

Battling heatwave and in desperate need for power, the Rupee-rouble payment may go live The country is staring at another power crunch as it bakes by the minute. This time, India’s power ministry has set a delivery target of 19 million tonnes of coal imports by end of June 2022 …

While the republic scored well in acquiring newbuilding orders, it has a manpower crunch to deal with Korea announced it is welcoming foreigners to the shipyards to fill the labour shortfall. The country has been in an intense shipbuilding race with formidable China. If Korea fails in its mission to …

The EU declared a full ban on Russian oil and refined products to be in force by end of 2022 It was preparing sanctions on Russian oil sales over its invasion of Ukraine after a major shift by Germany, Russia’s biggest energy customer. That could deprive Moscow of a large revenue stream …

Despite being an old invention, lighthouses are still essential in ensuring maritime safety The bright light at the top warns seafarers of dangerous areas. While there were several jokes about vessels mistaking lighthouses for stubborn ships refusing to change course (to avoid collisions), they are essential towers to alert vessels …

Shipbuilding competition between China and Korea will only get more intense Competition among both China and Korea is supremely tough for newbuildings. While China is actively taking orders, it has the capacity to undertake the projects – unlike its rival who is frantically gathering manpower to address the load, including …