Confusion on the use of manoeuvring fuel in the Panama Canal
02 May 2017The use of maneuvering fuel when passing Panama Canal waters has been stated by the Panama Canal Authorities after a change in their notifications.
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The use of maneuvering fuel when passing Panama Canal waters has been stated by the Panama Canal Authorities after a change in their notifications.
The Panama Canal Authority (ACP) issues "deck cooling during transit" requirement effectively immediately for all crude tankers, product carriers and chemical tankers carrying cargoes with flashpoints of less then 18 degrees C.
HEAVYLIFTVOY is a voyage charter party for the mid-sized heavy lift sector carrying specialist cargo. It is a comprehensive contract providing for free-in or liner in-hook terms for loading and free-out or liner out-hook terms for discharging. HEAVYLIFTVOY operates under the conventional cargo liability regime of the Hague-Visby Rules and is designed for the carriage of multiple shipments both above and below deck. A standard bill of lading, HEAVYLIFTVOYBILL, is intended to be used with it. The latest edition of this contract is HEAVYLIFTVOY, issued in 2009. Copyright in HEAVYLIFTVOY is held by BIMCO.
The ending of the monsoon has focused increased attention on the piracy issue and thus also the costs of piracy.
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry.
The labour conflict that caused a widespread and highly disruptive strike and subsequent congestion in most US West Coast ports, especially for the container shipping industry ended toward the end of February.
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat differently.
The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, shipowners across the board seem to have a lot on their plates.
US President Obama has issued an Executive Order with the heading “Blocking Property of Certain Persons Contributing to the Conflict in Somalia”, which could have an impact on the possibility for paying ransom under some circumstances. The situation is not clear and perhaps some ship owners will consider how to address this situation before transiting the Gulf of Aden and the Somali Basin. On that background, we hereby include an updated version of our calculations regarding the cost part of the decision to go round the Cape of the Good Hope.