Author Archives: Smart Sea

TIME TO FOCUS ON THE HUMAN ELEMENT IN DECARBONIZATION The industry must cultivate a culture where environmental protection becomes as integral to operations as safety awareness. The maritime industry is at a pivotal moment in its decarbonization journey. Over the past decade, the sector has transitioned from focusing solely on air pollutants like sulfur oxides […]

ONE OF THE WORLD’S LARGEST SHIPPING COMPANIES WINS PRESTIGIOUS WORLD LNG SHIPPING AWARD 2024 Mitsui O.S.K Lines (MOL), a global leader in LNG transplantation was awarded the prestigious World LNG Shipping Award 2024 at the World LNG Summit held in Berlin from December 9 to 12, 2024. Image Credits: MOL/Facebook The award honours companies that […]

LATE ARRIVING CONTAINERSHIP DELAYS REACH HIGHEST LEVELS SINCE PANDEMIC The average delay for containerships behind schedule has continued to increase in 2024 rising to the highest levels except during the peak of the pandemic and surge in container volumes. Sea-Intelligence is out with its monthly look at the average performance of the container shipping carriers […]

HMM BOASTS 41% Q3 MARGIN, WARNS OF WEAK Q4 OUTLOOK Third quarter profit leaps over 1,700% in 2024 as line looks ahead to February alliance reshuffle. Image: HMM HMM reported revenues of KRW3,552bn ($2.54bn) for the third quarter 2024, up 67% on the year-ago period and 33% above its second quarter 2024 result. The revenue boost […]

FIRST SIRE 2.0 INSPECTIONS POINT TO SIGNIFICANT CHALLENGES FOR TANKER CREWS Findings from initial SIRE 2.0 inspections following the introduction of the updated vetting procedure in September suggest tanker operators are struggling to meet the additional requirements. According to data from 26 vessel inspections, WiseStella, the Singapore-headquartered maritime learning and training provider, found a significant […]

CONTAINER VESSEL CHARTER MARKET This week, growth in demand has been observed across all size segments in the container vessel charter market, while supply remains broadly constrained. Demand for feeder vessels remains robust, with shipowners adjusting their expectations for ~1,700 TEU vessels accordingly. Two-year charter contracts for environmentally friendly Bangkokmax-type vessels are no longer uncommon. […]

VIETNAM’S SHIPPING FLEET RANKS 22ND GLOBALLY Over the past 30 years, Vietnam’s maritime industry has made remarkable strides, with its fleet now ranked 3rd in ASEAN and 22nd globally. The Vietnam Shipowners’ Association (VSA) has played a vital role in policy advisory, international networking, and fostering a competitive environment. Currently, Vietnam’s fleet consists of approximately […]

OPENING THE WAY FOR LARGE VESSELS AT CÁI MÉP PORT After the Cái Mép – Thị Vải maritime channel was upgraded, the region’s cargo throughput gradually increased. However, challenges have also grown as large vessels frequently navigate the ports. Upgrading the maritime channel infrastructure has enabled Cái Mép Port to accommodate more large vessels, significantly […]

THE MOST MODERN SUPPLY SHIP IN NORTHERN VIET NAM The Bach Long Vi ship is part of a project to construct two new vessels for supply and inspection operations at the Spratly Islands and other remote offshore areas. Delivered in October 2024, the ship undertakes critical missions, including supplying food and fuel, inspecting lighthouses, protecting […]

MANY PORT SERVICES TO BE SUBJECT TO PRICE DECLARATION Under the new regulations, port services are defined as services provided by service enterprises, maritime transport businesses, or representatives of maritime transport businesses. These services involve charging customers fees for facilitating the transportation of goods and passengers through seaports. Services such as maritime pilotage, ship towing, […]