TANKER SHIPPING COMPANIES “THRIVE” By the end of Q3 2024, many tanker shipping companies reported positive business results. Pacific Petroleum Transportation Joint Stock Company (PVTrans Pacific) recorded a 36% decline in revenue year-on-year, reaching over VND 359 billion, but after-tax profit rose by 23.2% to VND 68.9 billion. For the first nine months of 2024, […]
Author Archives: Smart Sea
22
Nov
Nov
CONTAINER LINES GET SURPRISE BOOST IN SPOT RATE BLIP Spot freight rates on the Asia to Europe trades showed a minor increase as European shippers enter into contract negotiations with the carriers. As spot rates move upwards analysts are encouraging shippers not to be “spooked” by November general rate increases (GRIs). Drewry Shipping Consultant’s […]
22
Nov
Nov
EVENT: SKILLS FOR SELF-STUDY AND ONLINE RESEARCH Do you want to study on your own but: ❌ Don’t know where to start? ❌ Feel overwhelmed by too much material and unsure how to filter it? ❌ Keep procrastinating and can’t stay focused? Join the event “Skills for Self-Study & Online Research” and learn how to: […]
22
Nov
Nov
BALLAST WATER RECORD-KEEPING AND REPORTING REQUIREMENTS – UPCOMING CHANGES Starting in 2025, two IMO resolutions come into effect specifying a new format for the ballast water record book (BWRB) and mandating approval of electronic BWRBs when replacing hard copy versions on board vessels. More about these new requirements for ballast water record-keeping and reporting in […]
19
Nov
Nov
BINH DINH PROPOSES PLANNING PHU MY PORT TO ACCOMMODATE SHIPS UP TO 150,000 TONS The People’s Committee of Binh Dinh Province has proposed that the Ministry of Transport (MOT) adjust the planning for the Phu My port area. According to the plan approved by the Prime Minister, Binh Dinh Port is classified as a Type […]
17
Nov
Nov
EVENT: MASTERING SUCCESSFUL INTERVIEW SKILLS Have you ever felt nervous in front of an interviewer? 😅 Don’t worry! Join this event to unlock incredible tips and tricks: • Impress recruiters from the very first moment. • Confidently tackle every question. • Master the “art of reading”: Understand recruiters’ expectations and learn to highlight your strengths. […]
13
Nov
Nov
ADNOC L&S SIGNS $4.4 BILLION DEAL TO BUILD 23 SUPERTANKERS FOR AMMONIA, ETHANE, & LNG ADNOC Logistics & Services (L&S) has signed contracts worth $4.4 billion to build 23 new supertankers capable of transporting low-carbon fuels like ethane, ammonia, and liquefied natural gas (LNG). According to the UAE’s state news agency, the deal will strengthen […]
11
Nov
Nov
Should Bunker Firms be Wary Over Use of WhatsApp in Deals? The bunker industry is starting to divide in its attitudes over the use of the WhatsApp messaging service to conclude its deals. WhatsApp has been available since 2009, providing a free, cross-platform messaging service to anyone with a valid phone number and access to […]
07
Nov
Nov
WHY A TRUMP WIN COULD BE GOOD NEWS FOR ASIA AND SHIPPING Chat about geopolitics and trade podcast presenter Punit Oza explores why a second term as President for Donald Trump is bad news for the UK and Europe but good news for Asia and shipping. “A real businessman or entrepreneur has no enemies. Once […]
07
Nov
Nov
ASYAPORT BECOMES FIRST TURKISH PORT TO OFFER SHORE POWER TO BOXSHIPS Asyaport is the first port in Türkiye to offer shore power to container vessels, which is an important milestone for decarbonizing maritime logistics in the country. Türkiye’s largest container terminal Asyaport is advancing its commitment to decarbonizing supply chains with its latest installation of […]
