Shipping
Western Bulk reports US$2.5m net profit in first half of 2024
(Posted on 18/08/24)For the first half of 2024, Western Bulk Chartering AS generated a net profit after tax of USD 2.5 million from a Net TC of USD 15.1 million and Net TC Margin per ship day of USD 626. The number of vessels increased to an average of 133, up from 125 in the same period last year, driven by growth within the Panamax segment.Western...
Call to address social media misinformation impact on seafarers’ mental health
(Posted on 16/08/24)Although having access to connectivity at sea is widely considered an important part of seafarer wellbeing, there are emerging signs of negative consequences. Mental Health Support Solutions (MHSS) has witnessed first-hand the detrimental effects of social media on seafarers' mental health, particularly among Indian seafarers, and...
Liberian Registry CEO announces new tool to strengthen maritime compliance
(Posted on 13/08/24)Alfonso Castillero, the Chief Executive Officer of the Liberian International Ship & Corporate Registry (LISCR), the world’s largest ship registry, has delivered opening remarks at the launch of the innovative Registry Information Sharing Compact (RISC) database. This groundbreaking initiative, created as a sovereign decision...
Oceanly challenges data ownership practices in the shipping industry
(Posted on 13/08/24)Oceanly, a leading provider of fleet performance solutions, has highlighted what it says are exploitative practices surrounding data ownership in the shipping industry. Its Managing Director, Giampiero Soncini, has issued a bold statement condemning the attempts by some maritime equipment suppliers to profiteer from shipowners by...
Shipowners call for IMO to withdraw solo night watch circular
(Posted on 13/08/24)Finland’s Groke Technologies is supporting calls made by flag states and shipowners for the International Maritime Organization to withdraw MSC/Circ.733 and other circulars, allowing for the reintroduction of trials in which a ship’s Officer of the Watch (OOW) acts as the sole watchkeeper in periods of darkness.Groke...
Wallem and COSCO enter strategic cooperation agreement
(Posted on 05/08/24)Wallem Group, a leading global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to enhance the cooperation of both organisations. Han Chao, Chairman and Party Secretary of COSCO Shipping Seafarer Management Company, and John Rowley, CEO of Wallem...
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