Industry News

19Nov 2019

Fuel oil tanks should be cleaned on regular basis to remove build-up of sediments and sludge, usually during dry docking or whenever inspections of the fuel tanks are due. Most shipowners will want to change over onto compliant fuel well before the 1 January 2020. They will want to make sure all the tanks are clean, systems are flushed and there is little risk of contaminating subsequently bunkered fuel by residues remaining in the system.

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13Nov 2019

A shipowner can face losses arising from many different types of casualty, and to offer the best levels of protection marine insurance has developed into two distinct categories of insurance cover: protection and indemnity (P&I) insurance and hull and machinery (H&M) insurance.

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07Nov 2019

According to the World Economic Forum Report 2018, cyber-attacks are the first non-natural threat in terms of likelihood to occur, globally. It is not criminal acts, it is not terrorism, but it is the cyber-attacks. And this is only going to get worse because of our rising cyber dependency. 

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30Oct 2019

For close to five decades, the frequency of oil spills from tankers has shown a progressive downward trend. The average number of spills of 7 tonnes or more is now about six per year, from a high of 79 in the 1970s. The yearly average for large spills, i.e. greater than 700 tonnes, has also reduced from around 25 in the 1970s to less than two since 2010.

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