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, […]

CHITTAGONG PORT SEES 13% FALL IN EXPORT CONTAINER HANDLING Port of Chittagong Handling of outbound containers at Chittagong port fell by 13% in October, compared to September, in a month that both the transport drivers and garment workers enforced repeated strikes. Data shows that in October, the prime seaport of Bangladesh handled 66,932 TEU of […]