“One of the biggest concerns is the cost of fuel. There’s a lot of concern within our members companies and Intertanko on the methodologies that can be applied to reduce fuel costs,” Graham Westgarth, chairman of Intertanko, told Seatrade Asia Week.
“One of the things we have been working on within Intertanko is developing a speed optimisation model so people can plug in the TC rates, fuel costs, the voyage and it comes out with an optimal speed which gives you a platform to discuss with charterers, it also from an environmental perspective makes on sense,” he explained.
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Also in this issue:
Near misses prompt Singapore pilotage extension
“Several near miss incidents” due to heavier shipping traffic in Singapore's special bunkering anchorages have prompted the local port authority to make it compulsory for all vessels to engage pilotage services from 1 June 2012.
The impending new rule has triggered concerns among the shipping community with regards to the waiting time for pilots that could lead to demurrage on a vessel if operations are delayed, but assurances were given to the vessel operators that the pilotage services will be efficient.
Japan’s upgrade plan for Alang shipbreaking hits rough weather
The ambitious $22m Japan-backed plan to upgrade the Alang Ship Recycling Yard (ASRY), the world’s largest ship demolition facility, has run into rough weather, with recyclers finding the project environmentally and financially non-viable.
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