Lay days and lay time are both commercial shipping terms that are often confused as referring to the same meaning. Though both deals with the same aspect – time for loading and discharging of the cargo, there is a major difference between the two terms.
Learn about classification of stowaways found on ships, along with IMO guidelines, insurance cover and measures to be taken on board ships.
The HNS Convention is an acronym for the IMO’s International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea.
Shipping mergers are leaving an increasing number of countries serviced by too few suppliers to ensure a competitive market, the U.N. trade and economic thinktank UNCTAD said on Wednesday.