For shipowners and investors, acquiring the right vessel is a high-stakes investment requiring precise evaluation and accurate market insights. A recent case involving a Singapore-based shipowner seeking a geared Handymax bulk carrier underscores the challenges of relying solely on in-house inspection teams. The process revealed critical issues, emphasizing the importance…
In the ever-evolving landscape of the maritime industry, Sinotech Marine recognizes the unprecedented challenges brought on by the post-COVID business environment, characterized by fluctuating shipping demand and freight rates. In these demanding times, the pursuit of optimal operational efficiency and an unwavering commitment to uptime have become imperatives. At Sinotech…
Comprehensive ship inspection services play a vital role in ensuring the safety, reliability, and operational efficiency of bulk carriers during the process of vessel sales and purchases. By meticulously examining critical aspects such as hatch cover sealing condition, end stoppers’ integrity, damages to lower hoppers and tank tops, condition of…
In the current pandemic scenario, any mechanism which reduces the requirement for prospective buyers or investors to fly around the globe and attend inspections can only be of benefit. Further, it has also become far more difficult and expensive to freely move around between countries due to extra protocols enforced.…
A dry dock of a ship is a hazardous place to work at. Despite implementing measures for ensuring the safety of seafarers and workers at the dry dock, accidents can still occur frequently. Be it human error, lack of knowledge, experience, or insufficient safety equipment, in the end, the seafarers…
The last few years saw an increase in people in the maritime industry who wish to purchase shipping assets such as ships. There have been sustained improvements in the freight markets, with people looking forward to taking their trade to the next level with proficient ships. Thereby, to meet the…
Vessel Assurance Surveys For Insurance and P&I purposes, it becomes essential to assess a ship. Insurance surveys are helpful in identifying any issues which could lead to a claim. The insurance companies and the claimant mostly hire independent surveyors to get an unbiased assessment of the ship. Insurance surveys are…
A great deal of attention goes into the designing and building of ships with inspections. Shipyards are aware that even if there is a slight error/mistake, it can cost them heavy penalties and delays. This is why, when the construction of a ship is finished, the ship owners make sure…
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