Paper charts remain an indispensable tool in many smaller ships, tugs, and fishing boats worldwide. In many such vessels, there is no space to fit the dual Electronic Chart Display and Information System (ECDIS) which the International Maritime Organization (IMO) requires in order to dispense with paper charts. Further, the cost of such installations would be crippling for many owners, as it will be challenging to try training a myriad of perhaps lesser educated crew members in the intricacies of several different ECDIS software systems.
Insights
The issue regarding blue water fishing crew being mistreated appears to receive far more attention than does the mistreatment of deep-sea ship’s crew. Neither have any place in our 21st Century.
Coastal Marine’s Managing Director, Mark Stevens, will give a one-day course on ‘Marine Hull: Understanding Vessels and Insuring Them’ for the Singapore College Of Insurance (SCI) on June 7, 2023.
More properly referred to as the "Demolition Market", scrapping of vessels has very measurable effects on the asset value of middle-aged and older tonnage. Let's have a look at what happens at the end of a ship’s service life.