MAREX brings us Choke Points effecting the world’s oil supply.
They write:
In 2007, total world oil production amounted to approximately 85 million barrels per day (bbl/d), and around one-half, or over 43 million bbl/d of oil was moved by tankers on fixed maritime routes. The international energy market is dependent upon reliable transport. The blockage of a chokepoint, even temporarily, can lead to substantial increases in total energy costs. In addition, chokepoints leave oil tankers vulnerable to theft from pirates, terrorist attacks, and political unrest in the form of wars or hostilities and shipping accidents which can lead to disastrous oil spills.
In case that’s not enough to sustain high oil prices Fred Fry points us to this ABC nightline story on the world mariner shortage, a problem we at gCaptain can testify as real and already creating problems. They write:
The Warsash Maritime Academy trains 200 pilots and skippers a year to man an ever-expanding global fleet of super tankers.
They’ll take the helm of some of the 6,000 new oil tankers and container ships will hit the water in the next five years. Why so many? Because of our continued reliance on oil, China’s manufacturing boom and because, well, no one has come up with a better idea.
“It takes a long, long time to train somebody to be in charge of it,” said Sadler. Shipping is booming, ships are getting bigger and harder to handle, and there aren’t enough men and women to take charge of the ships.
“There is now a gap in qualified personnel,” Sadler said.
By Yimou Lee TAIPEI, March 7 (Reuters) – China has stepped up grey-zone warfare against Taiwan, aiming to make the areas around the democratic island “saturated” with balloons, drones and civilian boats,...
Austal USA has kicked off plans to construct a new manufacturing facility, marking a significant expansion of its shipyard capacity in Mobile, Alabama in support of U.S. Navy and Coast...
Oldendorff and Norsepower have announced an agreement to install three Norsepower Rotor Sails™ on board a modern bulk carrier to reduce its emissions. The vessel, Dietrich Oldendorff, will be equipped...
February 5, 2024
Total Views: 838
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.