Cargo Prices Increase Four Folds in Shipping Industry

A variation on that buy-low, sell-high strategy is exactly what some container shipowners are opting to do. They are capitalizing on a hot...

Inland Container To Run On Hydrogen By Year-End

An inland container vessel will be running exclusively on hydrogen power by the end of this year, says an article published in Future Proof...

Biden and CDC Want the US People To Wear Masks

President Joe Biden has criticised the lifting of mask requirements in the states of Texas and Mississippi, calling it "Neanderthal thinking". Masks, social...

California Increases Penalties for Oil Spill-related Offenses

In September 2020, the state legislature in California enacted a statutory amendment to its marine oil pollution law (AB 3214), which greatly enhanced the...

Maersk Tankers Makes Million Dollar Investment To Cut Emissions

Leading shipping group Maersk Tankers is investing tens of millions of dollars in digital technology to speed up cuts in carbon emissions across the...

UK Stays At Top in Crew Welfare With New Guidance

The UK continues to lead the way in seafarer welfare during the pandemic, with new, detailed information issued to ship owners and managers to...

Charterers Condemned As ‘No Crew-change Clause’ Mount Seafarer Crisis

Charterers of vessels have found increasingly sophisticated ways to avoid crew changes and compound misery for hundreds of thousands of seafarers stuck at sea...

World’s First Deep Sea WiFi Trialled 

Deep-sea WiFi boxes trialed The 10kg suitcase contains a WiFi modem device for internet connectivity at sea Seafarer organizations hail the new initiative.  ...

Global Shipping Lines Recruiting 25000 Seafarers

Global shipping lines are looking to hire seafarers from India.  Companies from as many as 50 countries participating in the Maritime India Summit...

 31 Rescued from Sinking Ship in Overnight Aircrafts Operation

An offshore ship lost power and started sinking.  A fire broke out on board the ship  late at night and it started taking...

Globus Maritime Inks New Supramax Charter

Globus Maritime has secured a new charter for 2009-built supramax bulker Sky Globe, says a press release published on their website. Charter information The charter...

DNV Backs Hapag-Lloyd’s Green Loan

DNV supported Hapag-Lloyd’s green financing for six of its highly efficient containership newbuildings, says an article published on their website. Transactions fulfil the requirements  DNV has...

Pfizer Vaccine Effective From Day 11 Post 1st Dose, Study Finds

New Australian research suggests that the second ‘booster’ dose of the Pfizer-BioNTech vaccine may not increase vaccine efficacy against SARS-CoV-2. The results suggest...

Castor Maritime Inks Charter Deal for Its New Kamsarmax

Nasdaq-listed Greek shipowner Castor Maritime takes delivery of its first kamsarmax and the vessel will immediately go out on charter, says a press release...

Star Bulk Announces Its kamsarmax Duo Acquisition Deal

  Star Bulk acquires kamsarmax resale pair and brings its fleet to 128 vessels, says a press release published on their website. Acquisition of vessels Greek dry...

World’s 11th Largest Liner Acquires Boxship from Delphis

Wan Hai Lines announces acquisition of the 2010-built 4,178 teu boxship Toucan Hunter from Belgian owner Delphis, says an article published in Splash 247. Sale...

[Watch] Coast Guard Medevac Woman from Containership

 An aircrew aboard successfully hoisted a 65-year-old woman from a large container ship in the Straits who was experiencing a medical emergency. She was...

Box Carriers Seek Better Visibility Through Enforceable Contracts

The pandemic has shown up the weakness of current container freight contracts that offer no compensation for rollovers or no shows. Carriers are now...

Global Container Shortage Has Led To A Surge In Container Shipping...

With long-term rates on the rise, bonds, technology/growth stocks, and even precious metals have been under pressure. Last week saw a relatively significant increase...

Strange Q1 For Dry Bulk Shipping As Smaller Bulkers Earned More...

It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships — Capesizes with capacities of around 180,000 deadweight tons...