Cargo Ship Misdeclares Departure Date from China, Seized!

PCG has filed charges on a cargo vessel for date misdeclaration. It misdeclared the dates to evade the quarantine period imposed by PCG...

How Coronavirus Affects Your Body?

COVID-19 epidemic has killed more than 1,800 people, surpassing the SARS death toll. Chinese authorities perform a chest scan that reveals COVID-19’s distinctive...

US Confirms First Coronavirus Death in Washington State

The United States reported the first death due to coronavirus. The man in his 50s died in Washington state and had never traveled...

Tanker Sales Remain Unaffected By Coronavirus Outbreak

The Covid-19 coronavirus outbreak did not hinder tanker sales. Investors are taking a longer term view of the industry with investments taking place...

China-US Tariff Talks To Affect Shipping!

As the talk of a trade truce is rising between U.S. President Donald Trump and China President Xi Jinping's meet at the G20 summit...

Cargo Ship Collides Off Japan Coast! 13 Missing!

Cargo ship crew went missing after it collided with a fishing boat in waters off northern Japan. Tomoyuki Hanzawa, the 1,989-tonne Belize-flagged cargo...

COVID19: Gatherings Banned and Travel Suspended Worldwide

Europe, the Middle East and the Americas roll out bans on big gatherings and travel restrictions as cases of the new coronavirus spread...

IMO Urges Implementation of Coronavirus Precautions

Sentiments have been expressed by the IMO which has sent a Circular Letter advising Member States and others on implementation and enforcement of...

Individual Tools Better Than End To End Solution for Maritime Digitization

Interconnectivity is the the key to maritime digitalization says Lars Jensen, CEO & Partner, SeaIntelligence Consulting. A simple look at the technological development...

Maersk Underlines Key Financial Risk Areas As Coronavirus Hits Container Liners

As the coronavirus crisis continues, and begins to impact global share prices, Maersk’s guidance for a mid-point lower ebitda of $200m less than 2019...

Maersk $5.0bn Credit Facility To Help in Sustainable Vessel Solutions!

In a major development, A.P. Moller - Maersk has announced that they have secured a new sustainability-linked revolving credit facility of $5.0bn through a...

25% More HSFO Consumption Banking on Scrubbers: Maersk

Maersk making greater scrubber investments and plans to raise HSFO consumption Currently, it uses 10% HSFO which is likely to increase 150 times...

Over 80% Plunge in Tanker Rates Due To Coronaviru Scare!

  According to a MarineLink report, senior shipping industry officials are concerned over the tanker charter rate slow down. What is it? Tanker charter rates have plunged...

Spring’s Rising Temperature To Slow Down the Coronavirus?

With spring coming and temperature rising there is a possibility of the coronavirus receding like that of the flu virus. Scientists however are...

FSL Trust Crude Oil Tanker Sold for US $24 Million?

 First Ship Lease Trust sells crude oil tanker FSL Shanghai, receiving the initial 10% deposit in escrow. The disposal is scheduled to take...

[Watch] How Ship Salvage Operations are Made

Watch an impressive video of the salvage operation. Disclaimer: This video is intended for informational purpose only. This may not be construed as a...

Shipping Giant Focuses on Ammonia As Marine Fuel

NYK presented a concept for using Ammonia as Marine Fuel at two industry events. Ammonia when heated, does not emit carbon dioxide (CO2)...

[Watch] Crew Member Rescued After Falling 100 Feet into Cargo Hold

A crew member fell 100 feet into the hold of the ship on the Calumet River. He was rescued from the hold by...

Boxship Scrubber Retrofits at Record High Despite Delays!

Container ships out of the market waiting for scrubber retrofits reaches record high. Offline capacity reached 1.02 million twenty foot equivalent units by...

Increased PPI Gains, No Good News Is Bad News for Carriers

DHL Supply Chain Pricing Power Index is determined by FreightWaves SONAR. It is used to analyze the market and estimate the negotiating power...