Tectonic Shifts in Shipping Make Safety More Vital Than Ever
As the shipping industry is increasingly embracing technology, the safety of the maritime industry has taken a backseat according to DNV GL.
The...
The First Battery Powered Cruise Starts Its Maiden Voyage To the...
According to an Economic Times report, the world's first cruise ship propelled partially by battery power is set to head out from northern Norway...
First Nuclear Power Plant of the Arctic Being Towed To Destination
According to a CNN article, a floating nuclear power plant called the Akademik Lomonosov will be towed via the Northern Sea Route to its...
Ship Runs Aground in East China Sea, 13 People Rescued
A cargo ship with 13 crew members onboard ran aground in East China Sea on Thursday and now the crew has been rescued, reports...
Remuneration of Cruise Ship Workers Revealed
Current and former cruise ship employees earn monthly between $500 and $10,000 and 40% of the worker's monthly earnings were equal to or less...
MCA Detains Ship at Leith for Non-payment of Wages
According to a BBC News report, a cargo ship has been detained in Leith port in Edinburgh for failing to pay the wages of...
A Lighthouse With Fresnel Lens Changed Shipping Forever
In the 1820s, Augustin Fresnel invented a new kind of lens and installed it in France’s Cordouan lighthouse. Suddenly, one lamp could light the...
CSSC Pays $875,000 To Klaveness for a Ship Quality Dispute
China State Shipbuilding Corporation (CSSC) settled a dispute with Norwegian owner Torvald Klaveness.
The torsional vibration damper dispute was settled with CSSC paying $875,000 to...
Oil Prices Escalate in Response To Supply Cuts
Front-month Brent crude futures rose to $66.63 a barrel and were up $1.72, or 2.7%, at $66.46 a barrel.
U.S. crude futures for...
Barcelona, the Worst European Port in Terms of Cruise Ship Pollution
According to a report, the port of Barcelona, a city already overwhelmed by mass tourism, has topped a list of 50 European ports for...
Growth of Desalination Plants a Serious Threat for Marine Life
Desalination is growing so fast that the extra salty waste water it produces is becoming a major threat, says an article published in NewScientist.com.
How...
First Woman President of Singapore Shipping Association in 34 years
In a major development, Caroline Yang, the chief executive of bunker tanker company Hong Lam Marine, has been appointed as the first-ever female president...
Hyundai Seeks Fair Trade Approval for DSME Merger
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover...
Container Market Up for Disruptions As Shipping Awaits More Cost Pressure
According to a Reuters report, the U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause...
Lack of Ambition Threatens IMO Emissions Reduction Targets
A “clear gap” in shipping’s development of low-carbon and zero-carbon fuels and technologies is threatening to derail IMO efforts to curb industry emissions, reports...
Lack of Risk Identification Causes Cargo Vessel Collision
What happened?
On the night of October 29, 2015, at 2226 local time, the cargo vessel Ocean Freedom collided with a fleet of moored empty tank...
Jim Beam Warehouse Catches Fire, Destroying 45,000 Barrels of Bourbon!
Firefighters are trying to contain a massive blaze at the Jim Beam warehouse which resulted in the burning of 45,000 barrels of bourbon.
The crew...
Price of Bunker Fuel Set To Increase Globally from January 2020!
The price of bunker fuel is all set to rise as more companies are changing towards low sulphur fuel oil mandated by IMO.
This...
Power Cut Plunges Massive Cruise Ship into Darkness!
According to an article published in Newsweek, a power outage on a cruise ship plunged parts of the vessel into darkness and left passengers...
IMO 2020: JPMorgan Foresee 15% Fall in RILs Earnings Growth
Refining and Petrochemicals sector holds a 15 per cent downside risk to Reliance Industries' (RIL) estimated FY20 earnings.
Consensus earnings estimates have been...