Electrical Fault Grounded a Tanker with Tonnes of Alkylate off Morrisburg
Damaged electrical components in the steering system caused a tanker loaded with tonnes of alkylate to run aground on the St. Lawrence Seaway.
What happened?
In May...
[Watch] Bolivian River Port Provides New Route To Sea
Bolivia granted an international classification to Central Aguirre, Gravetal and Jennefer, on 30 October. These three river ports are on the Paraguay-Paraná waterway that...
[Watch] How are Ships Launched into Water?
Ships are undoubtedly the heaviest vehicle that human beings use today. It takes about two years to build a big ship. The biggest challenge...
IMO 2020 – Will You Be Ready?
In 2020, change is coming to the industry with new global sulphur limits for bunker fuel as a result of the IMO’s MARPOL Annex...
$270 Million Lease for 3 Vessels Under Time Charter to Maersk
In a recent development, Ship Finance International Limited announced that it has entered into lease financing agreements totaling $270 million with an Asian-based institution to...
Toyota Hits the Water by Investing in Robo-Ships
Toyota will participate in a $10 million Series A investment in Sea Machines Robotics.
Modern technology could reduce the cost of human labor...
Ports Embracing to Face More Cascading Loops
Drewry has announced that Ports will have to deal with more cascading loops with implications including a need for more berth space.
Vessel Cascading Scenario
Speaking...
Tanker Report – Week 50
VLCC
Middle East Gulf rates shed 11 points to WS 85/86 for 270,000mt to China, with South Korea fixed at WS 84. Going west, 280,000mt...
[Answer] It’s an Active Fin Stabilizer
The answer to yesterday's question is Active-fin Stabilizers. The rolling device in picture enhances the safety and efficiency of vessels in the rough sea.
How...
MFM for Distillates Ready! Fuel Sales Set to Rise in Singapore
The Port of Singapore is set for another year of growth in bunker fuel sales in 2019 as it has laid out plans to...
ONE 2019 Plan! 249 Ships Connecting 76 Ports in Asia
The forthcoming THE Alliance products of 29 services that will cover 76 ports
The services will include Asia, Europe including Mediterranean, North and Central...
Block Chain to Check Bunker Quality and Sales from January
Blockchain Labs for Open Collaboration (BLOC) announced the scale-up of its blockchain-based maritime fuel system in January through a subsidiary.
With the...
[Watch] Intense Footage of a Vessel Taking on Storm in North...
The storm hit northern Scotland over the weekend, bringing winds of more than 80mph and causing disruption across the mainland.
The footage released, shows an...
[Watch] Heavy Winds Force Cargo Ship to run Aground Off Sile
Cargo ship runs aground off Istanbul's coastal district of Sile.
What happened?
Heavy winds forced the cargo ship to run aground off Istanbul's coastal district of...
China To The U.S. Freight Prices Doubles
Freight prices for containers going from China to the U.S. have surged over 100 percent from a year ago as of the beginning...
WFS Expands Bunker Operations in US Leading Up to 2020
The World Fuel Services (WFS) has announced the new United States based physical bunker supply operation.
Bunker Supply Operation
The bunker operations will commence in mid-January and...
The Global LNG Bunker Fuel Market: the Current State and Prospects
In the relevant papers, the authors examined the factors impacting the development of the LNG bunker fuel market, forecasted the growth of this market,...
Scorpio Charter-Out One of its Ultramax Bulker
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has entered into a time charter-out agreement with an unaffiliated third...
Freightos Baltic Container Report – Week 48
Report Highlights
Transpacific ocean freight peak season has been a bonanza, with prices still more than double last year. However, carriers cancelled the 1 December...
Baltic Index Slips from 6-week Highs
The Maritime Professional has summarized this week's Baltic Index surge in these words "The Baltic Exchange's main sea freight index, tracking rates for ships...