Ship Owners Snap Up Tankers
Tanker sales have accelerated in the recent times owing to a rise in crude and product tonnage dealing. Suddenly everyone is vying for the...
The Mirage of Djibouti’s Economic Success
EXX Africa published a special report on the country’s investment outlook on 24 May 2018. At first sight, Djibouti seems to be an attractive...
Singapore Blocks Wilhelmsen’s Drew Deal
The Competition and Consumer Commission of Singapore has found in a provisional decision the proposed acquisition by Norway’s Wilhelmsen Maritime Services of US rival...
First Online LNG Cargo Sale by Petronas
Petroliam Nasional Bhd (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) achieved another significant milestone by selling its liquefied natural gas (LNG) cargo for...
The World’s Dirtiest Fuel will be Banned from Arctic
The World’s dirtiest fuel has been banned from shipping in the Arctic Ocean to sustain the marine environment.
What happened?
This move was announced by the...
Barge Sank After Collision with Vessel
On May 26, a barge capsized and sank in the Dordtse Kil after it collided with another vessel.
What happened?
The barge ‘Coxswain’ capsized and sank...
[Watch] Shipwreck with Million Dollar Gold After 300 Years Off Florida
More than $1 million worth of gold that has sat on the floor of the Atlantic for nearly 300 years has finally resurfaced, thanks...
AIS Transmission Failure Led To Bulker Collision
Summary
On 17 May 2017, Gortynia, a fully laden cape size bulk carrier, collided with bulk carrier DZ Qingdao in Singapore Strait. The collision occurred...
Greece’s First Woman 1st Engineer
Recently, a woman has reached the helm of affairs in the male dominated shipping industry. Theano Sileloglou ®, an engineer by profession and a...
Paddle Steamer Sinks in the Irish Sea
On May 25, an empty paddle steamer sunk off the Welsh coast while it was being towed to Ireland.
What happened?
The empty paddle steamer ‘MV...
The World’s Worst Oil Disaster Happened Off Tobago
The extent of damage caused to people and places as a result of crude oil spill in Gulf of Paria is currently unknown.
What happened?
On...
Containers with Luxury Cars Collapsed on Maersk Container Ship
Several containers loaded with luxury cars, mostly BMW X2, collapsed on board of the "Maersk Lima", which berthed at the APM Global Logistic Argentina...
Crews Tackle Fire Aboard Cargo Ship in Southampton
More than 60 firefighters were fighting to control a fire that started aboard a cargo ship earlier.
Hampshire Fire and Rescue Service was called to...
Cargo Ship Sank in Yellow Sea, 7 Missing
On May 22, a cargo ship sank in the yellow sea off Weihai, Shandong Province, China and seven people were reported missing.
What happened?
The cargo...
Freighter Disabled Off Italian Coast
On May 22, a freighter was disabled due to engine failure and had to be towed to the port for further repairs.
What happened?
The freighter...
Kidnapped Hostages Released from a Cargo Ship
Pirates have released hostages who were kidnapped from a cargo ship off the coast of Nigeria.
What happened?
On May 24, the pirates released eleven hostages...
Fire-Stricken Maersk Ship will be Repaired
The Maersk container ship that was ravaged by a fire which broke out onboard the vessel has been scheduled for repairs.
What happened?
The ultra large...
Spanish Ship with $17 Billion Worth of Treasure Found
A recent report brought to the forefront a lost ship which had plunged into the bottom of the Caribbean Coast, 300 years ago. The...
Star Bulk Carriers: Consolidation Wave Continues
Star Bulk Carriers is a dry bulk pure play with the largest publicly-traded fleet, with 108 vessels.
Last Friday, they announced an acquisition...
[Watch] Tanker Caught in the Cyclone, Sinks with 17 People
The tanker caught in Cyclone Mikono in waters of Gulf of Aden most probably, sometime around May 23. Reportedly, at least two dhows sank,...
