Maritime Credit Insight

Shipping bonds issuance momentum continues - October 2017 by Drewry A growing number of shipping companies have taken advantage of the low interest rate environment and...

VLGC Market Dipped in Average Third Quarter Earnings

The Executive Committee of EXMAR NV reports its third quarter results 2017. Highlights of recent developments are: Sale of BELGIBO (insurance brokerage) to Jardine Lloyd...

Reduced Margins of Operational Safety Grounded an Ultra-large Container Vessel

Summary In the early hours of the morning on 22 August 2016, the 399m long ultra-large container vessel CMA CGM Vasco de Gama grounded on...

New Maritime Safety Rules Sail to EU

New legislation to simplify and improve passenger ship safety rules were adopted by the European Council on October 23. “The adoption of these new safety...

No Encapsulation! New Gas Valve Unit Increases Engine Efficiency

Shipowners and shipbuilders can increase engine efficiency, save energy and reduce costs with a new gas valve unit. Eltronic FuelTech’s Geminus is also engineered to...

Where is the Container Shipping Industry Headed?

By Jason Chiang I was invited to speak at a panel on container shipping at the Bloomberg Intelligence Shipping Seminar. Rahul Kapoor, Asia Pacific Transportation Analyst,...

[Watch] Brave Footage of ‘Water Tornado’ Heading Towards Their Ship

A massive 'water tornado' swirling above the sea was captured in dramatic footage by two brave sailors - as it headed straight towards their...

Fire Ants Found at Gwangyang Port

On October 26, around 100 tropical ants were discovered inside a container at Gwangyang Port, South Jeolla Province. What happened? The tropical fire ants are suspected...

€92 Million Lock Opens for Euro Traffic

A giant new river lock which can handle modern river and canal motor ships up to 110m in length and will significantly improve European...

Ghost Ship Sails into North Dakota

On halloween to up the frightening factor, a pirate ship reportedly sailed into a North Dakota farm. Scare seekers flock to the vessel: The scare seekers...

Storm Herwart Damaged 5 Freighters in Northern Germany

On October 29, five cargo vessels ran into trouble after being reportedly affected by storm Herwart. What happened? The storm Herwart which has been sweeping across...

Director of Viswa Lab Passes Away

Mr.Tin Tun, Director of Viswa Lab Singapore passed away. He is deeply mourned by all the Viswa Lab staff who were present in substantial...

ClassNK Wins the Safer, Cleaner Seas Award

Leading classification society ClassNK picked up the Lloyd's List Safer, Cleaner Seas Award for raising global awareness and environmental standards through its ship recycling...

[Watch] US Sailors Rescued After Five Months Adrift in Pacific

Two US yachtswomen and their two dogs have been rescued by the US Navy after spending nearly five months adrift in the Pacific Ocean,...

Mitsui Delivers a 60,000 DWT Type Bulk Carrier

On October 25, Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has finally completed and delivered a 60,000 dwt type bulk carrier ‘M.V. Venezia’ to...

Global Shipping Emissions Rise as IMO Discuss Climate Action

Emissions of greenhouse gases (GHGs) from global shipping are on the rise again, according to a study released by the International Council on Clean...

More Speed Fines Levied Against Ships in Gulf of St. Lawrence

The authorities from Transport Canada has planned to levy increased fines if they violate speed restrictions in place at the Gulf of St. Lawrence. Protect...

Crude Oil Tanker Ran Aground on Western Scheldt, Netherlands

On October 26, an Aframax tanker loaded with crude oil reportedly ran aground after suffering from mechanical failure. What happened? The Aframax tanker ‘Maria Bottiglieri’ ran...

Maritime’s ‘Fuel of the Future’

As the maritime world increasingly mulls alternative fuel and propulsion solutions, Maritime Reporter & Engineering Newsdiscusses the path ahead for (liquefied natural gas (LNG) with...

Meet the Greek Woman in Charge of an 82,000 Ton Vessel

Stella Frantzeskaki, a Greek woman from Crete, is a rare breed and one of the few female captains of a cargo ship, in the...