Test Site for Autonomous Ships Opens in China
MoU signed in December 2017 to build the first test site for unmanned ships in Asia.
The 770 square km site is open...
‘World’s First’ Zero Emission Marine Biofuel Trialled
Highlights
GoodFuels has launched World's first zero emission biofuel for trial and tested onboard a tanker vessel during its commercial operation
The company claims to deliver near-zero emissions...
Largest Container Ship Built in US Arrives in Hawaii
Highlights
Largest container ship built in the U.S unveiled at Honolulu Harbor
The vessel is the first of the series of four vessels built for Matson...
Greek Companies Plead Guilty to Polluting US Waters
In a federal court in Beaumont, Texas, two Greek shipping companies, Avin International, and Nicos IV Special Maritime Enterprises, pleaded guilty this week to...
Propeller Entangled in Chain off Kerch Strait Anchorage
A general cargo entangled her propeller while maneuvering for anchorage in Kerch Strait.
What happened?
General cargo ship LADY MARIA while maneuvering in the southern anchorage...
Container Ship Makes Its Last Jersey Voyage
Huelin Dispatch sailed through for the final time on November 19th.
Channel Seaways becomes the only company providing cargo services to the Island.
...
Winter is Coming, Random Shocks Can be Powerful – BIMCO
Monthly average earnings for a VLCC shot up to USD 33,500 per day which was around USD 11,000 per day in August and...
EU Sides Japan in Suit Against S. Korea’s Shipbuilding Industry
Highlights
EU expressed its intention to participate in an on-going complaint filed by Japan against South Korea.
Japan blames South Korea for violating WTO regulations.
...
CMA CGM: Most Accomplished Asia Pacific Ship Owner of 2018
Highlights
CMA CGM named ‘Most Accomplished Asia Pacific Ship Owner’ of 2018.
Award for demonstration of sustainability, efficiency and environment-friendly approach.
Successful in reducing CO2...
How to Know the Engine Room Before Joining the Ship?
VR start-up SeaBot XR could speed up the process of adjusting to new engine rooms for the crew.
A smartphone and cardboard box...
NYMEX to Launch Low-sulphur Marine Fuel Futures Contracts in December
A Reuters report says that the New York Mercantile Exchange (NYMEX) is listing 11 marine fuel futures contracts with 0.5 percent sulphur content for...
Weekly Market Report
The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes.
NWE/MED
The NWE coaster market continues to...
Matson Moves Boxship in $106m Sale and Leaseback Deal
Highlights
MV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer.
The term of the lease has...
Safe Bulkers Enters Acquires a Japanese Post-Panamax Vessel
Safe Bulkers acquired Japanese Post-Panamax vessel, expected to arrive in 2020.
Company's common stock may finance upto 50% of the purchase price.
...
Angola LNG Offers Cargo for Jan-Feb Delivery
According to media reports, Angola’s liquefied natural gas (LNG) export plant has offered a cargo for delivery between January to February.
There are no...
Majority of ‘Wet’ Scrubber Systems have 3 Basic Components
Figure: Exhaust gas cleaning system basic components
There are several different designs of marine exhaust gas cleaning systems (often referred to as scrubbers) that remove...
[Watch] Tourists Spot Four Giant Waterspouts Appear in the Sea
THAILAND holidays are famous for blue skies and hot weather. But an amazing viral video has emerged showing the moment of a rare quadruple...
Captain of Drifting Ship Jailed for Grounding Ship on Reef
On November 22, the criminal court in French Polynesia was suspended the captain of a cargo vessel and announced an one-year jail sentence for...
Capital Product Merge Tankers with Diamond S in a $1.65bn Deal
Highlights
Capital Product Partners L.P. and DSS Holdings L.P. enter a definitive transaction agreement for business operations.
The new company hopes to be market leader...
Bye Bye GPS! World’s First Quantum(Atomic) Compass for Navigation
Imperial College Research Team and M Squared laser firm build quantum compass.
Quantum navigation more secure than GPS which is vulnerable to signal...
