Ignored Facts That Deteriorates the Purpose of Risk Assessments!

Gard in its recently published article gives an insight about things that makes risk assessments less meaningful. What makes risk assessment less meaningful? Rather than ensuring...

Continuing Piracy Crisis Unacceptable, Says CSC

The Cyprus Shipping Chamber (CSC) expressed its concern at the ineffectiveness of the international community to address the continuing piracy crisis, says an article...

IMO’s Target To Create Future-proof Bulkers and Tankers

IMO has set a target to reduce GHG emissions by 50% compared to 2008. This target impacts financing as bulkers and tankers. Slow...

Weekly Bulk Report – Week 22, 2020

The Baltic Briefing has released a report about the dry bulk market of the 22nd week of shipping activities of this year. The report...

Product Tanker Ship Suffers Engine Failure in Arabian Sea

According to an article published in Maritime Bulletin, a product tanker suffered engine failure in the Arabian sea. What happened? The product tanker GHETTY BOTTIGLIERI suffered...

Antiviral Drug Approved To Be Administered To COVID-19 Patients

Russia will start giving its first drug approved to treat COVID-19. It will ease strains on the health system and speed a return...

Massive Trade Losses in COVID19 Shutdown!

No V-shaped recovery in sight after the large-scale shutdown of economic activity and the virus poses a risk to globalisation, says BIMCO CEO, Peter...

Shipping Goes Digital in Lockdown To Limit Costly Paper Trail!

According to a Reuters report, the coronavirus lockdown has accelerated a digitalization drive in a global shipping and logistics sector that still routinely delivers...

Why Digitalisation in Shipping Industry Is at a Faster Pace?

The Maritime CEO Tech Leader Series powered by Ocean Technologies Group gives viewers thoughts on how shipping will evolve with technology. Sponsored by...

Floating Storage at Record High on Asia Inventory Logjam!

According to a Lloyd's List report, floating oil storage is at a record high now as more than 275m oil barrels is tracked by...

Ships Altering Tracking Transponders To Be Fined!

According to a Reuters report, Panama’s Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its...

Fluctuating Bunker Prices Puts An End To TC Revenue

Bunker prices fluctuate with the oil markets but even after stripping out the effects of crude, prices between ports are still extremely volatile. As a result,...

How The Asian Practice of Flushing Sinuses Helped Tame COVID19!

The coronavirus pandemic has had global reach, affecting most developed nations within weeks of it taking over the Wuhan province of China from which...

Fire Onboard Puts Ship in Trouble But Crew Members Safe

FPSO TERRA NOVA, positioned E off Newfoundland and Labrador in the Atlantic, suffered fire on board either early May 30 or late May 29. What...

Viswa Lab Analyses The Cost of Shipping Oil Around the Globe!

The OPEC + strong production cut bolstered the crude prices by almost 80% and slashed the amount of crude oil movements around the world,...

Cancelled 2020 R&D Leadership Shows COVID19 Reality!

In March 2020, due to coronavirus fears, RDL organizers decided to pull the plug, following other big events such as South By Southwest...

Maritime Accidents Monthly Report May 2020

Maritime Bulletin (MB) recently published the list of accidents they reported. MB finds about maritime accidents involving merchant marine ships at the earliest.  Accidents reported MB...

Increasing Number of Countries Rush To Avail Dry Dock Services

Oman Dry Dock Company is surging ahead with carrying out repairs. More than 35 countries are benefiting from the dry dock services of...

DOF and DOF Subsea Standstill Agreements

DOF will impose standstill agreements unilaterally, even for those lenders who have not entered into an agreement with the company, reports Splash 247. Standstill agreements Norway's...

Ship Captain Charged for Container Spillage!

APL's shipmaster has been charged with offenses related to pollution and/or damage to the Australian marine environment. Shipowner APL Singapore, insurer Steamship Mutual,...