The Top 10 Shipping Container Companies in The U.S!

The top shipping containers companies in the USA are based on the information from Alphaliner. It is based on the record of the...

Plunge in Oil Price Forces LNG Production Cut!

Oil is not the only fossil fuel that suffered a steep price fall due to virus-containment measures.  LNG has also plunged, dragging Asia's...

Wood Chips Carrier Re-floated After Unprecedented Grounding!

A wood chips carrier runs aground at night, May 9 in Corral Bay, Chile. The carrier SURABAYA EXPRESS was refloated with tug assistance...

Hess Deepens Spending Cuts and Lowers Budget By 37% Due To...

Hess reduced its budget to $1.9 billion, down 37% from the company's original $3 billion budget. Net Bakken production to average 175,000 barrels...

The New Coronavirus Spreads Swiftly in Late 2019 Before Being Detected!

A genetic study of samples from more than 7,500 people infected with COVID-19 was conducted by Scientists at University College London’s Genetics Institute. ...

Crew Abducted from Cargo Ship

Cargo ship Rio Mitong was attacked by pirates off Malabo, Equatorial Guinea and two crew members were kidnapped, reports Splash247. About the incident The 1993-built 8,900...

[Watch] Series of Explosions and Major Fire at Shipyard!

Explosions were reported on Aframax crude oil tanker in the morning May 11, followed by major fire with black smoke, reports Maritime Bulletin. What happened? Several...

Shipping Companies on The Brink of Collapse Due To COVID-19

Container shipping companies are on the brink of collapse due to COVID-19 restrictions. Liners are cutting costs to counter the missing volume and...

COVID-19: LNG May Face Same Fate as The Oil Industry

Rystad Energy reported that oil has been negatively impacted when compared to other fuels. Oil prices plunged to historical lows and storage filling...

Seafarers Forced To Offload Cargo by Owners Amid COVID-19 Scare

10 seafarers of the vessel MV Tomini Destiny allege harassment from owners. They were forced to offload cargo at Chittagong, Bangladesh by the...

Containers Using Cape of Good Hope Route Cost Suez Canal $10m

An increasing number of container lines are routing vessels via the Cape of Good Hope. This move will cause the Suez Canal Authority...

IMSA Unveils ARMS Platform To Enhance Operations Amid COVID-19

IMSA has launched the Automated Risk Management Solution (ARMS) software platform. It provides updates under real-time circumstances concerning COVID-19. The data is coupled with location-specific risk...

Cargo Pump Malfunction Leads To Third Degree Burns!

The UK P&I Club has issued a guideline named "Risk Focus: Burns" which highlights the danger burn injuries experienced by crew members, the required...

Shipping Sector See ‘New Competitive Landscape’ Amid Pandemic Crisis!

Shipping lines have realized the benefits of consolidation during the virus pandemic, with the sector seeing a new competitive platform. The impact of...

Containership Cuts Her Voyage Short To Medevac Crew Member!

Container ship Lexa Maersk interrupted voyage to medevac a crew member. A probable quarantine was mentioned on the vessel. Seaman has been already...

COVID19 Boosted Maersk Online Container Tracking App Usage!

In a major development, the shipping giant Maersk has announced that the COVID19 pandemic has resulted in record use of their of the app...

COVID19 Stranded Containers Facing New Temporary Port Storage Risks!

  As COVID19 continues to disrupt shipping by giving less access to ports and crew for smooth operations, shipping lines are strategizing to store containers...

Carriers Face Scrubber Investment Washout As Oil Continues To Fall!

According to a Loadstar report by Mike Wackett, the strategy of carriers, such as MSC, Evergreen and HMM, to heavily invest in exhaust-cleaning scrubbers...

Product Tanker Market Awaits A ‘ Supercycle’ As Storage Demand Rises!

A price war and demand destruction because of the coronavirus pandemic have sent oil markets into a whirlwind during the past two months, writes...

First COVID19 Vaccine Trial in Closest Human Like Animal Successful!

In a major development, China has declared that a coronavirus vaccine developed in China has been proven effective in monkeys, reports CGTN. What is it? PiCoVacc,...