Greek Ship Owners Clash with Schäuble Over Taxation
The inability of German maritime policy to successfully support its domestic shipping industry is the motivation behind Wolfgang Schäuble’s pressure on the Greek government...
Weekly Vessel Valuations Report, June 06 2017
Tanker:
Tanker values have remained stable this week.
The VLCC Irene SL (319,200 DWT, Oct 2004, Hyundai Samho HI) sold to Sinokor Merchant Marine for USD...
Dry Bulk Ships: To Buy or Not to Buy?
The dry bulk market had a great run from the fall of the last year until March this year when the BDI reached 1,338...
Baltic Sea Campaign: Germany Announces New Patrol Ship
The Baltic Sea harbor porpoise is listed by the IUCN (International Union for Conservation of Nature) as “critically endangered”, with a population estimated to...
Pressurised Fuel Oil Leak Causes Fire in Ship Engine
Summary:
On 27 April 2016, at about 13:30, the staff chief engineer heard one of the crew members shouting in the engine-room. He made his...
Oil Shipping Bears Brunt of Qatar Diplomatic Crisis
In the aftermath of the UAE and Bahrain's decision to cut diplomatic ties with Qatar, their respective port authorities have issued restrictions on movement...
Panama Ship Registry Shifts New York Office to Miami
The Panama Ship Registry is moving its New York Technical Documentation Office of Ships Segumar office that oversees all technical queries and responds to...
CMA CGM Reduces CO2 Emissions by 4% in 2016
The CMA CGM Group intends to reduce its CO2 emissions per transported container by 30% by 2025.
Improved performance:
CMA CGM had already improved its performance...
Mitsubishi Heavy to Combine Design Teams
Mitsubishi Heavy Industries will consolidate shipbuilding design and engineering workforces now scattered around Japan as part of an effort to revive its vessel business.
The...
Car Carrier Cuts Weight Through Diab Solution
By replacing three out of thirteen decks with Divinycell sandwich panels, shipbuilder Uljanik cuts the deck weight of car carrier Siem Cicero by 25%,...
Vessel Suffers Engine Failure in Bosphorus Strait
On June 5, 2017, a vessel reportedly suffered an engine failure in the Bosphorous Strait and went adrift.
What happened?
The "Andre Michel 1" suffered engine...
Maersk Unable to Move Cargo In and Out of Qatar
Maersk can no longer transport goods in or out of Qatar after Arab countries imposed restrictions on trade with the tiny Gulf state and...
Diver Goes Missing at Sea
On June 5, 2017, a diver was reported missing off Boulogne-sur-Mer, the CROSS Gris-Nez coordinated a research operation off Boulogne-sur-Mer.
What happened?
The "Dive Star"...
MAN Propeller Retrofits Garner 20 Per Cent Fuel Savings
MAN Diesel & Turbo’s Propeller & Aft Ship organisation has delivered propeller upgrade packages to 19 vessels of Odfjell’s chemical tanker fleet that have...
Business Models can be Built Around Data Sharing
For shipping to truly benefit from digitalisation, shipowners must find a way to share their data — and possibly build a business model around...
China’s Belt and Road Initiative: Rearranging Global Shipping?
Interest in China’s Belt and Road Initiative, now the preferred name for the One Belt, One Road scheme introduced by President Xi Jinping over...
Shipbuilders Get a Lift from Russia
Daewoo Shipbuilding and Marine Engineering (DSME), a debt-ridden shipbuilder that recently received another lifeline to stay afloat, held an event on Saturday in St....
[Watch] Container Ship Engine Room
Watch the little tour inside the heart of the biggest ro-ro/container ship in the world.
Disclaimer: This video is intended for informational purpose only. This...
Corrosion and Water Washing Problems Found by ExxonMobil’s MobilGard
Unexpected issues springs during ExxonMobil MobilGard Cylinder Condition Monitoring programme
The ExxonMobil MobilGard Cylinder Condition Monitoring programme has been running for 15 years, but has...
Fresh Piracy Attacks in Somalia Coast Invokes Uncertainty for Maritime Trade
A string of fresh piracy attacks off the coast of Somalia spells uncertainty for commodity dealers and consumers in East Africa.
Menace of piracy returns:
The...