VLCC Rates to Fall Further in Well-supplied Market

Freight rates for very large crude carriers (VLCCs) are set to slide further next week, falling below tanker break even costs on routes from...

Global Economy is in Sync

With the first-quarter earnings season coming to a close, the verdict is in on the synchronized global expansion: It’s alive and well. A picture of...

Baltic Exchange Outlines its Growth Plans

The London-based Baltic Exchange has bold growth plans in the wake of its acquisition by the Singapore Exchange (SGX) last year. Among other things, the...

DNV GL Certification for Energy and Safety Management

Columbia Shipmanagement receives DNV GL certification for energy and safety management DNV GL has confirmed that Columbia Shipmanagement complies with the highest standards in energy...

MOL to Launch Sales of Redesigned, Refined PBCF

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that its group company MOL Techno-Trade, Ltd. (President: Shugo Aoto; Headquarters: Chuo-ku, Tokyo)...

[Watch] US Welcomes Largest Cargo Ship to Ever Visit Ports

The largest cargo ship ever to visit ports on the US East Coast arrived earlier this month at the Port of Savanna. The COSCO Development...

LNG Bunkering Set to Fuel a Favourable Future in Asia

The liquefied natural gas (LNG) bunkering market in Asia is gearing up for growth in the next two to three years. This is largely...

Wilhelmsen Drone Delivery Takes Wings

Marking a seismic shift in just how ships agents can support their customers, Wilhelmsen Ships Service (WSS) will soon be delivering its agency essentials...

First ‘Hybrid’ Subsea Crane for CBO Vessel

As part of its conversion from a platform supply vessel to a remotely operated vehicle (ROV) support vessel, Brazilian ship owner CBO’s ‘Manoella’ is...

Goodbye High Seas, Hello Cubicle. Is Sailor the Next Desk Job?

Some sailors of tomorrow will never have to get their sea legs. These sailors will be seated in office buildings on land, hundreds of...

Does World Trade Bode Well for Marine Shipping? Think Again

A fully loaded cargo ship heads into New York Harbor in August of 2016 in New York City. The global economic slowdown, especially the...

How Crane Collapse Incident Occurred? – A Pilot’s View

A pilot with knowledge of berthing operations at DP World’s Jebel Ali Port says the collision between a CMA-CGM container ship and STS crane...

IMO’s Hughes Talks Sulfur Cap, Quashes Talk of a Delay

* Chance of push-back to Jan 2020 sulfur cap deadline 'negligible' * Compliance with 2020 sulfur cap a key topic in July meeting * IMO to...

Tanker Runs Aground in a Lake

On Friday, A tanker reportedly ran aground east of Cornwall. What happened? The incident occurred when the ship way on its way from Hamilton to Montreal...

Presence of Lead in Stern Tube Lubrication Oils

VISWA LAB TECHNICAL UPDATE:  Presence of Lead in Stern Tube Lubrication Oils We have received two cases of elevated and increasing lead levels in stern tube lubricating...

Baltic Dry Index Posts Four Consecutive Daily Losses

The Baltic Dry Index declined four-straight sessions this week, with the shipping metric now at 957 points, firmly below 1000 points with little expectation...

Indonesian Car Ferry Catches Fire Off East Java

The ro/pax ferry Mutiara Sentosa 1 suffered a serious fire on Friday evening during a transit of the waters of the Masalembo, the Southeast...

ABB Adds Certified MRV Module to its Suite

ABB strengthens its decision support software suite with certified MRV module The latest development will enable customers to monitor their emissions according to the EU’s...

OOCL Hong Kong Takes Largest Containership Crown

The 21,413 teu OOCL HONG KONG, delivered last week by Samsung Heavy Industries, has taken the crown for the largest containership ever built, based...

Ship Owner Expects Soft Tanker Market to be the Norm During...

Tanker owners are in for rough seas over the course of 2017, as rates aren’t bound for a recovery anytime soon, at least according...