Ship Scrapping: Prices on Downward Path
As ship owners are actively pursuing more trading opportunities, the demolition market appears to be slowing down again. In its latest weekly report, the...
Sino-Global Shipping America: A Positive Risk/Reward Scenario
by Amit Ghate
Summary
Sino-Global Shipping America has embarked on a change in business strategy.
Early indications show positive earnings and sizable gross margins.
If the...
Owners Need to Scrap Larger Dry Bulk Vessels for Sustained Recovery
DRY bulk vessel owners will have to start scrapping more vessels of higher deadweight tonnage in order to alleviate the overcapacity problem.
Lloyd's List Intelligence...
Oil Tankers to Cruise Ships Fueled by LNG Offer Hope on...
When Russia’s biggest tanker operator launches four new vessels next year, they won’t just be carrying oil to northern Europe but the hopes of...
[Watch] Azure will be Maersk’s “Preferred Cloud”
Score one for Microsoft Azure in its battle for big, industrial cloud customers. Maersk, the world's largest shipping company, says it will use Azure...
How are Monitoring Reporting Solutions Impacted by MRV?
One of the highlights of HullPIC 2.0, the hull performance and insight conference in March 2017, is the contribution by Torsten Büssow and Jarle...
More Water Required for Panama Canal for Fourth Set of Locks
The Panama Canal Authorities are currently focused on securing more water resources for the artificial 77 km waterway dug through the Isthmus of Panama,...
[Watch] Singapore is World’s Top Maritime Capital
Singapore has emerged as the world's top maritime capital in a report launched Wednesday, by Norwegian consulting firm Menon Economics.
The annually report, "Leading Maritime...
Somali Pirate Gets Life in Prison for Attack on US Ship
A Somali pirate has been sentenced to life in prison for his role in attacking a U.S. Navy ship.
What happened?
On Wednesday, Federal prosecutors said that...
[Update] Explosion in Bulker’s Storeroom Kills Two
Authorities reported that two crew members injured in an explosion aboard a ship in the Atlantic Ocean have been flown to Portugal’s Azores Islands...
Are Your Ship’s Hatch Covers Weathertight? – UK P&I Club
The UK P&I Club’s Loss Prevention Department, in conjunction with the IMCS Training Academy, advises on the importance of hatch cover maintenance: Whether a...
Master’s Failure To Check Propulsion Engine Led To Bulk Carrier Allision
The US National Transportation Safety Board (NTSB) issued an investigation report, concerning the allision of the bulk carrier “Star of Abu Dhabi” with the...
Boiler Back-fire Kills Crew Aboard a Container Ship
In an unfortunate incident, a sailor was reportedly killed by a steam blast aboard a container ship died of multiple injuries.
What happened?
Celso Banas, 35,...
Global Container Freight Rates Double From a Year Ago
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same...
New Postgraduate Diploma in Maritime Safety and Security
WMU and DNV GL Maritime Academy Partner on New Postgraduate Diploma in Maritime Safety and Security
On 9 March, the World Maritime University (WMU) and...
Appointment Arnold Steenbakker to Advisory Board InterDam
InterDam is a leading supplier of heavy duty certified prefabricated walls, doors and windows that are blast resistant over 1.0 bar and can withstand...
SSA to Raise the Bar as an International Maritime Centre in...
The key focus for ‘Maritime Singapore’ in 2017 will be to continue strengthening efforts to raise the bar as a major Asian and International...
Work Permit ‘Restrictions’ Cost Shipping Investment
The Bahamas lost an international shipping company’s investment to a rival Caribbean destination because of a “restrictive” work permit policy, an international consultant recommending...
The Year’s Most Luxurious New Cruise Ship Christened in Monaco
Luxury line Silversea Cruises on Wednesday celebrated its first newly built ship in seven years with a christening ceremony in Monaco.
Costanza Lefebvre, the 17-year-old...
Navigating Through Challenging Times
Amid structural and cyclical changes brought about by over-capacity, mega-alliances, increasing digitisation, as well as economic and geopolitical uncertainties, Singapore remains a premier global...