Maritime Chokepoints Form the Backbone of International Trade
Two reports analysing the world’s main shipping routes found that international trade is increasingly reliant on a handful of transit chokepoints, the disruption of...
Ship Demolition Prices Tumble, While Few Bulkers Become Available
Ship owners are advised to take advantage of the current demolition market, despite the recent fall in rates. Shipbrokers and cash buyers alike are...
Hazcheck Restrictions Portal Gets to Next Phase
Freight insurance specialist TT Club and the UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community,...
CMA CGM to Increase its Footprint with Sofrana Unilines
CMA CGM has reached an agreement to acquire South Pacific container line Sofrana Unilines.
The acquisition will be concluded on behalf of the French carrier...
Panama Canal Temporarily Allows Swapping of Booking Slots
The Panama Canal Authority (ACP) announced that effective 1 December 2017, swapping and substitution of booking slots between container vessels of alliance members will...
Fuel-efficient Solution for Four Maersk Containers Provided by GE
GE's Marine Solutions has provided its power take-off / power take-in (PTO / PTI) solution for installation on four container vessels owned by Maersk...
Fire Breaks Out in the Engine Room of a Ship
On October 4, a fire reportedly broke out in the engine room of a vessel with firefighters rushing to bring it under control.
What happened?
The...
Explosion Onboard Ship Kills Two and Injures Three
On October 4, an explosion onboard a vessel reportedly claimed the lives of two members while injuring three.
What happened?
The incident occurred onboard the vessel...
[Watch] A Disney Cruise Ship Crashed into a Dock
The Disney Dream cruise ship had a collision with a pier last week while attempting to dock in Nassau, Bahamas.
Disclaimer: This video is...
How Pirate Radio Ships Paved the Way for Britain’s Rock ‘n’...
The British pop invasion that took over American airwaves in the 1960s might never have happened, had it not been for a radio revolution in the...
LNG Shippers Have a $45,000-a-Day Problem at the Panama Canal
Liquefied natural gas shippers are dealing with costly delays in getting tankers through the Panama Canal, according to Octavio Simoes, president of LNG export terminal...
Powering a New Class of Frigates
GE Marine Solutions signed a memorandum of understanding (MOU) with RJE Global, Morphettville, South Australia, whereby RJE will assemble GE LM2500 gas turbine modules...
Machinery Failure is an Ever-present Possibility
The Australian Transport Safety Bureau (ATSB) issued an investigation report on the foundering of the fishing vessel Venessa S at Cabbage Tree Island, New...
Weekly Market Report
NWE/MED
The coaster market in North-West Europe remains busy with smaller- and larger enquiries out from Scandinavia and UKC. We continue to see increasing demand for...
Reflections and Inflections in the Tanker Market
The tanker market is seeing the “full realistion” of oversupply the ABSA Cargo Conference was told last week, but changing trading patterns were also...
WinGD Launches Data Collection and Monitoring Platform
Winterthur Gas & Diesel (WinGD) has launched its new data collection and monitoring platform. The launch is part of WinGD’s strategy to lead the...
New Online Platform will Change Global Freight Markets
Varamar Group founder Alexander Varvarenko has launched the first phase of a new online platform for global freight markets. This is just two weeks...
German Boxship Collides with Korean Tanker Off Japan Sea
On October 3, a German container vessel reportedly collided with a Korean chemical tanker in Japan Sea.
What happened?
The German container vessel ‘Victoria Trader’ collided...
More Destroyer Collisions! A Tanker and Other Vessel Affected
On October 3, a tanker reportedly collided with a Navy destroyer at Kaohsiung Cijin Harbor. In another incident, another destroyer was involved in a...
Gas Leak Onboard Cargo Ship Kills Three
On September 30, three Indian workers died after inhaling gas that was leaking onboard a cargo vessel docked at port.
What happened?
The unfortunate incident occurred...