BIMCO Ventures into Ship Finance
BIMCO SHIPTERM: BIMCO ventures into ship finance
On 9 January 2017, BIMCO published its first ship finance related form – "SHIPTERM". BIMCO describes SHIPTERM as...
Why a Vessel Worth $60m was Sold as Scrap?
Shipping slump: Why a vessel worth $60m was sold as scrap
In January 2010, the container ship Hammonia Grenada was delivered from a Chinese yard...
Bulker Values on the Rebound From “Rock Bottom” Levels
Dry Bulk Back From The Brink
Bulker Values in the last 12 months have hit rock bottom and are now looking to show considerable promise....
Palau-flagged Ship Arrested
Court orders arrest of Palau-flagged ship
The Madras high court, India has ordered the arrest of a Palau-flagged ship, anchored at V O Chidambaranar Port...
Oceangoing Fully Autonomous Ships in Next 15 Years
‘Oceangoing fully autonomous ships in next 15 years,’ says Rolls Royce
The technology revolution taking place on land with the advent of driverless vehicles also...
Crew of Cargo Ship Found with Gun Arrested
A man who had just come off a cargo ship owned by TOTE Services was arrested Monday for having a gun at the Blount...
[Watch] Thrill Dive Under a Freighter – The Real Deal
Watch a thriller video of a freighter passing above the diver. Is it a thrill dive under the freighter or did the diver didn't...
Big Data Professionals Needed, Shipping Leaders Warn
The maritime industry is facing a severe skills shortage in analysing and harnessing big data, which could hinder the reinvention of the struggling industry,...
Italian Cargo Ship Breached After Collision with Freighter
A freighter collided with a general cargo vessel which was berthed at a port. During the collision, the cargo vessel suffered significant damages.
What happened?
The...
Fatal Electrocution While Using Electric Hoist Onboard Box ship
A fatal electrocution accident happened when using electric hoist for lifting operation
Summary:
A fitter on board a Hong Kong registered container ship was electrocuted when...
Drunk Ship’s Captain Convicted
A sea captain has been convicted of being drunk in charge of a merchant ship in Belfast Lough.
What happened?
Eugenijus Tulauskas, from Lithuania, was up...
Ship Insurers Look to Luxembourg as Brexit Looms
UK-regulated ship insurers are looking to Luxembourg after fears Brexit will hinder access to the EU's financial market, industry sources say.
Briton is a market...
The Swedish Club Improves Offering to Charterers
The Swedish Club has launched a new addition to its portfolio, Rules for Charterers’ Insurance, which has been written to recognise the specific needs...
New Interferry CEO to Make Funding Call at European Shipping Week
Mike Corrigan, the incoming CEO of global trade association Interferry, is to advocate greater European Union involvement and investment in the ferry sector during...
VLCC Tankers Storing Crude are Much Less than Claimed
Reports this week indicated that VLCC availability has been limited by a surge in floating storage which has consumed a large segment of the...
UN Ballast-water Convention to Take Effect in September
Charter fees and freight rates may rise as smaller lines struggle with costs of Ballast-Water Convention
An international convention regulating ballast water, which ships with...
Longevity in Rich Countries
POPULATION forecasting is not simple. Demographers use mortality data—information about when people die and why—to estimate the likely life expectancy of people still alive....
Composite Cutterhead Shaft Bearing Still New After Ten Years of Dredging
COMPOSITE CUTTERHEAD SHAFT BEARING AS GOOD AS NEW AFTER TEN YEARS OF DREDGING
After ten years and more than 100,000 operating hours dredging up silt,...
[Watch] Fire at the Port of Port Arthur
Port Arthur firefighters are still investigating what caused a conveyer belt fire near a cargo ship. The conveyor belt being used to load German...
New Safety Initiative to Drive Performance Improvements on Board
V.Group has signed an agreement with Lloyds Register to run an initiative on port state control performance improvement on board V.Ships and ITM managed...