Thoresen Rides Dry Bulk Recovery

Thoresen Thai Agencies (TTA) said on 14 November that it had a THB49.14 million (USD1.46 million) net profit for the third quarter of 2017...

Greek Shipowners have $15.2 Billion in Newbuilds

Renewal of the Greek fleet continues at pace as cash rich owners continue to build ships and buy ships. A survey by Naftiliaki Greek Shipping...

First LNG-fuelled Container Vessel Launch Completed

Launching of Containerships’ first LNG-fuelled container vessel was completed on 4.11.2017. M/S Containerships Nord was successfully launched during high tide at Wenchong Shipyard. The shipbuilding...

Bulk Carrier Attacked, 10 Crew Kidnapped and Freed

On November 11, a bulk carrier was reportedly attacked by armed Nigerian pirates who kidnapped ten crew members who were subsequently freed. What happened? The...

Ship Banned From Sailing After Allision

On November 13, cranes were damaged after a containership reportedly allided with them in the port of Alexandria. What happened? The Containership ‘CSCL Yellow Sea’ was...

Europort Confirms Role as International Maritime Business Hub

Europort’s vital role as a hub for global maritime business was reflected in its continuing attractiveness to international visitors and a series of business...

Oil Price Tends to Have a Lot of Geopolitical Noise

Since early last year, commodity markets have signaled a rebound in global economic growth following the recession that rolled through the global energy industry...

Onboard Sulphur Filtering: A New 2020 Vision

According to maritime technology supplier Green Framework, the onboard desulphurisation could provide an alternative to low-sulphur fuel, scrubber installations or LNG for compliance with...

Manoeuvring in Hazardous Area with No Echo Sounder Results in Grounding

Summary At 0830 on 15 May 2016, Surprise’s skipper attended the SMBA’s daily planning meeting, where he was allocated a sightseeing trip to Western Rocks...

Seafarer Suicide Rates Triple!

Recently the BBC released a film which shows the life of a seafarer and the pressures faced by them onboard. Narrative style: The film features the...

[Watch] Suicidal Thoughts Onboard

It is estimated that 90% of global trade is carried by ship, but little is known about the lives of the thousands of people...

Containers Weekly Round Up: Contract Negotiations in the Spotlight

November has turned out to be a tug of war contest for the global front haul routes as the annual contract negotiations take the...

CMA CGM’s €250 Million High Yield Bond Issuance

Shearman & Sterling represented BNP Paribas and HSBC as initial purchasers on CMA CGM’s €250 million issuance of 5.250% senior notes due 2025. The...

Fully Electric Cargo Ship Launched in Guangzhou

The world's first 2,000-metric-ton all-electric cargo ship has been launched in Guangzhou, the capital of Guangdong province. The ship, manufactured by the Guangzhou Shipyard International...

Sulphur-limit Clock is Ticking!

Shipowners must take decisions on their fuel strategy in the light of new International Maritime Organization (IMO) regulations. But according to one bunker broker, installing scrubbers...

Panama Canal Expansion Pits East Coast vs. West Coast

Asian shippers are siding with the Notorious B.I.G.’s declaration of regional loyalty from the 1997 hit “Goin’ Back to Cali”: “If I got to...

Fitch: Tanker Shipping Oversupply to Keep Rates Low

Oversupply in the tanker shipping market is expected to keep the rates low in 2018 while a glut can be noticed in delivering new...

Poor Stevedoring Contributed To Unsecured Cargo Stack Collapse

Summary On 18 December 2016, the bulk carrier ‘Graig Rotterdam’ was discharging a deck cargo of packaged timber at anchor in Alexandria Port, Egypt. That day,...

[Watch] ABS Internal Tank Drone Inspection

Cyberhawk Innovations, the world leader in inspection and survey using unmanned aerial vehicles (UAV), has been certified as an External Specialist by the American...

WinGD Engines to Power LNG Fueled Box Giants

CMA CGM’s LNG fueled box giants are all set to be powered by Winterthur Gas & Diesel Ltd. The WinGD engines comprise of a 12-cylinder...