This Week Trends
The average age of crude and refined product tankers is increasing, while the total fleet growth is expected to be between less than 1% to 2% in 2024, pushing out previously available discounts for older ships as the global...
Summary
On 4th of December 2016, the German-flagged Hanni ran aground in Hamburg. The master and chief officer were on the bridge. An overspeed protection alarm was issued for the main engine. After that, the main engine reduced the revolutions...
On April 7, a vessel which had reportedly capsized was successfully refloated and schedule for dismantling.
What happened?
The vessel ‘Britannica Hav’ was moored in the bottom up position at the Osaka Quay in Le Havre after she reportedly capsized.
Vessel uprighted
The...
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Hot Stuff Coming
Judy Chicago’s Exhibition Shows Timely Reflections On Women’s Rule
Judy Chicago has been a prominent figure in feminist art for six decades, challenging the historical omission of women's contributions.The great artist has brought...
Fuel Price Spread Favors’ Large Fleets
Since the Russian invasion of Ukraine, fuel prices have moved chaotically due to speculation over potential supply shortages.
The retail price that most...
Suicide Attempt by a Distressed Sailor Aboard a Tanker
Thirty-four Indian sailors and four Pakistani crew have been stranded aboard two oil tankers for more than two months off the coast of Kandla,...
IMO To Propose Mediterranean ECA Next Year
The International Maritime Organisation (IMO) plans to submit a proposal for an Emissions Control Area (ECA) across the Mediterranean next year, reports ArgusMedia.
NOx and...
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Three major events for the Explora Journeys fleet were celebrated: the delivery of EXPLORA II, the coin ceremony for EXPLORA III, and the...
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UECC is adding the car carrier vessel Auto Way to increase capacity and sailing frequency on its North-South route.
The expanded route will...
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The India-UAE Virtual Trade Corridor will boost ease of business and logistics efficiency.
Indian ports are crucial for India’s $5 trillion economy goal,...
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Hanwha Group announced a tender offer for the shares of Mainboard-listed Dyna-Mac Holdings for $0.60 per share.
The offer intends to secure management...
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Seaonics developed Ocean Charge, a new offshore charging solution for electric SOVs.
Successful in-port and offshore prototype testing has proven the solution’s feasibility.
...
Valmet Books Methanol Retrofit Order for CMA CGM Boxships
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The vessels will be...
Cancelled Sailings Spike as East-West Trades See 13% Blank Rate
13% of sailings have been cancelled between mid-September and mid-October 2024.
Ocean freight rates continue to decline, with the biggest drops on Asia-Europe...
International Naval Forces Step In to Secure Red Sea Salvage Operation
Experts will resume efforts to salvage a tanker that was attacked in the Red Sea, containing about one million barrels of crude oil.
...
AMVER Awards: A Tribute to 308 German Ships for Global Search...
ABS and the U.S. Coast Guard celebrated German maritime companies for their role in the AMVER reporting system during the SMM conference.
The...