Cargo Ship Burst Into Flames, 1 Dead, 4 Missing
A crew member aboard KM Yuliner was killed while four others were missing when the cargo ship burst into flames off the coast of...
Containership Charter Market Witnesses A ‘Tumultuous’ Year
Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
Starting with where the recovery has been...
Shipping Giant To Cut Jobs in Major Reorganisation
Shipping group Maersk will cut jobs as part of a major reorganisation, an internal e-mail sent to Maersk employees shows.
The reorganisation will...
Buy Your Own ‘Carnival Cruise’ for A Few Millions!
Ship auctioneer CW Kellock & Co. is listing one of Carnival Cruise Line's earliest vessels, the Holiday, next month.
The former Carnival vessel...
BIMCO Develops ‘Refund Guarantee’ To Tackle Legal Uncertainties
BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms.
The refund guarantee aims to provide an...
Oil Refiners Close Plants Over Lost Demand Worries
Oil refiners shut plants as demand losses may never return.
The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants.
...
UN Biodiversity Report Shows How the World Fails Nature Targets
In 2010, leaders from 196 countries gathered in Japan and agreed on a list of goals designed to save the Earth and target was 10...
COVID19 Pushing Containershipping Future To E-commerce
With global companies going for e-commerce in a pandemic hit world, the shipping industry is suddenly finding favor with an upsurge of investments. One...
Crew Birthday Bash Leads To the ‘Mauritius Oil Spill’ Reveals Investigation
A Japanese ship that ran aground on a coral reef off Mauritius may have changed course to get a mobile data signal for...
[FAQ] Enviro Protection Notations for Vessels
Environmental Notations for ships are extremely important to make shippers follow environmental regulations. Keeping that in mind, the ABS group has published an environment...