Ship Leaking Methane is Evacuated in San Pedro

A 40-foot tank being loaded onto a ship developed a small methane leak Wednesday in San Pedro, prompting evacuation of the ship. What happened? The incident...

Tons of Heroin Seized on Board Ship

Turkish police and coast guards have seized more than a ton of heroin in a raid on a Congo-flagged ship in international waters. What happened? Anadolu...

Greek Ship Owners Clash with Schäuble Over Taxation

The inability of German maritime policy to successfully support its domestic shipping industry is the motivation behind Wolfgang Schäuble’s pressure on the Greek government...

Weekly Vessel Valuations Report, June 06 2017

Tanker: Tanker values have remained stable this week. The VLCC Irene SL (319,200 DWT, Oct 2004, Hyundai Samho HI) sold to Sinokor Merchant Marine for USD...

Dry Bulk Ships: To Buy or Not to Buy?

The dry bulk market had a great run from the fall of the last year until March this year when the BDI reached 1,338...

Baltic Sea Campaign: Germany Announces New Patrol Ship

The Baltic Sea harbor porpoise is listed by the IUCN (International Union for Conservation of Nature) as “critically endangered”, with a population estimated to...

Pressurised Fuel Oil Leak Causes Fire in Ship Engine

Summary: On 27 April 2016, at about 13:30, the staff chief engineer heard one of the crew members shouting in the engine-room. He made his...

Oil Shipping Bears Brunt of Qatar Diplomatic Crisis

In the aftermath of the UAE and Bahrain's decision to cut diplomatic ties with Qatar, their respective port authorities have issued restrictions on movement...

Panama Ship Registry Shifts New York Office to Miami

The Panama Ship Registry is moving its New York Technical Documentation Office of Ships Segumar office that oversees all technical queries and responds to...

CMA CGM Reduces CO2 Emissions by 4% in 2016

The CMA CGM Group intends to reduce its CO2 emissions per transported container by 30% by 2025. Improved performance: CMA CGM had already improved its performance...