Ship Owners to Pay $1.6m for Oil Slick Clean-up

It will cost about RM5 million ($1.6 million) to clean up the oil slick in the Pasir Gudang waters off Johor, and the owners...

Japanese Shipping Giants Show Little Optimism for 2017

The heads of Japan’s three largest shipping lines addressed their employees as the nation headed back to work.  The mood among the three was...

Shipping Industry Confidence Improves – with Caveats

Operating cost movements are central to shipping’s fortunes. Shipping has certainly lived up to its reputation for volatility during the past twelve months. The quarterly...

2016 Was Charter Market’s Worst Year Ever

Maritime analyst Alphaliner has called 2016 the worst year on record for the container charter market as charter rates tumbled to historical lows for...

The Shipping Market in 2016 and Looking Forward

The longer global economic growth remains weak and lacks investment, the lower future growth potential for shipping. For eight years, the world has struggled to...

Ballast Water Discharges in the US to Grow as LNG Exports...

Growing LNG exports from the US could “drive a massive increase in ballast water flux to the US” resulting in “large effects on transfer...

Emissions Controls Start at Major Chinese Ports

Ships at all major commercial ports in emission control areas China set up last year are now required to burn low-sulfur fuel for the...

[Watch] Air Lounger Danger Warning

Consumer protection is warning owners of inflatable air loungers not to use them in water as they could pose a drowning risk. Inflatable air loungers...

Ship From ‘Perfect Storm’ Remains Unsinkable

EPA is still waiting to see if the Tamaroa is free from contaminants before adding it to artificial reef off New Jersey. The Coast Guard...

Major Rescue Off Container Ship

Major Rescue Involving Coastguard Helicopter from Container Ship A major rescue by the Coastguard rescue helicopter took place in Solent when a crew member onboard...