Weekly Bulk Report – Week 35, 2020

The Baltic Briefing has released a report about the dry bulk market for the 35th week of shipping activities of this year. The report...

Ship Arrest! 2 Tankers Seized

Investment bank HSBC  arrested two product tankers owned by Singapore-registered Somerset Maritime over cargo claims totalling $6m, reports 247CustomsBrokerNews.  Reason for seizure Two product tankers owned...

Global Ballast Water Treatment Market Potential On a Surge

Ballast water treatment involves treatment of ballast water before it is discharged out of the ship at the port or in the mid...

PSA Marine Joins Decarbonisation Journey With New Digital Solution

PSA Marine releases a report on August 27, 2020 in support of sustainable shipping by reducing the carbon footprint. It joins the global...

Shippers To Go Bankrupt With Skyrocketing Container Rates

Container rates sees a gain for the transpacific and Asia-Europe tradelanes. For example, Shanghai Containerized Freight Index (SCFI) recorded further gains for the...

Dry Bulk Market Witness a ‘Turn Over’ Amid Reclining Orders

A step back from the intense SnP market is necessary from time to time to analyze and capture how fundamentals are influencing the...

‘Mauritius Disaster’ Ship Captain Faces ’60-Year Sentence’

Cargo vessel MV Wakashio ran aground a reef on July 25th, and the bow section has been sunk into the ocean. The ship...

NI Launches Key Guidelines on Bulk Carrier Ops

With the support of Intercargo and vetting organisation RightShip, The UK-based Nautical Institute has responded by publishing A Guide to Bulk Carrier Operations. ...

ClassNK Launches ‘Digital Smart Ship’ Guidelines

ClassNK released its “Guidelines for Digital Smart Ship,” which stipulates the procedures for class notations for ships with advanced digital technology. The guidelines...

World’s Largest Shipbuilders Merge

Singapore’s antitrust watchdog approved the merger of the world’s two largest shipbuilders. CCCS has concluded the screening process. The authorities decided to approve...