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Intermodal Weekly Market Report – Week 37,2023
The OSV market has turned from an all-time low to great earnings in the past 2 years, as investments in the North Sea's Oil...
Lessons Learned: Launch Of Fast Rescue Boat Gone Wrong
IMCA reports of an incident where the fast Rescue Boat (FRC) comes close to falling off in a dry dock.
What happened
During an annual test...
6000 Tons Rock To Stabilize the Overturned Georgia Cargo Ship
Truckloads of rocks are being transported to the Georgia coast to stabilize an overturned cargo ship until it can be removed in pieces, reports...
Damen, WUZ Port & Maritime Sign Deal for ASD Tug 2111
Damen Shipyards Group has signed a contract with WUZ Port and Maritime for an ASD Tug 2111.
The ASD Tug 2111 will be...
Ports Ready to Ease Shipping Backlog After Harvey
More ships sailed into the Houston Ship Channel on Friday in what will be a parade of vessels laden with crude oil, consumer goods...
LR Win Funding To Accelerate The Sustainable Decarbonisation
The work programme of the Maritime Decarbonisation Hub, which is advancing the decarbonisation of the maritime industry.
The five winning projects involve LR...
Advent Technologies And Siemens Energy Collaborate On Maritime Fuel Cell Solution
Advent Technologies, a subsidiary of U.S. Advent Technologies Holdings, and Siemens Energy have entered a joint development agreement (JDA) to create a 500...
LNG Newbuild Cost Inches Closer To US$260M With Capital Gas Order
Before midyear, the price tag for a standard-sized LNG newbuilding will likely top US$260M. In one of the latest orders, Greece’s Capital Gas inked...
Yang Ming And CMA CGM Ready Further Boxship Orders
The record boxship orderbook is about to reach 1,000 vessels, with the container market clearly passed its peak, and yet discussions are ongoing for...
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ORIX Corporation’s Landmark Order For Methanol-Fueled Bulk Carriers Marks A Green...
ORIX Corporation has placed an order for two Methanol Dual Fuel KAMSARMAX Bulk Carriers from TSUNEISHI SHIPBUILDING Co., Ltd. and one bulk carrier from...
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Alang Ship Recycling Industry Faces Severe Downturn Amid Red Sea Crisis
The ship recycling industry in Alang, Bhavnagar, is experiencing a significant downturn, marked by dwindling ship arrivals and competitive challenges.
The ongoing Red...
Engine Failure Causes Cruise Ship To Blackout at Hustadvika
The interim report released by Accident Investigation Board Norway elaborates about the black-out and loss of propulsion of the cruise vessel Viking Sky.
Summary of...
[Watch] Why this Vessel Collided with a Tanker?
Summary
On 27 June 2015, the passenger ship Celestyal Crystal collided with the product tanker STI Pimlico about 0.7 nautical miles off Gelibolu Lighthouse in...
