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MSC Named Lead Investor in CK Hutchison Ports Deal
CK Hutchison confirms MSC, run by the Aponte family, is the primary investor in the sale of 43 global ports.
The $22.8 billion...
Oil Settles up $2 on Optimism About US Debt Ceiling, Demand
U.S. crude stockpiles rise 5 mln bbl -EIA
Reuters poll forecast 900,000 bbl U.S. crude drawdown
IEA predicts demand will outpace supply by...
Port Of Long Beach Sees ‘Strong’ Cargo Surge In July
The Port of Long Beach has witnessed its busiest July on record and the third-busiest month in its 113-year existence.
In July, dockworkers...
Lessons Learned: Lapse in Navigational Planning Causes Vessel Grounding
A vessel on a short voyage ran aground while navigating through a narrow channel at low tide, reports IMCA.
What happened?
Although there were no injuries...
IMO 2020 Challenges Global Refinery Industry’s Capacity
IMO decided to strictly enforce use of bunker fuels with a sulfur content of 0.5% from the existing 3.5% limit, from 2020.
...
Cyprus A Country Small In Size But Big In Shipping
Cyprus Shipping Deputy Minister, Vassilios Demetriades, aptly describes the country as, “Small in size, but big in shipping”, as it continues to grow...
Fire Incident Exposes Safety Flaws on Norwegian Vessel
A fire incident on a Norwegian vessel highlighted safety design flaws which exposed crew members to smoke and caused operational mishaps.
Companies should...
Asia Light Ends: Key Market Indicators For Jan 17-21
Asia's light ends were supported in early trade Jan. 17 by firmer crude oil futures, though gasoline demand was not yet in full swing...
Unexpected Collision Between Two Cargo Ships
Accident type
: Collision
Location
: Oster estuary on Elbe River on 5 nautical miles off Cuxhaven, Germany
Casualties/Pollution
: Nil
When two vessels head in the same direction on...
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C-Job Explores the Possibility of Using Ammonia As Ship Fuel!
The shipping industry is looking towards using ammonia as an alternative source of fuel since it provides carbon-free emissions.
Using periodic overcapacity of renewable energy...
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Is ‘Covid Tongue’ An Omicron Symptom?
Nearly two years into the global pandemic, we’re still learning about COVID’s rarer symptoms.
The effects of the COVID tongue vary from person...
China’s Top Ports See Sharp Drop in U.S. Shipments
Major Chinese ports saw a decline in exports to the U.S. in early 2025.
Chinese exporters are rerouting goods and diversifying markets to...
Five Sailors Missing After Ship Collision Off Singapore
On September 13, five sailors were reported missing after two ships collided with each other off Singapore waters.
What happened?
The Indonesian-registered tanker reportedly collided with...
