Boxship Suffers Engine Room Fire

According to reports, on Sunday morning, a boxship sustained an engine room fire at a position in the Gulf of Finland, disabling her and prompting a large-scale emergency response, reports assafinaonline. What happened? At about 0200...

A Final Step In Cargo Loading Operations

Over pressurization of vessel tanks when shore pipelines are cleared can cause physical distortion and even rupture of the tanks. Line blowing is clearing shore pipeline using compressed air or nitrogen. Pigging is...

Santos & CSIRO Develop World’s Lowest Cost Air Capture Technology

Santos is partnering with Australia’s national science agency, CSIRO, to develop what is hoped could become the lowest cost direct air capture technology in the world. With Moomba CCS having capacity to store...

Fearnleys Weekly Report – Week 44, 2021

Sentiment is somewhat undecided in the VLCC market, and rates have flatlined in the mid WS 40’s for MEG/Eastbound voyagers. A quieter Atlantic Basin has also limited alternative opportunities. For full report click here  Did you...

Everybody’s Favorite Ship Will Be Back In Action Very Soon

Everybody’s favorite container ship is back in the news this week. That’s right — the Ever Given is finally getting the repairs it needs after it spent almost a week lodged in the side...

China’s Record High Dollar Influx Muddles World Markets 

Unprecedented trade surpluses and record inflows into its bond market are giving China a stockpile of dollars unseen since the days when the ‘Asian savings glut’ was blamed for keeping U.S. interest rates excessively...

Supply Chain Crisis Deepens, A Nightmare for Shippers

Close to 160 vessels are waiting to enter the Long Beach and Los Angeles port complex. Some mega-sized container ships carrying as much as half a million tons of everything from consumer goods...

Maersk Air Freight Services Makes Supply Chain More Flexible and Resilient

  When thinking about Maersk, 99% of people will only associate our brand with Ocean transportation. Majestic ships under the seven-pointed star, carrying goods all over the world, connecting businesses from port to port...

The Shipping Industry Could Face A Labor Shortfall by 2025

There are dozens of ships anchored off the ports of Los Angeles and Long Beach this week, imperiling global supply chains and holiday gifts. Also imperiled? Without action from supply-chain companies, their customers...

Crowd Surge At Astroworld Music Festival In Houston Kills 8 People

A crowd surge at a Houston concert left eight people dead and dozens injured. Officials said they will investigate key causes and what could have been done to get attendees out of harm's...