Negligently Prepared Passage Plan Renders Vessel Unseaworthiness
International law aims to apportion risk in the transport of goods between the ship interests and cargo interests.
Shipowners are responsible for cargo claims caused by unseaworthiness of the ship.
But are exempt...
VLCC Tanker Fire Extinguished, No New Reignition
The fire on the VLCC tanker 'New Diamond' is under control or extinguished.
The is no new reignition and the tanker is under tow in seaward direction.
The initial fire began in an...
The Ships That Caused Major Oil Spills
Oil slick found a kilometre away from the supertanker engulfed by intermittent fires since an explosion on Sep.3.
The 20-year old 'New Diamond' tanker with 2 million barrels of oil appears to spill...
Oil Prices Overturn Some Losses Amid Demand Concerns
Oil futures clawed back some of the losses they sustained in the previous session.
Anyways a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand.
The...
Container Market Sees Best Q2 With a $2.7bn Profit
The container shipping industry posted a combined profit of $2.7bn in the second quarter of this year.
The positive results were despite every line experiencing declining revenue and year-on-year volumes.
Hapag-Lloyd posted the...
China Revises Law on Solid Waste Disposal
The current PRC Law on the Prevention and Control of Environmental Pollution by Solid Wastes prohibits the import, dumping and disposal of solid wastes.
A new revision to the PRC Law on the...
World Trade Center Faces New ‘Microscopic Virus’ Threat
New York’s Twin Towers undergo a halt in construction due to the COVID-19 pandemic.
Number of visitors has reduced drastically since the virus outbreak.
Silverstein and Libeskind, the master planners are hopeful that...
Vaccine Makers Pledge of Rigorous Testing To Approve COVID19 Vaccine
Johnson & Johnson, Merck, Moderna, AstraZeneca, Sanofi, BionTech, Pfizer, GlaxoKlineSmith and Novavax signed the historic pledge.
It promises they will 'uphold the integrity of the scientific process' as they near the end of...
WHO Reiterates Vaccine Safety Commitment After COVID19 Vaccine Trial Halt
According to a Reuters report, the World Health Organization has reiterated the importance of vaccine safety after the oxford vaccine trial was stopped due to participant falling ill.
Safety of a prospective COVID-19 vaccine comes...
CMA CGM Delivers Strong Q2 2020 Results Despite COVID-19 Pandemic
Ebitda grew by 30% to $1.05bn, with the operating margin up 86% to $497m in the shipping industry.
The group generated operating cash flow of more than $1.1bn, despite the COVID situation.
The...