HMM Records $23m Profit for Q2 2020

HMM sails into the black after 21 quarters, but half-year is still red, carrying forward a loss of $31m. Posted a net profit of $23m for Q2 20, compared with a loss of...

Ship Owners Sailing Fuel Cargoes To US for Seizure

  Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure sail to the United States. Fuel should be in U.S. territorial waters to be seized. Vessel owners transfer fuel cargoes to...

‘Five-year Plan’ To Boost Maritime Industry

South Korean government plans to boost the container carrying capacity. It plans to push the country’s liner operators to 1.2 million TEU by 2025. Moon Seong-hyeok a five-year plan to revive the country’s...

The Trans-Pacific Eastbound Market Is Going Crazy!

China-U.S. West Coast container rates continue their astonishing climb. Clients are selling more and they are selling more online bringing shipping more into the U.S. 80% of them are growing year-on-year and gaining...

[Watch] Mauritius Bulk Carrier Splits Into Two After Spilling Oil

  Japanese Cargo ship MK Wakashio ran aground on a reef off the coast of Mauritius with 4,000 tonnes of fuel onboard on July 25. More than 1,000 tonnes of fuel has leaked into...

DHT Acquire Stocks at Spot Rates

The leading tanker major DHT is back in takeover mode with asset prices poised to fall, DHT preps to buy. The quarterly call of DHT Holdings (NYSE: DHT) was easy listening for its investors....

Robotic Laser Cladding To Restore Engine Sealing Surfaces

A recent report published by the Marine Shaft deals with the use of Robotic Laser Cladding to repair engine sealing surfaces. MarineShaft suggests welding up the worn surfaces with laser equipment and machining...

Improper Starboard Side Lookout Cause Collision [Part I]

Japan P & I Club released a P & I Loss Prevention Bulletin, volume number 40 in September 2017.  The prevention bulletin deals with the case study concerning collision, engine trouble and oil spill...

Bunkering Market in China Recovers with Bunker Fuel Demand

Beijing-based commodity market information provider JLC Network Technology Co. on Thursday (13 August) shared its JLC China Bunker monthly report for July, reports Manifold Times. JLVJLC China Bunker Market Monthly Report (July, 2020) Bonded bunker fuel...

LCL Shipping Cost-Effective Despite Stiff Competition from FCL

Cargo consolidation through less than container load (LCL) allows thousands of shippers to move their cargo at economical prices, as they are unable to fill full container load. Vanguard Logistics, Shipco, ECU Worldwide...