Weekly Bulk Report – Week 41, 2020

The Baltic Exchange has released a report about the dry bulk market for the 41st week of shipping activities of this year. The report dated 09th October highlights the plight of the dry bulk...

Rescue Mission Turns Dramatic

  Cargo vessel was swept away as it was docking at the Cua Viet Port amid serious flooding caused by days of torrential rains. Crew members and a fisherman were rescued three days after. ...

Startups and Corporations To Decarbonize Shipping Industry

In light of reducing greenhouse gas emissions within the shipping industry, several major maritime corporations are looking to startups for truly innovative solutions. Industry experts consider that cooperation among established companies and startups...

The Complex Physics Behind ‘Boomerang’ Earthquake

This magnitude 7.1 earthquake started deep underground, in a gash on the Atlantic seafloor, a little more than 650 miles off the coast of Liberia, in western Africa. It rushed eastward and upward, then did...

ITF Urges On Seafarers’ Human Rights Amid Crew Change Crisis

Amid the crew change crisis within the maritime industry, International Transport Workers’ Federation (ITF) and the Joint Negotiating Group, issued a joint statement to urge seafarers’ rights, reports Safety4Sea. Seafarer rights In fact, the two organizations...

New 5-Minute Test for COVID-19 Detection

CRISPR gene-editing technology comes up with a test that detects the pandemic coronavirus in just 5 minutes. The diagnostic does not require expensive lab equipment to run. CRISPR tests work by identifying a...

UK Law to Ensure Fair Wage for Seafarers

The UK changed its law on National Minimum Wage so that seafarers will receive pay protection equal to every other sector. Entitlement to National Minimum Wage pay rates on domestic routes puts seafarers...

Panama Missing $15 Billion/Year Amid Registered Shipping Emissions

Carrying capacity of the world’s 60,000 largest ocean-bound vessels has increased from 800 million deadweight tons in the year 2000 to over 2 billion in 2020. At the moment, most of the world’s...

New China Civil Code To Affect Shipping Industry

  The new China Civil Code (CCC), which will be set into force on 1st January 2021 introduces major changes to various sectors of Chinese law, while is considered to have potential impacts on shipping,...

Ocean Cargo Volumes Begin To Boom Amid Rising Demand

Experts maintain that ocean carriers may have finally figured out how to make money this year, as sluggish demand last summer made sustainable pricing more important than ever. Shippers now cannot afford to...