A.P. Moller-Maersk Records Profit in Q2 Amid COVID-19
A.P. Moller-Maersk may generate $1.5 billion more in operating profit this year.
Soren Skou expects container volumes to be back at 2019 levels by the beginning of next year.
Shares in the company...
Newbuild Mega-containership Arrivals Can Upset Box Trades
Containership orderbook is at a historic low with a backlog of 86 ships.
Deployment of 1.47 million teu of capacity on the newbuild ULCVs could prove challenging.
CMA CGM and Evergreen has a...
Foreign Flagged Ships Detained in the UK During July 2020
The Maritime and Coastguard Agency (MCA) announced that nine foreign flagged ships remained under detention in UK ports during July 2020 after failing port state control (PSC) inspection.
Zero new detentions
During July, there were zero...
Faulty Cargo Plan Leads To Containership Unstability
Container ship developed a starboard list, lost stability and rested on a pier at Chittagong port, reports Maritime Bulletin.
What happened?
Container ship OEL HIND developed a starboard list and rested on a pier at Chittagong...
[Watch] 25 Kilos of Cocaine Seized On Board a Bulk Carrier
Anti-narcotics division and Coast Guard seized 25 kilos of cocaine from a bulk carrier.
Master and senior officers of the Japanese capesize bulk carrier detained.
Involvement of the crew including Captain and senior...
Maersk Records 16% Revenue Loss in Q2 Due To Covid 19
Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue.
The demand destruction from the coronavirus pandemic reduced the company's container volumes by 16% year on year.
Maersk achieved an average freight...
[Watch] Maritime Energy Storage Technology With Liquid Air
Liquid air energy storage promises to be a cost-competitive technology that is free from toxic compounds.
It can offer extremely long service lives in both stationary and possibly mobile application.
Proven technology to...
Lack of Proactive Decision on Towline Ends in Vessel Re-grounding
This case study is based on the accident report investigated by the MAIB with regard to the the grounding and recovery of the container feeder vessel Thea II and the tug Svitzer Josephine in...
World’s Largest Dam Reaches Maximum Capacity Flooding China
Extreme floods have hit China’s Three Gorges dam, which recorded the largest inflow of water in its history.
Inflows to the world’s largest hydro-electric dam reached 75m litres of water a second, according...
DNV GL Highlights Cyber Security ‘Type Approval’ Norms
The impact of unauthorized, and even authorized, access to ships’ systems can be catastrophic, potentially resulting in reputational, financial and environmental damage.
As the industry slowly approaches truly autonomous shipping, increased reliance on...