Cargo Ships Pushed on Embankment! One Capsized!
Ship due to adverse weather while drifting contacted a general cargo ship anchored in the vicinity.
Both ships got entangled, and ended up on the embankment.
One cargo ship sustained some serious damages...
Group Of Scrubber-fitted VLCCs Emerge As Sales Candidates
20 modern or resale VLCCs are in talks to be sold at high prices.
Six sale groupings have been touted as the real sales candidates.
They have been identified as Arne Fredly-backed Hunter...
Genco Prepares To Jettison Their Handysize Bulkers
Genco Shipping & Trading is ready to dispose of all its 10 handysize bulkers as part of the company’s fleet optimisation and renewal plan.
The company has determined to expand its previously announced...
[Watch] Salvage Underway for Grounded VLOC Bulker
The 2016-built VLOC Stellar Banner, owned by South Korea’s Polaris Shipping, has run aground off the Brazilian coast after leaving Vale’s Ponta da Madeira Maritime Terminal in the state of Maranhao, on February...
Revised Surcharges Cause Longer Waits at the Panama Canal
Implementation of new freshwater conservation surcharge at the Panama Canal has doubled typical wait times for clean tankers at the Canal.
Higher transit prices have started to incorporate into and increase long-haul freight...
US Top Officials Warn Americans To Prepare for the Possible COVID19 Spread!
Top officials at the Centers for Disease Control and Prevention warned Americans that health experts foresee the novel coronavirus is spreading in the United States.
The agency said the number of cases in...
9 Year Deadline for the Arctic-Flagged Vessels, Ban Coming in 4 Years!
Use and carriage of heavy fuel oil in Arctic waters could be banned from July 2024 under draft amendments approved by the International Maritime Organization’s pollution subcommittee, reports the Lloyd's List writer Declan Bush
However,...
Scrubber Aids in 30% Bunker Cost Savings by Monitoring Fuel Prices!
According to an article written by Bunkerspot's Emma Broahurst, ADS Crude Carriers has saved $3.6 million since 1 January from its investment in scrubbers.
How did they do it?
According to ADS Crude Carriers:
‘From 1 January...
China Containers Stranded at Ports on Grounds of Documentation Woes
Following the coronavirus spread, thousands of containers reported to be stranded around Indian ports.
Since their cargo documentations which provide the details of the goods inside the container boxes are in the closed...
Coronavirus Has Affected Shipping Trade in Asia
Coronavirus has impacted shipping operations in the Indian subcontinent.
Export containers out of India that tranship at Colombo are not being picked up due to canceled sailings.
Closure of automotive component production facilities...