Deals and M&As this Week: Port of Bellingham, Fincantieri, CMA CGM Group
In a recent development, Port of Bellingham and Ports America have signed a service contract and Fincantieri secured a contract from Virgin Voyages.
The Bellingham Shipping Terminal
Port of Bellingham and Ports America have signed a service contract...
Ship Owners Started Testing with 0.5% Sulfur Bunker Fuel
According to a Platts report, Asian ship owners have started taking 0.5% sulfur low sulfur bunker fuel. This comes at a time when we are headed for IMO 2020 deadline in less than 2...
3 Die in Cargo Hold of Japanese Cargo Vessel
Three male crewmembers of Filipino nationality, died in cargo hold of Japanese timber carrier.
What happened?
Three male crewmembers, who had been working at cargo hold in a Panama flagged general cargo ship APPOLO KITA, became...
GSBN Blockchain Vie with Maersk-IBM Blockchain Group
Ocean Alliance starts own blockchain group, firing shot across bow of Maersk-IBM alliance. New group floats alternative blockchain solution for container trade, says Michael Angell in an article for Freight Waves.
Idea behind Ocean Alliance...
Container Shipping Alliances Under Scrutiny
A report issued by the International Transport Forum which studies the Impact of Alliances on Container Shipping has come under fire from the World Shipping Council (WSC).
WSC accused ITF, an amalgamation of 59 countries...
Weekly Market Report
NWE/MED
The NWE coaster market continued in a similar vein as last week, with a number of smaller coaster parcels quoted and fixed. Petchem products appeared to dictate more in the market as a number...
Maersk’s Sekstant Launch a “Significant Breakthrough”
According to media reports, Maersk Container Industry (MCI) is all set to launch their new Sekstant Global Guidance system for reefer digitalisation next year.
This roll-out is the most significant technological breakthrough since the introduction...
[Watch] Tanker, Frigate Collide Off Norway! Oil and Gas Plants Shut
On November 8, an oil tanker and a Norwegian navy frigate collided off Norway's west coast, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas...
Pirates Attack Bermudian-registered Tanker
On November 6, a Bermuda registered tanker was attacked by pirates near Nigeria.
What happened?
The Bermudian-registered LNG tanker 'River Niger' was attacked by pirates in the Gulf of Guinea, Nigeria.
The armed pirates approached the vessel by...
Bulk Sector Prospects Positive But Challenges Ahead
Last week, the delegates attending the Bulk Terminals 2018 learned about the real condition of the bulk sector. The bulk sector is said to have been navigating its way out of the doldrums. However,...