Capesize A week of largely unfulfilled expectations with holidays is again curbing activity. Rates remained essentially healthy, but despite bad weather in China, possibly causing disruption to schedules rates on the major West Australia/China routes,...

Greece completes ESM’s €61.9bn (£55bn; $70.8bn) bailout programme. The economy has grown slowly in the past 3 years and is 25% smaller than before. ESM’s chairman Mario Centeno declared that no follow up...

Gulf Navigation holding has entered two of its petrochemical tankers into the dry dock for the mandatory five-year maintenance. This includes major upgrades to the two carriers in order to enhance the company's competitiveness...

On August 17, the Danish shipping giant A.P. Moller-Maersk confirmed that it would spin off its offshore drilling operation and list the unit in Copenhagen next year to focus entirely on transport and logistics. Profit...

The industrial service provider Bilfinger is planning to conquer new markets due to its scrubber technology. Secured several contacts The service provider group has secured several contracts from various Greek maritime companies. The company has identified...

On August 19, a British woman was rescued from sea after she fell off a cruise ship. The woman had been struggling for ten hours until she was rescued alive by Croatian coastguard. What happened? The...

On August 13, a tanker was reported missing in the Gulf of Guinea and efforts on contacting the vessel went in vain. What happened? The tanker ‘Pantelena’ was travelling in the Gulf of Guinea when...

Weekly Tanker Market Report The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry. The task gets even more complicated as Worldscale flat rates are reset at...

Summary On 12 July 2017, the Maltese registered container ship Kea Trader ran aground and stranded in position 22° 02.28' S 168° 38.25' E (Recif Durand) in the Pacific Ocean. At the time, the vessel...

 A PASSENGER FERRYBOAT near the Turkish city of Canakkale Turkey, suffered engine failure on Thursday morning and is unable to transport passengers to Gallipoli WWI battlefield, north of the narrow strait. Disclaimer: This video is...