TANKER REPORT VLCC Basis 270,000mt AG/China rates slipped to WS 52, with talk of 2004-built tonnage agreeing WS 49.5. Total fixed to Japan at WS 50, while Korea also went at WS 50. For USG rates also...

Sold to Leaseback Marine transportation company d'Amico International Shipping (DIS), subsidiary d'Amico Tankers has signed for the sale and leaseback of the "High Loyalty" for a consideration of US$ 28.5 million. "High Loyalty" is a 49,990DWT...

Harvey Gulf offered a merger deal to Gulfmark. The Gulfmark-Tidewater merger in July, this year has created the largest OSV fleets with 10.7 years average age. The merger with Harvey Gulf will provide...

The overall value of bulk carriers on the water remains higher than the global Tanker fleet. However, the amount of money being invested in new Tankers outweighs the interest being reported in the dry...

The Golden Eagle Shipping LLC has sued Norvic Shipping International Ltd seeking more than half-million dollars for damaging its vessels. What happened? In May 2018, the companies entered into an agreement stating that Golden Eagle agreed...

Certain places located on the high seas have a reputation for swallowing ships whole. The Bermuda Triangle, the treacherous Arctic Sea and the Colorado Desert. Yet, despite the lack of shipping lanes through the...

On August 5, a cargo vessel ran aground near the shores of the Legazpi City due to adverse weather conditions. What happened? The cargo vessel ‘MV Jerlyn Lily’ ran aground just 100 meters from the shores...

Entrepreneur Beverly Gumbi who is dubbed as the ‘Container Queen’ has been nominated for Entrepreneur of the Year award. Rise to Glory Ms.Beverly Gumbi has etched a name for herself in the male-dominated industry of container...

U.S. Coast Guard and U.S. Environmental Protection Agency held a public workshop to train agencies for the IMO 2020 deadline. More than 36 people attended the workshop with a few attending via telephone. ...

Watch the video of Rough Sea! Ship in bad weather. A container ship pillages through rough sea as the North Atlantic storm prevails. The storm at North Atlantic sea was strong enough to shake the mighty...