Ship Arrested for €95,000 Claim
In July 2017, a vessel belonging to an Estonian company was seized after it was sued by the owners over claiming an interest.
What happened?
The vessel ‘MV Lady Magda’ was seized in the Irish waters...
Scrubbers: Are you Ready for the Heat?
Scrubber suppliers confirm the trend behind recent announcements – ship owners are finally making investment decisions. But the scramble for installations ahead of 2020 will create winners and losers, writes Stevie Knight.
“I think the...
Sunken Treasure Ship Discovery Reports Roil Some Korean Stocks
It doesn’t take much to rev up the imaginations of South Korean day traders. And when rumors were fanned that a ship carrying $132.5 billion of gold had been found off the country’s coast,...
[Watch] Ship Catches Fire Near Marina Barrage
A ship caught fire on the waters off Marina Barrage on Monday (July 16).
Stomper Karthik alerted Stomp to the incident and shared photos and a video he had taken of a vessel firing a...
It’s a Cargo Tank
The liquid-tight shell designed to contain the cargo.
- Deck tank – A cylindrical gravity cargo tank, secured to transverse cradles on the cargo tank deck and used for specialised cargo.
- Gravity tank – A...
Maritime Sector Struggles to Maintain Workforce
The maritime shipping sector is facing difficulties caused by strong drops in its workforce.
Statistics of the Vietnam Maritime Administration (VMA) showed the workforce of the industry dropped from more than 45,000 in 2014 to...
Scorpio Sale and Leaseback Seven Product Tankers
Scorpio Tankers Inc. announced that it has agreed to sell and leaseback six MR product tankers (STI San Antonio, STI Benicia, STI St. Charles, STI Yorkville, STI Mayfair and STI Duchessa) and one LR2...
New Vessels Order Plunges, Hits $10 Billion in H1 2018
Global build orders for new ships have been estimated at about $10billion in the first half (H1) of 2018, the lowest in the last two years.
A new report released by Vessels Value, an international...
Total is Second-largest Global LNG Player
The Paris-based energy major Total has completed the acquisition of Engie’s portfolio of LNG assets in a deal valued at US$1.5Bn. Additional payments of up to US$550M could be payable by Total if the...
Suez Canal 5 Ships Mess with Triple Collision
On July 17, the traffic in the Suez Canal was brought to a halt after the grounding of a Hong Kong-flagged container ship.
What happened?
The vessel ‘MV Aeneas’ ran aground in the Canal, causing congestion...