Runaway Bulker Hit and Sank Three Anchored Vessels
On October 9, a bulk carrier collided with three anchored vessels which resulted in the sinking of the vessels and four people being missing.
What happened?
The Panamax bulk carrier 'Guo Yuan 1' collided with three...
Thales UK Opens New Maritime Autonomous Systems Trial Centre
Thales UK has opened its new Maritime Autonomous Systems Trials and Evaluation Centre at Turnchapel Wharf in Plymouth.
Exploration of technologies
The centre will be used to build on Thales’ existing autonomous systems work as it...
Carriage Ban Critical for 2020 Success
Trident Alliance Chair, Roger Strevens in a news article, says that Adoption of IMO’s ‘Carriage ban’ on non-compliant fuel without delay is critical to the successful implementation of the 2020 0.50% global sulphur cap.
Environment...
Maersk Oil Trading Hires Asia Storage Before 2020
The World's top ship fuel buyers, Maersk Oil Trading has hired an oil storage facility in Singapore to provide fuel to customers in Asia ahead of the new ship fuel regulations.
Sulphur rule
The International Maritime Organization...
Market Consolidation in Container Shipping: What Next?
Mergers, acquisitions, expansions, reshuffling of shipping alliances - these are the things that's plaguing the global container shipping industry over the past two years. As per media reports there is potential for more consolidation,...
Keels Laid for Europe’s Biggest Butane Tankers
Work has begun on Europe’s two largest-ever butane river tankers, at the VEKA shipyard at Lemmer (Netherlands). Each vessel is around three times the size of today’s typical Rhine barges.
The new Butane tankers
The result...
Chelsea Buying 6 More Vessels for $100m in 3 Years
A recent news article says, Chelsea Logistics Holdings Corp. will acquire six additional vessels for $100 million over the next two to three years.
Unserved and underserved routes
CLC president and chief executive Chryss Alfonsus Damus,...
Hurricane Condition WHISKEY Retained
Hurricane Condition WHISKEY remained in effect in the ports of Fernandina and Jacksonville.
The latest National Hurricane Center forecast predicted the Hurricane Michael's closest approach to northeast Florida and southeast Georgia on Wednesday.
...
US Paraxylene to be Transshipped Via South Korea to India
Paraxylene cargo from USA is headed towards India instead of China.
The new import tariff plan in China has caused this shift.
The 10,000 mt cargo will be headed to India's Materials Chemicals...
Star Bulk Pioneers Green Loan to Retrofit 50 Scrubbers
The Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes has announced its entry into a $310 million loan agreement.
Agreement Specifications
The agreement includes a $70 million tranche...