Bulk Carrier Runs Aground in Greece
In the early hours of June 8, 2017, a Bahamas-flagged bulk carrier laden with sulphur reportedly ran aground off Greece.
What happened?
The bulk carrier St Gregory ran aground on Kokkala beach in south-eastern Peloponnese, Greece....
Crippled Container Ship Salvaged by Tugs
A 5,278 ton container ship F.Arslan V broke down off Lavernock Point and two tugs were called out to try to bring her back into port.
What happened?
The ship had sailed from Cardiff bound for...
Shipping Money Makes The World Go Round…
The vast majority of the world’s trade in goods is moved by sea, and it has long been recognised how shipping is a critical element of the global economy, providing the connection between producers...
Newbuilding Market Picks Up as Tankers Steal the Show
Shipowners and other market players appear to be loading up on newbuildings. In its latest weekly report, Allied Shipbroking said that “we still seem to have a market mainly driven by major deals, with...
Wealthy Kingdom in the Gulf Diplomatic Storm
Key facts about Qatar: Wealthy kingdom in the Gulf diplomatic storm
Several Middle Eastern countries, including Saudi Arabia, Egypt and the United Arab Emirates, on Monday (June 5) cut ties with Qatar, a small Gulf...
Challenges Faced by Five German Shipping Banks
The five biggest German shipping banks face towering difficulties as the scope of their non-performing loans to ships is growing, notes rating bureau Moody's in a report based on the banks' published annual reports...
Baltic Dry Index Turns Higher After Long Losing Streak
The Baltic Dry Index turned higher on Wednesday after weeks of losses as the physical markets for BDI component ships finally found some stable footing.
According to Freight Investors Services, on Wednesday, capesize rates were...
Why Printers Add Secret Tracking Dots?
On 3 June, FBI agents arrived at the house of government contractor Reality Leigh Winner in Augusta, Georgia. They had spent the last two days investigating a top secret classified document that had allegedly...
Big Advantages Claimed for First Rectangular Scrubber
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have jointly developed a large-scale rectangular marine scrubber that efficiently removes sulfur oxides (SOx) from the exhaust gases emitted by marine diesel...
Advisory for Indian Nationals in Qatar
On 5th June 2017, Saudi Arabia, UAE, Bahrain and Egypt announced that they were cutting diplomatic relations with the State of Qatar, along with closure of air/sea/land travel links with the State of Qatar....