Top 19% of the Most Expensive Vessels Account for 50% of the Global Fleet...
VesselsValue.com currently values the world fleet at $686,712 million.
A full 50% of that value, some $343,356 million, is contributed by just the top 19 percent of the world's most expensive vessels.
And the world's...
Cargo Ship Knocks Down Crane Docked at Port
A cargo ship reportedly collide with a crane which was docked at port while entering the port.
What happened?
The "BBC Wisconsin" allided with the quay in Vaasa on June 18, 2017, when entering port at...
Tanker to be Lightered and Raise Grounded Ship
On June 17 more than 200 tons of fuel were to be pumped into aft tanks in order to lighten and raise the bow of the grounded "Chemroad Journey".
What happened?
About 10,000 tons...
Vessel Speed Reduction Program Expanding to San Francisco
An ongoing initiative to cut air pollution and protect whales in the Santa Barbara Channel region is expanding to the San Francisco Bay area next month.
Starting July 1, the Santa Barbara County Air Pollution...
IMO Needs to Finalise Ballast Water Implementation Dates
The global shipping industry – as represented by the International Chamber of Shipping (ICS) – has urged its global regulator, the International Maritime Organization (IMO), to back a carefully crafted proposal, from a broad...
Stowaway Fire Ants Inside a Container Killed
An estimated 100 fire ants, a venomous invasive alien species, were found and killed at Kobe's Port Island on June 16, according to Environment Ministry officials.
Invasive species:
The episode comes about a month after an...
VOC Fuel for Teekay Shuttle Tankers
Teekay is to employ batteries and volatile organic compounds (VOC) as fuel for a series of up to four shuttle tankers after receiving a NOK132.9 million (€14.0 million) grant from Norway’s state-owned innovation platform...
Baltic Index Tamed by Weak Capesize Rates
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight day as capesize ship rates continued to decline.
The overall index, which considers rates for...
China-Europe Spot Market Ignores Second June Rate Increase
China-North Europe and Asia-Mediterranean spot rates dropped by 6 percent this week as the market shrugged off another attempt by carriers to push up the freight-all-kinds (FAK) rate on both trades.
Several carriers announced that...
Ship Exhaust Gas Scrubber Market Development Trends
Ship Exhaust Gas Scrubber Market provides in depth analysis of the industry overview with market growth analysis, revenue, demand and supply data. Global Ship Exhaust Gas Scrubber Market report states about the manufacturing process...