TOTE Begins its Orca Vessel Conversion to LNG
TOTE Maritime Alaska becomes the first US shipping company to convert their vessels to LNG.
The company has started converting 2 of it’s Orca Class vessels into LNG vessels.
More such conversions are...
Crude Tanker Market Update: Focus on VLCCs
By James Catlin
Summary
Over the last couple years, the VLCC fleet has experienced significant growth leading to the current oversupply situation.
A thick orderbook looks to keep the market saturated with tonnage over the...
Taiwan’s Looming Shipping Problems
Taiwan appears to have a ship problem — not one like the Ching Fu Shipbuilding Co scandal, but one that poses substantial risks to the nation’s economy and its relations with the global community.
The...
Tanker Sold for a Dollar! Suspicion of Money Washing
Suspicions of money laundering has been raised after a tanker estimated at $ 1.8 million is being sold for only $ 1.
What happened?
The tanker in question is ‘Guazapa 1’ valued at $ 1.8 million...
Wilhelmsen Maritime’s Drew Marines Acquition Plan Runs Aground
Wilhelmsen plans to acquire Drew Marine could reportedly run aground after it was found that the deal could violate antitrust laws.
What happened?
It has been discovered by the Federal Trade Commission that the $400 million...
Europe Takes First Steps in Electrifying World’s Shipping Fleets
Since early 2015, a mid-sized car ferry, the MS Ampere, has been traversing the Sognefjord in western Norway from early morning to evening, seven days a week — without a whiff of smokestack exhaust or...
[Watch] CHILLING Footage of a Cargo Vessel Caught in Ocean Swells
CHILLING footage shows a huge cargo boat caught in spine-chilling ocean swells as the giant vessel is helplessly tossed around during a storm.
Disclaimer: This video is intended for informational purpose only. This may not...
How do Alliances Affect My Rates and Service Contract with a Carrier
An alliance is a group of ocean carriers joining forces to operate ships on some trade routes. Only the vessels and its operations are shared, and there are no commercial terms being shared.
Major alliances
As...
[Watch] 5 Key Questions to Consider in the Maritime Security Sector
Maritime security is one of the 17 major subjects for NATO, particularly with reference to the Mediterranean and the passage of immigrants and terrorists.
Increasing geopolitical tensions in maritime zones worldwide have created a strategic...
Top 4 Hook Awareness Checks to Avert Disasters
What Happened:
A routine operation was carried out to transfer a bulk hose between a platform and a PSV, with the help of the platform crane.
As the hose landed on the vessel deck, one of...