Product Tanker Collides with Lock’s Gate
A product tanker reportedly collided with Southern Lock’s gate during transit.
What happened?
The product tanker Atlantic Mate collided with Southern Lock’s gate at Brunsbuettel during transit through Kiel Canal in southern direction. The vessel suffered...
Marine Industry: Outlook for 2017 and Beyond
Really, very major regulatory changes have been initiated in 2016 and their effect is going to reverberate for the next several years. The Ballast Water regulation has come into force. The 0.1% Sulfur limit...
Lake Michigan Shipwreck Graveyard Nears Federal Sanctuary Status
A proposed National Marine Sanctuary in Lake Michigan is nearing reality.
On January 6, the National Oceanographic and Atmospheric Administration (NOAA) announced plans to designate up to 1,260 square miles of Lake Michigan along the...
Cargo Ship Hits Dock in Port Aransas
The Coast Guard is investigating a collision involving a large cargo ship last night in Port Aransas.
The vessel was heading out into the Gulf when it lost propulsion so the crew dropped anchor...
Ship Owners to Pay $1.6m for Oil Slick Clean-up
It will cost about RM5 million ($1.6 million) to clean up the oil slick in the Pasir Gudang waters off Johor, and the owners of the two container ships involved in the spill will...
Japanese Shipping Giants Show Little Optimism for 2017
The heads of Japan’s three largest shipping lines addressed their employees as the nation headed back to work. The mood among the three was decidedly sombre, albeit with a grim determination to transform their...
Shipping Industry Confidence Improves – with Caveats
Operating cost movements are central to shipping’s fortunes.
Shipping has certainly lived up to its reputation for volatility during the past twelve months. The quarterly Moore Stephens Shipping Confidence Survey showed industry confidence improving for...
2016 Was Charter Market’s Worst Year Ever
Maritime analyst Alphaliner has called 2016 the worst year on record for the container charter market as charter rates tumbled to historical lows for certain ship sizes, with little prospect for improvement during 2017...
The Shipping Market in 2016 and Looking Forward
The longer global economic growth remains weak and lacks investment, the lower future growth potential for shipping.
For eight years, the world has struggled to cope with huge changes and challenges brought around by the...
Ballast Water Discharges in the US to Grow as LNG Exports Boom
Growing LNG exports from the US could “drive a massive increase in ballast water flux to the US” resulting in “large effects on transfer of non-native organisms,” according to researchers at the Smithsonian Environmental...