Korean Shipyards Brace for Another Tough Year
The CEOs of South Korea’s top three shipyards have given their new year’s addresses to employees and have warned of another tricky 12 months ahead.
Kang Hwan-Gu, CEO of Hyundai Heavy Industries (HHI), warned: “Competition...
New Year, New Outlook for LNG
by Karen Thomas
January is traditionally a time to look forward. And so LNG shipping turns its focus to the year ahead and to the developments and the trends that will shape our market.
LNG World...
Drewry: Breakbulk Rates to Rise by End of 2017
Multipurpose shipping freight rates to improve by end 2017
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container...
UFO Collision in Seas! Claims Five Skippers
The adventurers that seek races and records when circumnavigating the world once had only two worries – fierce storms and drifting ice. But a third foe might now be the worst – unidentified floating...
Oil Spill and the Threat to the Ecosystem
Incident:
The 147,000 tonne oil tanker Sea Empress ran aground on February 15th 1996 at 8.07 pm, despite being under the control of one of Milford Haven’s harbour pilots.
Causes for Oil Slick:
The 147,000 tonne oil...
[Watch] Two Ships Collide Near Johor, Trigger Major Oil Spill
Two container vessels, one of them Singapore-registered, collided off Pasir Gudang on Tuesday, resulted in nearly 300 tonnes of oil spill. Maritime and Port Authority of Singapore said that 12 anti-pollution craft with dispersant...
Swansea Shipping Container ‘Box Village’ Plans Unveiled
Plans for a "box village" built out of shipping containers in Swansea have been unveiled.
The scheme would form part of the £300m University of Wales Trinity Saint David development on the SA1 waterfront.
It would...
Carnival Forecasts Average Bunker Price to Rise 32% in 2017
Carnival Corporation & plc announced U.S. GAAP net income for the full year 2016 of $2.8 billion, or $3.72 diluted EPS, compared to $1.8 billion, or $2.26 diluted EPS, for the prior year. Full...
Maersk, Alibaba Team up to Offer Online Booking of Ship Places
Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.
Maersk, a...
Cargo Ship Collides, Oil Slick Moving Towards Singapore!
Cargo ship collision leads to oil leakage
A Singapore-registered, container vessel Wan Hai 301 and a Gibraltar-registered, container vessel APL Denver collided last night off Pasir Gudang Port in Johor, Malaysia.
What happened?
The collision occurred when...