Reject EU Emissions Trading System says ICS
The International Chamber of Shipping (ICS) – which represents over 80% of the world merchant fleet – says it is ‘disappointed but not surprised’ by vote in the European Parliament to propose that international...
300kg Waste Cleared from 56-year-old Shipwreck
Teams of scuba divers on Sunday joined a Sharjah Aquarium initiative to remove waste from a large shipwreck that has become an important marine habitat and popular diving site.
The cargo vessel MC Dara exploded...
Long-term Freight Slump Taking Toll
Thousands of containers were left stranded in late August, including many carrying grain, when Korea’s Hanjin Shipping declared bankruptcy. As supply chains unraveled and the costs of locating and retrieving cargo grew, it finally...
Countdown to the Next Dilution
By Short Only
Summary
DryShips' 4th quarter was bad, but there were no surprises.
The company's future plans are problematic because it will be in another cash shortage soon.
The CEO continues his self-dealing, to the...
Collapsing Orders for New Ships Set to Hasten Market Rebalancing
Investors’ confidence in market prospects dramatically weakened last year, resulting in orders for new ships in the main sectors completely collapsing. Fading optimism about future investment returns, and a more widely held belief that...
Improving Demand to Ease Oversupply in Dry Bulk Shipping
With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster, published by global...
World’s Great Bucket List Cargo Ship Travel Experience Extended
Bucket list experience lives on as ship to remote St Helena gets a 1yr reprieve - but you'll need 3 weeks
One of the world's great bucket list travel experiences is getting a year-long reprieve...
[Watch] Overseas Experts Fly in to Fight Ship Blaze
Specialist hazardous cargo fire experts have been flown in from London and Austria to assist with extinguishing the fire aboard a container ship docked at the Port of Ngqura. The fire is active but...
Ship CO2 Emissions Check with Emissions Trading System
MEPs backed reforms of the EU emissions trading system (ETS) that will, for the first time anywhere, regulate international ship CO2 emissions as well as significantly tighten the cap on aviation emissions. Transport &...
Does Your Ship Store Lubricants in the Steering Gear Room?
We have seen this for decades now where steering gear room has been a sweet spot to store lubricants. There are two important points to consider:
Are the fire fighting systems & protection adequate...