Wärtsilä’s Unprecedented Partnership with Carnival Corporation: The Deal That Has Only Winners Mr Tomas Hakala, Vice President, Services, Wärtsilä 79 ships, over 400 engines and one of the largest fleets in the world. After three years...

On Thursday, a young crew member had reportedly committed suicide by hanging himself in his cabin aboard a cruise ship when it was docked. What happened? A young crew member aboard the ‘Costa Magica’ vessel which...

An LPG carrier reportedly caught fire while it was on its way to Russia. What happened? The LPG carrier named ‘Navigator Leo’ caught fire in the Gulf of Finland about 20 nautical miles south-west off Port...

ClassNK issues Type Certification for LED floodlights for Port Facility-use to Stanley Electric Leading classification society ClassNK has issued the first Type Certification for LED floodlights for port facility-use to Stanley Electric Co., Ltd., in...

ABS, a leading provider of classification and technical services to the marine and offshore industries, is providing resources that could dramatically improve safety on containerships with the enhanced ABS Guide for Certification of Container...

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...

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...

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...

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...

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...