Vessel Arrested for Alleged Violation
Hong Kong-flagged vessel seized by South Korea, circumventing allegations surface
South Korea Seizes a Hong Kong-flagged vessel on charges of transferring oil.
China denies charges of illegal oil transferring to North Korea.
The US...
Hopes and Fears for 2020 – What to Expect from the Global Bunker Market
A global bunker meet at IBIA’s Annual Convention in Singapore in November and at the Platts 6th Annual Mediterranean Bunker Fuel Conference in Athens at the end of November/early December has optimistic conclusions.
IBIA’s IMO...
Harmony of the Seas is “Best Large Cruise Ship” of 2017
Royal Caribbeans Harmony of the Seas wins “Best Large Cruise Ship” of 2017 and got more votes than other large vessels in the industry.
Harmony of the Seas is operated by Royal Caribbean and the...
Swiss Maritime Fleet Struggling to Stay Afloat
The Swiss maritime fleet is reportedly facing financial difficulties and struggling to stay afloat.
Encounters loss:
The Swiss fleet has come under challenging economic times for quite a while with around thirteen ships having already been...
Large Cargo Ship Runs Aground Off Clayton
On December 27, a large cargo vessel was reportedly trying to stay afloat and subsequently ran aground.
What happened?
The large cargo vessel ‘Pacific Huron’ reportedly ran aground in the St. Lawrence River just west of...
Ship’s Captain Found Drunk Four Times Over Limit
A sea captain who was reportedly found drunk at sea and on duty has been fined £1,000.
What happened?
The 38 year old captain, Patryk Tetzlaff was found drunk four times over the limit while piloting...
Why Build the New Eurasian Land Bridge that Makes No Economic Sense?
If there's one thing China does well, it's infrastructure. And one of China's biggest infrastructure projects is the New Eurasian Land Bridge (NELB) connecting Chinese exporters to European markets. The NELB consists of a series of...
MPA Steps Up Vessel Checks to Ensure Safety
Singapore waters can be choppy this time of the year, but more people still head to the sea for leisure and other purposes.
To ensure that everyone stays safe, the Maritime and Port Authority of...
Ship Glut to Hamper US-flag Market
Freight rates for ocean-going tankers and barges that carry oil between US ports could remain depressed in the next six months as the Jones Act market struggles to absorb the glut of tonnage on...
d’Amico Tankers Sale and Leaseback Generates $13.4 Million
Tanker owner and operator d’Amico Tankers has reached a memorandum of agreement and bareboat charter contract for the sale and leaseback of a medium-range product tanker vessel for USD 28 million.
The deal, reached with...