Cargo Ships Could Save Thousands By Skipping The Suez Canal

As per the news report, the low price of oil is making cargo vessels to avoid the costly tariff travel by Suez and Panama Canals and takes the extended travel round Africa. From October last...

Brunei; Asia’s Newest Trade Hub

Brunei is a tiny nation independent in oil and gas revenues.  This year, marks 25th anniversary of ambassadorial relations between Brunei and China and Brunei’s leaders are very curious to become a part of China’s Oceanic...

Testing Times For The New Panama Canal!

The U.S controlled 80 kilometer (50-mile) canal which handles 6% of the global trade is likely to double its trade after the completion of expansion.  The newly expanded areas of the Panama canal will...

The Tragedy Of The Whaleship Essex

Essex was an American whaler from Nantucket, Massachusetts, launched in 1799.  The ship was 88 feet (27 m) long and measuring about 239 tons burthen, she was small for a whaleship. On 20 November 1820, a...

Explosion At Bunker Storage Tank In Port Of Antwerp  

An explosion of a solid waste storage bunker containing solvents happened at the industrial waste treatment plant in Port of Antwerp, Belgium.  The whole plant was burnt down during the fire and setting aflame...

Bulk Carrier Sinks Off Shanghai, 12 Rescued

A Chinese bulk carrier capsized and sank 2 nautical miles off Yangshan Port of Shanghai at Jinshan fairway. Accident  : Vessel Capsized Vessel type : Bulk Carrier Location : 2 nautical miles off Yangshan Port of Shanghai Casualties/Pollution : None reported En route :...

Verification Of Emission Control Measures By China MSA

The China Maritime Safety Administration has issued notice to enhance supervision and administration to specify the requirements of the ships anchoring  in ports to provide guidance to local MSA (Maritime Safety Administration) offices on...

Two Hours Of Survival In Two Minutes!

The footage shows the Yarmouth RNLI all-weather lifeboat team rescuing the 22ft White Osbeat and its two passengers. The yacht was sailing off Hengistbury Heading north west of the Needles in the bay off the...

Energy Efficiency & Energy Conservation are not the Same!

The shipping sector faces unprecedented challenges from regulatory regimes to meet ambitious and zealous environmental objectives. Given its global scale, there is a need to bring in a voice of reason on what is...

50 Loaded Tankers Await At Rotterdam – Where Bankruptcy & Bulker Fleet Cohere!

Greetings readers. Hope you have enjoyed reading our market watch sent yesterday. In case if you have missed out, please click here to read it to stay updated with crisp current shipping market information. So, here we...