Avance Gas Offloads Another VLGC
Norwegian shipowner Avance Gas has sold the 2008-built very large gas carrier (VLGC) Providence to undisclosed buyers, reports Splash 247.
Delivery and cash proceeds
The vessel will deliver in May this year and generate around $24.3m in...
Shipowners Continue To Profit From Russian Shipments
Seaborne trade with Russia had dropped by 58% since the invasion of Ukraine began.
The accusations have been denied by Ukrainian authorities.
Small grants are already available to seafarers and their families who...
[Watch] Boeing 737 Carrying 132 Nosedives 29,000ft Vertically At 400mph
The shocking moment a passenger plane carrying 132 nosedives vertically into a mountain at 400mph.
Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice...
Russia Weighing Use of Chemical Weapons in Ukraine?
The Russian embassy in Washington did not immediately respond to a request for comment.
Russia's defence ministry has accused Kyiv, without providing evidence, of planning a chemical attack.
Hundreds of thousands of civilians...
Tufton Spends $25.5 Million To Add A Bulker
Following profitable containership sales earlier this year, Tufton Oceanic Assets has invested $25.5 million to add one additional handysize bulk carrier to its portfolio as reported by Splash 247.
Fixed-rate
The London-listed fund said it paid...
China Demands Microsoft’s Bing To Suspend Auto-suggest Feature
China has ordered Microsoft Corp's (MSFT.O) Bing, the only major foreign search engine available in China, to suspend its auto-suggest function in China for seven days, reports Reuters.
Second of its kind
The suspension marks the...
Climate Change Impact Could Cost Shipping $25B Per Year
A new report, authored by RTI International for Environmental Defense Fund (EDF), reveals that the global shipping and port industry is susceptible to billions of dollars in infrastructure damage.
The report “Act Now...
What Is Boiling Liquid Expanding Vapour Explosion (BLEVE)?
BLEVE is a vapour explosion which may result from a catastrophic failure of a tank structure, which was containing cargo liquid above the boiling point at nominal atmospheric pressure.
The most common reason...
Errors In The Chemical Tanker’s Voyage Plan Lead Grounding
The investigation by the UK’s Marine Accident Investigation Branch (MAIB) into the grounding of an 11,939-gt chemical tanker on 25 October 2021 in southern England. The Liberia-registered tanker struck the Shingles Bank while transiting...
[Answer] What Is High Sea Sale In Shipping?
The term ‘sale’ is generally described as the exchange of goods or services for financial consideration. It does not mention where a transaction should take place to qualify as a sale. Hence, it must...