First Overboard Box Incident Of 2022

New evidence has emerged as to the cause of the container collapse on the ONE-operated Madrid Bridge. It has the dubious distinction of being the first overboard box incident of 2022. A Loadstar news states...

Boxship Rates Reach New Heights And Why?

A Splash news source written by Sam Chambers states that Containership charter rates are storming to new record highs with demand for tonnage described as frantic. Alphaliner report “All sizes are seeing rates firming strongly, with,...

The Baltic Exchange’s Dry Bulk Sea Freight Index Falls

  A recent news article published in the Yahoo News states that the Baltic Exchange's dry bulk sea freight index fell to its lowest level in a year on Wednesday, pressured by lower rates across...

400,000 Liters Of Oil Leak In Ocean, Operation Underway

An operation is underway to contain an estimated 400,000 liters (106,000 gallons) of crude oil that has leaked off the coast of Rayong, Thailand. The leak occurred at an undersea near the town...

MOL Rolls Out Monitoring System To Prevent Ship Accidents

Mitsui OSK Lines (MOL) is working with maritime software and data analysis provider Napa and class society ClassNK to develop a navigational risk monitoring system which will be adopted by MOL’s 700-vessel fleet to...

High Gas Prices Burden Fuel Availability Amid Rising Operating Costs

European gas values at historic highs Refiners, utilities turn to fuel oil Tight supply drive record high bunker prices High gas prices have been raising costs for the production of very low sulfur fuel...

World’s First Hydrogen Shipment in Loading, To Leave Soon

Global first for liquid hydrogen To load about 70% of capacity Goal of 225,000 mt/year by 2030 Japanese hydrogen tanker Suiso Frontier is currently loading a cargo of liquid hydrogen at the Australian port...

Maersk Supply Service Launches New Offshore Charging Station

Maersk Supply Service, a part of A.P. Moller-Maersk, is launching its offshore vessel-charging venture, Stillstrom. Stillstrom will support the decarbonisation of the maritime industry by eliminating idle emissions. Together with Ørsted, Stillstrom will...

Maersk – The Vertical Consolidation Bluff

Hardly a day goes by when the risk of the ocean carriers invading the freight forwarding space, one way or another, seems to become more real, reports the Loadstar. Background And while the narrative is the...

CMA CGM Signs 10 Year LNG Bunkering Contract

French container line CMA CGM has signed a ten-year contract to make it a key user of China's first LNG bunkering operation, says an article published in Ship&Bunker. Signing Ceremony The company signed a deal with...