Wages for Chinese Seafarers Continued To Soar for These Reasons
Given China’s strict Covid-19 border controls demand for Chinese seafarers to crew newbuildings leaving the nations yards has risen sharply over the last two years.
The world’s largest shipbuilding nation continues to operate...
Insurance Company Warns Of Old Containers Pressed Back Into Service
A Splash 247 news source by Sam Chambers says that safety warning as old containers are pressed back into service.
Warning from insurance company
TT Club, an insurance company, has warned on the risks of more...
Spot WAF Gasoline Demand Leads To LR Tankers Capitalization
West Africa replenishing depleted gasoline storage
Trans-Atlantic rates could be pressured lower
A Platts news source says that LR tankers capitalize on spot WAF gasoline demand leaving smaller ships reeling.
Weakening Long Range tankers west...
LNG Vessel’s U-Turn To U.K Highlights European Energy Crisis
Getting LNG to gas-starved Europe is so profitable that one tanker carrying the fuel made a U-turn in the Pacific Ocean, crossed the Panama Canal twice and spent nearly $1 million in tolls...
Record Amount of Illegal Drugs and Weapons Seized By U.S. Naval Forces
U.S. and international forces operating under U.S. Naval Forces Central Command, U.S. 5th Fleet, and Combined Maritime Forces (CMF) seized record amounts of illicit cargo including illegal drugs and illicit weapons during maritime...
Shipping Giant Dismisses ‘Baseless’ US Lawsuit!
Mediterranean Shipping Co (MSC), the world’s largest containerline, has hit out at the “baseless complaint” made by an American decor manufacturer in a long running spat, reports Splash247.
MSC's $600,000 lawsuit
Splash reported last August Pennsylvania-based...
‘Guidance for Innovative Energy Efficiency Technologies’ Revised
At the 77th session of the IMO Marine Environment Protection Committee (MEPC77) held in November 2021, "Guidance on treatment of innovative energy efficiency technologies for the attained EEDI and EEXI" was revised, reports ClassNK.
Guidance...
TT Club Reports A Rise in Differing Cargo Theft Types
The international freight and logistics insurer TT Club has conducted a study for cargo theft in the US with data from the third quarter of 2021, showing that storage facilities targeted in 45% of...
Castor Maritime Announces $55.0m Debt Financing & New Charter
Castor Maritime Inc. announces the closing and drawdown of a $55.0 million senior term loan facility with a European bank (the “$55.0 Million Financing”), through, and secured by, five of its dry bulk vessel...
Empowering Chartering & Marine Operations Worldwide
Q88 website presents a customer case study of Sokana.
Sokana tanker management company
Sokana is a commercial tanker management company renowned for operating and trading excellence. With a lineage dating back to 1989, their company was...