Strong winds caused a 366-meter-long containership to break free from its moorings and run aground at the Port of Prince Rupert in British Columbia, Canada, reports GCaptain. Ship refloated The incident took place Wednesday afternoon at...

Naphtha sentiment is mixed Naphtha CIF NWE closed at $662/mt on Nov. 26, down 10.1% on the day and $75/mt. Despite the more bearish sentiment observed in naphtha outright prices, and particularly for...

The COVID-19 pandemic has caused logistical headaches for global shippers thanks to raised transport costs, quarantine measures and extra paperwork, reports Al Jazeera English. China's zero-tolerance approach to the coronavirus has not helped: in May...

Rotterdam​ city centre sits a few miles inland from the North Sea, its skyscrapers and office buildings lining the New Meuse River, a tributary of the Rhine. The depots are owned by companies...

This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I Club, and the latest from the International Maritime Organization (IMO). Every...

Drewry’s composite World Container index remained steady at $9,186.39 per 40ft container this week. Drewry’s detailed assessment for Thursday, 25 November 2021 The composite index remained stable this week, but remains 224% higher than a...

Alfa Laval and Orcan Energy have signed a cooperation agreement regarding sales of marine energy efficiency solutions based on Orcan’s Organic Rankine Cycle (ORC) technology, says a press release published on their website. Way to...

New orders for ships have been won by South Korea's midsized shipbuilders. It is more than doubled in the first 10 months of the year from a year earlier after finalizing their sale...

Huge hikes in FAK rates over the past 18 months follows, as oil prices surge. Shippers now face significant increases in bunker surcharges . A recent Loadstar news by Mike Wackett states that shippers...

Greek shipping magnate Philip Alexander Embiricos Coumoundouros died peacefully in Paris on November 20. He was 78 years old. A Greek Reporter news source has revealed that Greek Shipping Legend, Philip Embiricos, Dies at...