Industry Welcomes Nor-Shipping’s January Move
A Nor-Shipping in winter? Just one short year ago the suggestion would have been met with an air of disbelief. But now, with plans for Your Arena For Ocean Solutions to take place in...
Investors Want Seafarers’ COVID Crisis To End
A group of leading investors on Wednesday called for an end to a crisis involving hundreds of thousands of seafarers stuck on ships for many months due to COVID-19, warning that the situation was...
ONE Containership Fleet Makes Extra Calls To Conduct Crew Change
Around 15% of containerships fleet of Ocean Network Express (ONE) made extra calls last year to conduct crew changes, reports Seatrade Maritime News.
Crew change crisis
The crew change crisis, which engulfed the shipping industry left...
Global Leaders Warned Off ‘Key Workers’ & Supply Chain Disruption
The fate of more than 200,000 seafarers who play a crucial role in keeping global trade flowing is being labelled a "humanitarian crisis at sea".
More than 300 firms and organisations are urging...
Shipping Corporation Debts, Should Shareholders Be Worried About
The Shipping Corporation of India Limited (NSE:SCI) does have debt on its balance sheet. But should shareholders be worried about its use of debt?
Shipping Corporation of India has net debt worth 1.9 times...
[Watch] Arecibo Radio Telescope Collapse
The massive Arecibo Observatory in Puerto Rico collapsed on itself overnight. The catastrophic failure had been predicted by engineers after the telescope suffered two major cable malfunctions over the last couple of months, risking...
U.S. Oil Industry Concerned, Biden Focuses On Clean Energy
Biden takes steps to pause sales of oil and gas leases on federal land, cancel the Keystone XL pipeline & expand the government’s fleet of clean-energy vehicles.
The U.S. oil industry is concerned...
Salvors Prepare For Third Slicing Of Capsized Carrier
Salvors continued last week to prepare for the third chain cut through the hull of capsized vehicles carrier Golden Ray (IMO 9775816), reports Insurance Marine News.
Work at the wreck site
Divers were removing debris and sediment...
CMES Reports $18.8m Estimated Total Loss
China Merchants Energy Transportation (CMES) reported an estimated total loss of RMB121.6m ($18.8m) across 14 bulkers it has chartered in, reports Splash 247.
About the loss
According to CMES, the losses were reported to be from:
...
Shattered Schedule Recovery Resulting Delayed Sailings
More ships are being held at departure ports in Asia for a week or more, as carriers wrestle with the recovery of their shattered schedules, says an article published in the loadstar.
Warning More Sailings...