Shippers To Go Bankrupt With Skyrocketing Container Rates
Container rates sees a gain for the transpacific and Asia-Europe tradelanes.
For example, Shanghai Containerized Freight Index (SCFI) recorded further gains for the transpacific and Asia-Europe tradelanes.
Its combined reading is up another...
Dry Bulk Market Witness a ‘Turn Over’ Amid Reclining Orders
A step back from the intense SnP market is necessary from time to time to analyze and capture how fundamentals are influencing the dry bulk sector.
The Handysize sector has the healthiest newbuilding...
‘Mauritius Disaster’ Ship Captain Faces ’60-Year Sentence’
Cargo vessel MV Wakashio ran aground a reef on July 25th, and the bow section has been sunk into the ocean.
The ship remained stranded on the reef for about 3 weeks when...
NI Launches Key Guidelines on Bulk Carrier Ops
With the support of Intercargo and vetting organisation RightShip, The UK-based Nautical Institute has responded by publishing A Guide to Bulk Carrier Operations.
This highly practical guide draws on the expertise of more...
ClassNK Launches ‘Digital Smart Ship’ Guidelines
ClassNK released its “Guidelines for Digital Smart Ship,” which stipulates the procedures for class notations for ships with advanced digital technology.
The guidelines are part of the society's new initiative, "Innovation Endorsement", aiming...
World’s Largest Shipbuilders Merge
Singapore’s antitrust watchdog approved the merger of the world’s two largest shipbuilders.
CCCS has concluded the screening process.
The authorities decided to approve the deal without conditions.
The deal will be completed when...
Captain’s Disorientation Causes Collision Between Yacht and Ro-ro
The accident report released by Marine Accident Investigation Branch analyzes the collision between ro-ro passenger ferry Red Falcon and the moored yacht Greylag.
Summary of the Incident
On Sunday 21 October 2018 at 08:11, the roll-on...
[Watch] A Guide To Bulk Carrier Operations
The book is designed as “a comprehensive end-to-end guide to exemplary safety practices for Bulk Carriers and will be useful for shipowners, ports, terminals, charterers and associations,” explains RightShip General Manager David Peel. Join...
Vessel Enters Lock’s Closed Gate
General cargo ship rammed into Lock's closed gate while approaching Lock to enter it, via the Kiel Canal, reports Maritime Bulletin.
What happened?
General cargo ship ELSE rammed into Lock’s closed gate at Kiel early in...
Weekly Vessel Scrapping Report – Week 34, 2020
The below table is the most recent changes in the world fleet every week, with respect to which vessels have been sold for demolition in the last week. Ship & Bunker, with the data...