Mega Container Vessel Runs Aground
A container ship Mackinac Bridge ran aground early in the morning Aug 19 in Hong Kong waters, reports Maritime Bulletin.
What happened?
The container ship was proceeding to Nansha port, Guangdong Province, China.
According to the owner and...
U.S. Suspends Tax Exemption on Income from International Shipping
Donald Trump says that the Asian trading hub is no longer eligible for the continued preferential treatment.
This suspension of bilateral agreement is due to China's imposition of strict national security laws over...
Ton-mile Demand For Oil Tankers Plunge Due To OPEC Restrictions
Ton-mile demand, a proxy for demand for oil tankers has slumped by 18.6 percent.
It has dropped to a three-decade low.
Exports were drastically cut as part of the OPEC+ deal.
It is...
Supply Chain Giant Expand Footprint With New Feeder Acquisition
DP World-controlled Unifeeder Group has confirmed it is buying Transworld Feeders FZCO, Avana Logistek , including its subsidiary Avana Global FZCO, and Transworld Feeders.
The acquisition gives rapidly growing Unifeeder, a strong presence...
Floating Storage Tumbles To 2-Month Low Amid Inflated Oil Market
The floating crude storage has tumbled to more than two-month lows as the incentives for storage start to recede.
Floating volumes peaked at over 210 million barrels in late June, but there has...
AI System To Monitor Ships in Real Time
Nippon Yusen gets ready to monitor ships in real time out of Philippines.
The monitoring facility will employ artificial intelligence to analyze data in order to prevent breakdowns.
Nippon Yusen's system can also...
Bulker Crew Force Crew Change Saying ‘No To Sail’
The crew of another ship have taken matters into their own hands in a new front in the unfolding crew change crisis.
Exhausted crew members of South Korean-owned bulk carrier repatriated after downing...
Container Shipping Costs Tumble Amid Increasing Service Level Fiasco
Container shipping service levels dropping as costs and rates rise.
Service level problems happen through a number of transport crises, such as increasing frequency of port incidents, bankruptcy, cyber attack and now COVID-19...
[Watch] China Launches Maiden Indigenous Hybrid Luxury Cruise Ship
According to an article published in Xinhuanet, China's first homemade hybrid twin-hull luxury cruise ship was delivered in eastern Jiangsu Province.
Homemade luxury cruise ship
The ship was built by China Merchants Heavy Industry Co., Ltd....
Plan Your Vacation Onboard 70-year-old Lighthouse Ship
Lightship Amsterdam is a 70-year-old British lightship or a lighthouse in a boat form.
The ship has two bed and breakfast-style suites both endowed with luxury facilities.
The suite has a large bed,...