Tanker Captain Fined $65,000 for Pollution Charges
The captain of the ill-fated MT New Diamond Crude Oil Tanker was fined Rs. 12 Million by Colombo High Court Judge Dhammika Ganepola.
Sterio Ilias who appeared in court via a motion, had...
Fire Strikes Containership, Kept Off Singapore for 7 Days To Douse Fire
Container ship DS LOTUS suffers fire on board.
The fire erupts in containers probably, as early as on Oct 6, when the ship approaches Singapore from China.
The ship cruises back and forth...
Zenith Capital Invest in Mjølner’s Cargo Finance Unit
Zenith Capital Partners invest in Mjølner Shipping's Subsidiary and Sage Energy Partners.
The Investment aims at funding crude trading and product tankers.
Zenith Capital invested in a wholly-owned subsidiary of Mjølner Shipping that provides...
How The US Presidential Election Results Will Affect Shipping
The outcome of the U.S. election will steer stimulus spending, energy policy, trade relations, geopolitics and environmental regulation — and consequently, ocean freight rates — for years to come, writes the Freight Waves Senior...
COVID Vaccine Manufacturers Get Lawsuit Protection
According to a News07Trends article, the U.S. authorities paid out $4 billion over greater than 30 years protecting accidents regarding a bunch of vaccines—from flu to polio—however payouts for potential accidents from Covid-19 vaccines...
[Watch] Hiker Being Chased by a Mountain Lion
The video shows a hiker being chased by a mountain lion or cougar on a trail in Utah. The man frantically backtracks while trying to scare the animal away.
Disclaimer: This video is intended for...
DSME To Build 6 LNG Carriers at US$1.8 Billion
Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded an order to build six liquefied natural gas (LNG) carriers valued at US$1.8 billion.
DSME announced on Oct. 12 that it has received the...
More Ports Say NO To Scrubbers
Exhaust gas cleaning systems (EGCS) – more commonly referred to as scrubbers – are an accepted equivalent measure in complying with the IMO 2020 global sulphur cap. The use of scrubbers has split the...
Global Tanker Market Braces for Critical Capacity Management in 2021
The global tanker market is set for some major changes in the forthcoming year.
Weaker freight rates have sapped enthusiasm for new orders, and creaking oversupply of older ships could accelerate scrapping.
With...
CMB.TECH Begins Work On World’s First Hydrogen Refuelling Station
CMB.TECH, part of CMB (Compagnie Maritime Belge), is strongly committed to hydrogen.
The launch of the Hydroville, the first hydrogen-powered passenger vessel in the world, was the instigation of this commitment.
Up until...