Rule Out Misdeclared Cargo, Says IUMI

Mis- and non-declaration of cargo has serious safety implications and is the root cause behind tragic incidents.  IMO urged to amend fire safety regulations. Fines from shipping lines will increase the pressure on...

Backhaul Box Rates Rise Due To Record Cancellations

Coronavirus-induced cancellations has resulted in a capacity shortfall for cargo. A total of 77 container-ship sailings had been blanked — 48 trans-Pacific and 29 Asia-Europe. The record cancellation of sailings has backhaul rates...

Black Sea Common Maritime Agenda To Help in Sustainable Shipping

In a major development, the Common maritime agenda for the Black Sea has been officially launched on 17 February 2020 in Sofia, where representatives from seven Black Sea countries – Bulgaria, Georgia, the Republic...

Shipping Giant Sells Ships and Stake To Support Operations!

  Troubled PIL sells containerships to Seaspan and Wan Hai to raise cash. Speculation prompts PIL may soon pull out entirely from liner services. Six of PIL’s ships were anchored off Singapore, due to...

Ocean Shipping Contracts To Be Held up As Virus Becomes Pandemic?

The degree of uncertainty within the U.S. container shipping industry is now verging on the surreal, writes Freight Waves, Senior Editor Greg Miller in an article published on their website.  China Shutdown Fallout There’s the fallout...

New Study Reveals ‘Invisible Oil’ from Deepwater Horizon

The spread of oil from the Deepwater Horizon disaster in the Gulf of Mexico was far worse than previously believed, new research has found. These new findings have important implications for environmental health...

BAWAT Secures IMO Approval for Pasteurisation Treatment System

One of the easiest to use and cost-effective ballast water treatment systems has been awarded Type Approval by the United States Coast Guard. Bawat system is the only treatment system available to shipowners...

Coronavirus Outbreak: Ships Become Floating Storages

As the coronavirus outbreak spreads, shippers are warehousing an increasing amount of fuel on the high seas, write Joe Wallace and Benoit Faucon for the Wall Street Journal. Floating storages A new glut of oil and...

Bulk Carrier Remains Adrift in the Pacific

Panamax bulk carrier was disabled and adrift in the Pacific since late February. The bulk carrier was reported still adrift as of March 11. Panamax bulk carrier remains disabled in the Pacific, writes Mikhail...

Carriers Must Hunker Down in the Hope of Supply Manipulation!

Recently, the LoadStar's Alessandro Pasetti asked Dan Gardner, president of Los-Angeles based Trade Facilitators, to expand on some of the very pertinent topics that he nailed down in a white paper headed “The Novel...