Greek Companies Plead Guilty to Polluting US Waters
In a federal court in Beaumont, Texas, two Greek shipping companies, Avin International, and Nicos IV Special Maritime Enterprises, pleaded guilty this week to charges stemming from several discharges of oil into Texan waters...
Propeller Entangled in Chain off Kerch Strait Anchorage
A general cargo entangled her propeller while maneuvering for anchorage in Kerch Strait.
What happened?
General cargo ship LADY MARIA while maneuvering in the southern anchorage of Kerch Strait entangled her propeller in STB anchor chain...
Container Ship Makes Its Last Jersey Voyage
Huelin Dispatch sailed through for the final time on November 19th.
Channel Seaways becomes the only company providing cargo services to the Island.
The change to result in increased work shifts and staffing.
...
Winter is Coming, Random Shocks Can be Powerful – BIMCO
Monthly average earnings for a VLCC shot up to USD 33,500 per day which was around USD 11,000 per day in August and September.
Oil product tankers still suffering, despite considerable higher freight...
EU Sides Japan in Suit Against S. Korea’s Shipbuilding Industry
Highlights
EU expressed its intention to participate in an on-going complaint filed by Japan against South Korea.
Japan blames South Korea for violating WTO regulations.
The violations include providing subsidies to its shipbuilders, resulting in damage...
CMA CGM: Most Accomplished Asia Pacific Ship Owner of 2018
Highlights
CMA CGM named ‘Most Accomplished Asia Pacific Ship Owner’ of 2018.
Award for demonstration of sustainability, efficiency and environment-friendly approach.
Successful in reducing CO2 emissions by 50% between 2005 to 2015 and aims a reduction...
How to Know the Engine Room Before Joining the Ship?
VR start-up SeaBot XR could speed up the process of adjusting to new engine rooms for the crew.
A smartphone and cardboard box virtual reality (VR) headset familiarise crews with the layout of...
NYMEX to Launch Low-sulphur Marine Fuel Futures Contracts in December
A Reuters report says that the New York Mercantile Exchange (NYMEX) is listing 11 marine fuel futures contracts with 0.5 percent sulphur content for trade on the CME Globex electronic platform for trade from...
Weekly Market Report
The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes.
NWE/MED
The NWE coaster market continues to be busy with a consistent level of cargoes quoted, leaving...
Matson Moves Boxship in $106m Sale and Leaseback Deal
Highlights
MV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer.
The term of the lease has been for five years with an extension of two years.
...