[Watch] $2.25M Fine for Pollution Violations
A shipping company based in Monaco was fined more than $2 million and one of its employee was convicted on charges of causing pollution by a tanker.
What happened?
The company Sea World Management & Trading...
One Killed, One Wounded in Cargo Ship Explosion in Sinop
On February 28, one person was killed and another was injured, when a cargo ship exploded in Turkey.
What happened?
A Liberian flagged dry cargo vessel ‘Mümtaz Amca’ was four miles off the Coast of Sinop,...
Predictive Analytics: The New Hot Ticket in Shipping?
The adoption of predictive analytics for port operations is proving increasingly popular, as the technology can help ports achieve better unloading and offloading times and less truck idling. But despite successful case studies in...
[Watch] Helicopter Underwater Egress Training
Helicopter Underwater Egress Training or HUET is a safety course that will train you to safely exit the aircraft in the event of an emergency.
Disclaimer: This video is intended for informational purpose only. This...
Is the Storm Over for Container Shipping?
By James Catlin
Overview
An oversupply of container vessels has plagued the market over the past couple years. But late 2016 through the first half of 2017 saw robust demand for these ships as the global economy...
Lack of A System To Indicate Fixed CO2 System Status Leads To Fatal Consequences
The incident:
On 15 November 2017, WORLD CALIMA left Helgoland with a crew of 5 and 11 technicians, who were to disembark at three different windfarm installations. After approx. 90 minutes, WORLD CALIMA arrived at...
Navios Maritime to Acquire a 4,250 TEU Containership
Navios Maritime Containers Inc. (“Navios Containers”) (N-OTC:NMCI), a growth vehicle dedicated to the container sector, announced that it agreed to acquire a 2010-built, 4,250 TEU containership for $11.78 million. The acquisition is subject to...
Vale Sails New `Green’ Ship to Cut Rivals China Advantage
Brazil’s Vale SA seeks to minimize its long journey to China.
It has sailed the first fleet of efficient cargo vessels for this purpose.
The Yuan He Hai, the second-generation line of vessels...
TOTE Begins its Orca Vessel Conversion to LNG
TOTE Maritime Alaska becomes the first US shipping company to convert their vessels to LNG.
The company has started converting 2 of it’s Orca Class vessels into LNG vessels.
More such conversions are...
Crude Tanker Market Update: Focus on VLCCs
By James Catlin
Summary
Over the last couple years, the VLCC fleet has experienced significant growth leading to the current oversupply situation.
A thick orderbook looks to keep the market saturated with tonnage over the...