Weekly Tanker Report – Week 17, 2019
The Baltic Briefing has issued the tanker report for the 17th week of this year. The report dated 26th April 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter...
APL and Ship Captain Indicted in Illegal Cargo Case in HK
According to an article published by The Strait Times, more than two years after nine Singapore Armed Forces (SAF) armored vehicles worth HK$136.6 million (S$24 million) were seized in Hong Kong.
What happened?
A court in...
Restrain from Ordering New Ships! Over Capacity Drags Shipping
Container shipping capacity and preventing freight rates face major challenges for the container shipping industry.
ICS advised vessels to show restraint when ordering new ships to prevent stifling recovery.
Degree of uncertainty surrounding the...
The Piraeus Port Miracle and The Way Forward
A few weeks ago, one of the world's largest container ships with a capacity of 20,000 TEUs, COSCO Shipping Pisces, approached Piraeus.
George N. Tzogopoulos wrote in an article published on China.org.cn that, present...
ShipTek 2019 – 10th Edition Marine, Offshore and Oil & Gas Conference and Awards
ShipTek 2019 – An International Conference on Marine, Offshore and Oil & Gas Industry celebrates its 10thEdition in Dubai.
One of the leading Marine Industry events, ShipTek 2019, a two-day international conference on maritime, Offshore...
K Line Slumps To $1bn Annual Loss
Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019, says an article published in Seatrade Maritime News.
The statistics
...
Overcrowding Near Anchorage During High-Water Conditions Causes Vessel Collision
What happened?
On January 17, 2016, about 1631, the cargo vessel Manizales collided with the bulk carrier Zen-Noh Grain Pegasus on the Mississippi River at mile marker 153, near Hester, Louisiana. Before the collision, the...
DNV GL and Keppel Partner To Promote LNG As Fuel
Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), have announced that they have signed a framework agreement to boost the uptake of...
Bunker Tank Check Failed! MPA Suspends Southernpec’s Bunker Craft Licence
Maritime And Port Authority of Singapore temporarily suspends Southernpec (Singapore) PTE LTD’s Bunker Craft Licence, says a circular published on MPA Singapore website.
What happened?
Arising from an enforcement check on a bunker tanker operated by...
Set of Draft Guidelines Due for Final Validation At MSC 101
A set of draft guidelines due for final validation at MSC 101 in June, 2019 will address a number of concerns and will also reflect a new regulation philosophy that promises more flexibility, reports...