Sliding Freight Rates Send More Big Bulk Ships To Scrapyards
Brazil’s reduced mining output, shifting China demand have hit demand for transport on capesize vessels.
A sharp decline in dry cargo ship freight rates in the first quarter sent more giant ships to scrapyards...
ABB Repeats Ulstein Order for Lindblad Expeditions
In a recent development, ABB has announced that they have secured the order covering power, automation, propulsion, and digital systems for their second ice-going cruise ship to be built for Lindblad Expeditions by Ulstein,...
Norwegian Tanker Fleet and Their Intensive Cross-Trading Activities
Despite the abundance of crude oil on its doorstep, the Norwegian tanker fleet is mainly engaged in the deep sea, long-haul trades. Norway is a major producer of North Sea oil but surprisingly this...
ZIM Joins Maersk’s Blockchain Solution TradeLens
In a major development, ZIM has announced that they have signed on as a member of TradeLens, the blockchain solution from Maersk and IBM, making it the fourth carrier to join the platform after...
Chief Engineer Indicted in Cover Up of Dumping Pollutants
The management, owner and the Chief Engineer of the cargo vessel Nederland Reefer have been indicted for falsification of pollution records, obstruction of justice and witness tampering, reports Delaware Business Now.
What are the charges...
AR Navigation System for 21 VLCCs
MOL announced that they are planning to install AR technology on vessels to support Watch-keeping and Ship operations during voyages to ensure World-leading level of safety, says a press release published on their website.
Vessels...
Shipping’s 2020 Rule Would Cost the Industry Upto $50 Billion for Clean-Fuel Bill
The IMO 2020 regulation shift from heavy oil to low-sulfur might hit vessel operators and cargo owners due to extra cost.
IMO 2020 is a major change in the industry since it moved...
Weekly Maritime Security Report – Week 15, 2019
Protection Vessel International has released the Maritime Security Report for Week 15 of 2019. The report formulated on 24th April 2019 highlights the various security breaches that have happened over the past week.
Nigeria: Robbers board...
Pirate Attack! 6 Crew Kidnapped Off Tanker
According to an article published by ICC-CCS, an anchored tanker was boarded by unauthorized persons who kidnapped six crew and escaped.
What happened?
Six crew members of a Palau-flagged tanker were kidnapped by pirates off Nigeria...
New Swedish Shipping Company Formed – Wallenius Sol
In a recent development, Wallenius Sol, a new shipping company announced that they will transport forestry products and other goods in a network covering the Gulf of Bothnia, the Baltic Sea and the North...