Liner Shipping M&A has ‘Destroyed $110bn of Shareholder Value
A new report estimates that over the past 21 years the container industry has “destroyed” about $110bn of shareholder value.
Its author, McKinsey & Co, said this had mainly been due to continuous overcapacity in the sector.
The...
U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China
Saudi-flagged tanker loads oil in Louisiana and heads to Asia
U.S. crude exporting previously made using smaller tankers
The flood of U.S. oil exports stepped up a gear on Monday after the first fully...
Why UV BWTS Better than Electrochlorination for Large Flows?
Recent market developments show a shift in thinking when it comes to ballast water treatment systems for tankers and other large vessels.
Today more and more ship owners see advantages in choosing UV ballast...
UK Shipping Industry Warns of Brexit Impact
The head of Britain's maritime business association is calling on the UK government to prepare for an orderly transition period when it exits the EU.
The impact
“We are lost in politics,” said David Dingle, head...
[Watch] Terrifying Moment a Giant Ship BATTLES Enormous Waves
This is the terrifying moment a giant ship was caught on camera battling through tough waters near the British Isles.
Disclaimer: This video is intended for informational purpose only. This may not be construed as...
Spliethoff’s Six Ships to Get Scrubber and BWTS
A contract has been signed between BLRT Grupp and the Dutch shipping company Spliethoff's Bevrachtingskantoor for modernization of F-type ships with a deadweight up to 12,500 tons.
Key Points of the agreement
The highlights of the...
The Quiet King of Japanese Shipbuilding Expands its Empire
It buys more steel than any other Japanese company except Toyota Motor, and its shipbuilding dominance is such that rivals Mistui and Mitsubishi group are now turning to it for help.
Yet the inner workings of...
Greek Vessel Owner Pays $166,000 as Pay Arrears to Crew Members
Over the weekend, a greek owner was ordered to pay $166,000 as pay arrears to crew members over non-payment of salary.
What happened?
In a case of neglect, the Ukrainian crew members of car carrier ‘Sea...
Leaky Lubricant Distributor Disables Engine Off Fair Isle
On February 17, a cargo vessel was reportedly stranded at Sea after it suffered an engine failure, resulting it to be towed to safety.
What happened?
The cargo vessel ‘Kristine Bonnevie’ was enroute from Hanstholm with...
Walk on Tipping Doors Turns Fatal, Man Overboard
Summary:
On 23 June 2016, Scott Rennie, a deckhand on the scallop dredger King Challenger (Figure 1), fell overboard from a scallop tipping door. He was not wearing a lifejacket. The vessel was 12 nautical...