Greeks Top the List of Used Ship Buyers in 2017
Greek-owned shipping companies last year invested US$4.7 billion in the acquisition of used oceangoing vessels and another $4.7 billion into new builds. As a result, Greek shipping ranked top in transactions and among the...
Big Data to Grow Market Share for Panama Canal
With responsibility for managing one of the world’s foremost shipping channels, this agency set out to estimate, how a planned $5 billion expansion would impact its revenues. Its managers successfully predicted how the canal’s...
Tanker With Russian Gas for Boston Makes Mid-Atlantic U-Turn
LNG tanker Gaselys was scheduled to arrive in Boston by Saturday
Vessel reversed course to Spain after almost 21 days en route
Three weeks after picking up a controversial cargo in the U.K., a...
Bulk Carrier Rates Sink as Brazil’s Iron Ore Exports Wane
Rising inventories in China adds to the 60% price fall in the bulk carrier rates from mid-December.
The Decline
Charter rates for bulk carriers fall, as iron ore exports from Brazil were slow and inventories...
Shady Triangle: Southeast Asia’s Illegal Fuel Market
An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell’s biggest refinery,...
[Watch] ‘Noah’s Ark’ Crashes Into Other Ships in Dutch Harbor
In the beginning of 2018, the replica of Noah’s Ark reportedly crashed into multiple ships in a Dutch harbor due to strong winds.
What happened?
The ark replica reportedly broke away from its mooring in the...
550 Pounds of Cocaine Found on Cargo Ship Off Miami
Recently, 550 pounds of cocaine worth $6.25 million was reportedly seized from a cargo vessel by the U.S. Customs, from the Miami Port.
What happened?
The CBP officers during a routine inspection discovered the cocaine in bags,...
[Watch] Worker Knocked Out by Fermented Molasses in Cargo Ship
On January 18, a worker had a very close call when he was knocked down by fermented molasses which were present in the cargo hold.
What happened?
The Houston firefighters were called in after they...
[Watch] Who You Calling Ugly? New Ship is a Floating Swiss Army Knife
The USNS Herschel “Woody” Williams is neither fast nor heavily armed. And while she may look like a commercial cargo ship, the Navy's new vessel is also one of the most useful ships in the entire...
£1 Billion Investments Announced in the UK Shipping Sector
An excess investments worth £1 billion has been announced in the UK shipping sector.
The investments are for the development new ships and port facilities.
The new deal covers a range of national and...