MPC Eyes Expansion into Wider Markets with Purchase of Bigger Box Ships
Emerging feedership owner MPC Capital has purchased three secondhand Panamax container vessels as it looks to expand into larger box ship markets.
Focus on LCVs
The vessels have been acquired for a price tag of $42m on...
Ship Scarcity Threatens LNG Market Growth More than Tight Supply – IEA
The lack of timely investments in building the LNG carrier fleet threatens market development and security of supply, which could materialize earlier than insufficient liquefaction capacity, said Keisuke Sadamori, Director of the Office for...
Ship Operating Costs May Go Up in 2018 and 2019
Cost of drydocking, maintenance and repairing expenditure will increase by 2.3% in 2019.
Lubricants and spare cost in 2019 will increase by 2.1% and 2.2% respectively.
Crew wages and crew costs in 2019...
[Watch] Drone Captures Civil War-Era Shipwreck
Incredible drone video shows a clear view of a steamer believed to have been a blockade runner during the Civil War.
Disclaimer: This video is intended for informational purpose only. This may not be construed...
Pilot and Bridge Team Mis-communication Grounds Vessel
Summary
At 1137 on 4 May 2017, the UK registered container ship CMA CGM Centaurus made heavy contact with the quay and two shore cranes while under pilotage during its arrival at Jebel Ali, United...
Contaminated Bunkers: Barking Up the Wrong Tree?
An epidemic of ships experiencing fuel-related problems with seemingly on-spec fuels this year, starting in the US Gulf, has led to feverish speculation about the root causes with many predicting that this is a...
IMO Adopts Carriage Ban of Non-compliant Fuel Oil
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization (IMO).
IMO's MARPOL treaty
On Friday (26 October), during the current session...
IBM and Maersk Struggle to Sign Partners to Shipping Blockchain
It's hard enough to get enterprises that compete with each other to work together as a team, but it's especially tricky when one of those rivals owns the team.
Shipping giant Maersk and tech provider...
Kidnappers Release Twelve Crew Members of Swiss Bulker
On October 28, the Swiss judicial officials have released the twelve crew members of a Swiss ship reportedly seized off Nigeria coast.
What happened?
On September 22, the cargo vessel 'MV Glarus' loaded with wheat was captured...
Deals and M&As this week: Verifavia Shipping, Hapag-Lloyd Cruises, Fincantieri
In a recent development,Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services.
What's in the contract?
Verifavia will certify the associated information technology (IT) systems of the two...