Market Recovery Helped to Stabilize Ship Operating Costs
The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners should prepare for higher costs led by a spike in insurance premiums, according to the latest...
[Watch] Cyberhawk Conducts Drone Inspection
Founded in 2008, Cyberhawk Innovations is the world leader in UAV inspection and survey and the conversion of UAV data into powerful management information. An industry pioneer, we have completed more than 25 world...
American Maritime Industry Dedicated to Puerto Rico
Jones Act carriers have provided regular, dedicated service to Puerto Rico for decades. The Jones Act fleet servicing Puerto Rico includes modern, state-of-the-art vessels, such as the world’s first LNG-powered containership, as part of...
K-line Puts New VLCC into Service
Kawasaki Kisen Kaisha, Ltd. (K Line) the container, automotive and bulk shipping giant, has taken delivery of the group's latest Very Large Crude Carrier (VLCC), the Kisogawa a 312,000 DWT tanker that was built...
JPMorgan Charged for Money Laundering
In a shocking discovery, Swiss financial markets authority FINMA has discovered that the Swiss subsidiary of U.S. investment bank JPMorgan broke anti-money laundering rules.
Serious infringements:
According to Swiss court documents, JPMorgan Switzerland had committed serious...
Drone Survey of Ships! MPA to Help in Inspections
More than 4,600 ships flying the Singapore flag will benefit from service enhancements to be introduced from November 2017 by the Maritime and Port Authority of Singapore (MPA). Singapore-incorporated maritime companies will also receive...
Freighter Grounded by Storm Off Tomakomai
On November 18, a cargo vessel reportedly ran aground on a breakwater located at port in Japan.
What happened?
A 499 ton cargo vessel ‘Eika Maru’ reportedly ran aground on a breakwater at Tomakomai port, Hokkaido.
Stormy...
Seven Passengers Injured When Rogue Wave Hit Ship
On November 18, seven passengers were injured after their ship was hit by a rogue wave.
What happened?
The seven passengers were injured after their vessel was hit by a giant rogue wave. The wave hit...
U.S. Warship Collides Again!
In the latest of a string of marine mishaps, a U.S. warship crashed into a Japanese tugboat in Japan’s Sagami Bay on Saturday.
The tugboat lost propulsion and drifted into the USS Benfold during a...
LNG Gaining Ground
One of the most challenging issues currently facing cruise shipping companies is air pollution in ports. Cruises through the Mediterranean, Baltic or Caribbean involve port calls in any number of tourist hotspots, and it’s...