Can the Dry Bulk Shipping Market Withstand Trade War Fears?
Highlights
The dry bulk shipping market continues to improve, despite trade war fears.
The average spot rate during the second quarter was generally higher than in either Q1 2018 and Q2 2017.
Fleet utilization...
Global Container Index Dipped Last Week
Transpacific ocean freight price fall over and is likely to drop slightly.
Prices dropped slightly this week as the 1 September General Rate Increases’ (GRIs) impact wore off.
The 15 September GRI was...
Alfa Laval PureBallast 3 Ex Deckhouse Solution Meets Product Tanker Needs
A new Alfa Laval PureBallast 3 Ex deckhouse solution has been validated for product tankers with Framo ballast pumps. The solution allows Alfa Laval PureBallast 3 Ex to be installed on deck – without...
Bright Navigation Buys Noble Group Capesize
Greek dry bulk owner has added to its fleet with its third Capesize purchase this year.
The 2006-built Cape Dover beefs up the company’s vessel tally to nine dry bulk carriers.
The Greek owner has bought...
Is Shipping Still Unprepared for Cyberattacks?
A team of breakers at ethical hacking firm Pen Test Partners proved there are several ways to break into a ship’s navigation system and potentially cause a major incident. So, after all the warnings,...
Bulk Carrier Broke Lose in Brake
On September 24, a bulk carrier broke away from its moorings after being docked at the pier.
What happened?
The bulk carrier 'Star Grip' was reported to have broken away from its moorings at the pier...
Ferry Rescued Distressed Divers
On September 23, five divers were rescued from two boats that broke down off the coast of Rathlin Island.
What happened?
The passenger ferry 'Rathlin Express' was diverted after a distress call was issued from one of...
[Watch] Coast Guard Medevacs Man from Cruise Ship
A Coast Guard Air Station Cape Cod aircrew hoists a 78-year-old man Saturday, Sept. 22, 2018 from the cruise ship Norwegian Escape 40 nautical miles south of Nantucket. The man suffered a possible stroke...
Now May be a Good Time to Review Your Enclosed Space Entry Procedures
Recent enclosed space incidents serve as a stark reminder that entry into such spaces without following proper procedures can result in seafarers being seriously injured or even killed, warns a major flag state.
The Republic...
[Watch] CMA CGM Puts Cost of Sulfur Cap Compliance at $160/TEU
CMA CGM plans to use LNG in its future containerships.
The cost of retrofitting 9 ships is estimated around $160 /TEU.
The company's sales policy will be reviewed according to the fuel surcharges.
In...