Dry Bulk Shipping Supply Side Improving
BY James Catlin
Summary
Shipping often rides boom and bust cycles, and much of that can be traced to the supply side.
A seemingly small increase or decrease in vessel availability can often have a...
COSCO Shipping Books Profit of $288 Million
China’s COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in the container shipping market would continue for the rest of the year.
China’s largest shipping group, which last...
Vestdavit Opens Office in the US
Safe boat handling specialist Vestdavit has responded to a sustained positive trend in North American business levels by opening an office in the United States.
The Bergen-based supplier of davits and other boat launching equipment...
MPA: Bunker Suppliers No Longer Allowed
The bunker supplier licences of bunkering companies Panoil Petroleum and Universal Energy will not be renewed after they expire on August 31, 2017, the Maritime and Port Authority of Singapore (MPA) said.
The authority added...
Crew ‘Drank Seawater’! Cargo Ship Detained
A cargo ship has been reportedly been detained on charges over nonpayment of dues and deprivation of clean drinking water.
What happened?
The vessel ‘Tahsin’ was after concerns were raised on deprivation of drinking water and...
Navigational Mistake Grounds Ship Off Falster
On August 29, a cargo vessel reportedly ran aground loaded with fertilizer.
What happened?
The cargo vessel ‘Star of Sawara’ reportedly ran aground off the Southern tip off Falster, 15 kilometers Southeast of the coast. The...
[Watch] Violent Storm Slams Ship with Monster Wave
Watch the terrifying moment a ship was slammed by a monster wave in the midst of an angry storm out in the open waters.
Disclaimer: This video is intended for informational purpose only. This may...
US Navy Collisions Point to the Risks of Automation on Sea, Air and Land
By Amy Fraher
Four collisions involving US Navy ships this year have resulted in the deaths of 17 sailors and the injury of several more, along with millions of dollars in equipment damage. Several senior officers...
[Watch] Hapag-Lloyd Plans No Ship Orders, UASC Fleet Enough
Hapag-Lloyd has revealed that it has no plans to follow CMA CGM and MSC and build new 22,000 TEU containerships after reporting strong second quarter earnings.
The German container shipping line, which is the fifth...
The First Methanol Fuel Cell Powered Vessel
After a ship-naming ceremony on Friday, the MS innogy is now ready to take passengers for a green tour on the beautiful Lake Baldeneysee. The MS innogy, the first vessel in Germany to be...