Total Acquiring Maersk Oil in Deal Worth $7.45bn
Total is buying Maersk Oil in an equity and debt deal valued at $7.45bn as AP Moller – Maersk executes its strategy to focus on container transport and logistics.
The boards of both Total and...
50 Kilos of Cocaine Detained on Ship Bound for Holland
On August 17, the police detained a vessel after discovering 50 kilos of cocaine. The ship was enroute to Holland when it was detained.
What happened?
The drug control police during a routine inspection detained the...
Oil Spill Alert! Tanker and Bulker Collide
An oil spill alert was raised off the Southern peninsula state of Johor, after a tanker and bulker collided with each other on August 17.
What happened?
On August 17, a chemical tanker ‘Chemroad Mega’ collided...
Explosion at Shipyard Claims Four Lives
On August 20, four people unfortunately lost their lives in an explosion that occurred at a shipbuilding yard.
What happened?
The explosion occurred at an STX Offshore & Shipbuilding yard located in Changwon, South Gyeongsang Province...
43% of BWM Systems ‘Inoperable’ or ‘Problematic’
A survey of owners and operators that have fitted ballast water management systems (BWMS) by classification society ABS found that some 43% were considered “inoperable” or “problematic”.
ABS sent out a questionnaire to owners on...
Amazon vs Maersk: The Clash of Titans Shaking the Container Industry
Approximately 90% of the world’s trade travels by sea and one would expect the industry’s supply chain to be the height of modernity by adopting disruptive technology and strategies. However, this could not be...
HMM Add IoT Tech to Refrigerating Containers
Hyundai Merchant Marine is trialing the use of Internet of Things (IoT) technology to its refrigerating containers to better monitor freshness of temperature-sensitive products during delivery, the company said.
The shipping company will start testing...
Bunker Fuel Contamination of Cargo
The UK P&I Club informed about a bunker fuel contamination incident onboard a general cargo ship, during loading a bulk cargo, providing a description of what happened and important lessons learned, to prevent similar accidents...
Hanjin Assets Won’t Satisfy Creditors
South Korea’s Hanjin Shipping, which faces credit claims totaling around $10.5 billion, has raised only a fraction of that amount from asset sales since its bankruptcy last August.
The company, formerly one of the world’s...
China’s Oil Imports a Boon for Tanker Owners
The emergence of China as a leading global force in trade has seen shipping among the leading beneficiary industries. So far, this effect was more pronounced in the dry bulk trades, but lately, it’s...