Bolts Holding Mooring Ropes Sheared Off Resulting in Fatality
Transport Malta has issued safety investigation report into the mooring equipment failure and subsequent fatality of a shipyard worker on board the Cyprus registered ro-ro passenger GALAXY in Valletta, Malta on 18 January 2016.
The...
Bulk Carrier Loaded with Soy Stuck at Santos Port
On Monday, a ship reportedly got stuck in the seabed at a port.
What happened?
A ship carrying at least 30,000 tonnes of soybeans got stuck on the seabed when loading the grain at the Santos...
Manslaughter Charge! Second Officer Controlled the Ship
The documents seized from Amber L, the vessel that hit an Indian fishing boat off the city coast, killing two fishermen, has revealed that the second officer was controlling the ship at the time...
Maersk’ Offshore Ship Radioactive Hazard
Partially dismantled offshore processing ship North Sea Producer at Bangladesh ship breaking yard was found to be radioactive and possibly dangerous for workers.
Radioactive substance found:
Radioactive substances were found in inside pipes, with radioactive level above...
Amid Signs of Life in Global Shipping, Some Stocks Score Big Gains
The shipping industry, which has ailed for years, is finally showing signs of recovery.
The sector has struggled with overcapacity, price wars and freight rates far below break-even levels. Now, thanks to the improving global...
Bracewell: Private Equity Investors Buy the Dip!!
The recent dip in oil prices may give private equity investors a window to acquire assets as publicly listed companies take a pause after a flurry of activity earlier this year. Austin Lee, an...
SITC Adds One More and Cements Top 20 Liner Position
China’s SITC continues its rapid fleet build up, cementing its position as the nation’s largest private boxline.
With the acquisition of the 1,043 teu from Germany’s Harmstorf, SITC, an intra-Asia specialist, is now a...
Baltic Dry Index Finishes Higher for Fourth-Straight Session
The Baltic Dry Index added 21 points on Monday, its fourth consecutive session of gains, to reach 870 points as the shipping sector is finally seeing some strength after a protracted period of weakness.
Ship...
Silk Road Hub or Tax Haven?
A truck in front of the main towers at he China-Kazakhstan Horgos International Border Cooperation Center.
On the border of China and Kazakhstan, an international free trade zone has become a showpiece of Chinese President...
How a HK Vessel Became the World’s Biggest Container Ship
A vessel built for Hong Kong’s Orient Overseas Container Line (OOCL) has earned the title of being the world’s largest container ship in terms of carrying capacity.
The new ship, measuring 400 meters in length,...