Ice Crack in Antarctic Takes Major Turn

There has been an important development in the big crack cutting across the Larsen C Ice Shelf in Antarctica. Touted one of the biggest iceberg: The fissure, which threatens to spawn one of the biggest bergs...

Organisms in Ballast Water Increasing Despite Discharge Measures

Ships arriving in Chesapeake Bay ports bring more than just cargo in 2013 they also inadvertently released an estimated 10 billion live zooplankton from other parts of the world, a finding that surprised the...

Singapore Bunker Fuels in Demand After Fujairah Ban

Bunker suppliers in Singapore have seen a jump in inquiries this week following the diplomatic crisis in the Middle East, with some estimating as much as 25,000 mt-30,000 mt of marine fuel demand being...

Bulk Carrier Runs Aground in Greece

In the early hours of June 8, 2017, a Bahamas-flagged bulk carrier laden with sulphur reportedly ran aground off Greece. What happened? The bulk carrier St Gregory ran aground on Kokkala beach in south-eastern Peloponnese, Greece....

Crippled Container Ship Salvaged by Tugs

A 5,278 ton container ship F.Arslan V broke down off Lavernock Point and two tugs were called out to try to bring her back into port. What happened? The ship had sailed from Cardiff bound for...

Shipping Money Makes The World Go Round…

The vast majority of the world’s trade in goods is moved by sea, and it has long been recognised how shipping is a critical element of the global economy, providing the connection between producers...

Newbuilding Market Picks Up as Tankers Steal the Show

Shipowners and other market players appear to be loading up on newbuildings. In its latest weekly report, Allied Shipbroking said that “we still seem to have a market mainly driven by major deals, with...

Wealthy Kingdom in the Gulf Diplomatic Storm

Key facts about Qatar: Wealthy kingdom in the Gulf diplomatic storm Several Middle Eastern countries, including Saudi Arabia, Egypt and the United Arab Emirates, on Monday (June 5) cut ties with Qatar, a small Gulf...

Challenges Faced by Five German Shipping Banks

The five biggest German shipping banks face towering difficulties as the scope of their non-performing loans to ships is growing, notes rating bureau Moody's in a report based on the banks' published annual reports...

Baltic Dry Index Turns Higher After Long Losing Streak

The Baltic Dry Index turned higher on Wednesday after weeks of losses as the physical markets for BDI component ships finally found some stable footing. According to Freight Investors Services, on Wednesday, capesize rates were...