Hapag-Lloyd Sees Calmer Waters for Shipping Industry
On Wednesday, the German company Hapag-Lloyd said that their profits will boost in the coming year due to a recent merger and the growing demand in the shipping industry which is likely to outpace...
Baltic Index Slumps on Weaker Vessel Rates
On Tuesday, 3rd April, the Baltic Index fell considerably as the primary freight index of the exchange, which tracks the rates of ships carrying dry bulk commodities dropped to an eight month low level,...
Asia Pacific Dry Freight Market Stutters After Promising Start
The Asia Pacific dry bulk market shows a promising year ahead.
The major indicators from Q1 bears testimonial to this.
The Panamax charter is on the rise while the supramax charter is...
S$200,000 Fine After Engineer Dies in Accident
On April 2, an offshore service company and its operations manager was fined $2,80,000 for an accident that claimed the life of an engineer in 2016.
What happened?
The AZ Marine Offshore Services and its operations...
Drifting Cargo Ship Collided with a Barge on the Waal
On April 1, a cargo vessel collided with a tank barge on the Waal, after it suffered a blackout in its engine room.
What happened?
The cargo vessel ‘Montanara’ loaded with coal suffered a blackout which...
Maersk Princess is First to Transport Condensate Cargo from Wheatstone
A tanker vessel belonging to Maersk has earned the recognition for being the first vessel to transport condensate cargo from Australia.
What happened?
From April 2018, the LR2 tanker ‘Maersk Princess’ has become the maiden vessel...
It’s an Air Pipe to Equalize the Tank Pressure with the Atmospheric One
Light, compact air pipe heads from WINTEB enable tank flushing (left) or tank sounding (right)
Air pipe – A pipe provided to equalize the tank pressure with the atmospheric one while the tank is being emptied...
Can IT Help the Shipping Industry Deep-six the Container “No-show” Problem?
In late February, AP Moller-Maersk Group CEO Soren Skou laid out perhaps the most audacious strategy in the container shipping industry's 62-year history. He expects that within three to five years, the Danish giant...
The Remarkable Story of the Largest Ship Ever Built
Were this to be a big-budget fiction movie, critics would declare the plot to be absurd: the story of a ship - the largest one ever built - being bombed, completely sunk and then...
[Watch] How MFMs Benefit Vessel Operations
Singapore-based BW Group issued a short film explaining the background with respect to use of Mass Flow Meters, which are considered to bring change and innovation in bunkering process within an environment of increasing...