International Seaways Acquire Six VLCCs

International Seaways, Inc. (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, announced it has entered into a...

Shipping Confidence at Highest Level for Three-and-a-half Years

Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017, according to our latest Shipping Confidence Survey. The average confidence level expressed by respondents was...

Vessel Runs Aground at Niederalteich

On December 24, a vessel reportedly ran aground due to a navigational error faced by the master in the river Danube. What happened? The vessel ‘Wodan’, was enroute from Passau to Straubing, ran aground on the...

Blockchain to Change the Shipping & Logistics Market

Starting from January 1, Public Sale for ShipChain, the project that will use blockchain to change the shipping & logistics market. The project plans to encompass all methods of freight, and will include an open...

CMB Launched First LR Classed Hydrogen-powered Vessel

Antwerp maritime group Compagnie Maritime Belge (CMB) has launched its new hydrogen-powered passenger vessel, Hydroville, classed by LR. The catamaran crew boat is the first LR classed vessel to use hydrogen to power a...

Cargo Shipping Overcapacity Threat Looms! Tough 2018 Awaits

Cargo shipping has hit its fullest point, as analyst say that in the year 2018, container over capacity will threaten global shipping carriers. With more than 220 cargo ships scheduled for delivery in 2018, realisations...

Freighter Listing in the Solent

On December 26, a freighter developed list when it was in the vicinity of Portsmouth Harbour and became unstable. What happened? The freighter ‘Mekhanik Yartsev’ started developing a list in the Solent, close to Portsmouth Harbour....

Maersk’s New Cold Storage Containers

Kenyan fresh produce exporters have a reason to smile as Maersk comes with their new cold storage containers. These containers help farmers to export their fresh produce at ease. What’s the story? Maersk Line Eastern Africa...

MOL’s Voyage Information Display System for Autonomous Ships

The Tokyo based Mitsui O.S.K. Lines, Ltd. has announced to develop system that supports ship operation during voyages using augmented reality (AR) technology with Furuno Electric Co., Ltd. and MOL Techno-Trade, Ltd. System specs: Automatic Identification...

Overspeed Protection Alarm Causes Ship’s Engine To Stop Automatically

Summary On 4th of December 2016, the German-flagged Hanni ran aground in Hamburg. The master and chief officer were on the bridge. An overspeed protection alarm was issued for the main engine. After that, the...