Maersk Says No to Bonds
Maersk scales down bonds’ reliance
The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future.
AP Moller-Maersk has ample liquidity and plans to...
Ship Capsized in Bandırma
On May 14, a vessel reportedly suffered water ingress, capsized and sunk near the port.
What happened?
The "Ali Aga" suffered water ingress while loading cargo at Çelebi Bandırma on May 14, 2017.
The vessel capsized...
Anti-Ransomware Tips Onboard Ships
Ransomware Remains Major Cyber Threat
‘Be Cyber Aware at Sea’ campaign issues every month an informative newsletter, as part of its efforts to provide the shipping industry with the necessary services, to educate organisations on...
[Watch] This Drone Specializes in Cleaning Hulls of Ships
Keelcrab Sail One is an interesting underwater drone specializing in cleaning the hulls of ships without damaging their paint, being compatible with all types of paintings. In addition, it has a mechanism that allows...
Fatal Boiler Explosion After Chemical Cleaning
An LNG tanker was berthed alongside a shipyard, undertaking repairs to her port and starboard main boilers. The work included extensive re-tubing and air casing repairs and it was carried out by a well...
Drug Ship Detained in the Pacific Ocean
On Friday, Law enforcement agencies of Ecuador, was detained in the Pacific ocean, a cargo ship, on Board of which was discovered 5.5 tons of cocaine.
The cocaine was to be delivered by the...
Captain Coward’s Sentence Upheld by Italy Court
Italy's highest court has upheld the 16-year jail sentence given to the captain of the Costa Concordia, which capsized in 2012 killing 32 people.
Francesco Schettino had handed himself in to the Rebibbia prison in...
Passengers Stay Cool as Ship Crew Put Out Fire
A small fire in the engine room of a cruise ship homeported here broke out while she was returning to Swettenham Pier after a night at sea.
Leisure World anchored about 1km from the pier...
Moody’s: Outlook for Global Shipping Industry is Stable
Moody's Japan K.K. says that the outlook for the global shipping industry is stable, given that -- after excluding M&As and spinoffs -- the aggregate EBITDA of rated shipping companies will remain at similar...
Georgia Port Welcomes Giant Ship
The largest cargo ship ever to visit ports on the U.S. East Coast is so long the Statue of Liberty and Washington Monument could fit end-to-end along its deck and still leave room for...