Poor Supply Discipline Threatens Shipping Recovery
Demand is poised to outstrip supply in all three segments of the international ocean shipping industry in 2018, but risks of an ill-timed “ordering spree” for new ships remain, according to a recent report...
Finding Tanker Finance in a Difficult Funding Environment
New building slots will be available form 2019-2020 in major shipyards.
Funding is difficult in Europe as new banking rules are in force.
China is financing vessels under construction in their shipyards and...
Port of Salalah Now Offers Ship-to-Ship Transfer Service for Bulk Liquids
The Port of Salalah completed its first ship to ship transfer operation (STST) at Salalah anchorage, recently as part of the port’s expanding service offering in 2018. The new service was performed by Fendercare...
Schulte Strengthens LNG Hand with Acquisitions
The Schulte group has obtained the clearance from German Federal Cartel Office to go ahead with its planned acquisition of PRONAV and its fleet of six managed LNG carriers.
Long term charters
The six vessels, all...
America’s Supertanker Terminal Set to Export Oil for the First Time
The flood of crude leaving the U.S. could be about to get a major boost: the nation’s top imports terminal is testing one of the industry’s biggest tankers to load an export cargo for...
Water Ingress Off Constanta
On February 13, a vessel reportedly suffered water ingress 16 miles off Constanta in the Black Sea.
What happened?
The vessel ‘Delfi’ was loaded with diesel with seven crew members onboard the vessel when it suffered...
Tankers ‘Illegally Cleaning their Holds’ Might have Caused the Spill
On January 26, the people and authorities were shocked to find, that an oil spill had hit the Fujaira coast.
What happened?
After investigation, it was found that the oil spill was a result of tankers...
We Ship It: An Ode to the Love Between Captains and their Ships
We've spoken at length about our favorite ships, but some of our biggest ships in genre are also just the biggest ships in genre. They're very large—they have to be; people live inside of them.
Yes, in the...
ISO Develops New Standard to Ensure ‘Man Overboard’ Safety
The International Organization for Standardisation (ISO) has developed a new global standard that aims to ensure the safety of people who fall overboard on ships.
What’s new?
The new standard, known as ‘ISO / PAS 21195,...
Engine Room Flooded Within 10–20 Minutes of the Grounding
Summary:
On March 6, 2017, about 0009, the uninspected commercial fishing vessel St. Dominick grounded in Pumicestone Bay, Alaska. The engine room flooded within 10–20 minutes of the grounding, and the four crewmembers abandoned the...