[Watch] Helicopter Underwater Egress Training
Helicopter Underwater Egress Training or HUET is a safety course that will train you to safely exit the aircraft in the event of an emergency.
Disclaimer: This video is intended for informational purpose only. This...
Is the Storm Over for Container Shipping?
By James Catlin
Overview
An oversupply of container vessels has plagued the market over the past couple years. But late 2016 through the first half of 2017 saw robust demand for these ships as the global economy...
Lack of A System To Indicate Fixed CO2 System Status Leads To Fatal Consequences
The incident:
On 15 November 2017, WORLD CALIMA left Helgoland with a crew of 5 and 11 technicians, who were to disembark at three different windfarm installations. After approx. 90 minutes, WORLD CALIMA arrived at...
Navios Maritime to Acquire a 4,250 TEU Containership
Navios Maritime Containers Inc. (“Navios Containers”) (N-OTC:NMCI), a growth vehicle dedicated to the container sector, announced that it agreed to acquire a 2010-built, 4,250 TEU containership for $11.78 million. The acquisition is subject to...
Vale Sails New `Green’ Ship to Cut Rivals China Advantage
Brazil’s Vale SA seeks to minimize its long journey to China.
It has sailed the first fleet of efficient cargo vessels for this purpose.
The Yuan He Hai, the second-generation line of vessels...
TOTE Begins its Orca Vessel Conversion to LNG
TOTE Maritime Alaska becomes the first US shipping company to convert their vessels to LNG.
The company has started converting 2 of it’s Orca Class vessels into LNG vessels.
More such conversions are...
Crude Tanker Market Update: Focus on VLCCs
By James Catlin
Summary
Over the last couple years, the VLCC fleet has experienced significant growth leading to the current oversupply situation.
A thick orderbook looks to keep the market saturated with tonnage over the...
Taiwan’s Looming Shipping Problems
Taiwan appears to have a ship problem — not one like the Ching Fu Shipbuilding Co scandal, but one that poses substantial risks to the nation’s economy and its relations with the global community.
The...
Tanker Sold for a Dollar! Suspicion of Money Washing
Suspicions of money laundering has been raised after a tanker estimated at $ 1.8 million is being sold for only $ 1.
What happened?
The tanker in question is ‘Guazapa 1’ valued at $ 1.8 million...
Wilhelmsen Maritime’s Drew Marines Acquition Plan Runs Aground
Wilhelmsen plans to acquire Drew Marine could reportedly run aground after it was found that the deal could violate antitrust laws.
What happened?
It has been discovered by the Federal Trade Commission that the $400 million...