Capesize Market’s Threatened by Valemaxes

The first of the new Valemax very large ore carriers (VLOCs) loaded 400,000t of iron ore at the Brazilian port of Tubarao this week — spelling possible doom for Capesize shipowners. The vessel, which...

Baltic Index Strengthens on Panamax, Supramax Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session on Tuesday to stronger rates for the panamax and supramax vessel segments. The overall...

‘Game of Thrones’: Top 10 Chemical + Parcel Tanker Operators Named

A strategic consultancy with a focus on the ‘Chemical tanker’ market has released its annual report ranking the top operators in chemical and parcel, which is characterised as a “game of thrones” market scenario,...

The Drone Squad for Ship Surveys

With four drone types in its arsenal, DNV GL has adapted its survey technology to various ship structures. Recently DNV GL reported that it had reached a new milestone with its first offshore drone...

Glitch in Engine Governor Actuator System Results in Allision and Fire Aboard Tanker

Summary: On September 6, 2016, about 00:05 local time, the tanker Aframax River allided with two mooring dolphins in the Houston Ship Channel (HSC) near Deer Park, Texas. The allision punctured the ship’s hull plating,...

[Watch] An Unofficial World Record for the Fastest Construction of a Topside

The Johan Sverdrup Riser platform is very near setting what might be an unofficial world record for the fastest construction of a topside of its size – in just 19 months from start steel...

First Liquefied Natural Gas Cargo Produced for Export Ships

The first consignment of Liquefied Natural Gas has departed from the Dominion Energy Cove point LNG terminal, Maryland. The construction project has been touted as the largest and has been billed at an approximate cost...

Container Vessel’s Owner Pays Pollution Fine

The owner of an Iranian container vessel paid a fine of US$51,150 to the Environmental Protection Administration (EPA) for the illegal discharge of waste fuel off the coast of Kaohsiung in October last year. What...

Second Bermuda Triangle Creates Panic Among Mariners

A second Bermuda Triangle has created fear among mariners. It is located on the East China Sea and has recorded nearly thousands of crashes in recent years. What happened? From January 2007 to December 2016 a...

Vessel Runs Aground Off Lisbon

On March 6, a cargo vessel ran aground near the Bugio lighthouse situated in Tagus river due to an engine failure. What happened? The cargo vessel ‘Betanzos’ suffered a blackout which resulted in propulsion failure near...