Tanker Market on Mixed Fortunes During March According to the latest monthly report from OPEC, in March, the tanker market showed mixed patterns with VLCCs seeing a decline in spot freight rates on its various...

Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund Daewoo Shipbuilding & Marine Engineering Co., the world’s largest shipbuilder, won a reprieve from major bondholder National Pension Service and other lenders, helping avert a payment crisis...

Shipping Industry Much Better Positioned than a Year Ago Esben Poulsson, President of the Singapore Shipping Association (SSA), speaking at a media briefing for Singapore Maritime Week (SMW) 2017, suggested that the shipping industry is...

Somali media has reported that a notorious Somali pirate leader is missing after an attempt last Saturday to hijack a cargo ship. What happened? Abdikarim Salah "Aw Koombe" and two other pirates were last seen on...

The following represents the best estimations science and history can currently make as to what happened in the moments immediately before and after the Titanic disappeared beneath the surface. Did you subscribe for our daily...

by Rakesh Kumar , Company Security Officer Reports estimated in the last twelve months, 58 seafarers were kidnapped in this region in 13 incidents by pirate gangs linked with the Abu Sayyaf Group (ASG) Extremists...

Scenic Eclipse will feature the latest version of the advanced Azipod propulsion system. Disclaimer: This video is intended for informational purpose only.  This may not be construed as a news item or advice of...

Australia’s Fair Work Ombudsman has commenced legal action against Norwegian shipping company Transpetrol TM, alleging it underpaid dozens of foreign crew while they were working in Australian waters. Crew underpaid: The company is facing the Federal...

When cargo holds are presented for loading cargoes in bulk and they are not sufficiently clean for the intended cargo, delays, off-hire and charter party disputes can arise. Insufficient cleaning can also cause cargo...

A Texas casino cruise ship named “Jacks or Better” crashed during a weekend evening run, with the accident coming just a little more than a week after the party boat had its grand opening. What...