9 Out of 20 Major Shipping Firms will Disappear by 2018
The CEO of Hapag-Lloyd, the world’s fifth-largest container shipping company, expects consolidation in the sector to continue this year, further reducing the number of largest shipping firms as they merge their businesses.
The merger
Rolf Habben...
Woman Falls to Her Death Aboard Carnival Cruise Ship
On January 19, in an unfortunate turn of events a woman reportedly died after falling several decks from the balcony of her cabin.
What happened?
The woman who has not yet been identified reportedly died after...
7 Missing After Vessel Collides with Cargo Ship Near Hong Kong
On January 21, seven people were reportedly killed after fishing boat reportedly collided with a cargo vessel near Hong Kong.
What happened?
The cargo vessel reportedly collided with a fishing boat near China's Hong Kong Special...
From Smart Cars to Cargo Ships: How IoT is Changing Transportation
Similar to cars, automated ships are on the horizon.
IoT connectivity is creating new age automated vessels.
Rolls Royce has already developed a remote-controlled cargo ship.
It is the age of smart devices....
Greeks Top the List of Used Ship Buyers in 2017
Greek-owned shipping companies last year invested US$4.7 billion in the acquisition of used oceangoing vessels and another $4.7 billion into new builds. As a result, Greek shipping ranked top in transactions and among the...
Big Data to Grow Market Share for Panama Canal
With responsibility for managing one of the world’s foremost shipping channels, this agency set out to estimate, how a planned $5 billion expansion would impact its revenues. Its managers successfully predicted how the canal’s...
Tanker With Russian Gas for Boston Makes Mid-Atlantic U-Turn
LNG tanker Gaselys was scheduled to arrive in Boston by Saturday
Vessel reversed course to Spain after almost 21 days en route
Three weeks after picking up a controversial cargo in the U.K., a...
Bulk Carrier Rates Sink as Brazil’s Iron Ore Exports Wane
Rising inventories in China adds to the 60% price fall in the bulk carrier rates from mid-December.
The Decline
Charter rates for bulk carriers fall, as iron ore exports from Brazil were slow and inventories...
Shady Triangle: Southeast Asia’s Illegal Fuel Market
An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell’s biggest refinery,...
[Watch] ‘Noah’s Ark’ Crashes Into Other Ships in Dutch Harbor
In the beginning of 2018, the replica of Noah’s Ark reportedly crashed into multiple ships in a Dutch harbor due to strong winds.
What happened?
The ark replica reportedly broke away from its mooring in the...