[Watch] Fire Breaks Out on Board! Passengers Jump Out
On January 15, dozens of passengers reportedly jumped from a boat which was shuttling them to a casino ship reportedly caught fire.
What happened?
The passengers were forced to jump from the cargo vessel after the...
Drewry: Shippers Should Keep an Eye on M&A Activity
There will be an increase in M&A Activity in the near future.
It’s the consolidation section which will witness this major boom.
Transatlantic and south asian routes are still quite ‘competitive’.
The freight...
[Watch] Cruise Ship Battered by Storm
WATCH the terrifying viral video of a cruise ship being thrown about by a storm.
Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice...
Availability of HFO After 2020 in Bunkering Ports
There has been some concern that from 1.1.2020, high sulfur fuel will not be readily available since the overwhelming portion of bunker fuel will be low sulfur products and that refineries and major oil...
Booking Slots Reassignment for Neopanamax Vessels
From January 15, the booking slots for Neopanamax vessels that transit prior to their reserved date may be reassigned to other interested Neopanamax vessels.
The slots will be reassigned for booked vessels provided that they...
Dense Fog Grounds Container Ship
On January 15, a container vessel reportedly got stuck at port channel due to dense fog while disrupting traffic.
What happened?
The container ship ‘MV Tzini’ reportedly got stuck on one side of the Chittagong port's...
Singapore Oil Refinery Heist, 3 More Suspects Arrested
On January 13, three men were suspected on the charges of involvement in large-scale oil theft at Shell’s biggest refinery.
What happened?
The Singapore court has reportedly charged three men suspected of involvement in large-scale oil...
Match Shippers with Shipping Companies
Weathernews Inc., headquartered in Chiba, Japan and Mitsui & Co. headquartered in Tokyo, Japan, have decided to form a joint venture company named Maru Freight Inc., which will provide a maritime service using ICT...
Baltic Exchange to Develop LNG Freight Index with Ship Brokers
The Baltic Exchange is eyeing for the LNG market.
It is launching a freight index for LNG
Further plans of tying up with ship brokers is in the dock.
On 11th January, Reuters...
Rising Oil Price Poses Another Profitablity Problem for Containership Operators
Container operators are hardly hit by the LFSO marine fuel transformation which has escalated the fuel prices, posing a renewed risk to carrier profitability.
This adds to the twin threats of new container capacity coming...