Container Shipping Market May Register Single Digit CAGR
Containers are used to transport objects from one place to another. Unlike conventional shipping, container shipping uses containers of various standard sizes—20 foot (6.09 m), 40 foot (12.18 m), 45 foot (13.7 m), 48...
Cheap Oil and Costly Fuel are Harvey Windfall for Asia
The shutdown of almost a quarter of US crude refining capacity in the wake of Hurricane Harvey is presenting a rare opportunity for fuel traders in Asia.
A spike in American gasoline prices as the...
Excess Tonnage Supply Hurting Tanker Owners
Tanker owners left and right have been conceding this week, that it’s not demand, but an oversupply of ships, which have been hurting their earnings. According to Frontline, “the growth in crude tanker tonne-mile...
Could Shipowners Depart the UK After Brexit?
The Brexit vote has stirred many emotions, plenty of head scratching, and that which is feared most of all by business: uncertainty. That is true for a whole host of sectors and UK maritime...
Safety in the Crowded Seaways
In commenting on past collisions at sea, it has often been noted that they are extremely rare. Unfortunately for the U.S. Navy, that has not been the case this year. So far there have...
[Watch] Constructing the Nordic Region’s Largest LNG Receiving Terminal
In Tornio, Northern Finland, Wärtsilä is constructing the largest LNG receiving terminal in the Nordic region. When in commercial operation in mid-2018, the terminal will supply gas to a local stainless steel mill, and...
Wärtsilä – Mechanical Completion at the Tornio Manga
The technology group Wärtsilä has successfully reached an important milestone in the engineering, procurement and construction (EPC) contract of the Tornio Manga LNG terminal in Northern Finland. The mechanical completion of the terminal was...
SOx Scrubber Provides Reliability
Ship owners could see greater reliability and compliance with their exhaust cleaning service using Alfa Laval PureSOx scrubbers.
According to Dutch ship owner Spliethoff, which has twenty vessels fitted with Alfa Laval PureSOx U-design scrubbers,...
Fire Alert Issued After a Smoking Alternator Belt
On September 1, a no sail order was issued on a ferry plying passengers after a fire alert was issued due a faulty alternator belt.
What happened?
The ferry ‘Vineyard Lady’ was issued a no sail...
Crew Members Rescued After Vessel Sinks
On September 2, 20 crew members of a sinking vessel were allegedly rescued by a good Samaritan vessel.
What happened?
A commercial vessel loaded with construction material started sinking off the Oman coast with 20 crew...