VLCC Rates Bottomed Out
Freight rates for very large crude carriers (VLCCs) on Asian routes may have finally bottomed as owners attempt to resist moves by charterers to push rates still lower, brokers said.
“This is a really bad...
Maersk: Top Six Container Carriers to Survive Consolidation
In an interview with the Financial Times, the Chief Executive Officer of AP Møller Mærsk A/S, Søren Skou reported to have said that consolidation in the container shipping market seems to be imminent, resulting from that it is likely...
Marine Industries Economic Nightmare
The environmental and economic impact of biofouling is significant. We have spoken to Prof. Bert de With, Department of Chemical Engineering and Chemistry, Eindhoven University of Technology, about antifouling materials and approaches for the...
Asphalt Tanker Leaves Baltimore After 10 Months Detention
The 367-ft. Asphalt Trader departed Baltimore after it was detained for numerous safety discrepancies found during compliance inspections in 2016 and 2017.
A three-person examination team from Coast Guard Sector Maryland-National Capital Region Port State...
Orders for New LNG Carriers to Rise on Increased Trade Volumes
Demand for new LNG carriers is expected to pick up over 2017-21 period as supplies begin from new projects in coming up in Australia, Russia, East Africa, the US and Canada and the ranks...
Brazil-Chile Shipping Costs Set to Drop
The cost of shipping goods between Brazil and Chile is expected to fall by about five per cent with the 2020 expiry of a pact that limited trade to ships registered in either country,...
20,568 TEU Munich Maersk Makes Maiden Call at Hamburg
Check an image of Munich Maersk, which berthed at EUROGATE Container Terminal Hamburg on August 5 while on its maiden voyage.
With a nominal capacity of 20,568 TEU, the container vessel is one of the...
[Watch] Container Load of Scott Bikes Fished from the Sea
Enterprising thieves near Sao Paulo used small boats to raid dozens of containers that fell from a Brazilian cargo ship containing everything from bicycles to electronics.
In scenes reminiscent of the classic 1949 British comedy...
Largest Submarine in the World Sinks in Denmark
On August 10, the largest privately built submarine in the world reportedly sank near Copenhagen, Denmark.
What happened?
The largest submarine ‘Nautilus’ sank at Kastrup Havn, Copenhagen, Denmark. The owner and builder of u-boat, 46 year...
Passenger Ships Involved in Collision Again
On August 13, a couple of ro-ro passenger ships collided with each other. This is the second incident involving the collision the same ro-ro passenger vessels.
What happened?
On the morning of August 13, a ro-ro...