Shipping Companies Robbed by Diverting Cargo Payments
An electronic messaging system used by the shipping industry to send payment for cargo could be subverted by hackers to steal money.
According to security researchers at Pen Test Partners, the IFTFCC (International Forwarding and...
EPA Offers Rewards to Slow-Sailing Ships
The government is offering subsidies to shipping line operators who voluntarily reduce the operating speed of large ships when they enter the nation’s seaports, with each ship receiving NT$8,000 (US$270) for doing so.
The program...
World’s Second-largest Ore Carrier Delivered in Shanghai
The second-largest ore carrier in the world was officially named and delivered to China Ore Shipping on Thursday in Shanghai, which might boost Brazil's iron ore exports.
The Ore carrier
A 400,000-dwt mega ship, named Yuanhehai,...
Tight Tonnage Lifts US Gulf Coast Supramax Market
Freight rates in the US Gulf Coast Supramax and Ultramax market surged this week, as a clear-out of tonnage following the Christmas holidays left charterers scrambling to fix their prompt requirements.
The first signs of...
Cargo Carriers Clutch at Compliance
A new sulfur emission cap is going to come into effect.
It seeks to reduce the allowable sulfur emission rate to 0.5%.
Shipping Industry Giants are opting for LNG to comply with...
Ship Carrying LNG from UK Turns to Mediterranean
Vessel with LNG move towards the Mediterranean.
It had a scheduled journey from Isle of Grain near London, UK to Boston, US.
The Thomson Reuters shipping data recently shows, a detour of the Engie...
Schulte Group Acquires PRONAV
The Schulte Group signed a contract for the acquisition of 100% of the shares in the prestigious LNG ship manager PRONAV – subject to merger approval of the German Federal Cartel Office. The worldwide...
MODEC Finds Partners for Brazil’s FPSO Charter Project
Japan-based MODEC has reached agreements with four compatriot firms regarding an investment in an ultra-deepwater FPSO charter project for the Sepia Area off the coast of Brazil.
Under the deals, signed on January 9, Mitsui...
Human Error to Blame for ‘Majority’ of Engine Damage Claims
An investigation by The Swedish Club into auxiliary engine damage has revealed that the majority of all damage takes place immediately after maintenance work. A key finding is that 55% of casualties occur within...
Cargo Ship Sheltered in Celeiro After Cargo Shift
On January 4, a cargo vessel reportedly sought shelter in port after suffering from cargo shift.
What happened?
The cargo vessel ‘Wilson Avonmouth’ entered the port of Celeiro to secure its cargo of 20 ton steel...