Korea had announced  S1.2 billion fund to assist the country’s struggling shipping and shipbuilding companies.  The fund is available only to companies with debt-to-equity ratios below 400 percent.  In announcing the fund South Korea’s minister...

The U.S. had started exporting oil after 40 years.  President Barack Obama signed legislation lifting the long-standing ban on exporting U.S. oil., which was put into place during the 1970s.  On Thursday the first tanker...

A cargo ship on its voyage to Singapore had been blocking a Western Victorian port for more than a month.  It will be moved aside on 7th January to allow a cruise ship to...

A Vessel carrying livestock experienced engine troubles last Tuesday.  As a result It will  remain in Perth, Western Australia, for at least another three days. About 7,400 sheep and 5,600 cattle remain on board.  Wellard CEO Mauro...

A Chinese jigger ready to leave Montevideo for the South Atlantic suffered a serious fire which  started  in the engine room and rapidly spread to the rest of the vessel.  The vessel was fully...

Malfunctioning of the Bui Dam had resulted in a shortfall in the water level of the Volta Lake.  So, the cargo vessel that serves the Northern region has been left stranded. There are fears the...

Piracy in South-East Asia waters continues as ships passing the Straits of Malacca and Singapore are falling victim to acts of piracy. Singapore, Indonesia and Malaysia operate anti-piracy patrols in the area.  As piracy rampages...

An  accommodation vessel was being relocated from Cromarty Firth to Gdansk, Poland, when a towing line snapped on Sunday morning. All the 33 people onboard had been accounted for. It is currently drifting about 120...

We all know that Marine fuels are tested at Viswa Lab in order to check the fuel quality against its specifications (ISO 8217).  Though most fuels meet the ISO 8217 specifications, they do create...