7 People Missing After Cargo Ship Sinks Off Indonesian

On November 25, seven crew members were reported missing from a cargo ship that sank off Sumbawa island, Central Indonesia. What happened? The cargo vessel 'Multi Prima...

NYK Lines to Use Cryptocurrency for Crew Pay

Nippon Yusen K.K. to design digital currency pegged to the U.S. dollar, to standardize payment methods. Yusen controls over 80 vessels with 20-23...

Cargo ship ran aground, Hull Breached off Ukraine

A general cargo ship ran aground in Dnieper River, Ukraine, reports the fleetmon. What happened? General cargo ship OREL-3 ran aground and reportedly sustained a hull...

Unchecked Climate Change will Cost the US Billions of dollars

A US government report warns, unchecked climate change will cost the US hundreds of billions of dollars and damage human health and quality of...

LNG Carrier Safety Drill with Simulations by MOL

Mitsui O.S.K. Lines conducted drill on 16th November. Overcrowding in the shallows caused the collision of MOL LNG carrier with a fishing boat...

‘Omniphobic’ Special Type of Surface Repellent for Hulls

MIT research published in ACS Nano describes a new way to overcome the effect of condensation on omniphobic surfaces. Latest models use liquid...

Weekly Market Report

Highlights Busy start for the NWE coaster - various charterers booked Tight shipping availability and struggle to find suitable tonnage Delays on vessels waiting to discharge Propylene...

Norton Rose Fulbright Advises on Significant Shipping Merger

Highlights Norton Rose Fulbright takes on the role of an advisor for a major transaction The client has been identified as Global Ship Lease, US-listed containership...

Virgin Voyages’ Adults-only Cruise Ship Plans Destination Havana

Highlights Richard Branson's Virgin Voyages launches adults-only cruise ship to Cuba Assembly of the Cuban Resistance unhappy over the announcement Claims that Cuban port facilities...

Indian Oil to Produce 0.5% Sulfur Compliant Fuel Oil by Mid 2019

Highlights Indian Oil Corp is set to produce compliance fuel Marine Gasoil production remains open Tests for 0.5% sulfur compliant grades positive Too early...