Singapore Oil Refinery Heist, 3 More Suspects Arrested

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On January 13, three men were suspected on the charges of involvement in large-scale oil theft at Shell’s biggest refinery. What happened? The Singapore court has...

Match Shippers with Shipping Companies

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Weathernews Inc., headquartered in Chiba, Japan and Mitsui & Co. headquartered in Tokyo, Japan, have decided to form a joint venture company named Maru...

Baltic Exchange to Develop LNG Freight Index with Ship Brokers

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The Baltic Exchange is eyeing for the LNG market. It is launching a freight index for LNG Further plans of tying up with...

Rising Oil Price Poses Another Profitablity Problem for Containership Operators

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Container operators are hardly hit by the LFSO marine fuel transformation which has escalated the fuel prices, posing a renewed risk to carrier profitability. This...

Singapore Smashes Bunker Sales Volumes in 2017

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Singapore posted record sales, volumes of marine fuels for the third straight year in 2017, even as the city state revamped the market last...

Shipowners Return to Buying Ways

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Shipowners are back at procuring new ships. They are opting for bulk carriers. China is emerging as the biggest global player amongst the...

Captain’s Maneuvering Error Costs Millions

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Summary: ​On the morning of May 8, 2016, the passenger vessel Carnival Pride was attempting to dock at the Cruise Maryland Terminal at South Locust...

RIMS Gets Class Approval from Lloyd’s Register

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Drone and robotics specialist RIMS (Robotics In Maintenance Strategies) have received their fourth Classification Certificate as Recognized External Specialists, from Lloyd’s Register for the...

[Watch] Plane Skids Off Runway and Hangs Off Cliff

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On January 13, a commercial plane narrowly missed plunging into the Black Sea after reportedly skidding off a runway. What happened? The commercial plane ‘Pegasus Airlines...

Taiwan Rewards Slow-sailing Ships

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The government offers subsidies to shipping line operators, who voluntarily reduce the operating speed of large ships as they enter the nation’s seaports. Each ship...
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