Panama Canal Records Third Highest Annual Cargo Tonnage in Fiscal Year 2016
At the close of the 2016 fiscal year (FY16), the Panama Canal Authority (ACP) recorded the third-highest annual tonnage in its history, welcoming 330.7...
Shipping Industry Also Wakes up to Environmental Challenge
The shipping industry would argue that it moves more cargo with a lower carbon footprint per ton than any of the alternatives.
Airlines, by comparison,...
Dry Bulk Shipping: The Differences Between Short Sea And Deep Sea Freight Moving
There is a big question regarding dry bulk shipping that you have to answer before buying a suitable vessel: Do you want to get...
UN Reports Seafarers Held Hostage by Pirates
UN report: 5 Kenyans, 39 seafarers held hostage by Somali pirates
The pirate gangs in Somalia are alleged to be holding five Kenyans for ransom....
China Focuses on Robust Enforcement of Clean Marine Fuels
October 1st is China’s National Day, but this year it also marked an important day for controlling shipping pollution: Shenzhen, the world’s third biggest...
Oil Tanker Rates Jump to a Four-month High Before OPEC Deal
Oil tanker rates jumped to a four-month high as traders booked the most cargoes for the time of year on record, offering signs that...
LPG Shipping – Valuations Uncompelling Despite Price Correction
Strong supply growth because of high vessel deliveries scheduled in FY16/FY17 will continue to keep the LPG shipping market in imbalance. On the demand...
Ship Operating Costs Fell for the Fourth Time
Fourth successive year of decline in operating costs
The findings are set out in OpCost 2016 (www.opcostonline.com), Moore Stephens’ unique ship operating costs benchmarking tool,...
Bosun Overboard! No Buoyancy Vest and Corroded Safety Harness Killed
Summary
On 2 July 2015, the container ship Madinah was preparing for arrival at the port of Lyttelton. Part of those preparations involved the bosun...
Efforts on to Avert an Environmental Disaster!
Rescue crews have removed more than 88,000 litres of diesel from a sunken tug on British Columbia's central coast in the newest effort to...
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Maersk Digital Transformation Drives 2/3rd Of Company’s Global Revenue
Customers welcome a simplified and frictionless experience in handling their supply chains.
Maersk’s strategy is to offer integrated solutions for smooth and optimised...
