First Test Area for Autonomous Ships Opened in Finland

The first test area for projects related to autonomous shipping has been opened in Finland. As informed, the test area is the first one...

World’s First Rigid Sail and Solar Power System to Prepare for Sea Trials

Eco Marine Power (EMP) announced in late July it has begun preparing for sea trials of its Aquarius Marine Renewable Energy (MRE) solution in...

How Hackers are Targeting the Shipping Industry

When staff at CyberKeel investigated email activity at a medium-sized shipping firm, they made a shocking discovery. "Someone had hacked into the systems of the...

Global Shipping Industry Bouncing Back from Worst-ever Crisis

The hulking container ships that transport sneakers, bananas and barbie dolls around the world keep getting bigger. So are the companies that own them. A...

Tanker Aground on Volga-Don Canal

On August 17, a tanker reportedly ran aground in the Russian inner waterways. What happened? A product tanker ‘VALAAMS’ reportedly ran aground in the Russian Inner...

Tanker Grounding, River Thames

On August 16, a product tanker reportedly ran aground on the banks of river Thames. What happened? On the evening of August 16, the product tanker...

Freight Rates in Americas Surge as Cargoes Met by Thin Tonnage

When charterers in the Americas brought several cargoes onto the market at once Wednesday, they were met by an extremely short position list and...

AP Moller – Maersk to Lose $200-300m from Cyber-attack

AP Moller-Maersk Group is expecting to take a $200-300m hit for its full year earnings in 2017 due mainly to lost revenue in July...

LR Joins Project to Build World’s Biggest Sailing Cargo Ship

LR has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo...

Crew Airlifted After Ship Catches Fire, Remains Adrift at Sea

On August 13, a fire reportedly erupted in the cargo hold of a bulk carrier and remains adrift off Las Palmas in the Canary...