Winners, Losers, and Mergers Among Top Ocean Carriers

It has been reported that by the end of 2016, there will be four fewer container lines than at the start of the year...

Ship Owners Seek Cost Effective Solution for BWMS

As the IMO convention is looming, ship owners are looking for cost-effective solutions for ballast water management. Ship owner’s quest: On a recent visit to Vancouver,...

US Shippers Resisting Major Trans-Pacific Contract Rate Hikes

Container lines are warning trans-Pacific shippers of significantly higher spot and contracts next year amid a wall of deep losses and weak demand but...

VLCC Freight Rates Forecast to Slide ahead of Holidays

Freight rates for very large crude carriers (VLCCs), which are hovering close to the multi-month highs hit last week, are set to soften ahead...

Need to Resolve the Operational Oil Issue

The representatives of international organisations, government agencies, industry and academia attending the World Ocean Council’s fourth Sustainable Ocean Summit last week were left in...

U.S. Type-Approves First Ballast Water Treatment System

The U.S. Coast Guard issued the first U.S. type-approval certificate for a ballast water management system Friday. The Coast Guard Marine Safety Center issued the...

Exercise Eagle Eye! 4 Sea Pirates Arrested

4 sea pirates arrested, Navy launches new Security plan in Niger Delta The Nigerian Navy has on Thursday launched a new security operation in the...

Cargo Vessel Runs Aground

On Saturday morning, a Spanish vessel Muros en route from Tees, UK, to Rochefort, France, ran aground after facing mechanical failure about eight miles...

[Watch] 100-year-old Pearl Harbor Survivor Honored

100-year-old Pearl Harbor Survivor Honored at Pearl Harbor Remembrance Ceremony On December 5, World War II Veterans were honored at the National Museum of the...

Container Ship Lost Propulsion and Ran Aground

A container ship named Hanni ran aground in Elbe River near Muhlenberg, Germany.  The vessel soon lost its propulsion power shortly after leaving Hamburg....