CSSC Pays $875,000 To Klaveness for a Ship Quality Dispute
China State Shipbuilding Corporation (CSSC) settled a dispute with Norwegian owner Torvald Klaveness.
The torsional vibration damper dispute was settled with CSSC paying $875,000 to...
Oil Prices Escalate in Response To Supply Cuts
Front-month Brent crude futures rose to $66.63 a barrel and were up $1.72, or 2.7%, at $66.46 a barrel.
U.S. crude futures for...
Barcelona, the Worst European Port in Terms of Cruise Ship Pollution
According to a report, the port of Barcelona, a city already overwhelmed by mass tourism, has topped a list of 50 European ports for...
Growth of Desalination Plants a Serious Threat for Marine Life
Desalination is growing so fast that the extra salty waste water it produces is becoming a major threat, says an article published in NewScientist.com.
How...
First Woman President of Singapore Shipping Association in 34 years
In a major development, Caroline Yang, the chief executive of bunker tanker company Hong Lam Marine, has been appointed as the first-ever female president...
Hyundai Seeks Fair Trade Approval for DSME Merger
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover...
Container Market Up for Disruptions As Shipping Awaits More Cost Pressure
According to a Reuters report, the U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause...
Lack of Ambition Threatens IMO Emissions Reduction Targets
A “clear gap” in shipping’s development of low-carbon and zero-carbon fuels and technologies is threatening to derail IMO efforts to curb industry emissions, reports...
Lack of Risk Identification Causes Cargo Vessel Collision
What happened?
On the night of October 29, 2015, at 2226 local time, the cargo vessel Ocean Freedom collided with a fleet of moored empty tank...
Jim Beam Warehouse Catches Fire, Destroying 45,000 Barrels of Bourbon!
Firefighters are trying to contain a massive blaze at the Jim Beam warehouse which resulted in the burning of 45,000 barrels of bourbon.
The crew...
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APLICATIONS
Multinationals Commit To Run Ship On Zero-Carbon Fuel By 2040
A group of nine multinational companies has committed to only using zero-emissions shipping by 2040.
The shipping sector currently accounts for approximately 3%...
