Propeller Entangled in Chain off Kerch Strait Anchorage

A general cargo entangled her propeller while maneuvering for anchorage in Kerch Strait. What happened? General cargo ship LADY MARIA while maneuvering in the southern anchorage...

Container Ship Makes Its Last Jersey Voyage

Huelin Dispatch sailed through for the final time on November 19th. Channel Seaways becomes the only company providing cargo services to the Island. ...

Winter is Coming, Random Shocks Can be Powerful – BIMCO

Monthly average earnings for a VLCC shot up to USD 33,500 per day which was around USD 11,000 per day in August and...

EU Sides Japan in Suit Against S. Korea’s Shipbuilding Industry

HighlightsEU expressed its intention to participate in an on-going complaint filed by Japan against South Korea. Japan blames South Korea for violating WTO regulations. ...

CMA CGM: Most Accomplished Asia Pacific Ship Owner of 2018

HighlightsCMA CGM named ‘Most Accomplished Asia Pacific Ship Owner’ of 2018. Award for demonstration of sustainability, efficiency and environment-friendly approach. Successful in reducing CO2...

How to Know the Engine Room Before Joining the Ship?

VR start-up SeaBot XR could speed up the process of adjusting to new engine rooms for the crew. A smartphone and cardboard box...

NYMEX to Launch Low-sulphur Marine Fuel Futures Contracts in December

A Reuters report says that the New York Mercantile Exchange (NYMEX) is listing 11 marine fuel futures contracts with 0.5 percent sulphur content for...

Weekly Market Report

The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes. NWE/MED The NWE coaster market continues to...

Matson Moves Boxship in $106m Sale and Leaseback Deal

HighlightsMV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer. The term of the lease has...

Safe Bulkers Enters Acquires a Japanese Post-Panamax Vessel

Safe Bulkers acquired Japanese Post-Panamax vessel, expected to arrive in 2020. Company's common stock may finance upto 50% of the purchase price. ...