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. ...

Angola LNG Offers Cargo for Jan-Feb Delivery

According to media reports, Angola’s liquefied natural gas (LNG) export plant has offered a cargo for delivery between January to February.There are no...

Majority of ‘Wet’ Scrubber Systems have 3 Basic Components

Figure: Exhaust gas cleaning system basic components There are several different designs of marine exhaust gas cleaning systems (often referred to as scrubbers) that remove...

[Watch] Tourists Spot Four Giant Waterspouts Appear in the Sea

THAILAND holidays are famous for blue skies and hot weather. But an amazing viral video has emerged showing the moment of a rare quadruple...

Captain of Drifting Ship Jailed for Grounding Ship on Reef

On November 22, the criminal court in French Polynesia was suspended the captain of a cargo vessel and announced an one-year jail sentence for...

Capital Product Merge Tankers with Diamond S in a $1.65bn Deal

HighlightsCapital Product Partners L.P. and DSS Holdings L.P. enter a definitive transaction agreement for business operations. The new company hopes to be market leader...

Bye Bye GPS! World’s First Quantum(Atomic) Compass for Navigation

Imperial College Research Team and M Squared laser firm build quantum compass. Quantum navigation more secure than GPS which is vulnerable to signal...

Ship Operating Costs are Expected to Rise Further

Operating costs increased in 2018 and it's likely to affect the rest of the year. Drewry's daily operating cost increased by 1.1%. The...

Hapag-Lloyd Belatedly Joined the Scrubber Rush

Hapag-Lloyd jumps on the scrubber band wagon before they ‘sell out’. The first retrofitting started with the 13,177 TEU Hamburg Express vessel and...

Maersk Looking for 10 Feeder Containerships

Maersk appears to be planning to grow its feeder boxship fleet. Newbuilding discussion Maersk is believed to be at an “advanced stage” of newbuilding discussions with...