First Green Financing in the Maritime Transport Sector Signed

The European Investment Bank (EIB), Societe Generale and Brittany Ferries have announced the success of the first green maritime financing under EIB’s €750 million...

New Shipping Fund Buys First Container Ships

The Maritime Investment Fund, a new shipping fund, and an arm of Navigare Capital Partners, expands it fleets by acquiring three container ships, according...

Belgium Granted Maritime Tax Extension

The aim of the scheme, which was approved under EU state aid rules, is to encourage shipping companies to register their ships in Europe...

New General Agency Agreement Aims to Reduce Shipping Disputes

A new draft standard general agency agreement, covering a comprehensive list of functions contracted between shipowners and operators and ship agency firms, has been...

Ferry Runs Aground at Calais Port

A ferry reportedly allided with a bridge located at port after it was caught in the stormy weather and ran adrift on a sandbank...

Coaster Beached to Avoid Sinking, Costa Rica

On December 8, a coaster intentionally beached trying to avoid sinking in the Caribbean coast of Costa Rica. What happened? The Panama flagged coaster ‘Yicel’ intentionally...

General Cargo Ship Sank in Indonesian Waters Update

On December 8, a general cargo vessel reportedly sank in Indonesian waters and the vessel was loaded with cargo when the incident occurred. What happened? The...

Two Fatalities After Finnish Vessel Capsizes

On December 10, two maritime pilots tragically lost their lives after their vessel capsized and sank at Sea. What happened? A Finnpilot Pilotage vessel ‘L242’ reportedly...

Hydrodynamic Interaction Forces Results in Collision

Summary On 24 June 2017 at about 0735, the tug Arafura Sea Delta collided with the general cargo ship Thorco Crystal about 2 NM west of...

[Watch] Wreckage of Vessel That Fired First American Shot in WWII

The infamous U.S.S. Ward fired at a Japanese submarine an hour before the attack on Pearl Harbor. Disclaimer: This video is intended for informational purpose...