Hanjin Assets Won’t Satisfy Creditors
South Korea’s Hanjin Shipping, which faces credit claims totaling around $10.5 billion, has raised only a fraction of that amount from asset sales since...
China’s Oil Imports a Boon for Tanker Owners
The emergence of China as a leading global force in trade has seen shipping among the leading beneficiary industries. So far, this effect was...
Idle Fleet Sticks Despite Strong Cargo Demand
The idle container ship fleet has crept slightly higher even as strong cargo demand across all liner trade lanes continues to spur activity in...
Billionaire Paul Allen Finds Wreckage of World War II Naval Ship in the Pacific
The wreckage of U.S. Navy cruiser, lost during World War II, was found Friday by billionaire philanthropist Paul Allen and a team of researchers.
The vessel, the...
Upcoming Technologies – Is it a Friend or Foe for Shipping?
Maritime business, though pivotal in running the world economy, is surprisingly late and slow in implementing and adapting to technological advancements. The current trend...
Emissions at Historic Lows with Cargos at Historic High
The Port of Los Angeles achieved record clean air gains while moving more cargo than ever, according to the Port’s 2016 Inventory of Air...
Burning Freight Ship to be Brought Under Control
The freight ship that caught fire last week is still out of control and is currently adrift at Sea.
What happened?
The freight ship ‘MV Cheshire’...
Three Dead, Six Missing in East China Ship Collision
On August 19, 3 people were reported dead and 6 missing after two cargo ships were involved in collision in China.
What happened?
The accident occurred...
EAL Lube’s: A Myth or A Fact
Effective 19th December 2013, Vessel General Permit (VGP) had released a circular stating that only EAL type oils need to be used in all...
The Gas Tankers Lurking at Sea Looking for a Better Deal
When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America...
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