Global Shipping Industry Bouncing Back from Worst-ever Crisis
The hulking container ships that transport sneakers, bananas and barbie dolls around the world keep getting bigger. So are the companies that own them.
A...
Tanker Aground on Volga-Don Canal
On August 17, a tanker reportedly ran aground in the Russian inner waterways.
What happened?
A product tanker ‘VALAAMS’ reportedly ran aground in the Russian Inner...
Tanker Grounding, River Thames
On August 16, a product tanker reportedly ran aground on the banks of river Thames.
What happened?
On the evening of August 16, the product tanker...
Freight Rates in Americas Surge as Cargoes Met by Thin Tonnage
When charterers in the Americas brought several cargoes onto the market at once Wednesday, they were met by an extremely short position list and...
AP Moller – Maersk to Lose $200-300m from Cyber-attack
AP Moller-Maersk Group is expecting to take a $200-300m hit for its full year earnings in 2017 due mainly to lost revenue in July...
LR Joins Project to Build World’s Biggest Sailing Cargo Ship
LR has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo...
Crew Airlifted After Ship Catches Fire, Remains Adrift at Sea
On August 13, a fire reportedly erupted in the cargo hold of a bulk carrier and remains adrift off Las Palmas in the Canary...
5 Arrested on Charges of Causing Minor Accident
On August 15, five people were taken into custody on charges of involvement in a minor accident involving a cargo ship and a fishing...
Engineers Evacuated, After Ship Catches Fire
On August 15, engineers working onboard a ship were evacuated after an electrical panel onboard the ship caught fire.
What happened?
The Engineers working on an...
Maersk Line Back in the Black in H1 with $273m Profit
Maersk Line has delivered a first half profit of $273m, erasing the loss of $114m in the year-ago period, due in part to the...
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