LPG Shipping – Valuations Uncompelling Despite Price Correction
Strong supply growth because of high vessel deliveries scheduled in FY16/FY17 will continue to keep the LPG shipping market in imbalance. On the demand...
Ship Operating Costs Fell for the Fourth Time
Fourth successive year of decline in operating costs
The findings are set out in OpCost 2016 (www.opcostonline.com), Moore Stephens’ unique ship operating costs benchmarking tool,...
Bosun Overboard! No Buoyancy Vest and Corroded Safety Harness Killed
Summary
On 2 July 2015, the container ship Madinah was preparing for arrival at the port of Lyttelton. Part of those preparations involved the bosun...
Efforts on to Avert an Environmental Disaster!
Rescue crews have removed more than 88,000 litres of diesel from a sunken tug on British Columbia's central coast in the newest effort to...
Sexual Assault! Aboard a Cruise Ship
A cruise ship has come under the radar again after a woman staff was sexually assaulted on board by her ex-lover. The incident is...
Shipwrecked ‘Titanic 2′ Could Become Divers’ Paradise Theme Park
A sunken First World War ship dubbed “Titanic 2” could become a divers’ theme park to generate revenue for cash-strapped Greece.
For 100 years, the...
[Watch] Couple Rescued from Sinking $600,000 Boat
VOLUNTEER Marine Rescue Hervey Bay was called to help after a 13 metre power cat worth about $600,000 ran aground.
It is believed a...
Oil Clean-up Continues on Fraser Island
The clean-up operation on Fraser Island will continue today with around 35 shoreline personnel working to remove small oil patties washed up along a...
Corrosion Damage Repair
Belgian corrosion repair expert, Subsea Industries, has a product for filling and building up corrosion damage on rudders, stabiliser fins, thrusters and other underwater...
Panamax Rates Firm Up!
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance...
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