Friday, July 20, 2018

5 or 6 Groups to Survive Container Shipping Industry – Maersk Chief Predicts

  CEO of AP Moller Maersk went on record to state that in the future he predicts only five or six survivors in the container...

Overheated Fertilizer Leads to Crew Evacuation from Bibby Line’s Ship

As a result of overheating of the fertilizer on board, the crew of Bibby Line's ship, MV Cheshire, had to be evacuated. The ship...

China Gains Deal to Build 9 Ultra Large Container Ships, Korean Shipping Industry in...

In the 25th year of their diplomatic relations, the competition between China and South Korea intensified after the former gained the world's largest container...

US Destroyer and Oil Tanker Collide Near Singapore, 10 Missing

En route to a routine port in Singapore, the guided missile destroyer USS John S McCain, part of the US Navy's 7th Fleet, collided...

MSI Predicts Positive 2018 for Tanker Market

For owners struggling with fleet oversupply in Q3 of 2017, Maritime Strategies International offers hope. It predicts the market stabilizing towards the end of...

Container Volumes Jump A Record 16 Percent at Port of Los Angeles

July was an eventful month for the Port of Los Angeles, also known as America's Port. In an impressive effort, the port's container volumes...

Diana Containerships Panamax Hired by CMA CGM

CMA CGM has hired a 2001-built Panamax of Diana Containerships Inc., for a period of 8 to 11 months. The 3,739 TEU container vessel...

Transit Rates at Suez Canal Slashed for Containers

According to the Middle East Monitor, the Egyptian Government announced that from the 1st of October, transit rates for container vessels will be reduced...

Tanker Owners Benefit from China’s Oil Imports

China has overtaken America as the world leader in crude oil imports. In the first half of 2017, it averaged 8.55 million b/d of...

Crimean Tanker, Shot by Libyan CG, Anchored at Malta

The Crimean oil tanker which was shot by a Libyan coastguard vessel after refusing orders to stop now lies anchored near the Hurd’s Bank,...