Drewry: COSCO, CSCL Merger Could Cause Chain Reaction in China

Photo: Sheila Fitzgerald / Shutterstock.com

  By Drewry Shipping Consultants Having blocked the P3 Alliance on competition grounds, China could now merge China Cosco and CSCL and, as a result, cause a domino effect on existing carrier alliances and further carrier mergers in Asia damaging to industry competition. Shares in China Cosco, China Shipping Development (CSD) and China Shipping Container Lines … [Read more...]

Drewry: New Suez Canal Targets ‘Ambitious’

new suez canal

  By Drewry Shipping Consultants The impressive ‘New Suez Canal’ project will improve capacity, transit times and reduce delays, not least because it will likely be used by far fewer vessels than expected by its sponsors. The expansion of the Suez Canal into a two-lane maritime highway, from what could have been described as a congested single country lane, has … [Read more...]

Stowaways – Complicated, Messy, Expensive and Possibly Dangerous

Photo (c) Shutterstock/ Iablonskyi Mykola

  By Rick Spilman, Old Salt Blog Recently, the New York Times published Stowaways and Crimes Aboard a Scofflaw Ship, the first of a four part series, by Ian Urbina. At the core of the article, Urbina tells the story of two South Africans who have the misfortune to stowaway onboard a Greek reefer ship whose owner is notorious for shady dealings. Only one of the … [Read more...]

IMB Piracy Report Shows Continued SE Asian Attacks Against Small Tankers

IMB's Live Piracy Map showing Attempted Attacks, Boardings, vessel's Fired Upon, Hijackings, and Suspicious Vessels.

  A new report published Wednesday by the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) highlights a continuing trend in South East Asia in the hijacking of small coastal tankers by maritime pirates, averaging one attack every two weeks. According to the report, five small tankers were hijacked in South East Asian waters in the second … [Read more...]

U.S. Coast Guard Celebrates 225 Years of Service

The wreck of the Liberian tanker Argo Merchant off Nantucket, 1976. U.S. Coast Guard Photo

  By William Thiesen, Atlantic Area Historian, Coast Guard Compass Blog The U.S. Coast Guard has been the steward of the nation’s maritime environment since the 1820s. This mission dates back to 1822, when Congress tasked the U.S. Revenue Cutter Service with monitoring Federal forest preserves that provided specialized ship timber required for construction of U.S … [Read more...]

Centuries-Old Shipwreck Discovered Off North Carolina Coast

The research vessel Atlantis with the submersible Alvin hanging off its stern. Photo Credit: Luis Lamar, Woods Hole Oceanographic Institution

Scientific sonar spots unknown shipwreck, possibly dating to the American Revolution Scanning sonar from a scientific expedition has revealed the remains of a previously unknown shipwreck more than a mile deep off the North Carolina coast. Artifacts on the wreck indicate it might date to the American Revolution. Marine scientists from Duke University, North Carolina … [Read more...]