Wednesday, July 3, 2013
Uncategorized

India-Rupee Slump Seen as Brake on Ship Demolition

A plunge in the Indian rupee to near a record is curbing demolition of obsolete merchant vessels, exacerbating a fleet surplus in the maritime industry,

July 3, 2013
Total Views: 21

suez canal
News

Suez Canal Authority Declares Canal is Secure and Unaffected

The Suez Canal waterway is completely secure and the rate of ships passing through is normal, the head of the Suez Canal Authority Mohab Memish said in a

July 3, 2013
Total Views: 37

News

MOL Comfort is Not Being Towed Stern First [IMAGES]

Contrary to what everyone had assumed, including us, the MOL Comfort is not being towed stern first.  (facepalm) Images just sent to us this morning

July 3, 2013
Total Views: 129

News

France’s CGT Union Calls For July 4th Port Strike

France's powerful CGT union has called for a 24-hour strike on July 4 in all French ports, which is likely to disrupt grain, oil and gas traffic at the

July 3, 2013
Total Views: 34

scorpio tankers
News

Scorpio Enters the Gas Transportation Market with $370 Million Newbuild Order

Scorpio Tankers Inc. (NYSE: STNG) has announced a big investment into the liquefied petroleum gas (LPG) transportation sector. The product tanker owner has

July 3, 2013
Total Views: 131

Tuesday, July 2, 2013
Uncategorized

Asia’s Shipping Industry Downturn Draws Private Equity Interest

U.S. private equity and investment funds are betting Asia's shipping industry, hit by a restructuring wave that has already swept Europe and the United States,

July 2, 2013
Total Views: 41

Blog

It’s Not Time to Panic About UK Port Capacity – Although There Will be Losers

Fears that the UK is heading towards an era of sustained overcapacity in its major container ports may have been overcooked, according to a leading industry

July 2, 2013
Total Views: 47

Multimedia

Mærsk McKinney-Møller Sea Trials Video

Daewoo Shipbuilding & Marine Engineering chartered a helicopter to fly around their latest creation, the 18,000 TEU Mærsk McKinney-Møller, as she went

July 2, 2013
Total Views: 53

Piracy

White Paper: SAMI on PCASP Security Standards

ISO 28007 sets the gold standard for PMSCs. By Steven Jones, SAMI Maritime

July 2, 2013
Total Views: 58

Engines

Caterpillar Delivers First MaK M 46 DF Dual Fuel Marine Engine

Caterpillar Marine Power Systems has shipped the first MaK™ M 46 DF dual fuel marine engine to their German customer, AIDA cruises, for one of their

July 2, 2013
Total Views: 668

News

Perro Negro 6 Incident: Saipem Jack-Up Sinks Offshore Angola, One Missing

Saipem S.p.A. reported Tuesday that its jack up drilling rig, the Perro Negro 6, capsized and sank offshore Angola after the seabed beneath one of its three

July 2, 2013
Total Views: 2507

Finance

Tanker Market Analysis: Head for the Exits?

By McQuilling Services, LLC, Situational awareness requires that people know their surroundings and the risks inherent therein. In a crowded theater, one

July 2, 2013
Total Views: 58

Blog

Tschudi Shipping: The Northern Sea Route Should Not Be Ignored

Global warming is making the Arctic Ocean more accessible for navigation and providing the maritime industry with the means to avoid using lengthy transits to

July 2, 2013
Total Views: 476

Press Releases

AIS Update – Tracking Ships In Alaska

exactEarth has  teamed up with the Marine Exchange of Alaska (MXAK) to form the Alaska vessel tracking alliance which is built on the MXAK PacTracs  product

July 2, 2013
Total Views: 108

Interesting

The Rise of a Sustainability Leader: Maersk’s Journey to the Triple-E

At four-hundred metres long, 59 metres wide and 73 metres high, the Triple-E series of containerships will be the world’s largest, and one of the most

July 2, 2013
Total Views: 167

Uncategorized

Egypt Military Steps Up Suez Patrols to Secure Global Trade Link

Egypt’s military increased patrols of the Suez Canal, securing the waterway handling about 8 percent of global maritime commerce, as protests escalate

July 2, 2013
Total Views: 28

Uncategorized

After Longest Gaining Streak Since 2006, Capesize Rates Fall

July 2 (Bloomberg) — Rates for the largest iron ore-carrying ships fell, ending the longest winning streak since 2006, on speculation demand for cargoes

July 2, 2013
Total Views: 43

Interesting

MOL Comfort’s Bow Section Breaks Free from Tow [UPDATE]

UPDATE (10 JUL): MOL Comfort Fore Section has Sunk UPDATE 3 July: Mitsui O.S.K. Lines (MOL) has announced that the towing line has been reconnected to the

July 2, 2013
Total Views: 56

oriental pioneer
Collision

Fuel Oil Leaks into the Sea After Ships Collide off Singapore

(Bloomberg) — Singapore deployed anti-pollution craft and patrol vessels to clean up an oil spill after two bulk carriers collided. About 100 metric tons

July 2, 2013
Total Views: 118

Uncategorized

COSCO Group Chairman Wei Jiafu Retires Amid Shipping Industry Slump

By Yimou Lee and Rujun Shen HONG KONG/SINGAPORE, July 2 (Reuters) – China’s largest shipping group, China Ocean Shipping (Group) Co (COSCO Group)

July 2, 2013
Total Views: 103