The 400 metre container ship CSCL Indian Ocean remains stuck today after it grounded last week.
A policy letter soon to be published by the US Coast Guard will contain “very little” not already covered in the IMO convention, according to the coastguard’s top safety official. "The only reason I’m even entertaining the idea of putting a policy letter out is because of all the angst in the industry,” Thomas told IHS Fairplay.
Indonesia is expected to maintain its ban on majority foreign ownership of its seaports in a revised version of its restrictions on foreign participation in the economy due to be issued next week.
Stricter standards governing the use of voyage data recorders on commercial vessels may be necessary based on what's so far known in the investigation into the sinking of the El Faro, according to the US Coast Guard. “I think it’s a very likely consequence,” Coast Guard Commandant Paul Zukunft told IHS Fairplay in a recent interview.
Western Bulk, the listed Norwegian dry bulk shipping company to be known as Bulk Invest ASA, says it has executed a sale agreement of its 100% owned subsidiary Western Bulk Chartering with Kistefos Equity Operations AS following an accelerated auction process involving identified interested parties.
Fall in container freight rates accelerated in December and the latest falling trend that started in September thus gained momentum, figures released today by Container Trade Statistics (CTS), the UK based consultancy show.
Maersk Line confirmed today that one of its containerships and its 25-strong crew were saved by the Nigerian navy after pirates boarded and took control of the vessel off the Nigerian coast last Friday.
Oslo-listed Tanker Investments, a company set up by the Teekay group to invest in secondhand tankers, has decided to launch a second USD60 million share purchase programme as it enjoyed a record quarter in 4Q15.
Heralding a major commitment to the modernisation and strengthening of its all-reefer container carrying capacity, US-based Dole Food Company has phased the first of a new generation of self-sustaining vessels into scheduled service between California and Latin America.
Indonesian flagged, general cargo vessel Noah Satu (IMO9313620) has once again been banned from entry to Australian ports for breaching safety and crew welfare requirements. Australian port state control (AMSA) yesterday announced it had directed the vessel not to enter or use any Australian port for 12 months.
Fears that Europe could control the global recycling industry and destroy South Asia's industry were voiced at a recycling seminar in London last week.
As capacity climbs and fleets grow younger, what types make up the world fleet of vessels aged 10 years or less?