Tech

12 AUG 2019 Fire has swept through several containers aboard the APL Le Havre just days after carriers announced they would impose heavy fines on misdeclared dangerous goods. The Ministry of Defence in Gujarat State said fire had forced a diversion of the 10,100 teu vessel on Friday night, after it left …

11 AUG 2019 Liquefied natural gas tankers are taking longer-than-usual journeys to deliver cargoes and spending more time idling at sea in a sign some traders are starting to use vessels for storage. There may be other reasons for keeping the cargoes on the water, including logistical or weather issues, …

10 AUG 2019 The semi-submersible heavy lift vessel Black Marlin has arrived at the Port of Rotterdam with a monster load of prefabricated hulls for Damen. The load in total comprised of seventeen inland shipping vessels hulls and Damen crane barge. The hulls and crane barge were constructed in China …

09 AUG 2019 The Baltic Exchange’s main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 28 points, or 1.6%, …

08 AUG 2019 The U.S. maritime agency has told U.S.-flagged commercial vessels they should send transit plans in advance to American and British naval authorities if they intend to sail in Gulf waters following several incidents over tankers involving Iran. The seizure of commercial vessels and attacks on tankers near …

07 AUG 2019 With the IMO 2020 regulations approaching, it is important that commercial operators are aware of the potential impact that volatile fuel prices may have on their operations. The effect the new MARPOL provisions will have on bunker prices is not yet clear though it is expected to …

06 AUG 2019 Economic warfare is being fought with an intensity not seen since the period leading up to World War II as countries deploy tariffs, embargoes and economic sanctions to force policy changes or punish their adversaries. Free trade is coming off second best, and global trade has stalled. …

05 AUG 2019 The Swedish tanker operator Stena Bulk protested the continued detention of the UK-flagged Stena Impero by Iranian authorities, describing the action as “unacceptable and unjustifiable.” The vessel has been in Iranian custody for 19 days. “We are maintaining limited communication with the crew onboard and although they remain in …

04 AUG 2019 The sharp escalation in the US/China trade war could see some short-term front-loading gains for transpacific carriers on the headhaul route, but it spells trouble longer-term, particularly on the backhaul. Hitting back at President Trump’s Twitter announcement last week of a 10% tariff on a further $300bn …

03 AUG 2019 Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed. The shipyard, whose towering yellow cranes dominate the Northern Irish city’s skyline, has been …