10 SEPT 2019 With the remaining four Golden Ray crew members safe and sound, the U.S. Coast Guard and salvage crews are shifting focus to environmental protection and salvage of the overturned car carrier near one of the busiest auto ports in the country. According to the Coast Guard, currently …
Read More »CREWS RESCUE FINAL CREW MEMBER FROM OVERTURNED CAR CARRIER IN GEORGIA
09 SEPT 2019 Rescue workers on Monday freed the final crew member trapped inside a South Korean cargo vessel that flipped on its side off the coast of Georgia, the U.S. Coast Guard said. Salvage crews gradually drilled an opening in the ship’s massive hull on Monday, first to deliver …
Read More »IMO 2020: DIRTY FUEL OIL DOWN BUT NOT OUT
08 SEPT 2019 Asia’s spot premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships. But as the deadline approaches, analysts and traders agree that …
Read More »CMA CGM STAYS IN RED
CMA CGM Vasco De Gama. 07 SEPT 2019 PARIS, Sept 6 (Reuters) – CMA CGM, the world’s fourth-largest container shipping firm, reported a second straight quarterly loss as its takeover of CEVA Logistics weighed on its results, but said its business volumes remained strong thanks to growth in the U.S. …
Read More »NORTHERN SEA ROUTE SHIPPING EXPECTED TO QUADRUPLE BY 2024
The LNG-powered Lomonosov Prospect in the Northern Sea Route. 06 SEPT 2019 Russia expects shipping along the Northern Sea Route in to increase more than four-fold by 2024 compared to 2018 levels. The outlook was presented this week during a working meeting of the Northern Sea Route (NSR) Public Council …
Read More »ABANDONED CARGO SHIP FOUND DRIFTING IN THE MID-ATLANTIC
An image of the mystery ghost ship found abandoned in mid-Atlantic. Royal Navy Photo 05 SEPT 2019 The Royal Navy ice patrol ship stumbled upon a mysterious ghost ship while in underway in the mid-Atlantic Ocean earlier this week. The Royal Navy’s HMS Protector came across the abandoned vessel on …
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