Graphic courtesy Allianz Global Corporate & Specialty SE 04 JUN 2019 Large shipping losses in 2018 fell to their lowest level this century, having declined by over 50% year-over-year, according to Allianz Global Corporate & Specialty SE’s annual review of shipping losses over 100 gross tons. Allianz’s Safety & Shipping Review 2019, …
Read More »RECORD NUMBER OF SUPERTANKERS LOADING AT LOUISIANA OFFSHORE OIL PORT
03 JUN 2019 Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter. The six scheduled loadings …
Read More »BLOCKCHAIN IS ABOUT TO REVOLUTIONIZE THE SHIPPING INDUSTRY
26 MAY 2019 Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. That last throwback to 19th century trade is about to …
Read More »RUSSIAN CAPTAIN ACQUITTED OF MARPOL VIOLATIONS IN U.S.
M/T Ridgebury Alexandra Z. 31 MAY 2019 A jury in the Western District of Louisiana has acquitted the Russian Master of an oil tanker on all charges related to illegal discharges from the vessel. After spending more than 19 months detained in Lake Charles, Louisiana, Captain Vjaceslavs Birzakovs, Master of …
Read More »SHIPPING GIANTS JOIN MAERSK’S BLOCKCHAIN PLATFORM
28 MAY 2019 Mediterranean Shipping Co (MSC) and CMA CGM, two of the world’s biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry. With MSC and French-based CMA CGM, the second- and fourth-largest container shipping …
Read More »U.S. BLAMES IRAN’S REVOLUTIONARY GUARDS FOR TANKER ATTACKS
UAE Navy boats next to Al Marzoqah Saudi Arabia tanker are seen off the Port of Fujairah, UAE May ,13, 2019. 24 MAY 2019 The United States announced on Friday the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as …
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