Category archives for: Shipping News

Star Bulk Fleet Expansion Bears Fruit

Star Bulk Fleet Expansion Bears Fruit

Dry bulk owner and operator Star Bulk, which has undergone an overall transformation over the last two years, has acquired a total fleet of 75 modern and high quality vessels, while deploying a minimal amount of existing cash resources, according to the company’s CEO. These result from a recently announced merger of Star Bulk and […]

Strike at Ningbo Port Turns Violent

Strike at Ningbo Port Turns Violent

A massive strike by as many as 10,000 truck drivers at Ningbo’s Beilun Container Port erupted into violence on August 20, as protestors clashed with riot police and smashed the windshields of trucks crossing the picket line, according to China Labour Bulletin. Truck drivers, unhappy at haulage rates which had remained unchanged for the past eight […]

European Freight Volumes Build Up

European Freight Volumes Build Up

The Port of Gothenburg six-monthly report published today shows that European freight volumes strengthened during the first half of the year whilst global container trade fell. Around 30 per cent of Swedish imports and exports pass through the Port of Gothenburg. Fluctuations in the economy are reflected very clearly in variations in freight flows. Ro-ro […]

Shvabe Holding Testing Ice-Cutting Laser Cannon

Shvabe Holding Testing Ice-Cutting Laser Cannon

Specialists at Russia-based Shvabe Holding, part of Rostec Corporation, are ready to test their latest creation, a ship-mounted laser cannon that can cut through ice. “We developed this ship-mounted laser for exploration and development in the Arctic, which has difficult ice conditions where platforms must operate and ships must pass through. This laser works like […]

Maersk Line Keeps the Lead

Maersk Line Keeps the Lead

Danish shipping giant Maersk Line has cemented its top rating as most reliable line company, according to  maritime analyst SeaIntel’s midyear review. According to the review, during the second quarter, the overall industry reliability has improved. However, there is a widening gap between industry players. Maersk Line scored an above-industry rating of 86.1%,  which was […]

Ice Crusts Melting Faster Than Ever

Ice Crusts Melting Faster Than Ever

Researchers from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI), have for the first time extensively mapped Greenland’s and Antarctica’s ice sheets with the help of the ESA satellite CryoSat-2, and have thus been able to prove that the ice crusts of both regions momentarily decline at an unprecedented rate. In […]

UPDATE: Genco Challenger Stays in Service after Stabbing Incident

UPDATE: Genco Challenger Stays in Service after Stabbing Incident

The recent stabbing incident onboard tanker Genco Challenger that resulted in two seafarers dead and one injured will not affect the vessel’s operation as “Genco Challenger remains in service”, Genco Shipping & Trading Limited said in a statement. In addition, Genco said that it did not expect this matter would result in any negative impact […]

Zengzhou Shipbuilding Bags Five

Zengzhou Shipbuilding Bags Five

U.S.-based Marine Capital has placed an order for five 33,200dwt handysize bulkers with the Chinese shipbuilder Zhejiang Zengzhou Shipbuilding. The value of the contract has not been revealed, but the bulkers are expected to start delivery in October 2015 concluding in July 2016. Once delivered, the newbuilt bulkers will be operated by Bermuda owner Interlink. […]

VIDEO: Life on the High Seas

VIDEO: Life on the High Seas

The International Labour Organisation ILO marks a year since the Maritime Labour Convention, 2006 entered into force worldwide on August 20, 2013. The MLC, 2006 provides comprehensive protection at work for seafarers. ILO TV travelled on board a container vessel to hear first-hand from seafarers what it’s like to spend months at sea and what […]

IMB: Shipping Next Playground for Hackers

IMB: Shipping Next Playground for Hackers

The International Maritime Bureau (IMB) is calling for vigilance in the maritime sector as it emerges that shipping and the supply chain is the ‘next playground for hackers’. IMB said, “Recent events have shown that systems managing the movement of goods need to be strengthened against the threat of cyber-attacks. “It is vital that lessons […]

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