4 Sep
by admin
Bruce Colyer / MarineTraffic A litany of past safety issues are emerging from archives relating to the sunken Gulf Livestock 1. The converted boxship, owned by the UAE’s Gulf Navigation, lost power on Tuesday evening while transiting through a typhoon off southern Japan. It was hit broadside by a massive wave and capsized. Just one […]
4 Sep
by admin
A very large ethane carrier (VLEC) newbuilding under construction at South Korean yard Hyundai Heavy Industries (HHI) has been damaged by Typhoon Maysak, one of the more ferocious storms to hit the Korean Peninsula in recent years. According to South Korean media reports, the 98,000 cu m VLEC Pang Tian suffered water ingress and listed […]
4 Sep
by admin
The Lebanese army found another 4.35 tonnes of explosive ammonium nitrate yesterday near the entrance to Beirut port, one month on from the deadly blast caused by 2,750 tonnes of the same substance that ripped apart much of the city. Army engineers were “dealing with it,” according to an army statement carried by the state […]
4 Sep
by admin
Idan Ofer’s Singapore-headquartered Eastern Pacific Shipping (EPS) has been chosen to fulfil mining giant BHP’s requirement for LNG dual-fuel bulk carriers. EPS has sealed an agreement with BHP to charter five dual-fuel newcastlemaxes to the Australian miner for a period of five years. The vessels are scheduled to deliver during 2022, and will be used […]
4 Sep
by admin
Dubai-based port operator DP World and its Canadian partner Caisse de dépôt et placement du Québec (CDPQ), an institutional investor, have committed an additional $4.5bn investment to expand the ports and terminal network they own and operate. The additional funds will raise the combined investment by the two parties to $8.2bn. DP World owns 55% […]
4 Mar
by admin
March 4th, 2020 Jason Jiang Asia 0 comments South Korea is grappling with supply chain chaos not seen since Hanjin Shipping collapsed four years ago. The escalation of the coronavirus in South Korea has caused major burdens on many industries in the country, including manufacturing, shipping, ports and shipyards. South Korea has raised its alert […]
4 Mar
by admin
March 4th, 2020 Sam Chambers Operations 1 comments Shipping stands accused today of being worse than Big Tobacco when it comes to human rights and sustainability. It is almost a decade since the United Nations adopted its principles on business and human rights, but a new report out this week suggests shipping continues to ignore […]
4 Mar
by admin
March 4th, 2020 Sam Chambers Asia, Containers 0 comments The financial health of SS Teo-led Pacific International Lines (PIL), the world’s tenth largest container carrier, has been the source of much conjecture of late with ships being detained and late charter and bunker payments all making headlines. The privately held Singapore liner is quitting the […]
3 Mar
by admin
March 3rd, 2020 Sam Chambers Containers, Greater China, Ports and Logistics 0 comments The container shipping industry is facing up to acute shortages of boxes at ports in Europe and North America, a situation that could worsen in the coming weeks. Data from Hamburg-based Container xChange, an online box repositioning platform, shows that thanks to […]
3 Mar
by admin
March 3rd, 2020 Sam Chambers Americas, Containers, Europe, Operations 0 comments Maersk risks irking the shipper community by doubling down on Panama Canal tariffs. In the wake of the canal authority’s decision to raise a $10,000 per transit fresh water surcharge for all ships longer than 38.1 m, a measure that came into effect last […]
