Category: Hoortash Iranian

Hoortash Iranian
4 Sep by

Litany of safety issues emerge as search for livestock carrier crew continues

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 […]
Hoortash Iranian
4 Sep by

VLEC due for delivery next month suffers water ingress

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 […]
Hoortash Iranian
4 Sep by

More ammonium nitrate found at Beirut port

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 […]
Hoortash Iranian
4 Sep by

Eastern Pacific wins race to charter LNG-powered newcastlemaxes to BHP

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 […]
Hoortash Iranian
4 Sep by

DP World and Canadian fund commit additional $4.5bn to port investment platform

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% […]
Hoortash Iranian
4 Mar by

South Korea faces ‘unprecedented’ supply chain chaos from spread of coronavirus

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 […]
Hoortash Iranian
Hoortash Iranian
4 Mar by

Smoke turns to fire sale as PIL fights to salvage balance sheet

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 […]
Hoortash Iranian
3 Mar by

Record numbers of blanked sailings lead to severe container equipment imbalance

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 […]
Hoortash Iranian
3 Mar by

Maersk doubles down on Panama Canal freshwater surcharge

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 […]

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