The Japanese coast guard was not immediately reachable by phone on Sunday. Japan's Transport Safety Board is conducting an investigation on board the chemical tanker, identified as the Ulsan Pioneer, which remained near the accident site
The SCA is seeking compensation of $916 million for the disruption suffered but said on Tuesday it would be willing to accept a reduced sum of $550 million, including a $200 million deposit paid to secure the ship’s release and the remaining amount payable through letters of credit.
Tokyo - Japanese container line headquartered in Singapore ONE has reported a US$3.5 billion profit for 2020 - an astonishing leap from the $105 million profit declared for 2019. The earnings surge came on the back of a 21 per cent increase in annual revenue
Singpore - Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday. Six LNG tankers diverted away from India since April 20
“Towards a low-carbon shipping industry / Maritime transport and the environment: ideas, projects, investments”
International supply chains were thrown into disarray when the 400 metre (430 yard) Ever Given ran aground in the canal on March 23
"Our bilateral relationship with Israel in particular is central to regional stability and security in the Middle East. During our meeting I reaffirmed to Minister Gantz our commitment to Israel is enduring and it is ironclad," Austin said
"The explosion occurred on Tuesday morning near the Djibouti coast and caused minor damage with no casualties. The vessel was a civilian ship stationed there to secure the region against pirates," Foreign Ministry spokesman Saeed Khatibzadeh said.
International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free her after extensive dredging and repeated tugging operations.
Switzerland's MSC, the world's no.2 container shipping line, said all major container carriers had been impacted by the blockage in the Suez Canal
Scerni, son of the former president of the Genoa CFC football team, was a resident in Montecarlo. A worldwide known sailor, Paolo Scerni was an appreciated shipping entrepreneur.
Rijeka - Croatia's Rijeka port will restart the procedure for selecting a concessionaire to develop and run the Zagreb Deep Sea container terminal. The board of directors of the Rijeka port has decided to cancel the current selection process and launch a new tender. In September, Luka Rijeka extended the procedure for selecting a concessionaire for the terminal until the end of the year due to the coronavirus pandemic
The authority cited a decision from a Miami-based arbitration board it said was issued earlier on Friday
Soleimani, head of Iran's elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed in January in a U.S. strike on their convoy in Baghdad airport
Athens - Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following countries
Dubai - Polaris Shipping Agencies have shipped out a second rotor set from Khalifa Port in Abu Dhabi to Escombreras Port in Spain. The OOC cargo had shipping dimensions of 12.20 x 4.05 x 3.85m and a unit weight of 95mt. The scope of work handled by Polaris included pre-carriage from the supplier, all origin export requirements and sourcing of a suitable vessel on liner terms hook/hook
Athens - As freight rates, particularly in the dry bulk market, ships’ recycling activity has taken a hit. In periods of a strong market environment, demolition activity tends to suffer and this has occurred once more
The travel sector is a large driver of the gross domestic product, which the central bank fears could contract between 9.5%-12.4% in 2020
A “ghost ship” abandoned by its crew has run aground on rocks on the south coast of Ireland after drifting in the Atlantic for 17 months
A new “freshwater” charge introduced this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year
China is struggling to resume normal trade operations as fallout from the coronavirus outbreak hits container shipping lines and logistics chains, with goods stuck and costs mounting
Seoul - South Korea’s Ministry of Oceans and Fisheries has begun its “Vessel Speed Reduction Program” as an effort to reduce fine dust from ships
Copenaghen - According to Risk Intelligence, it “is affecting all modes of transport across the logistic supply chain.” The Danish company will partner with the Transported Asset Protection Association to enhance the visibility of cargo theft
Brussels - The European Commission has approved under five schemes to support maritime transport in Cyprus, Denmark, Estonia, Poland and Sweden
Hanoi - Maersk has launched its new logistics centre in the Bac Ninh province, in Vietnam, to address the needs of a high-demand North Vietnam market
London - European diesel refining profit margins have tumbled as a slowing global economy has hit fuel demand harder than forecast despite expectations of a boost from new fuel shipping rules
London - Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades
Rotterdam - The Port of Rotterdam has installed an air quality sensor, an application with real-time readings displays vessel emissions for inspectors when vessels enter or leave the port
Zurich - ABB has secured a 157 million euros contract to supply power, propulsion and digital solutions for Genting Hong Kong’s six ‘Universal Class’ vessels
London - Thomas Miller, the international provider of insurance services, has concluded the purchase of Lodestar Marine Insurance’s book of business