the incident

One crew feared dead after Japanese cargo ship collision

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

No forecast for 2021

ONE profits soar to US$3.5b from $105m in 2019

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

As COVID crisis dampens demand

LNG cargoes diverted from India

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

defence minister

Israel pledges to work with U.S. on Iran

"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

Maritime news

Iran says its ship Saviz was attacked in Red Sea

"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.

Egypt

Suez Canal shipping backlog ends, days after giant vessel freed

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.

New tender

Rijeka port to restart procedure for container terminal

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 COVID-19 emergency

Greece exempts seafarers from entry restriction

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

The operation

Polaris with Shipping of Another Rotor Set from UAE to Spain

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

The analysis

Demolition activity suffers as freight rates rebound

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

shipping

“Cargo theft has reached historic levels”

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

shipping

Rotterdam installs air quality sensors

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

shipping

Thomas Miller purchases Loadstar Marine

London - Thomas Miller, the international provider of insurance services, has concluded the purchase of Lodestar Marine Insurance’s book of business