Archives: News
Smart container fleet to expand 8-fold over 5 years – Says Drewry
The global telematics enabled container equipment fleet is forecast to grow eight-fold over the next five years and account for 25% of global box inventories by 2026, according to a new report from UK consultancy Drewry.
Shipping Ministry Announces 6 Service Opportunities For Agniveers
The announcement comes amid widespread protests against the ‘Agnipath’ scheme for recruitment of soldiers in the armed forces on a short-term contractual basis.
The Ever Given incident may cost $2Bn in claims
According to a top French reinsurer, the Ever Given containership’s six-day blockade of a crucial maritime commerce corridor last year might result in more than $2 billion in claims.
UN Launches Crowdfunding Campaign In Millions To Prevent Major Disaster From Decaying Oil Tanker
UN starts a crowdfunding campaign to raise about $80 million in emergency operations to transport oil from the FSO Safer to a temporary ship.
Livestock Carrier Capsizes and Sinks, Killing 15,000 Sheep
A ship carrying nearly 15,000 sheep, carrying nearly twice its permissible maximum load, capsized and sank at its berth at a port in Sudan.
Thousands of South Korean Truckers Broaden Strike Action
South Korean truckers are on strike, protesting gasoline prices & seeking minimum salary guarantee. It’s an early test for the new President.
The ‘Spirit of Norfolk’ Passenger Cruise Catches Fire with 89 School Children
While running a field trip for elementary school pupils, a well-known excursion ship that conducts excursions in Norfolk port and along the Elizabeth River caught fire today.
Consumers Can Now Pay for Bunkers Using Bitcoin in Colombia
Colombia-based bodily provider CI International Fuels is now in a position to settle for funds for bunkers utilizing digital currencies similar to Bitcoin and Ether
MAN Engines introduces the first hydrogen dual fuel engine for workboats
In May, MAN Engines put its first two dual fuel hydrogen-powered engines for workboats into serial operation. These comprise two 12-cylinder MAN D2862 LE448 diesel engines, each with an output of 749 kW (1,019 hp) at 2,100 rpm.
UK and EU agree to ban insurance on ships carrying Russian Oil
After the European Council voted to ban Russian oil imports by sea, the UK and EU agreed to a ban on insuring ships transporting Russian oil.
Oil prices jump after EU leaders agree to ban most Russian crude imports
In order to win the votes of Hungary and other countries that rely heavily on Russian petroleum, the European Council decided in principle to restrict seaborne imports of Russian oil while preserving a loophole for pipeline exports.
Glencore to pay $341 million fine over US fuel oil price manipulation
Glencore Ltd. pleaded guilty and obliged to pay over USD 1.1 billion to resolve the government’s investigations into infringements of the Foreign Corrupt Practices Act (FCPA) and an oil price manipulation scheme.