As world piracy hits a new high, more ships are escaping Somali pirates, says IMB report

Posted on October 19, 2011 by Editor

Wednesday, 19 October 2011 00:00 Piracy on the world’s seas has risen to record levels, with Somali pirates behind 56% of the 352 attacks reported this year, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) revealed today in … Continue reading →

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Rena Oil Spill- Photos tell the story

Posted on October 19, 2011 by Editor

http://www.nzherald.co.nz/rena-oil-spill/news/image.cfm?c_id=1503203&gal_cid=1503203&gallery_id=122106#8163429 The container ship Rena, heading to the Port of Tauranga from Napier, struck the Astrolabe Reef and subsequently has spilled tonnes of oil, resulting in the biggest marine pollution disaster ever to happen in New Zealand. 1 of 10 … Continue reading →

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Immediately After Christening- 17 Million Luxury vessel sinks

Posted on October 19, 2011 by Editor

Immediately After Christening by Joe on Wednesday, October 12, 2011 Recently a luxury leisure boat purported to cost over 17 million RMB sank stern first as soon as it entered the water near Lanzhou city in Gansu Province. Most netizens … Continue reading →

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List of Least Corrupt Countries 2010 2011 In The World: States And Nations

Posted on October 18, 2011 by Editor

Mohsin Ali | Oct 27, 2010 | Transparency International is the world organization which measures corruption in all the countries of the world. According to this list in 2010, Denmark, New Zealand and Singapore are the least corrupt countries with … Continue reading →

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Marine Air Bags-China: Nantong Dongxin Shipyard Launches Cargo Ship with Eversafe Marine Airbags

Posted on October 18, 2011 by matson

Posted on Oct 18th, 2011 Nantong Dongxin Heavy Industry is a fast growing shipbuilding company located in China. Recently its new built DWT28,000 cargo ship was successfully launched with marine airbags by Eversafe Marine. The ship named “zhong ning hai” … Continue reading →

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Piracy at Sea: Maersk to Make More Regular Use of Armed Guards on Ships

Posted on October 18, 2011 by matson

Posted on Oct 17th, 2011 AP Moller-Maersk will make more regular use of armed guards on tankers passing through the Gulf of Aden, the company has confirmed. However, there are “no immediate plans” to extend the policy to containerships, Maersk … Continue reading →

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Krishnapatnam Port- India- wins Lloyd’s Award

Posted on October 18, 2011 by matson

Posted on Oct 17th, 2011 Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the category of Port Operator Award at the Lloyd’s List Awards, Global 2011. … Continue reading →

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Luxury cruise ship sinks after launch

Posted on October 17, 2011 by Editor

A 17 million yuan (US$2.68 million) luxury cruise sank in the Yellow River immediately after it was launched in Lanzhou in northwest China. The ship, “Jiugang” went down due to a mishandling error on September 29 and was salvaged three … Continue reading →

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Capesize Shipping Costs Climb to 10-Month High on Ore Imports

Posted on October 17, 2011 by Editor

 

Capesize_cargo_01_topThe cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore shipments to China, the largest consumer of the material, will average 60 million metric tons from September

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Container shipping poised for more lay-ups as fleet will grow by 8.7% in 2011

Posted on October 17, 2011 by Editor

Container shipping poised for more lay-ups as fleet will grow by 8.7% in 2011

Container_ship_13_top“Jealous” over the other shipping segments troubles, container shipping is facing a potential oversupply of vessels, which should lead to more lay-ups suggests the latest survey from BIMCO. According to the report, the organizations forecasts the inflow

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