Norway Warns Global Shipping of Fake Marine Insurer
Norwegian authorities are alerting the international shipping industry about another fraudulent maritime insurer operating under the radar.
Shipping
Containership Prices Hit Record High with New Evergreen Deal
Container ship prices have reached an all-time high following Evergreen’s recent order for eleven LNG dual-fuel vessels according to reports.
Fire Aboard Crystal Asia Injures Six Near South Korea
On March 25 fire broke out on the Crystal Asia, a Russian-flagged refrigerated cargo ship, while it was approximately 8 km off the coast of Busan
Gas Tanker Grounds Off Koh Larn, No Leaks Reported
In the early hours of March 25th, a gas tanker called NP Bangpakong ran aground off the coast of the island of Koh Larn, Thailand.
UK to Add Shipping to Emissions Trading Scheme in 2026
Starting next year, the UK shipping industry will be included in the UK Emissions Trading Scheme as part of new maritime decarbonization measures
Tugboat and Bulk Carrier Collide Off Sarangani Coast
A collision took place on March 25 involving the Philippine-flagged tugboat M/TUG Sadong 33 and the Panama-flagged bulk carrier Universe Kaisa.
Wallenius Wilhelmsen Secures Major 10-Year Contract Extension
Norwegian car carrier company Wallenius Wilhelmsen has secured a 10-year contract extension with a global automotive equipment manufacturer.
MSC Houston V Diverts to Vigo After Losing Containers at Sea
The container vessel MSC Houston V, sailing under the Portuguese flag, encountered severe weather off Portugal’s southern coast on March 20th.
Cargo Vessel Bers Towed After Engine Failure in Bosphorus
General cargo vessel Bers experienced an engine failure while passing through the Bosphorus near the July 15 Martyrs Bridge in Turkey on March 19
Bulk Carrier Detained for Unauthorized Anchoring in Malaysia
The Malaysian Maritime Enforcement Agency (MMEA) in Perak has detained the bulk carrier Queen Harmony for anchoring without permission.
Cargo Vessel Venture Refloated After Running Aground in Elbe
On March 18, the Antigua Barbuda-flagged cargo vessel Venture suffered an engine failure and ran aground in the Elbe River near Hamburg.
LNG Tanker & Bulker Collide at Gibraltar Anchorage
Early hours of March 18, LNG tanker SM Kestrel collided with anchored bulk carrier Diamond Star II at the western anchorage of the Bay of Gibraltar.
Tugboat Sinks After Collision with Containership in Callao
A collision between the tugboat Westport and the containership A. Idefix on March 14 in the Callao Sea resulted in the sinking of the tugboat.
Pirates Attack Tanker Near São Tomé and Príncipe
A Panama-flagged asphalt/bitumen tanker was boarded by three armed pirates late Tuesday while sailing off the coast of São Tomé and Príncipe.
U.S. LNG Producers Seek Higher Prices Amid Rising Costs
Several U.S. LNG producers are looking to renegotiate higher prices with buyers due to increasing construction, labor, and borrowing costs.
Grimaldi Group Takes Delivery of Final GG5G Vessel, ECO Napoli
The Grimaldi Group has officially taken delivery of the ECO Napoli, marking the completion of its GG5G-class vessel series.
Elbdeich Reederei Confirms Order for Two More Containerships
Elbdeich Reederei finalizes orders for two new containerships from Huangpu Wenchong Shipyard in China, reinforcing its fleet expansion strategy.
MSC Rhiannon Refloated After Grounding Off Istanbul Coast
The container ship MSC Rhiannon ran aground near Yeşilköy, off the Istanbul coast, while attempting to change anchorage.
NGOs Urge EU to Act Over Livestock Carrier’s Troubled Voyage
A coalition of non-governmental organizations has sent an open letter to the European Commission and Commissioner for Health and Animal Welfare.
Insurance Implications & Financial Impact Of North Sea Incident
The accident is expected to result in substantial insurance claims, with estimates ranging from $100 million to $300 million.