Buoyed by strong profits, Maersk gets into E-commerce
On August 2, A.P. Moller – Maersk gave market watchers a taste of what was to come, reporting an unaudited second quarter revenue of $ 14.2 billion, an underlying EBITDA of $5.1
Shipping
Oil clean-up efforts slow Golden Ray wreck removal efforts
Responders in St. Simons Sound, Ga., are continuing to deal with discharges of oil that began following separation of Section Six of the wreck of the car carrier Golden Ray. Yesterday, response
Energy density matters
By Steve Esau, General Manager, SEA-LNG Why does the energy density of marine fuels matter, especially when considering LNG and other future fuels? It matters because it informs new build investment decisions,
FMC probes ocean carrier congestion charges
The scope of the Federal Maritime Commission’s (FMC) scrutiny of ocean carrier behavior has broadened. In addition to its examination of detention and demurrage charges, it has has launched an expedited inquiry
Vessel total losses still low, but …
There’s good news and bad news in the latest annual Safety & Shipping Review from insurer Allianz Global Corporate & Specialty SE (AGCS). The good news is that international shipping industry continued
Novel LNG-fueled box ship puts deckhouse up front
The newbuilding department of Germany’s NSB Group has developed an interesting concept for an LNG-fueled containership of 3,500 TEU capacity, including about 940 FEU of reefer containers. One striking feature of the
Iridium gains trio of Japanese regulatory approvals
Iridium Communications Inc. (NASDAQ: IRDM) reports that Japan’s Ministry of Internal Affairs and Communications (MIC) has approved regulatory amendments necessary to allow for Japanese adoption of Iridium Certus broadband, Iridium Controller–Pilot Data
U.S. seizes sanctions busting tanker
U.S. authorities have yet to lay their hands on the alleged owner and operator of a tanker at the center of a sanctions busting scheme, but they have the ship. On Friday,
Golden Ray: Oil discharge follows latest cut
The St. Simons Sound Incident Response reports that wreck removal personnel separated Section Six from the remainder of the wreck of the capsized car carrier Golden Ray on Friday. However, during weight-shedding
Bug infested bulker ordered out of U.S. waters
U.S. Customs and Border Protection (CBP) agriculture specialists at the Port of New Orleans ordered the removal of a vessel due to invasive insects found in the wood dunnage that had been