Container lines capitulate and hit the charter market panic button
Boxship owners are making hay with a mini-boom in the charter market
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April 2024
Pilot Error Caused Tanker to Strike Naval Pier in South Carolina
A pilot maneuvering a vessel too close to a bank, before a turn on the Cooper River led to the collapse of a 300-foot section of pier at Joint Base Charleston’s Naval Weapons Station in South Carolina, the National Transportation Safety Board…
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Houthis Attack Four Ships in Indian Ocean, Red Sea
Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against Israel’s military actions…
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Ship Recycling Markets Looking for More Growth
The ship recycling markets have shown a mixed picture during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in the ship recycling markets across four key destinations, distinct tren…
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Safe mooring: Navigating new IMO regulations with DNV
The high frequency of mooring operations and a high level of human involvement have resulted in multiple safety incidents related to mooring over recent years. The International Group of P&I Clubs reported 858 injuries and 31 fatalities involving m…
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