Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price…
Second-hand Containership Prices Soar in the Face of Soft Shipping Rates Read More »
The U.S. Coast Guard is responding to a diesel spill from a grounded fishing vessel in Izhut Bay near Kodiak.The fishing vessel Sea Ern ran aground Monday with three crewmembers aboard.Approximately 3,500 gallons of diesel has been released…
Grounded Fishing Vessel Spills Diesel near Kodiak, Alaska Read More »
A livestock carrier’s engine failure in the Port of Fremantle, Australia, earlier this year highlights the need for ship owners and managers to properly manage maintenance, and for marine pilots to follow communication protocols, an ATSB final report n…
Lack of Maintenance Led to Livestock Carrier Engine Failure Read More »
Australia-based Provaris Energy has signed an agreement with global energy technology company Baker Hughes.The collaboration marks a significant step forward in the development and deployment of compressed hydrogen solutions for marine transportation a…
Provaris and Baker Hughes to Advance Compressed Hydrogen Solutions Read More »
Fairfield-Maxwell Ltd. (FML) is returning to the shipping industry in Japan and opening a new office in Tokyo aimed at participating in ship construction, ownership, investment and leasing.The new company will focus on being the tonnage provider…
Fairfield-Maxwell Returns to Japanese Shipping Industry Read More »