High winds play role in Yang Ming box loss
Taiwanese container line’s 4,250-teu YM Efficiency (built 2009) lost 83 boxes amid winds of almost 50 knots, according to initial report.
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Newbuilding Activity Subdued, but Some Orders are Pouring in the Tanker Segment
The summer lull is about to hit the newbuilding ordering market soon. But until that happens, there are still some orders reported. In its latest weekly report, shipbroker Allied Shipbroking said that “relatively increased activity was seen this past w…
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Port state control to focus on ship emissions
The Paris MOU, Tokyo MOU, Indian Ocean MOU and Black Sea MOU port state control (PSC) regimeshave agreed to focus on the prevention of air pollution by ships during their forthcoming concentrated inspection campaigns (CICs). The CICs will be carried ou…
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Cargotec: Improvements In The Container Shipping Industry Cash Flow Depend On How We Feel About Data And Collaboration
If you compare the container shipping industry with the commercial aviation industry, both are asset-heavy and exposed to global competition, and economic risks (fuel and operational disruptions). Both also sell goods with low marginal cost that requir…
New Scholarship Established at SUNY Maritime
Rear Adm. Michael Alfultis, president of SUNY Maritime College, today announced the establishment of the Ruth Mulan Chu Chao and James Si-Cheng Chao Endowed Scholarship Fund as a permanent, need-based scholarship. The scholarship has been funded by Dr….
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