Pirates have attacked and boarded a Danish-owned ship in the Gulf of Guinea and all communications channels with the vessel are down, a spokesperson for shipping company Monjasa said on Tuesday.All 16 crew members sought refuge in a safe room onboard the Monjasa Reformer vessel, the spokesperson said.
UBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.UBS could also try to sell the portfolio, but doing so could prompt owners to move their accounts elsewhere, the WSJ reported, citing people familiar with the matter.
In troubling news for the maritime sector, new data from RightShip shows reported rates of seafarer abandonment is on the rise with no signs of slowing down.U.K.-based RightShip, which provides an online safety and environmental risk management system for the global maritime industry, said 9,925 seafarers have been cast adrift over the last 20-years, including 1
A grounding incident was avoided thanks to swift action by a team of harbor tugs and pilots aboard a Panamanian registered containership that lost power in Southampton, U.K., according to a local pilots group.At around 11 a.m. on January 26, the 20,000 TEU containership MOL Treasure departed the Port of Southampton bound for Le Harve, amid good, though gusty, weather conditions
OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singapore and Europe. Today, the two companies manage 1,000 ships in different segments such as tank, bulk, container, car carriers
Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world's largest bunkering hub Singapore in 2022, official data showed on Monday.Equatorial overtook PetroChina International Singapore Pte Ltd, who dipped from its top ranking in 2021 to second spot in 2022
The U.S. Coast Guard cited the pilot’s failure to maintain situational awareness and attention while navigating, as well as inadequate bridge resource management as factors that led to the grounding of the 1,095-foot containership Ever Forward in the Craighill Channel earlier this year.
Three migrants rescued in Spain's Canary Islands, after apparently enduring an 11-day journey from Nigeria crouched on the rudder of a fuel tanker, should now be returned home under stowaway laws, a police spokesman told Reuters on Tuesday. In a photograph distributed on Twitter by the Spanish coast guard on Monday, the three stowaways are shown crouching on the rudder under the hull
Like swallows arriving in the spring, a chorus for Jones Act waivers can reliably be anticipated to accompany the annual parade of hurricanes across the geographical region covered by the Act. The logic: emergency situations dictate maximum emergency relief, and the Jones Act is perceived to be an obstacle to providing that relief. That perception is wrong.
An area of the Indian Ocean near Somalia—once known as a piracy hotbed—has been removed from the shipping industry's list of high-risk areas following more than a decade of military, political, civil society and the industry measures to secure the waters. No piracy attacks against merchant ships have occurred off Somalia since 2018.
Houston-based Industrial Service Solutions (ISS) announced Thursday it is seeking bids from U.S. shipyards to build up to four hulls for what will become North America's first fully-electric towboats.The zero-emissions vessels, which will be constructed for New York-based Zeeboat and available for charter from 2025, will run entirely on battery power
A software problem that blocked all ship traffic in the main channel between the Baltic and the North Sea on Sunday was not a hacker attack and has been fixed, a spokesperson for Germany's Kiel Canal Waterways and Shipping Authority said on Monday.The incident was caused by the installation of a new vessel traffic management software system, the spokesperson said.