Operations at New York and New Jersey’s cargo terminals were being restored on Friday night after more than a thousand longshoremen walked off the job earlier in the day, shuttering one of the United State’s busiest port networks, officials said.
Archives for January 2016
Drewry: Dry Bulk Shipping Needs Drastic Measures
Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
DNV GL Gives General Approval for VARD’s New LNG Tank
VARD’s new LNG tank design has been granted General Approval for Ship Application (GASA) by DNV GL. The new LNG-type B-tank design is based on vertical cylindrical-shape geometry and has a patented support design.
Listing Freighter Drifts Towards France’s Atlantic Coast
A crippled cargo ship was drifting slowly towards the French Atlantic coast on Friday as rescue teams struggled to board the distressed vessel.
Mitsui OSK (MOL) May Book 180 Bln Yen Special Loss On Restructuring
Mitsui OSK Lines (MOL), one of Japan’s Big Three shippers, may suffer up to a 180 billion yen ($1.5 billion) special loss in the fourth quarter ending in March as it restructures its operations amid slowing global trade and vessel oversupply. The expected charge comes as the Baltic dry-bulk index , a basket of dry […]
Singapore Slaps S$180,000 Fine On N. Korea-Linked Shipper
Singapore-based Chinpo Shipping Company (Private) Ltd was fined S$180,000 ($125,698) on Friday for facilitating a shipment of arms to North Korea in violation of U.N. sanctions.
Watch: Salvage Operation of Car Carrier Baltic Ace
The Baltic Ace car carrier sank in 2012 with more than 1,400 cars on board after a collision with a container ship near the entrance of the main shipping lane leading to Rotterdam port.
Real Life Accident: Incinerator Safety Devices Bypassed, 4th Engineer Loses Forearm
The ship’s 4th engineer while inspecting the incinerator got his arm trapped. After evacuating, surgery was performed but to no avail and amputation of the forearm was unavoidable.
Understanding Ship Fin Stabilizer and Its Operation
The function of a fin stabilizer, found at the bottom part of the ship’s hull, is to provide resistance to the excess rolling of ship in either direction.