Russian freighter struck tanker, Master was intoxicated
Russian general cargo ship EVOLUTION 8 struck berthed chemical tanker GOLDEN CREATION at around 2000 Seoul time Aug 18 at Gamcheon, Busan, Korea, while shifting berths. Both ships were damaged…
Russian oil export down 115,000 barrels/day in July
Russian oil export contracted by 115,000 barrels daily to million barrels per day in July 2022, the International Energy Agency (IEA) said in its August report, Trend reports with reference…
UK prioritises seabed mapping in new security strategy
Image by Seatrade Maritime The UK has unveiled a new five-year maritime security strategy covering physical and cyber threats. The new strategy was announced by UK Secretary of State for…
Greece to exit EU’s ‘enhanced surveillance’ framework after 12 years
Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a move that will allow the country greater freedom in making…
Two more grain ships sail from Ukraine as 3rd port opens
Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last…
Grimaldi bolsters hybrid RoRo fleet, receives Eco Adriatica
Italian shipowner Grimaldi has taken delivery of Eco Adriatica, the 11th of a series of 12 hybrid Roll-on-Roll-off RoRo vessels. With the delivery of Eco Adriatica, the fleet of Grimaldi…
Insurance for grain- laden ships leaving Ukraine skyrockets
London’s insurance industry is gearing up to cover Ukrainian grain and fertilizer shipments via a safe corridor, which could require up to US$50 million per insured cargo, industry sources said…
Panama Canal welcomes transit of largest vessel by cargo capacity
CMA CGM’s Zephyr containership has become the vessel with the largest cargo capacity to ever transit the Panama Canal. The 16,285 TEU boxship completed its return trip through the Expanded…
How China’s military exercises off Taiwan affect shipping
In further disruption to the supply chain vessels face being forced to divert from the Taiwan Strait as China launches large-scale, live firing military exercises in the key waterway. China…
U.S. emergency crude stockpile falls to lowest in 37 years
The United States emergency crude oil stockpile fell by million barrels last week to its lowest level since May 1985, according to the Department of Energy on Monday. Crude held…
