yacht was impounded in Bali amid a multi-billion dollar corruption investigation launched by the U.S. Department of Justice (DOJ) and tied to Malaysian state fund 1Malaysia Development Berhad (1MDB). Police seized the
yacht, "Equanimity", after receiving a letter from the FBI requesting help to enforce a court order. The yachts AIS had allegedly been switched off several times in waters around the Philippines and Singapore.
gratitude to all creditors, from brokers to suppliers and the banking system, namely Monte dei Paschi di Siena, MPS Capital Service, Banco di Napoli and UniCredit. With their vote they allowed a historic company to stay
in Italy and keep jobs safe for 340 people the company noted.
numbering between 70 and 73, came off the 2016-built Maersk Shanghai on Saturday night while the ship was about 20 miles from Oregon Inlet, North Carolina. There 10,081 teu vessel alerted Sector North Carolinas command
centre after the containers were lost with the ship in high winds and heavy seas. Americas east coast has experienced violent winds (approaching hurricane force), rain and flooding over the weekend.
after falling into the water while disembarking from a Hapag-Lloyd boxship on Wednesday morning during stormy weather. The incident is under investigation. Despite regulatory requirements there continue to be tragic and
fatal accidents involving pilots. Pilot transfers were responsible for five fatalities during 2017, and even new vessel designs do not address the issue.
is part of Brazilian iron ore producer Vales plan to shift nearly all of its output away from the spot freight market. A total of 36 of these behemoth 400,000 deadweight tonne (dwt) Valemaxes are already on the market, carrying
1.6mn tonnes each every year between Brazil and either China, Oman or Malaysia from where it is shipped on to China.
flagged containership MSC Caterina completed the milestone transit this morning traveling northbound from the Pacific to the Atlantic Ocean. The vessel measures 300 meters in length and 48 meters in beam, with a total TEU allowance (TTA) of 9,000 containers.
It was one of nine Neopanamax vessels welcomed at the Panama Canal during the day.
are removed in a weak market and replaced with new vessels as rates recover. VesselsValue.com pointed out. Meanwhile the tremendous increase in ordering of newbuildings means that the tanker fleet is relatively young while the oversupply situation will lead
to premature scrapping, meaning the scrapping situation is likely to snowball this year.
numbers. The total number of day calls rose 15.4 percent, and the number of turnarounds increased by four percent. Cruise Baltic attributes the growth to the high service levels provided by ports. Additionally, the close
proximity of ports means that several capitals can be visited in a one-week cruise, offering a variety of cultural experiences with locals that speak English.
Ministry in February 2017 giving the Nasdaq Dubai-listed company exclusive rights to negotiate a contract to build and operate a deep-water harbour at Banana on Congos Atlantic coast. The accord, released by the Platform to Protect Whistleblowers in Africa
on Friday, calls for the creation of a company majority-held by DP World.
reason for the vessels detention was not disclosed. Focal Investigation & Security Agency has been appointed for security and investigation purposes related to the arrest of the MR2 tanker which flies the flag of Panama. Owned
by South Korean shipping company Pan Ocean Shipping, Grand Ace 12 was en route from Dongguan, China to Singapore at the time of the detention, VesselsValues data show.
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