Container Vessels
Cargo Vulnerable to Terrorists
A decade after The Maritime Transportation Security Act (MTSA) of 2002 was introduced, a new US Government report has criticised efforts to protect global supply
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Future of Trade?
The Maersk Group’s strategy to target growth markets aligns well with a recent UN report that found emerging economies now account for almost 30% of
Cargo Ships Sink
32 seafarers have been rescued after two cargo vessels sank off the Philippines within hours of each other at the weekend. The Panama registered M/V Sun Spirit, sent a distress signal ...
Collision off Istanbul
A Sierra Leone-flagged cargo ship was listing after a collision with two other cargo ships off the coast of Istanbul on Friday. Russia’s RAI Novosti has posted a dramatic video report ...
Spending Spree
Cosco Shipping Co Ltd plan to spend about $12 million on armed guards and other measures this year for protection against piracy in the Gulf of Aden and the Indian ...
Price Hike
Due to the continued piracy activities off the coast of Somalia and surrounding waters and the associated increase in insurance costs on the vessels to East Africa. MSC will implemented a ...
Danger UXB
An Evergreen containership has been damaged following an attack in the Arabian Sea. Rocket propelled grenades hit cabins and the kitchen area of the 3,428-teu “Ital Glamour” (built 1987) during the ...
Ship Safe
Further to reports that a Korean-owned container vessel may have been hijacked by Somali pirates in the Indian Ocean, officials in Seoul have reported that the 75,000-ton “Hanjin Tianjin” is ...
Surcharges Soar
Maersk has announced an increase in its piracy surcharge up, 40% to the surcharge as from 1 April. The new structure is US$ 350, up from $250 per FEU (Forty-foot container unit), ...