Even though the trend is negative, by about 10% in the last two weeks, the supramax average 6 TC routes still seems to be overpriced compared to what is being fixed on the spot market for short period and rounds, says Fearnley's weekly report…
The groups representing European Parliament's (EP) environment committee are urging European leaders to include international shipping in the global climate deal scheduled to be signed in Paris in December. The 28 EU member states meet…
Burning all the world's fossil fuel reserves could thaw the entire Antarctic ice sheet and push up world sea levels by more than 50 metres (160 feet), over thousands of years, an international study said on Friday.Such a melt, also eliminating the far smaller ice sheet on Greenland…
China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency. Both countries expected to improve bilateral maritime cooperation in the 'Belt and Road' initiative…
Melting polar regions are already causing unprecedented sea level rise but there are other threats besides water buried in the swiftly melting ice. The discovery of a new ‘giant virus’ buried in Siberia for 30,000 years raises questions about the risk of drilling in the Arctic…
Donegal fishermen are counting their lucky stars after a near-miss with a submarine last week. A shocked fisherman has described his close encounter with a submarine, which emerged from the water 200 yards away from his boat. According to a report in RTE Raidió na Gaeltachta Seán Briain…
Indian Government is planning to establish low-cost Non-Major Ports along coastline under the Sagarmala project in an effort to boost coastal shipping and reduce wait times. Currently due to the concerns over lack of berthing facilities…
Shipping has a carbon footprint the size of Germany and growing. Unchecked, it could account for up to 14% of global emissions by 2050, says a report from RTCC (Responding to Climate Change). UK and US envoys admit to industry the International…
The Maritime Silk Road Society (MSRS) was inaugurated on Monday to explore new development opportunities for the Hong Kong Special Administrative Region in the context of the Belt and Road Initiative, reports Xinhua. 'The Maritime Silk…
The Government of Swaziland, despite being entirely landlocked, has backed a plan to build a channel to the Indian Ocean, the latest in the 21st century’s epic round of global canal construction. Officials in Swaziland has confirmed…
Fox News and the Washington Free Beacon reported the presence of a top Russian spy ship off the coast of Kings Bay, Georgia and is capable of cutting undersea cables. The Pentagon responded to the media reports that it was closely being…
China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports. China's Ministry of Transport (MoT) has formally unveiled its five-year working scheme that aims to reduce the country’s shipping emissions…
Global warming will irrevocably mutate a micro-organism that plays a crucial role in the ocean food chain, reports a study. Trichodesmium (referred to as “Tricho” for brief by researchers) is likely one of the few organisms within the ocean that may “repair” atmospheric nitrogen fuel…
The state-run China Daily says that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is 'illegal and is an 'unwise move' that may 'sabotage' positive momentum in ties. 'India's intention to once again explore…
Oceanographic services company Horizon Marine, a recent CLS Group acquisition, has brought on three new hires in its Marion, Mass. Office, the company announced today. The Loop Current activity over the past year has cost the industry millions…