Weird stuff in Indian ocean, Aframax out of control for some 5 hours

An email was sent to all ships managed by a company, reporting abnormal phenomenon, which occurred on board of one of the ships of this company, Aframax tanker, early in the morning May 31. The ship slowly but steadily, went out of control, with magnetic compass deviating from that of gyro by some 230 deg, speed reduced to dead ahead, notwithstanding the engine being in full ahead regime. 4 ships in the vicinity are said to close on each other and tanker. Tanker is en route to Cape Town, she...

Borderlands: Troubled trucking market could linger for months; XPO Logistics to layoff 243 employees

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Trucking sector wrestling with fragile freight rates and loose capacity; XPO Logistics to lay off 243 employees; Mexico’s auto manufacturers restarts factories; World Trade Bridge officers intercept narcotics worth almost $1 million. 

Trucking sector wrestling with fragile freight rates and loose capacity

As the economy reopens and most states relax coronavirus shutdown...

Μηνάς Παπαδάκης (CEO ΟΛΗ): Θα δώσουμε νέα πνοή στο λιμάνι του Ηρακλείου

Η σημασία που δίνει η κυβέρνηση στη λιμενική πολιτική είναι μεγάλη. Τα λιμάνια αποτελούν σημαντικούς εμπορικούς, τουριστικούς και συγκοινωνιακούς κόμβους, ενώ ταυτόχρονα διαδραματίζουν, ανάλογα με τη θέση τους, κυρίαρχο γεωστρατηγικό ρόλο.

Στην Ελλάδα δεν υπάρχουν μόνο ο Πειραιάς και η Θεσσαλονίκη, αλλά περίπου 900 λιμενικές εγκαταστάσεις, όλων των μεγεθών και χρήσεων, που λειτουργούν ανά την επικράτεια. Με κριτήρια τη γεωγραφική θέση, τον όγκο διακίνησης εμπορευμάτων και τον αριθμό επιβατών, 57...

Leading Shipping Firms Team Up for Sustainable Fuels Project!

  • Maersk, Orsted and other Danish companies team up to produce sustainable fuels on a large scale.
  • Goal of the partnership is to establish large facility that will provide fuels for maritime, air and road transport.
  • Companies say that a hydrogen and e-fuel production site could be up and running by 2023.

Several major Danish firms, including Orsted and Moller-Maersk, have formed a partnership aiming to produce sustainable fuels on an industrial scale, write s Anmar Frangoul for CNBC.

The goal of...