Officials Seize Narcotics from Laden Containership

  • Mexican law enforcement officers after tip-off searched container ship Svendborg Maersk on arrival at Manzanillo Mexico.
  • Two packages with 102.5 kilos of cocaine were found in the container.
  • Maersk confirmed that authorities at Manzanillo Terminal are conducting an investigation.

Narcotics were found on board containership Svendborg Maersk by Mexican law enforcement officers, reports Maritime Bulletin.

Cocaine onboard containership

Mexican law enforcement officers after tip-off searched...;amp;

Bulker Crew Rescue Fishermen Stranded At Sea

According to an article published in Maritime-Executive, in an operation coordinated by the Indian Coast Guard, the geared bulker YM Summit rescued six stranded fishermen from a capsized vessel in the Bay of Bengal, about 170 nm to the east of Chennai.

What happened?

On Sunday, the YM Summit was underway to Visakhapatnam (Vizag) when her crew spotted a capsized fishing vessel with six fishermen sitting on its partially-upturned hull. The vessel’s master launched a rescue attempt in coordination...;amp;

No Container Demand Recovery Before 2021

containers concept

According to a Lloyd’s List report, positivity is growing in the dry bulk sector as capsize rates continue to climb despite no sign of container volumes returning to normal levels before the end of this year, says market analysts

The short-term outlook for tanker earnings may still be positive despite market sentiment souring in recent weeks

Container Industry Report

The mood music for container shipping is still positive this week as freight rates remained strong on the key main lane trades.


Bulk Carrier Loaded With Grain Runs Aground

A bulk carrier with cargo of maize ran aground on Parana river in the general Lagos area at around 0130 UTC Jul 5, reports Maritime Bulletin. 

What happened?

Bulk carrier OURANIA LUCK ran aground on Parana river in the general Lagos area at around 0130 UTC Jul 5, while proceeding downstream from San Lorenzo with cargo of maize. 

Salvage operations

Salvage was launched and the ship was refloated late at night Jul 5, and anchored downstream from the grounding site. 

Traffic blocked

As of 0500 UTC Jul...;amp;

IMO 2020 and COVID-19 Push Owners Towards Demolition

  • Owners push a large number of less fuel-efficient vintage ships to scrapyards.
  • The trend is expected to be sustained in the first half of this year.
  • This could have a further downward impact on the freight market.
  • 15 Capesize bulkers and VLOCs have already been sold for recycling this year as dry charter earnings suffer.
  • IMO 2020 sulphur rules have impacted scrapping rates too as the new regulatory framework.

According to an article published in Splash247, the new IMO sulphur regulations,...;amp;

14 Flags Black Listed by the Paris MoU Committee

  • The Paris MoU Committee approved the 2019 inspection results and adopted new performance lists for flag States and Recognized Organizations (ROs).
  • A total of 70 flags are in this year’s list, including 41 on the “White List”, 16 on the “Grey List” and 13 on the “Black list”. These lists are in effect from 1st July 2020.
  • The total number of flags dropped from 2018, when the total number of flag States on the list was 73 of which 41 on the “White List”, 18 on the “Grey List” and 14 on the...;amp;