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Greek capesize bulker with Russian coal disabled coal terminal in Korea

May 6, 2022 at 08:21 by Mikhail Voytenko

Greek Capesize bulk carrier FLECHA while berthing, allided with pier at Yeongheung Power Plant, Incheon, Korea, on Apr 21. The ship was loaded with coal, she suffered 4-meter long hull slash above waterline. Power Plant Coal Terminal sustained much more ... continue reading

in Accidents 442 Maltese Tanker Refused Entry to Spain Over Russian Transshipment Allegations

May 6, 2022 at 07:47 by Raghib Raza

The product tanker BLACK STAR was refused to entry Barcelona, Spain, on April 27th over allegedly transporting Russian cargo to the EU. The "Ministerio de Transportes, Movilidad y Agenda Urbana" (MITMA), a department of the general state administration in Spain ... continue reading

in Maritime Security 243 Four of Genting Hong Kong’s Ships Sold for Scrap as Liquidation Continues

May 6, 2022 at 07:39 by Raghib Raza

Four vessels operated by Star Cruises, a subsidiary of Genting Hong Kong, have been sold by the joint provisional liquidators as they worked to restructure its $3.4 billion debt in December 2020. The vessels sold are the STAR PISCES ... continue reading

in Cruises and Tourism 219 ARKLOW bulk carrier aground, Parana river

May 5, 2022 at 22:07 by Mikhail Voytenko

Bulk carrier ARKLOW SPRAY ran aground in Parana river off Ramallo, Argentina, at 0640 LT (UTC -3), while sailing downstream en route from Arroyo Seco to Abidjan Ivory Coast, understood in load. According to Alpemar report and track, the ship ... continue reading

in Accidents 496 Tug and barge with steel aground, Great Lakes

May 5, 2022 at 12:08 by Mikhail Voytenko

Pusher tug ANGLIAN LADY with barge PML 9000, loaded with steel coils from Algoma Steel, ran aground on Vidal Schoals west of Soo Locks, St. Mary’s river, Great Lakes, at around 0430 UTC May 4, reported Great Lakes and ... continue reading

in Accidents 699 Capesize bulker Captain lost overboard, survived 3 days in sea clinging to wood

May 5, 2022 at 11:15 by Mikhail Voytenko

Turkish Captain of capsize bulk carrier QUORN has been lost overboard on May 2 in Java sea north of Bali island. The ship is en route from Australia to Vietnam, she interrupted voyage and went SAR, alerting all the concerned ... continue reading

in Accidents 2258 CDC Investigating RUBY PRINCESS Due to Reported 253 Cases in 5 Weeks

May 5, 2022 at 08:05 by Raghib Raza

The Center for Disease Control and Prevention (CDC) is investigating RUBY PRINCESS owing to the number of cases of Covid 19 reported onboard. Out of the 98 ships participating in CDC's program, 56 are under observation. This includes 5 ... continue reading

in Cruises and Tourism 880 Yang-Ming Welcomes a New Container Vessel YM TROPHY Into Its Fleet

May 5, 2022 at 07:28 by Raghib Raza

The Taiwanese shipping company Yang Ming Marine Transport Corp has taken delivery of a new 11,000 TEU container vessel, the YM TROPHY. Yang-ming intends to put its new ship on its trans-pacific route PS-6 for efficient transportation services connecting ... continue reading

in Ship Building and Technology 409 Sanctioned Russian ship with allegedly, stolen grain, looking for port

May 4, 2022 at 23:32 by Mikhail Voytenko

Bulk carrier MATROS POZYNICH, owned by sister company of sanctioned Joint Shipbuilding Corporation, Russia, loaded 27,000 tons of grain at Kerch Strait anchorage, Black sea, in April 2022, left anchorage late April and initially, headed for Alexandria Egypt. Ukraine ... continue reading

in Maritime Security 4145. Cargo ship struck silo while leaving Hamburg, both silo and ship damaged

May 4, 2022 at 13:44 by Mikhail Voytenko

Cargo ship contacted silo constructions at Rethe, Port of Hamburg, in the evening May 2, while leaving dock, bound for Sweden. Both silo and the ship sustained damages, RIX CRYSTAL also allided with dolphin. On May 3 the ship was ... continue reading

in Accidents 1238 New Zero-Emission Vessel YARA BIRKELAND to Become Fully Autonomous by 2024

May 4, 2022 at 08:27 by Raghib Raza

The new vessel YARA BIRKELAND was christened and inducted into service on April 29th. The christening ceremony was attended by the Norwegian Crown Prince Hakon Magnus and approximately 800 guests. This vessel is battery-driven and purported to be fully autonomous ... continue reading

in Ship Building and Technology 511 Sovcomflot selling its’ fleet to meet banks obligations

May 4, 2022 at 04:23 by Mikhail Voytenko

Lloyd’s List: RUSSIA’S tanker giant Sovcomflot is looking to sell up to one third of its fleet, in a bid to repay loans to western banks and financiers before UK and European Union governments’ wind-down orders take effect ... continue reading

in Tanker and Oil Industry 1622 Bulk carrier to be taken on tow after 2-week drift, North Atlantic

May 3, 2022 at 13:58 by Mikhail Voytenko

Apr 18: Bulk MAGIC SEAS (IMO 9736169), North Atlantic, from Corpus Christi to Europa Point, ETA Apr 16. May 2: AHS tug ALP WINGER (IMO 9367504) assigned for towage? May 3 UPDATE: ALP WINGER is nearby both ships adrift. Maybe ... continue reading

in Accidents 1435 Disabled Spanish freighter in Irish sea UPDATE

May 3, 2022 at 11:22 by Mikhail Voytenko

Gen cargo ATALAYA TMA, NUC in Irish sea, from Bilbao to Londonderry, ETA May 2. May 3 UPDATE: It transpired, that the ship suffered engine issue and couldn’t restart engine, so tug VENTURE (IMO 7529469) was assigned ... continue reading

in Accidents 1098 Ulstein Hails the New Vessel THOR as the Missing Piece of the Zero-Emissions Puzzle

May 3, 2022 at 06:00 by Raghib Raza

Ulstein has launched THOR, a 149m nuclear-powered vessel touted as the solution to the maritime zero-emission puzzle. The ship is powered by a Thorium Molten Salt Reactor, which can produce vast amounts of clean electricity. The vessel is intended to ... continue reading

in Ship Building and Technology 939 Dutch freighter contacted bollards in Kiel Canal

May 3, 2022 at 00:07 by Mikhail Voytenko

General cargo ship PEAK BREMEN strayed off course in the morning May 2 while transiting Kiel Canal in northern direction, en route from UK to Sweden, in Schulp area, below Rendsburg. The rested on bollards along embankment, went off about ... continue reading

in Accidents 998 EU Sanctions Cause Luxury Cars to Pile Up in Zeebrugge

May 2, 2022 at 08:45 by Raghib Raza

One of the EU sanctions imposed on Russia is a Luxury Ban in mid-March. One of its implications is that the sale of EU-made vehicles over 50,000 Euros is banned in Russia. The port of Zeebrugge, one of the ... continue reading

in Maritime Security 1113 Drug Smugglers Masquerading as Cruise Passengers Arrested

May 2, 2022 at 08:35 by Raghib Raza

Brazilian law enforcement agencies arrested 6 people in the port of Santos, Brazil. The drug smugglers, 5 Brazilian nationals and one Argentine, were found to own 30 kgs of cocaine. They were arrested when they were about to board the ... continue reading

in Maritime Security 961 ​ Maritime accidents monthly report APRIL 2022

May 1, 2022 at 09:19 by Mikhail Voytenko

SUMMARY Notice: Principal idea and character of MB Daily is somewhat similar to Ambulance Emergency Service – MB priority is to find out about maritime accidents, involving merchant marine ships, ASAP. MB monitors only some major accidents in their development and ... continue reading

in Accidents 971 Chinese bulk carrier contacted pier, holed, Taiwan

April 30, 2022 at 15:46 by Mikhail Voytenko

Bulk carrier YAMTAI, in load, allided with Piers 30 and 29 corner at Taichung Port, Taiwan,in the evening Apr 29, in the process of shifting berths. The ship suffered hull breach in midship area, 1-meter length hole or slash ... continue reading

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"Successful traders always follow the line of least resistance - follow the trend - the trend is your friend" - Jesse Livermore
Global commodity traders seek to identify and respond to supply and demand differentials between linked markets. They use arbitrage to trade physical commodities without incurring price risk. They hedge price exposure using exchange-traded contracts and over-the-counter instruments.