Ship Recyclers Face Confusing Market Fundamentals
Ship recycling markets saw the U.S. dollar surge against nearly all ship recycling nation currencies (except China) last week, reports cash buyer GMS.Steel plate prices firmed / declined / flatlined in a series of confusing signals to ship recyclers and the industry at large. “The recent trimming of tonnage at the bidding tables also seems to be easing as local port positions in both India and Bangladesh reported a healthy collection of arrivals and deliveries this week.”In Bangladesh…
EU Ministers Sign Non-Protectionist Maritime Strategy Declaration
EU ministers signed the Szczecin Declaration on the EU maritime industrial strategy during the 11th International Maritime Congress in Poland last week.European Shipowners have welcomed the move, saying that at a time of rising protectionism across the world, the Declaration sends a strong signal that Europe does not need protectionist measures, but investments to bridge the innovation gap and to make…
Coast Guard Investigates Fires in Puerto Rico
The US Coast Guard Sector San Juan marine investigators and vessel inspection teams are investigating two separate and unrelated vessel fires in Puerto Rico.Both vessel fires were successfully extinguished, and there are currently no reports of marine pollution or reported injuries in either case.The most recent vessel fire occurred Saturday morning aboard the M/T Scot Stuttgart, a Marshall Islands flagged 383-foot chemical tank ship…
International Day for Women in Maritime: An Ocean of Opportunities
This year’s International Day for Women in Maritime, celebrated annually on May 18, spotlights pathways for women’s leadership, participation and impact in the global ocean economy. Women make up less than 20% of the maritime workforce onshore, with significantly lower participation at sea.
Estonia Says Russia Detained Tanker in Baltic Sea
Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding it had alerted NATO allies to the incident.The Liberia-flagged ship Green Admire was leaving Sillamae port using a designated navigation channel that crosses Russian territorial waters, the ministry said in a statement."This is definitely connected to the fact that we have started to harass Russia's shadow fleet…
Mexican Navy Ship Slams into Brooklyn Bridge: 2 Dead, 17 Injured in NYC Tragedy Update
A Mexican Navy sailing ship festooned with lights and a giant flag crashed into the landmark Brooklyn Bridge on Saturday night, shearing the top of its masts, killing two people and injuring several others, New York City Mayor Eric Adams said.Videos online showed the training vessel Cuauhtémoc as it approached the bridge over the East River, close to the Brooklyn side of the span, which connects the…
