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Global News

Cargo Ship Lost in WWI Found During UK Wind Farm Survey

Cargo Ship Lost in WWI Found During UK Wind Farm Survey

Teams working on the geological surveys for a planned floating offshore wind farm to be located off the northeast coast of Scotland are reporting an “added bonus” from their work. They believe they located the wreck of a WWI-era cargo ship in remarkably good condition...

New Concept Ocean Energy Support Vessel to be Built in Spain

New Concept Ocean Energy Support Vessel to be Built in Spain

Norwegian offshore support company Østensjø has ordered a new concept offshore support vessel to be built in Spain at the Astilleros Gondan shipyard. Called an Ocean Energy Support Vessel (OESV), the company reports it is a more versatile design for a broad range of...

Mozambique Leases a Port Terminal to Landlocked Malawi

Mozambique Leases a Port Terminal to Landlocked Malawi

In a rare move, Mozambique is planning to lease part of its northern port of Nacala to neighboring landlocked Malawi. The deal seeks to boost trade ties between the two countries. To formalize the initiative, Mozambican President Filipe Nyusi and his Malawian...

Giant Wind Turbine Installation Vessel Delivered to Cadeler

Giant Wind Turbine Installation Vessel Delivered to Cadeler

Cadeler, which already attests to being the world’s largest operator in offshore wind installation, operations, and maintenance services, took delivery today, August 16, on the first of its new larger installation vessels. It comes just three months after the company...

Gearbox Failure, Pilot Error Caused V-22 Crash off Japan

Gearbox Failure, Pilot Error Caused V-22 Crash off Japan

A disintegrating metal gearbox was responsible for the crash of an Air Force CV-22 Osprey tilt-rotor aircraft off Japan last November, which killed eight servicemembers and prompted a large-scale subsea salvage response, according to the Air Force.  On the...

Philippine Coast Guard Brings Tanker Spill Under Control

Philippine Coast Guard Brings Tanker Spill Under Control

The Philippine Coast Guard and its salvage response partners have been making progress on preventing pollution from the sunken tanker Terra Nova, which went down in rough weather from Typhoon Gaemi on July 25. Terra Nova has an estimated 370,000 gallons of petroleum...

Oil Spill Spreads as Second Tanker Sinks in Manila Bay

Oil Spill Spreads as Second Tanker Sinks in Manila Bay

A second tanker has gone down off the coast of the Bataan Peninsula, threatening even more pollution in the Manila Bay area.  According to the Philippine Coast Guard, the tanker Jason Bradley sank off the municipality of Mariveles - at the bay's entrance - on the...

One Knot at a Time

One Knot at a Time

Seals are important for the role they play in containing pressure and eliminating leakage and contamination. Bearings reduce friction and are key components for transferring motion. When functioning properly, seals and bearings are the furthest thing on the chief...

Barcelona first Med port to have shore power

Barcelona first Med port to have shore power

The Port of Barcelona’s first phase of an offshore power system will enable two ships to be connected simultaneously at Hutchison’s BEST terminal. Marcus Hand | Jul 18, 2024 The first onshore power supply system (OPS) in the Port of Barcelona was opened on...

Container shipping market outlook for H2 2024

Container shipping market outlook for H2 2024

Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining months of the year. Marcus Hand | Jul 18, 2024 In a five-part series mid-year we take stock of shipping markets in the...

IMB: Violence Against Crew on the Rise Amidst Drop in Piracy

IMB: Violence Against Crew on the Rise Amidst Drop in Piracy

The safety of crews on merchant ships is increasingly becoming a major concern owing to the rise in violent attacks despite a notable decrease in maritime piracy incidents, according to the latest update from the International Maritime Bureau’s Piracy Reporting...

Carrier Roosevelt Arrives in Red Sea Area of Operations

Carrier Roosevelt Arrives in Red Sea Area of Operations

U.S. Central Command (CENTCOM) confirmed on July 12 that the supercarrier USS Theodore Roosevelt has arrived in the 5th Fleet area of operations taking over for the carrier USS Dwight D. Eisenhower which left the Red Sea area in late June...

Report: Abandoned Tanker Sinks Off Yemen

Report: Abandoned Tanker Sinks Off Yemen

The aging tanker Lavant, which sustained uncontrollable flooding off the southeastern coast of Yemen in June, appears to have disappeared and has likely sunk, multiple intelligence sources have confirmed to Reuters. The 30-year-old ship's loss is considered a...

Local News

Explained: What will the expanded SST affect and when?

Explained: What will the expanded SST affect and when?

KUALA LUMPUR, October 18 — The federal government is expanding the scope of the Sales and Service Tax (SST) to further improve the nation's tax revenue in the Budget 2025. The expansion will be implemented starting May 1, 2025. Here are the key points from Prime...

Solving the Southeast Asia Logistics Puzzle

Solving the Southeast Asia Logistics Puzzle

Southeast Asia is growing as a driving force in global trade. Its logistics sector has faced several stress tests in recent years. Here’s one factor that can make a difference. Southeast Asia has long been the go-to area for manufacturers seeking cost-effective...

Mandanas announces: Batangas is logistics hub for ASEAN

Mandanas announces: Batangas is logistics hub for ASEAN

THE ASEAN-Batangas Access Zone (ABAZ) was officially turned-over Friday to the provincial government of Batangas, making the province the logistics hub for Southeast Asian countries. ASEAN consisted of Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines,...

Foreign competition to perk up domestic shipping

Foreign competition to perk up domestic shipping

It has finally happened. A foreign shipping firm has decided to throw its hat into the Philippine domestic shipping arena, which has been plagued for decades with the high cost of doing business, lack of economies of scale and poor port infrastructure. This has made...

Loke: Govt optimistic KLIA can become regional cargo hub

Loke: Govt optimistic KLIA can become regional cargo hub

SEPANG: The government is optimistic that Kuala Lumpur International Airport (KLIA) has the potential to become the region’s cargo hub, said Transport Minister Anthony Loke Siew Fook. He said KLIA has all the necessary factors to continue to grow and become the cargo...

E-Invoicing: Are we really ready?

E-Invoicing: Are we really ready?

IT HAS been just over a month since the mandatory e-invoicing system was introduced on Aug 1 for Malaysian taxpayers with an annual turnover exceeding RM100 million. While the launch had a rough start with taxpayers initially struggling to access the Inland Revenue...