The Federal Maritime Commission (FMC) completed the review of the application for approval of the Ocean Alliance, which include Cosco Shipping, CMA CGM, Evergreen Marine and OOCL. The Commission said that carefully studied all aspects to ensure that the establishment of the alliance will not violate the principles of fair competition in container shipping industry.
The Greek shipowner Evangelos Angelakos was fined with 1.5 million USD for the oil spill at the port of Seattle in October 2015. The federal judge in Seattle found the shipowner guilty that one of his vessels deliberately pumped around 5,000 gallons of oily water into the Pacific and then lied and falsified records, trying
Nigerian pirates attacked the inland motor tanker Vajara in Ramos River at the restive Niger Delta. The group of armed pirates attacked the vessel from motor boat, but crew succeeded to raise the alarm and reported about the accident to the Nigerian navy. The seamen succeeded to escape and locked in the engine room. The
Panama Canal Authority eased up the draft restrictions at new locks to 45 ft (13.72 m), as the water level in Gatun Lake starting to normalize after the increase of rains during the last months. The draft restriction was introduced in June this year, due to severe drought in the Gatun Lake by the El
The Korean heavy lift ship Dongbang Giant 2 was attacked by pirates in Celebes sea south off Bongao in Tawitawi Island, Philippines. The ship was en route from Australia to South Korea, when was boarded by two groups of heavy armed militants, belonging to Abu Sayyaf group. They took control of the ship and arrested
Ukrainian government will open concession tender of country’s strategic ports in the beginning of 2017. The local authorities will list the Port of Oktyabrsk and Kherson Marine Trade Port for private investors, trying to replenish the budget and start massive privatization program in maritime sector. Ukrainian government plans to prepare appropriate documentation until the end
The bankrupting container operator Hanjin Shipping cuts 400 land-based employees in South Korea, aiming to restructure the business and improve survive. The shipper, which applied for court receivership in late August after creditor banks withdrew their support, has about 700 land-based employees in South Korea, which will be reduced by more than 60%. Hanjin Shipping