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VIDEO: Sinking the Kraken

Video Courtesy: Texas Parks and Wildlife The US Texas Parks and Wildlife Department’s Artificial Reef Program sank a 371-foot cargo vessel, named the Kraken, on January 20, 2017. The ship...

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India’s Major Ports to Go Green

India has started the process of setting-up renewable energy projects at its twelve major ports by investing INR 7.04 billion (USD 104.5 million) as part of the country’s Green Port Initiative. In an effort...

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DAT Offloads Two New LR2 Tankers

South Korea-based shipping company Dong-A Tanker (DAT) has sold two long range 2 (LR2) tanker newbuildings currently being built by compatriot shipbuilder Hyundai Samho Heavy Industries, according to data provided...

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Old Ships, Not Enough New Tricks?

As widely expected, the opening of the new, expanded locks at the Panama Canal in June 2016 has considerably impacted the ‘old Panamax’ containership sector. The displacement of these narrow...

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German Jobless Rate Declines In January

Germany’s unemployment rate declined in January, the Federal Labor Agency reportedly said Tuesday. The jobless rate fell to 5.9 percent in January from 6 percent in December. The rate was...

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