Incidences of large vessels lost at sea have occurred mostly in Asian waters, even as such losses on a global basis are at a record low in 2019, according to a review by insurer Allianz Global Corporate & Specialty (AGCS).
The China Navigation Company log carrier Funing which lost power in the Port of Tauranga, New Zealand over a week ago is set to be towed for repairs.
Latest International Salvage Union statistics for 2019 show that while ISU members’ business held up well in 2019, use of Lloyd’s Open Form (LOF) ‘no cure, no pay’ contracts dropped to an all-time low.
The governments of 12 countries issued a joint statement pledging their commitment to help solve the current seafarer ‘crisis’ at an International Maritime Virtual Summit on Crew Changes hosted by the UK yesterday, also urging other nations to...
The Port of Tauranga in New Zealand has reopened after a log carrier Funing lost power at the entrance to the harbour.
A Navios Maritime Containers-operated boxship has lost three containers in Australian waters, according to the Australian Maritime Safety Authority (AMSA).