Readers’ Picks of the Week (Sep 22-28, 2014)

Radioactive SUV Found Aboard Carrier in Vladivostok

Customs officials at the Russian port of Vladivostok held up the Malacca Highway, a Panama-flagged Ro-Ro car carrier on September 11, 2014, upon discovering one of the vehicles aboard emitted radiation.…Read more

Maersk Line to Spend USD 3 Bn a Year on Newbuildings

Maersk Line plans to set aside close to USD 3 billion a year for the period 2015-2019 to finance shipbuilding projects, in an effort to further solidify its position of the shipping company with the largest operating fleet, Reuters reports.…Read more

Captain and Chief Officer of Grounded Ferry Arrested

The captain and the chief officer of the Europalink ferry shipwrecked near the islet of Peristeres northeast of Corfy have been arrested by the Greek authorities, the Maritime Operational Centre of the Ministry of Merchant Marine reports. The Italian-flagged ferry was on her regular route from the Greek port of Patras to Ancona, Italy, when it hit underwater rocks at around 2 am on Sunday, September 21.…Read more

Shipping Needs a Steve Jobs

The shipping industry is ready for the introduction of new technology, all we need is a new generation of tech-savvy middle and senior managers, says Dr. Martin Stopford, author of textbook Maritime Economics.…Read more

Effects of Russia Sanctions Start to Kick In

Consequences of economic sanctions imposed by the European Union against Russian companies and officials have started to kick in. …Read more