News Flash
NYK Takes Full Control of Green Zeebrugge LNG Bunkering Vessel
Categories: News Flash
Date: Nov 06, 2020
To remind, the joint venture was established by NYK Line, Engie and Mitsubishi Corporation as an LNG...
Nigerian National Petroleum Company Reports Blast on Storage Vessel
Categories: News Flash
Date: Nov 06, 2020
The Nigerian National Petroleum Corporation (NNPC) has confirmed an explosion aboard a tanker used f...
Crew Feel ‘Forgotten and Abandoned’ LR Survey Finds
Categories: News Flash
Date: Nov 06, 2020
There are currently 400,000 seafarers stuck at sea, according to the International Maritime Organiza...
Mitsui O.S.K. Lines Reports First Half Results
Categories: News Flash
Date: Nov 06, 2020
The average exchange rate of Japanese yen against the U.S. dollar during the first six months of fis...
Shipping Demand To Suffer After Wave of New Lockdowns
Categories: News Flash
Date: Nov 06, 2020
Freight rates are about to face renewed downward pressure, on the back of a new wave of lockdowns ar...
World’s Largest LNG-Powered Boxship CMA CGM Jacques Saade Arrives UK
Categories: News Flash
Date: Nov 05, 2020
The world’s largest containership powered by liquefied natural gas (LNG), the CMA CGM Jacques Saa...
U.S. Completes Withdrawal From Paris Climate Accord
Categories: News Flash
Date: Nov 05, 2020
The United States has formally departed the Paris Climate Accord, becoming the only signatory nation...
Ship Owners Shun Away from the Demolition Market
Categories: News Flash
Date: Nov 05, 2020
Despite enough potential supply of tonnage primed for demolition, it seems that the conclusion of de...
Coronavirus Surge Throws Oil Recovery Into Reverse
Categories: News Flash
Date: Nov 05, 2020
Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coron...
Navios Maritime Acquisition Corporation Announces Delivery of One VLCC
Categories: News Flash
Date: Nov 04, 2020
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the...
ICS Calls for Increased Female Employment and Diversity for Seafarers
Categories: News Flash
Date: Nov 04, 2020
While the shipping industry is known for the diversity of nationalities employed at sea, one area wh...
INTERCARGO Calls for All Charterers to Allow Crew Changes
Categories: News Flash
Date: Nov 04, 2020
Charterers in some instances have been preventing crew changes from occurring, according to INTERCAR...
Road Minister To Inaugurate Major Port Projects In Chabahar
Categories: News Flash
Date: Nov 04, 2020
In an interview with Mehr news, the Director-General of Sistan-Baluchestan Ports and Maritime Depart...
MOL signs Charter Contract for Three Ice-Breaking LNG Carriers for Arctic LNG 2 Project in Russia
Categories: News Flash
Date: Nov 03, 2020
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President and CEO: Junichiro Ikeda), announced that charter ag...
ClassNK Releases Guidelines for Membrane Systems on LNG Carriers
Categories: News Flash
Date: Nov 03, 2020
Classification society Nippon Kaiji Kyokai (ClassNK) has released its guidelines for membrane system...
Getting to Zero Coalition Welcomes 1st Flag State
Categories: News Flash
Date: Nov 03, 2020
The Isle of Man Ship Registry has become the first flag state to join the Getting to Zero Coalition,...
Legacy Issues, Pandemic – A Perfect Storm For Shipping Industry
Categories: News Flash
Date: Nov 03, 2020
The local shipping industry has been inundated by a number of issues, chief among them being financi...
India Bound to Make Waves In the Tanker Market
Categories: News Flash
Date: Nov 02, 2020
India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in th...
Decommissioned FSO Seeks Final Destination
Categories: News Flash
Date: Nov 02, 2020
A decommissioned FSO that was sold to a Bangladeshi breaker for scrap is now anchored off Mumbai, aw...
Dry Bulk Market: Capesize Market In Reverse Mode
Categories: News Flash
Date: Nov 02, 2020
Capesize The Capesize market was grasping for a bullish story this week as a possible mid-week ra...
OOIL Orders Seven 23,000 TEU Boxships At Cosco Shipyards
Categories: News Flash
Date: Nov 02, 2020
Seven indirect wholly-owned subsidiaries of OOIL respectively entered into the shipbuilding contract...
“Hero at sea” Wins ITF Seafarers’ Trust Photography Competition
Categories: News Flash
Date: Nov 01, 2020
The ITFST has announced the winners of the Still At Sea photography competition, which invited seafa...
Centre Proposes Mandating License For Foreign Vessels Engaged In Coastal Shipping In India
Categories: News Flash
Date: Nov 01, 2020
Foreign vessels engaged in coastal shipping in India may be required to obtain a license f...
ECB Survey See Lower Growth, Inflation Next Year
Categories: News Flash
Date: Nov 01, 2020
The euro zone economy may shrink less this year than feared but its rebound is also likely to be mor...
CMA CGM Takes Delivery Of 2nd LNG-powered 23,000 TEU Giant
Categories: News Flash
Date: Nov 01, 2020
The CMA CGM Champs Elysees has joined CMA CGM Group’s fleet as the company’s second 23,000 TEU c...
170 Ships Sold for Scrap During the Third Quarter of 2020
Categories: News Flash
Date: Oct 31, 2020
There were a total of 170 ships broken in the third quarter of 2020. Of these, 110 ships were sold t...
DNV GL Hits Remote Survey Hat Trick With 20K Surveys, 2-year Anniversary And New Operational Centre
Categories: News Flash
Date: Oct 31, 2020
A new state-of-the-art Operational Centre to support the delivery of remote services to maritime cus...
Hapag-Lloyd Postpones November Trans-Pacific Container Rate Hike
Categories: News Flash
Date: Oct 31, 2020
German container shipowner Hapag-Lloyd will postpone its Nov. 1 rate hike for East Asia to North Ame...
Lloyd’s Register Launches Dedicated Maritime Decarbonisation Hub
Categories: News Flash
Date: Oct 31, 2020
LR has launched a dedicated centre of excellence to accelerate the safe, sustainable and cost-effect...
Researchers Explore Concept for UK Zero Carbon Costal Shipping Network
Categories: News Flash
Date: Oct 31, 2020
A team of UK maritime researchers have set out their vision for a fleet of zero carbon coastal ships...
IMO and Republic of Korea Partner to Address Ships’ GHG Emissions
Categories: News Flash
Date: Oct 30, 2020
The Republic of Korea and the International Maritime Organization (IMO) have signed an agreement to ...
EXMAR Reports Third Quarter Operating Results Of $22 Million On Solid Midsize Gas Carrier Market
Categories: News Flash
Date: Oct 30, 2020
The Executive Committee of EXMAR NV reports its third quarter results 2020. Highlights • The o...