Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Aramco Trading Fujairah FZE, (“Aramco” or the...

Read More

US-based emission reduction technology firm STAX Engineering has secured $150 million financing to boost its emissions capture system for ships. The funding will be used for contracted fleet build through 2027 and “accelerate deployment” of its barge-based emissions...

Read More

Hyundai Glovis, the logistics affiliate of Hyundai Motor Group, began operating the Glovis Lander, the world’s largest pure car and truck carrier (PCTC) capable of loading more than 10,000 small cars, at the end of last month. It is the third 10,800 CEU (car...

Read More

Bulk carriers carrying elemental sulphur cargoes in the Strait of Hormuz are at significant risk of accelerated structural corrosion, with some vessels having remained at anchorage for more than three times the standard cargo protection period, marine consultancy...

Read More

Pertamina International Shipping (PIS) will continue pursuing a diversified fleet strategy instead of concentrating on any single vessel segment as the Indonesian state-owned shipping company positions itself for greater international growth, CEO Surya Tri Harto told...

Read More