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Shipping is Entering the Fifth Industrial Revolution, Says ABS Chairman and CEO

“Maritime 5.0 will be defined by the ever-expanding capabilities of artificial intelligence, driving our complex industry to be safer, more efficient and more optimized, while emphasizing the increasing importance of the humans in the loop.” That was the message from...
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Diana Shipping Inc. Announces Signing of a US$80.2 million Amended and Restated Loan Facility Agreement with Danish Ship Finance A/S to Refinance its Existing Term Loan Facility with the Bank

ATHENS, GREECE, October 21, 2024 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced the successful signing of a US$80.2 million seven-year secured...
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TEN Ltd. Receives Tanker Operator of the Year Award at the 2024 Tanker Shipping & Trade Awards

TEN Ltd. Receives Tanker Operator of the Year Award at the 2024 Tanker Shipping & Trade Awards
TEN Ltd.(“TEN”) (NYSE:TEN)(the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that TEN’s unwavering commitment to safety, operational excellence, and innovation was recognized at the prestigious annual Tanker Shipping &...
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MHI-MME Licenses Manufacturing and Sale of MET Turbochargers to Leading Chinese Marine Machinery Manufacturer

Mitsubishi Heavy Industries Marine Machinery and Equipment Co., Ltd (MHI-MME), a part of Mitsubishi Heavy Industries (MHI) Group, has concluded a licensing agreement with Jiangsu Masada Heavy Industries Co, Ltd. (Jiangsu Masada), a privately owned marine machinery...
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TwinShip project aims to improve access to reliable data for aiding in shipping decarbonisation

TwinShip project aims to improve access to reliable data for aiding in shipping decarbonisation
A consortium, including technology group Wärtsilä, will develop a new system for the maritime industry which is aimed at improving access to reliable data to enable smarter shipping decisions related to decarbonising fleet operations. The project, name ‘TwinShip’*, is...
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Bureau Veritas calls for greater regulatory clarity on Wind Propulsion Technology following the release of new technology report

Bureau Veritas calls for greater regulatory clarity on Wind Propulsion Technology following the release of new technology report
Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection, and certification (TIC), today announced the publication of their latest technology report, Wind Propulsion Technology Report, which details the technology systems that are available,...
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