News Flash

HD KSOE eyes $180.05 bn worth of orders in 2025

HD KSOE eyes $180.05 bn worth of orders in 2025

South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), said Friday it aims to win $180.05...
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Euroseas Ltd. Announces Time Charter for its Older Containership, M/V Aegean Express, and Spin-off of its Older Three Vessels into a Separate Company

Euroseas Ltd. Announces Time Charter for its Older Containership, M/V Aegean Express, and Spin-off of its Older Three Vessels into a Separate Company

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, made today...
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Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline

Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master...
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Alternative-fuelled ship orders grow 50% in 2024

Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of using alternative fuels...
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Baltic index extends gain as larger vessel rates firm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a...
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TMC’s energy-saving compressors chosen for methanol-fuelled container vessels

TMC’s energy-saving compressors chosen for methanol-fuelled container vessels

Yangzijiang Shipbuilding Group has awarded a contract to TMC Compressors to deliver its highly energy-efficient Smart Air compressors to six...
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HD Hyundai hunts shipbuilding growth despite rise in global protectionism

HD Hyundai Chairman Kwon Oh-gap urged employees across the group’s heavy industry affiliates to stay vigilant as protectionist policies intensify...
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Shipbreaking industry to implement workers’ minimum wages from new year

The country’s shipbreaking industry is going to implement the minimum wages for its workers, set by the Ministry of Labour...
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LILA GLOBAL – Diversified fleet of quality ships

LILA GLOBAL – Diversified fleet of quality ships

Lila Global is pleased to announce the appointment of Dr. Abdul Rahim as its Chief Maritime Strategy and Innovation Officer....
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Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches

Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches

Russian officials warned of severe environmental damage Wednesday as thousands of people came out to clean up tons of fuel...
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As Biden administration winds down, US ramps up strikes on Houthi rebels

As Biden administration winds down, US ramps up strikes on Houthi rebels

The US is stepping up its strikes against the Houthi rebels in Yemen, an effort in the waning days of...
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The Risks of Decarbonized and Digitalized Shipping

The Risks of Decarbonized and Digitalized Shipping

Imagine a harbor in a major maritime conflict. A large container ship sits idle because the Liquefied Natural Gas (LNG)...
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Asia Fuel Oil: Premiums inch higher on first trading day

Spot fuel oil premiums in Asia edged up on the first trading day of 2025, buoyed by stronger-priced bids, though...
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IMO Secretary-General new year message

International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key items on the IMO agenda for 2025. In a video...
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Baltic index rises on gains in larger vessel segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday,...
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NorthStandard members embrace digital watchkeeping technology

NorthStandard members embrace digital watchkeeping technology

Five heavyweight shipping companies are set to install Orca AI’s situational awareness systems on selected vessels. The companies are members...
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How offshore charging systems can power maritime’s net zero transition

How offshore charging systems can power maritime’s net zero transition

As the world grapples with ambitious net zero targets, more focus than ever is being placed on the maritime industry....
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Navantia strikes Harland and Wolff deal at knocked-down price

Navantia strikes Harland and Wolff deal at knocked-down price

The Spanish company struck a hard bargain but, with no other parties in the ring, it could call the shots....
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Monjasa to start LNG bunkering in the UAE

The bunker company chartered the 5,000 cu metres Green Zeebrugge in Amsterdam in November, and she is now enroute UAE with estimated arrival in...
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McAllister Towing celebrates 160 years in style

McAllister Towing celebrates 160 years in style

The crowd, many dressed in colors reflecting the Holiday season, included customers, suppliers, and numerous employees. The pre-dinner cruise, along...
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