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Nova Innovation, Sabella Join Forces To Progress Tidal Power In UK And France
Scottish tidal energy developer Nova Innovation and its French counterpart Sabella have signed a memorandum of understanding (MoU) to accelerate...
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Baltic Index Rallies For Fifth Day On Stronger Capesize, Panamax Rates
Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session,...
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LR To Focus Growth On Maritime Industry With Expanded Role And Service Offering
Business Assurance & Inspection Services division to be set up as an independent business, branded LRQA, to be acquired by...
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AqualisBraemar LOC Wraps Up Sable Campaign For ExxonMobil
Energy and marine consultant AqualisBraemar LOC has completed its assignment in connection with the decommissioning and removal campaign of the...
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Saipem Rents Ex-Ocean Rig Drillship From Samsung Heavy
Italian oilfield contractor Saipem has signed a bareboat charter contract with Samsung Heavy Industries for a new drillship, the Samsung...
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Dubai Futures: August EFS Widens Above $4/b Mark; Spot Activity Remains Tepid
Front-month Brent/Dubai Exchange of Futures for Swaps widened mid-morning June 28, amid tepid spot activity as market participants shift their...
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Baltic Index Hits 11-Year High On Gains Across Segments
Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak...
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Iron Ore Advances As China Port Stocks Hit Over 8-Month Low
Iron ore futures in Asia rose on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient...
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Extreme Freight Rates Begin To Change Shippers’ Calculations
The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are...
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VLCC Market On Steady Course For Yet Another Week
VLCC In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed...
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DP World And Somaliland Open New Terminal At Berbera Port
DP World and the Government of Somaliland, have inaugurated the new container terminal at Berbera Port, following completion of the...
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Hapag-Lloyd, ONE Wrap Up Integration With TradeLens
Germany-based company Hapag-Lloyd and Japan’s Ocean Network Express (ONE) have completed the integration with TradeLens, a blockchain-enabled digital shipping platform. As...
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Heddle Shipyards Becomes Newest Green Marine Member
Heddle Shipyards, a Canada-based operator of shipyards and drydocks, is the newest participant in Green Marine – the largest voluntary...
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Wärtsilä And Global Energy Ventures To Cooperate On Propulsion Solutions For Hydrogen Vessel
The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia to cooperate...
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Synergy Group: Action Not Platitudes Needed On Day Of The Seafarer
After a year of seafarer mistreatment by governments and ineffective lobbying on their behalf by the shipping industry, stronger action...
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Portsmouth Southsea Coastal Scheme In Full Swing
In their latest project update, the officials introduced plans to extend working hours on the beach during December in order...
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China’s First Offshore Large-Sized Deepwater Gas Field Starts Production
CNOOC Limited has started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field. The Lingshui...
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Ship Finance For Greek Shipping Declined By 6.24% In 2020, As Loan Value Fell Under $50 Billion
Afurther reduction of the overall loans towards Greek shipping companies is the main conclusion from the latest annual review of...
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Pole Star Acquires Start-up Vasanda To Strengthen Sustainability Offering
The acquisition, which follows growth investment in Pole Star in April 2021, will provide a new single-point, end-to-end screening solution for...
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Equity And Bank Finance Making A Comeback In Shipping
On the equity front, shipping is back in favour with investors big time. “The environment is such that investors are...
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