News Flash

DP World And Somaliland Open New Terminal At Berbera Port

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

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 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

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

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

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

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

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

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

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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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Prompt HSFO stems are tight in Russia, the Canary Islands and South Africa, while ample VLSFO supplies in the Mediterranean...
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South Korean Companies Develop Molten Salt Reactor For Shipping, Power Generation

South Korean Companies Develop Molten Salt Reactor For Shipping, Power Generation

South Korea’s state-run nuclear energy research institute and the country’s major shipbuilder have agreed to join forces to develop a...
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Agreement In Principle Reached Over Suez Canal Ship – Stann Marine

Agreement In Principle Reached Over Suez Canal Ship – Stann Marine

A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on...
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India’s May Crude Oil Imports Dip As Pandemic Curbs Demand

India’s May Crude Oil Imports Dip As Pandemic Curbs Demand

India’s May crude oil imports slipped to their lowest in three months as fuel demand sagged amid a second wave...
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South Africa To Revamp Ailing Port System, Says Ramaphosa

South Africa To Revamp Ailing Port System, Says Ramaphosa

South Africa’s National Ports Authority (NPA) will operate as a stand-alone business under the aegis of state-owned freight logistics group...
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MPC Acquiring Songa Container In $210m Deal

MPC Acquiring Songa Container In $210m Deal

MPC Container Ships is acquiring Songa Container and its fleet of 11 vessels in a $210.25m deal. The deal sees...
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ONE Modern Calls on Port of New Orleans, Third Direct-Asia Service

ONE Modern Calls on Port of New Orleans, Third Direct-Asia Service

THE Alliance and Evergreen launched their new Asia-US Gulf service with the inaugural sailing of the ONE Modern calling on...
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Mayflower Autonomous Ship, Beset With Glitch, Sails Back To England

Mayflower Autonomous Ship, Beset With Glitch, Sails Back To England

The Mayflower Autonomous Ship (MASS) has stopped its historic transatlantic crossing of the Atlantic Ocean three days after the initial...
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International Maritime Organization Bans Toxic Paint Substance Cybutryne

International Maritime Organization Bans Toxic Paint Substance Cybutryne

At the 76th session of the Maritime Environmental Protection Committee (MEPC 76), the IMO has prohibited the use of cybutryne...
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Hamburg Sud Containership Damages Hull In Dock Scrape

Hamburg Sud Containership Damages Hull In Dock Scrape

Dramatic images appeared on social media as a Hamburg Sud-operated boxship scraped along a ferry pier on Sunday, June 20...
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