News Flash

Jaxport Sees Record Container Volumes In May

Jaxport Sees Record Container Volumes In May

Jaxport has set a port record for container volumes in May, with total container movements increasing 37% over the same...
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IMF Chief Warns Of ‘Dangerous Divergence’ In COVID Recovery

IMF Chief Warns Of ‘Dangerous Divergence’ In COVID Recovery

The head of the International Monetary Fund warned on Monday of a “dangerous divergence” between developed and developing countries as...
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Marlow Navigation And Opielok Offshore Carriers (OOC) Sign Merger Agreement

Marlow Navigation And Opielok Offshore Carriers (OOC) Sign Merger Agreement

On the 28th of June 2021, OOC and the Marlow Group signed an agreement in which Marlow takes over Opielok’s...
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Samsung Heavy Industries Bags $580 Million Order To Build 3 LNG Carriers

Samsung Heavy Industries Bags $580 Million Order To Build 3 LNG Carriers

Samsung Heavy Industries Co. has won a deal worth 654.5 billion won ($579.2 million) to build three liquefied natural gas...
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Recycling Rates Likely To Break Through $600 Per LDT Soon

Recycling Rates Likely To Break Through $600 Per LDT Soon

Prices have doubled over the last year, reaching record levels that could soon breach the $600 mark, according to the...
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U.S. Weekly Offshore Rig Count Flat

U.S. Weekly Offshore Rig Count Flat

The number of offshore rigs in the U.S. remained unchanged over the last week, according to Baker Hughes. Baker Hughes...
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GMS Week 27 – DOUBLE TROUBLE!

GMS Week 27 – DOUBLE TROUBLE!

Far from the traditionally expected slowdown during the monsoon / summer months, sub-continent recycling markets fired on at pace once...
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Container Premiums: Trans-Pacific Premium Rates Leapfrog Record High FAK Rates For July

Container Premiums: Trans-Pacific Premium Rates Leapfrog Record High FAK Rates For July

Container freight costs from North Asia to North America climbed to a new all-time high at the start of July...
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Pandemic Drives Sea Freight Prices To Record High

Pandemic Drives Sea Freight Prices To Record High

Container shipping prices have reached record highs about 18 months after the outbreak of the coronavirus pandemic that disrupted maritime...
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Mr. Vijay Arora Takes Over As Managing Director Of Indian Register Of Shipping

Mr. Vijay Arora Takes Over As Managing Director Of Indian Register Of Shipping

Indian Register of Shipping (IRClass) announces a top management transition with Mr. Vijay Arora taking over as Managing Director with...
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LR Announced The Sale Of 100% Of Its Business Assurance & Inspection Services Division, Including Cyber-Security Business

LR Announced The Sale Of 100% Of Its Business Assurance & Inspection Services Division, Including Cyber-Security Business

Business Assurance & Inspection Services division to be set up as an independent business, branded LRQA, to be acquired by...
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DNV Approved Samsung’s Design For Fuel Cell-Powered LNG Carrier

DNV Approved Samsung’s Design For Fuel Cell-Powered LNG Carrier

Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle from Norway-based classification society DNV for the design of...
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DP World Acquiring Syncreon In $1.2bn Deal

DP World Acquiring Syncreon In $1.2bn Deal

DP World is acquiring US-based global logistics provider syncreon for $1.2bn. The company provides specialised value-added warehousing and distribution solutions...
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Port Of New Orleans Issues RFP For Terminal Programme Management

Port Of New Orleans Issues RFP For Terminal Programme Management

The Port of New Orleans (Port NOLA) has issued a Request for Proposals (RFP) for Programme Management and Programme Controls...
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Maersk Signs Shipbuilding Contract For World’s First Container Vessel Fueled By Carbon Neutral Methanol

Maersk Signs Shipbuilding Contract For World’s First Container Vessel Fueled By Carbon Neutral Methanol

Maersk and Hyundai Mipo Dockyards have agreed on a contract for Hyundai Mipo to build a feeder vessel with a...
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Indicators Show Worsening Of Crew Change Crisis Due To Pandemic

Indicators Show Worsening Of Crew Change Crisis Due To Pandemic

The most recent data from a tracking effort that records the number of crew approaching the end or exceeding their...
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Hapag-Lloyd Makes First Digitally-Controlled Port Arrival

Hapag-Lloyd Makes First Digitally-Controlled Port Arrival

Kobe Express made the first Just-in-Time (JiT) port call at Tanger Med with arrival time optimised by Wärtsilä’s Navi-Port system....
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Dubai’s DP World Hires Banks For Sale Of Flagship Free Zone Stake-Sources

Dubai’s DP World Hires Banks For Sale Of Flagship Free Zone Stake-Sources

Dubai’s DP World has hired banks to help sell a minority stake in its flagship business park, Jebel Ali Free...
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Proman Announces Two Additional Methanol-Powered Newbuildings

Proman Announces Two Additional Methanol-Powered Newbuildings

Provident and Progressive will be the fifth and sixth methanol dual-fuel vessels for Proman, to be delivered in 2023 and...
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Euroseas Ltd. Signs New Building Agreements For The Acquisition Of Two Fuel Efficient 2,800 Teu Feeder Containerships

Euroseas Ltd. Signs New Building Agreements For The Acquisition Of Two Fuel Efficient 2,800 Teu Feeder Containerships

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced...
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