News Flash
DP World Callao In Peru Gets Approval For $333.6m Expansion
Peru’s National Port Authority (APN) has approved the technical works files of Phase 2 and additional investments of the New...
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Lack of Tonnage Hinders Scrapping Activity
A lack of available tonnage has proven to be a hindrance when it comes to increasing ship recycling activity. In...
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Ship Repair Sector Returns to Normalcy
The ship repair sector faced significant disruptions during most of 2020, as a result of the pandemic. However, things are...
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Panama Calls On IMO To Help Seafarers Stuck In China Amid Coal Trade Spat With Australia
Coal trade between Australia and China has turned into a nightmare for over 74 vessels and more than 1,500 seafarers,...
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North Star Makes Grand Entrance into Offshore Wind with Dogger Bank
Aberdeen-based company North Star Renewables has won the tender for the delivery of three service operation vessels (SOVs) for the...
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Tangier Med Takes Mediterranean Top Container Port Crown In 2020
There was close competition for the title of the Med’s largest container terminal last year with Tangier Med in Morocco...
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Taiwan’s Wan Hai Launches Aggressive Expansion With $1.5B In Orders
Taiwan-based Wan Hai Lines is continuing its fleet renewal and expansion program announcing another $1 billion in new construction orders...
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India’s Oil Diversification Could Be Good News For Tankers
Diversification of India’s oil sources could be positive news for tanker ton-mile demand, according to Poten & Partners. India’s government...
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KSOE Lands Shipbuilding Orders Worth $724 Million
South Korea’s largest shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won fresh orders worth 823 billion won ($724...
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ABS Launches Smart Emissions Reporting Tool
ABS has added another smart digital tool to its industry-leading environmental compliance support for shipowners and operators. ABS Emissions Reporter™...
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Growing Support Seen For Industry R&D Decarbonisation Fund Proposal At IMO
An industry proposal for a $5bn research fund to decarbonise shipping submitted to the International Maritime Organization (IMO) last week...
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Panama Calls Market Consultation On LRIT Operations
The Panama Maritime Authority (AMP) is seeking potential partners for Long-Range Identification Tracking System (LRIT) for the country’s ship registry....
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OPEC Keeps Eyes On The Price Amid Texas Storm Impact, Saudi Attack
Little wavering from OPEC and its partner nations on supply curbs is expected in the near future after the cartel...
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International Seaways Orders Three LNG Dual-Fuel VLCCs For Shell Charters
New York-based International Seaways has ordered three LNG dual-fuel VLCCs from Daewoo Shipbuilding & Marine Engineering (DSME). The newbuilding are...
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Piraeus Retains Largest Med Port Crown In 2020
Piraeus retained its position as the Mediterranean's leading container hub in 2020 by the narrowest of margins and remains Europe's...
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CMA CGM Reports 4% Reduction In Overall Emissions In 2020
French container line CMA CGM saw a 4% reduction in overall emissions last year compared to 2019. CMA CGM said...
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Bill Gates’ Venture Fund Backs High-Efficiency Green Hydrogen Startup
Bill Gates' Breakthrough Energy Ventures (BEV) has completed a $22 million investment round for Israeli green hydrogen startup H2Pro, which...
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Crude-Oil Price Overhaul Hits Delay Amid Shipping-Cost Uproar
Plans for the biggest overhaul in decades of how international oil prices are measured are being put on hold following...
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No Respite For Tanker Owners Until The Second Half Of 2021
All hope for the tanker market’s recovery is rested on the second half of the year, when oil demand is...
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SELKIE Puts Out Innovation Survey For Offshore Renewables Sector
The EU-backed SELKIE project has designed a detailed industry survey whose aim is to get essential direction on the development...
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