News Flash

UAE Emerges As Hub For Companies Helping Venezuela Avoid U.S. Oil Sanctions

UAE Emerges As Hub For Companies Helping Venezuela Avoid U.S. Oil Sanctions

In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was...
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Adani Ports Jumps, Crosses ₹1 Trillion In Market Capitalization

Adani Ports Jumps, Crosses ₹1 Trillion In Market Capitalization

Adani Ports and Special Economic Zone Ltd crossed ₹1 trillion in market capitalisation for the first time on Monday after...
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USCG Vessel Spills Oil In Alaska

USCG Vessel Spills Oil In Alaska

On 26 December, USCG said it responded “to a report of a discharge of hydraulic oil from Coast Guard Cutter Spar”....
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Plocan Tackles Underwater Noise From Shipping

Plocan Tackles Underwater Noise From Shipping

Plocan is in charge of developing a Virtual Research Environment that collects and allows external users to access to the...
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Maersk Elba Loses Power After Fire Off Portugal

Maersk Elba Loses Power After Fire Off Portugal

The vessel in question is the 13,092 TEU Maersk Elba, owned by Japan’s Financial Products Group. At the time of...
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Seaways Shipping Inks Pact With MOL Logistics For Supply Chain Services

Seaways Shipping Inks Pact With MOL Logistics For Supply Chain Services

Hydearbad-based Seaways' group flagship Seaways Shipping and Logistics on Monday said it has entered into a pact with the MOL Logistics (India) for providing...
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Bunker Suppliers Reliance, IOC, BP, HP & Nayara Gets Show-Cause Notice For Violating Surveillance Audit

Bunker Suppliers Reliance, IOC, BP, HP & Nayara Gets Show-Cause Notice For Violating Surveillance Audit

The Directorate General of Shipping has sought an explanation from ship fuel (bunker) suppliers such as Reliance Industries, Indian Oil...
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China Okays KSOE-DSME Merger

China Okays KSOE-DSME Merger

China’s State Administration for Market Regulation (SAMR) recently informed KSOE that the proposed business combination with DSME would not violate...
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Panama Canal Wait Time Rise For Asia-bound LNG Cargoes Without Reservations

Panama Canal Wait Time Rise For Asia-bound LNG Cargoes Without Reservations

Average Panama Canal passage wait times for Asia-bound LNG tankers from the US Gulf Coast without reservations are up to...
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South Korea Unveils Initiative To Promote Eco-Friendly Ship Technologies

South Korea Unveils Initiative To Promote Eco-Friendly Ship Technologies

Entitled “2030 Green Ship-K Initiative”, it is part of the country’s Act on Promotion of the Development and Distribution of Eco-Friendly...
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CMA CGM Names 4th 23,000 TEU LNG-Powered Boxship

CMA CGM Names 4th 23,000 TEU LNG-Powered Boxship

The naming ceremony was held on December 22 in Shanghai. She is the 4th of the nine 23,000 LNG-powered vessels...
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OPEC: Oil Market Review Of 2020 And Outlook For 2021

OPEC: Oil Market Review Of 2020 And Outlook For 2021

While 2020 began on relatively solid footing, the COVID-19 pandemic upended all expectations, especially for 1H2020. Indeed, global growth recovered...
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As 2021 Will Bring The Largest Crude Deficits In Years, A Window Of Opportunity Opens For Producers

As 2021 Will Bring The Largest Crude Deficits In Years, A Window Of Opportunity Opens For Producers

The Covid-19 pandemic has devastated crude and condensate demand in 2021, creating massive supply surpluses and filling up inventories, causing...
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Container Debris “Sprouts up” on Oregon Coast

Container Debris “Sprouts up” on Oregon Coast

The Oregon State Parks authority is responding to reports of debris from a cargo container washing up on the coastline....
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Hapag-Lloyd Orders Six LNG-Powered 23,500 TEU Containerships

Hapag-Lloyd Orders Six LNG-Powered 23,500 TEU Containerships

The $ 1 billion investment will see the LNG-powered 23,500+ TEU vessels delivered to Hapag-Lloyd between April and December 2023....
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Ship Recycling Market Looking Active as Tonnage Supply Increases

Ship Recycling Market Looking Active as Tonnage Supply Increases

More ship owners appeared willing to offload their older ships as 2020 nears its end. In its latest weekly report,...
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Maersk Receives 4.9 Stars Out Of 5 On Environmental Reporting

Maersk Receives 4.9 Stars Out Of 5 On Environmental Reporting

Maersk is not only the largest container carrier in the world but also the shipping company leading the maritime quest...
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ONE Announces Letter Of Intent For Long-Term Charter Of World’s Largest Ultra Large Container Ships

ONE Announces Letter Of Intent For Long-Term Charter Of World’s Largest Ultra Large Container Ships

The new buildings are planned to be built by the consortium of Imabari Shipbuilding and Japan Marine United Corporation, with...
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Congress Approves Houston Ship Channel Dredging Project

Congress Approves Houston Ship Channel Dredging Project

The massive stimulus package passed by the House and Senate this week included a wide variety of additional legislation, including...
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Two Chinese Vessels in Distress in Storm off Vietnam Prompting Rescues

Two Chinese Vessels in Distress in Storm off Vietnam Prompting Rescues

A strong storm moving across the South China Sea in the area near Vietnam placed two Chinese-owned vessels in distress....
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