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Container shipping asked to clean up its act in view of upcoming scrapping wave

Triggered by overcapacity, lower freight rates and the new carbon regulations expected this year, numerous container ships will be sold...
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VLSFO cash premium slides for third straight day

Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell for a third consecutive session on Wednesday, weighed by...
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Klaveness Combination Carriers ASA (“KCC”) Environmental Strategy 2023-50: Paving the way for cost-effective decarbonization in shipping

Our course is set on a 45% reduction in carbon intensity by 2030 compared against 2018, driven largely by substantial...
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Shipping Corp to use $22.48m insurance money as capital expenditure

The Bangladesh Shipping Corporation – a state-owned oceangoing vessel management authority – has finally received $22.48 million in insurance claims...
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Electricity generated from Tidal Energy will be supplied to an Off-Grid island for the First Time in South East Asia

A tidal-energy demonstration off the grid* of Singapore will start generating power for the first time in South East Asia....
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Seaspan Announces Completion of Acquisition of Atlas by Poseidon Acquisition Corp.

Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO), today announced that the Company...
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Maersk’s APM Terminals to double capacity in Rotterdam port

APM Terminals, a subsidiary of Danish shipping company Maersk MAERSKb.CO, plans to double its capacity at Rotterdam Port, a spokesperson...
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Standard Chartered Played a lead role in Vista Shipping’s USD89.6 million Loan for The Acquisition of LNG-Dual Fuelled Vessels

Standard Chartered was appointed to lead a USD89.6 million sustainability-linked loan (SLL) for Vista Shipping, a joint venture between Hafnia...
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Nor-Shipping partners to fuel progress with dedicated hydrogen conference

Nor-Shipping is partnering with Ocean Hyway Cluster, Norway’s leading Hydrogen network, and cluster organisation Maritime CleanTech to deliver The Second...
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Norsepower secures €28 million from investors to bring sails back to shipping

Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successfully secured 28 million euros in...
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Kongsberg Maritime to provide design, engineering and equipment on three methanol ready, wind-assisted tankers for Tärntank

Kongsberg Maritime will supply design, engineering, and equipment for three MGO/Biofuel and methanol-ready tanker ships being built for Danish tanker...
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ICS publishes new landmark practical medical guide which can deliver a remarkable difference in seafarers’ and fishers’ lives on board vessels

Given the remote nature of shipping, seafarers know that their life may sometimes depend on at-hand practical information readily available...
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Industry bodies unite in producing Guidelines for safe transport of Lithium-ion batteries in containers

The Lithium-ion Batteries in Containers Guidelines seek to prevent the increasing risks that the transport of lithium-ion batteries by sea...
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HSFO margins recover to nine-month highs

Refining margins for high sulphur fuel oil (HSFO) rose to nine-month highs as of Tuesday, supported by expectations of potentially...
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DNV upgrades AFI platform to promote data-sharing and accelerate transition to zero-carbon shipping

DNV has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelerate the decarbonization of...
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Baltic index drops to a near 3-week low on lower vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest level...
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ABS and Texas A&M Grow Global Strategic Relationship with $2.5m Donation to Endow Ocean Engineering Department Chair and Fund New Laboratory for Ocean Innovation

ABS and Texas A&M University (TAMU) are expanding their unique global strategic relationship with a $2.5m donation to endow the...
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Mission To Seafarers And Deutsche Seemannsmission Agree Partnership Deal To Support Seafarer Welfare In Panama

Leading maritime welfare organisations The Mission to Seafarers and Deutsche Seemannsmission have launched a new partnership to improve welfare services...
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DNV awards first D-INF(S) type approvals to COSCO and SHI for standardized data infrastructure systems

COSCO and SHI have received the world’s first D-INF(S) type approvals from DNV for their data collection systems. The D-INF...
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Wallenius Wilhelmsen: Electric vehicles pose a new threat to safety on the high seas

Shipping companies are facing an added concern with the increasing demand for electric vehicles. Fires onboard vessels can have catastrophic...
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