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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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Container freight rates expected to stay low as demand could remain subdued until Q3
Ocean freight rates are expected to remain subdued until the peak demand season later this year when US importers will...
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