News Flash

Minority shareholders call for maritime ministry to privatize HMM

Oceans and Fisheries Minister Cho Seung-hwan has drawn criticism from minority shareholders of HMM, formerly known as Hyundai Merchant Marine,...
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Samskip adds Value Maritime CO2 capture to Decarbonisation strategy

Samskip is making carbon capture a key part of its integrated plan for decarbonising shipping, after choosing the Value Maritime...
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Lomar Shipping announces Corporate Acquisition of Carl Büttner Holding GmbH & Co. KG and expands Diverse Global Fleet

Lomar Shipping, a maritime subsidiary of Libra Group, has acquired the Bremen, Germany-based Carl Büttner Holding GmbH & Co. KG...
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Maersk Tankers will not raise pool fees to cover decarbonization, says CCO

Maersk Tankers, one of the world’s largest shipping pool operators by number of ships, will not raise its fees to...
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Tanker Market Could be Entering a Bullish Period

The tanker market is being heralded as one the main “beneficiaries” of the war in Ukraine and the shift that...
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Chennai Port-Maduravoyal corridor to be completed by Dec 2024

Work on the 20.5 km double-decker elevated highway between Chennai Port and Maduravoyal, being built at a cost of ₹5,800...
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Salalah Port to soon welcome large container ships

Salalah Port is planning to attract very large container ships and raise its handling capabilities, after the company’s board of...
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Transit of goods via Iranian ports increasing noticeably

In a press conference on Saturday, Ali-Akbar Safaei, the head of Iran’s Ports and Maritime Organization (PMO), underlined the significant...
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Sailor acquitted of setting fire that destroyed massive ship

A military judge on Friday acquitted a sailor of arson in a fire that destroyed the USS Bonhomme Richard, a...
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Vijayendra Parvataneni takes charge as MANSA’s president

Vijayendra Parvataneni has taken over the reins at Maritime Association of Nationwide Shipping Agencies (MANSA) as the unanimously elected President...
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Great Eastern Shipping Company delivers 2006 built Aframax Crude Carrier ‘Jag Lyall’

The vessel was contracted for sale in July 2022. Excluding this vessel, the Company’s current fleet stands at 43 vessels,...
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Shipping prices drop as parts of Rhine return to normal depths

Water levels on the Rhine in Germany have risen sharply after rain this week, returning to normal levels of parts...
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BP-chartered diesel tanker docks in Puerto Rican after U.S. waiver

A ship carrying a cargo of diesel fuel initially barred from hurricane-hit Puerto Rico anchored at the island’s Guayanilla port...
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Red flag: Shipping lines suddenly a lot less interested in renting ships

The cost to transport containerized goods peaked at unprecedented levels in late 2021. That cost has been falling ever since....
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Tanker Market could find Respite from Restricted Tonnage Supply Moving Forward

The tanker market is headed for a multi-year period of lower tonnage supply, which could help offset any dips in...
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Performance Shipping Inc. Announces Agreement to Acquire Eighth Aframax Vessel

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that it has signed,...
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UK legal obligations on international shipping

Emissions from the UK’s international shipping activities make up more than half of the UK’s total maritime emissions. However, the...
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The first African Maritime Schools Wellness Conference is a huge success

Aspiring seafarers from across eight African countries have hailed the first Sailors’ Society’s wellness and mental health conference, designed exclusively...
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EverWind and Svitzer Announce Joint Development of Green Fueled Vessels

EverWind Fuels Company (“EverWind”), a private developer of green hydrogen and ammonia production in Nova Scotia, and Svitzer, a leading...
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These electric hydrofoil ferries could unlock the potential of Seattle’s waterways

The Candela P-12 Shuttle —the world’s fastest all-electric passenger ship—will hit the water in 2023, flying passengers at a service...
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