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KR, HHI And Liberian Registry Joint Autonomous Navigation System
A partnership led by South Korea’s Hyundai Heavy Industries (HHI) aims to commercialise a second-level system with autonomous control supervised...
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Shipping Can No Longer Remain On The Sidelines, Says ICS
The shipping industry must co-operate with other sectors to influence decisions that will fundamentally affect shipping, according to ICS. In...
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South Korea Halts Ship Refueling At Key Ports As Typhoon Hinnamor Hits
Ship refuelling operations were temporarily halted at South Korea’s Busan and Ulsan ports on Tuesday after typhoon Hinnamnor hit the...
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Saudi Arabia’s Dammam Port Sets New Record Of Handling Containers In August
Saudi Arabia’s King Abdulaziz Port in Dammam sets a new record by handling 199,609 TEUs (twenty-foot equivalent units) of containers...
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Tankers Could Profit If US Restricts Gasoline And Diesel Exports
America’s refiners are producing near-record volumes of gasoline and diesel and selling historically high amounts to overseas buyers. Why not...
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Baltic Sea Freight Index Falls On Lower Capesize Rates
The Baltic Exchange’s main sea freight index snapped a three-session long streak of gains on Tuesday, due to a fall...
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Daewoo Shipyard Applies New Technologies To Deliver Eco-Friendly Shuttle Tankers In Time
Daewoo Shipbuilding & Marine Engineering has delivered two eco-friendly shuttle tankers to its Norwegian client by applying new technologies that...
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Europe Heading For Recession As Cost Of Living Crisis Deepens
The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis...
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VOC Port Inks Concession For New 600,000 TEU Container Terminal In India
The V.O. Chidambaranar (VOC) Port Authority has signed a concession agreement with Tuticorin International Container Terminal Private Limited (TICTPL) to...
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LRQA Certifies Industry-Leading GMS Ship Recycling Monitoring Programme
GMS’s Sustainable Ship & Offshore Recycling Programme (SSORP) has become the first and only Compliance Monitoring program to be successfully...
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Ocean Shipping Rates Have Plunged 60% This Year
Freight rates on the main ocean trade routes are sinking during what is typically the industry’s peak season after cargo...
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Baltic Index Extends Gains On Higher Rates For Larger Vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains for a third...
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DNV And DSME Join Hands To Develop Wind-Assisted Propulsion System
Daewoo Shipbuilding & Marine Engineering (DSME) and DNV have signed a memorandum of understanding (MOU) to establish energy-saving wind assistance...
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Wärtsilä Propulsion Solution Selected For Sustainable New Hybrid Tug
The technology group Wärtsilä will supply its advanced thruster solution for a new hybrid tug being built to operate in...
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Agreement Reached, SC Closes Case Between Adani Ports And JNPT
The Supreme Court on September 5 allowed a case involving a dispute between Adani Ports and the Jawaharlal Nehru Port...
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Commerce Secretary Optimistic Of Changing Weather After India’s August Trade Data Shows Exports Losing Steam
A contraction in exports coupled with a high import bill has renewed concerns over India’s widening trade deficit and its...
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Tanker Values On The Rise
Astronger tanker market over the course of the past few weeks, has helped increase prices for tankers as well. In...
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Iran Navy Says Thwarted Pirate Attack On Ship In Red Sea
An Iranian naval flotilla foiled a pirate attack on an Iranian merchant vessel in the Red Sea, the navy said,...
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Iron Ore Crumbles As China COVID Curbs Dampen Demand
Dalian iron ore fell on Friday to its weakest level in more than five weeks, while the steelmaking ingredient hit...
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India Is Likely To Become Third Largest Economy By 2029: SBI Report
India is likely to become the third largest economy by 2029 — up seven places since 2014 when the country...
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