News Flash

Suez Canal Revenues Set To Reach $7 Billion By End Of Fiscal Year

Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed...
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Braemar Scoops £9.9 Million UK Ministry Of Defence Contract

Braemar signed a seven-year deal with the UK Ministry of Defence (MOD) to provide shipbroking services worldwide across all commercial...
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Globus Maritime Orders Bulker Pair From Nantong COSCO KHI

Globus Maritime Limited has signed two contracts for the construction and purchase of two fuel efficient bulk carriers with Nantong...
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Major Progress At The IMO: After Over A Decade Of Stalemate, The IMO’s Latest Meeting On GHG Emissions Achieves Consensus On Pricing GHG Emissions

The Intersessional Working Group (ISWG) on Greenhouse Gases (GHG) ISWG-GHG 12 marks the third substantive discussion on mid-term measures (MTM),...
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Poland Interested In Trans-Shipping LNG Through Portugal

Poland would be interested in cooperating with Portugal on potential LNG trans-shipping, Prime Minister Mateusz Morawiecki said on Friday, adding...
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Seaspan ULC Orders Two LNG Bunker Vessels For The Pacific Northwest

Canada-based shipping group Seaspan Marine Transportation has recently announced that Seaspan ULC signed a contract for the construction of two...
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MSC To Operate Future 2.5 Million Teu Panama Box Terminal

MSC is set to operate a new container terminal at the Panama Canal after the plans and concession for the...
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MOL’s Eco-Friendly Bulker To Help Reduce GHG Emissions In Woody Biomass Supply Chain

MOL Drybulk, a subsidiary of Mitsui O.SK. Lines (MOL), has signed a memorandum of understanding (MoU) with sustainable wood bioenergy...
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Vertom To Install VentiFoils On Two More Vessels

Dutch short sea owner and operator Vertom will retrofit Econowind’s wind assist VentiFoils on two more of its general cargo...
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Port Of Antwerp-Bruges Readies For First Hydrogen-Powered Tugboat En Route To Becoming Climate-Neutral

Port of Antwerp-Bruges and cleantech company CMB.TECH are preparing to soon welcome the Hydrotug, the first hydrogen-powered tugboat, which is...
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H2-Industries Set To Clear The Oceans Of Plastic Waste And Produce Clean Fuel From Innovative Ship Design

H2-Industries and TECHNOLOG Services, a naval architecture company, have joined forces to develop 3D designs for an innovative concept ship...
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U.S. To Release Proposed Offshore Oil & Gas Leasing Plan By End Of June ‘Despite Delays’

The Biden administration is planning to propose a new, five-year offshore oil and gas leasing program by the end of...
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Notarc Acquires The Panama Canal Container Port Terminal And Will Resume Construction Of The $1.4 Billion Project

Notarc Management Group (NMG), a LatAm-focused private investment and asset management firm, which last year launched its Panama Development Fund...
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$60 Billion First Quarter Windfall For Container Sector

The container industry made a $59.3bn profit in the first quarter, the sixth consecutive record quarterly profit for the sector....
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USCG Works With ITF To Repatriate Crew At Sea For 14 Months

The International Transport Workers’ Federation and U.S. Coast Guard teamed up last week to address the latest example of crewmembers...
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Airline Capacity 37% Lower Than 2019, Curbing Demand For Jet Fuel

In 2019, prior to the onset of the COVID-19 pandemic, jet fuel contributed an estimated 8% of oil products’ cargo...
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Turkey Welcomes Arrival Of Fourth Drillship

Following a recent report that Turkey is about to welcome the fourth addition to its fleet of drillships, the vessel...
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Unique Onshore Network, Ships As Range Extending ‘Stepping-Stones’ Tested For Inmarsat Orchestra

Inmarsat, the world leader in global, mobile satellite communications, has completed the first phases of testing of innovative technology developments...
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French Wind-Powered Cargo Ship Refines Design With Rigid Sails

A French plan for a wind-powered merchant ship known as the Neoliner reports that it continues to make progress completed...
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Damen To Promote Bawat’s Ship-Based Ballast Water Management System

Damen Green Solutions, a member of the Damen Shipyards Group, has been given the right to promote a green ship-based...
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