News Flash

Shipping Faces Investment Obstacles In Low-Carbon Marine Fuels

Shipping has been slower than other other transportation sectors in identifying a decarbonization approach to help counter climate change.As airlines...
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Maersk Acquires Danish Company To Add Global Project Logistics

Maersk is continuing to use its strong financial results and cash generated from operations to pursue its strategy to become...
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Keppel O&M Tries Out VR Goggles In The Shipyard

Keppel Offshore and Marine (Keppel O&M) is pushing the quest for digitalization to new heights after adopting a 5G enabled...
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IMF Tells Europe To Let Consumers Bear The Brunt Of Higher Bills To Encourage Energy Saving

The International Monetary Fund warned European governments against intervening in the region’s worsening energy crisis with broad-based financial support, saying...
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Iran Says Ready To Return Oil Output To Pre-Sanctions Level

Iran said that it is ready to return its crude oil production to pre-sanctions levels at the earliest possible time....
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Asia Grains-Russian Suppliers Offer Wheat In Asia, But Buyers Reluctant

Suppliers offered Russian wheat at lower prices this week in Asia, but most millers were unwilling to sign deals in...
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Port Of New York And New Jersey Adds Fees For Ocean Carriers As Shipping Containers Pile Up

The Port of New York and New Jersey announced new tariffs this week related to empty containers and export volume...
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A. P. Moller – Maersk To Acquire Danish Company Martin Bencher Group To Strengthen Handling Of Project Logistics

Today, A.P. Moller – Maersk (Maersk) has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company...
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K Line: Proposal To Acquisition Of Shares In Atlas Corp. By A Consortium Including An Equity Method Affiliate

Kawasaki Kisen Kaisha, Ltd. (““K”Line”) informs that a consortium composed of David L. Sokol, Chairman of the Board of Directors...
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Japan’s NYK-Owned Tanker To Load Sakhalin 2 LNG As New Operator Takes Over

A number of LNG tankers are arriving at Yuzhno-Sakhalinsk in Russia’s Far East at a time when a new Russian...
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MOL Joins Research JV Using Aerospace Engineering To Reduce Emissions

Mitsui O.S.K. Lines, which has already been actively pursuing wind-assisted propulsion and fluid dynamics for improved performance, will now join...
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Tugboat Unions To Disrupt Australian Ports In Long Contract Dispute

Three of Australia’s maritime unions are threatening to disrupt operations at ten of Australia’s seaports on Friday, August 5, in...
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StormGeo, Part Of Alfa Laval, Expands With Bunker Procurement Optimization Through The Acquisition Of BunkerMetri

Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for...
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FSL Trust Reports Improved Net Profit Of US$ 2.1 Million For The 2nd Quarter 2022 And Declares A Distribution Of 1.60 US Cents

FSL Trust Management Pte. Ltd. (“FSLTM”), the trustee-manager of First Ship Lease Trust announced the unaudited financial results of FSL...
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Ukraine Expects First Vessel To Arrive To Collect Grain – Official

A Turkish bulk carrier is expected to arrive in the Ukrainian Black Sea port of Chornomorsk on Friday and will...
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Ocean Freight Capacity And Volumes Continue US West To East Coast Shift, With Port Congestion Following Suit

Xeneta’s latest market analysis details a continuing shift in container shipping capacity on routes from the Far East to the...
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“Global Supply Chains Have Built Resilience Over The Past 2 Years, Further Disruptions To Cause A Limited Impact On Containerised Trade”: Container Xchange Analysis

As the shipping world enters peak season shipping, freight forwarders and shippers are concerned about the geopolitical risks that will...
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Why Reclamation Of Hull Cleaning Waste Material Is Essential To Ensure A Clean And Sustainable Future For The Maritime Industry

Social responsibility, social governance, sustainability… the need for corporations to be good and do good has never been greater. This...
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ESG Focused Digital Maritime Platform RightShip To Acquire

RightShip, one of the world’s leading ESG focused digital maritime platforms, today announced the acquisition of Thynk Software’s maritime tech...
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U.S. LNG Exports Fall Further After Explosion, Europe Takes Bigger Slice

U.S. exports of liquefied natural gas (LNG) fell for second consecutive month in July, weighed down by the processing halt...
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