News Flash

Russian Forces Seize Port Of Berdyansk

The Ukrainian government has confirmed that the port of Berdyansk has fallen to Russian forces. The nearby port of Mariupol...
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DP World Acquisition Of Imperial Logistics Set For Completion

DP World is set to conclude its acquisition of South Africa-based Imperial Logistics Limited with all conditions having been fulfilled....
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Subsea Tech Unveils New Biofouling Inspection & Cleaning Tool

French engineering company Subsea Tech has developed a new solution for the inspection and cleaning of biofouling on ships. The...
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Suez Canal To Increase Tolls Effective March 1

While inflationary pressures have gripped the global economy, Egypt’s Suez Canal Authority said today it will be increasing canal tolls...
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BP Abandons $25B In Russian Oil Retreat

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of...
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Suiso Frontier Brings World’s 1st LH2 Shipment To Japan

Japanese shipbuilder Kawasaki Heavy Industries (KHI) said the world’s first liquefied hydrogen (LH2) carrier Suiso Frontier came back to Japan...
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Russia Seizes Two Ukrainian Cargo Vessels

Two Ukrainian commercial ships are reported to have been seized by the Russian Navy. The Ukrainian government said that the...
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US Imposes Sanctions On Russia’s Largest Shipping Company

Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in...
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Shanghai Port to Become First In China With LNG Bunkering Service Capability

Shanghai Port will become China’s first port with Liquefied Natural Gas (LNG) bunkering service capability, now that the first comprehensive...
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Nordic American Tankers Ltd Says Fourth Quarter Of 2021 Was Its Best In Over A Year: Prospects Are Good

Highlights:As regards the recent political events in Russia and Ukraine, we shall comment later when matters are more clear. 1....
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CMA CGM Launches Global Biofuel Bunkering Trial In Singapore

The CMA CGM Group, a world leader in shipping and logistics, with the support of the Maritime and Port Authority...
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UK Competition Regulator Investigating Noble-Maersk Drilling Merger

The UK’s competition regulator is looking into the proposed merger between two offshore drilling giants, Noble Corporation and Maersk Drilling....
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BIC And FIATA Join Cargo Integrity Group

The original five partners of the Cargo Integrity Group have welcomed the Bureau International des Containers (BIC) and the International...
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UK Needs Dedicated Shipping Minister, Better Export Finance

The UK can take steps to maintain its position as a leading maritime nation, according to Maritime London chair Harry...
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Hyundai Heavy Industries Reopens Gunsan Shipyard

Surging newbuild orders and a ballooning backlog have prompted Hyundai Heavy Industries (HHI) to resume operations at the Gunsan shipyard in...
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New York Bight Offshore Wind Auction Blows Away Record With $4.37 Billion In Winning Bids

After three days and 64 rounds of bidding, the U.S. Department of the Interior Bureau of Offshore Energy Management (BOEM)...
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Cheniere And EOG Extend Long-Term LNG Supply Deal

U.S. LNG exporter Cheniere Energy has extended the long-term gas supply agreement signed in 2019 with EOG Resources, tripling the...
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Acceleration In Merchandise Trade Bolsters Recovery In G20 Trade, But Growth In Services Trade Eases

Following a slow third quarter, G20 international merchandise trade accelerated in value terms in Q4 2021, partly due to high...
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Two Russian Cargo Ships Hit By Ukrainian Missiles, Russia Says

Two Russian commercial cargo ships have been targeted by Ukrainian missiles in the Sea of Azov, several Russian news agencies...
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CMA CGM To Test Biofuel On 32 Containerships For The Next Six Months

A range of shipowners have tested the use of biofuels on a limited basis on their fleets, but in the...
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