News Flash

Atlantic Supramax scrap market sees weak momentum in week 33 on thin activity

The Supramax segment in the Continent and Baltic Sea regions endured a trading week that remained firm, mainly caused by...
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Seaspan Launches The Canadian Coast Guard’s Flagship

According to the company's release, Seaspan Shipyards (Seaspan) launched the Canadian Coast Guard’s flagship science vessel, CCGS Naalak Nappaaluk, Canada’s...
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Egyptian Ship ‘MV Wadi Albostan’ Arrested At Paradip Port

An Egyptian ship, currently anchored at Paradip Port in Odisha, has been 'arrested' following an Orissa High Court order, an...
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Sirius Shipping To Optimise Just-In-Time Arrival With Manta Marine Technologies’ Fuel Opt

Manta Marine Technologies (MMT) has received an order for two FuelOpt systems for Sirius Shipping’s Sirius Evolution 15K product/chemical tankers...
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Bahri Secures $1bn Deal To Acquire 9 Very Large Crude Carriers

Saudi Arabia’s National Shipping Co. has signed a $1 billion deal to purchase nine very large crude carriers for its...
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BII Commits $35m To the Development of Democratic Republic Of Congo’s First Deepwater Port

The UK’s development finance institution funds the new project alongside logistics company DP World. The port will become the single...
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PIL Further Renews Fleet with Order For Five 13,000 TEU LNG Dual Fuel Container Vessels

Pacific International Lines (PIL) is stepping up its fleet renewal programme and has ordered five new container vessels with a...
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HD Hyundai Marine Solutions Secures Landmark $30 Million LNG Conversion Deal

According to industry sources, on the 18th, HD Hyundai Marine Solutions, a subsidiary of HD Hyundai, secured its first project...
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Indian Port Workers To Go On Strike To Demand Better Wages, Benefits

A group of Indian port workers’ unions has called for a strike from Aug. 28 to demand immediate settlement of...
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World’s 1st Installation Of Rotor Sails On A Capesize Bulk Carrier For VALE

Mitsui O.S.K. Lines and Vale International announced that a 200,000-ton class bulk carrier, currently employed under a mid-term contract for...
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Baltic Index Marks Best Week In Over 3 Months As Vessel Rates Rise

The Baltic Exchange’s main sea freight index rose on Monday to a more than three-week high as the capesize segment...
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India’s Shipping Ministry Offers To Build Port In Andhra Pradesh Near Planned Refinery

The shipping ministry has offered to build a seaport alongside a refinery that Bharat Petroleum Corp is planning to set...
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British International Investment Commits Up To $35 Million Alongside DP World into The Democratic Republic Of The Congo’s First Deepwater Container Port

British International Investment, the UK’s development finance institution and impact investor, has committed to investing up to $35 million in...
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Chinese Company BYD’s First Carrier Vessel Docks In Spain

The first vessel of Chinese automaker BYD's shipping fleet has arrived in the Spanish port of Santander, the company announced...
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Candela Supplies Flying Electric Ships To Saudi Arabia’s NEOM

The Candela P-12, the world's first electric hydrofoil ship, will service the planned water network in NEOM, the gigantic, sustainable...
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World’s First Machine Room Safety Accreditation for Ammonia Fueled Ammonia Gas Carrier To Be Granted By ClassNK

The world’s first accreditation for “Machinery Room Safety for Ammonia” (MRS) will be granted by ClassNK for the Ammonia-Fueled Medium...
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China Merchants Energy Shipping Orders Ten New Oil Tankers from Dalian Shipbuilding

China Merchants Energy Shipping Co., Ltd. ("CMES") issued an announcement announcing that through its wholly owned subsidiary Haihong Shipping (Hong...
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NYK Bulk & Projects To Time-Charter Methanol-Fuelled Bulk Carrier

NYK Bulk & Projects Carriers has concluded a basic agreement with Kambara Kisen for the time charter of a methanol...
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PIL Further Renews Fleet with Order For Five 13,000 TEU LNG Dual Fuel Container Vessels

Pacific International Lines (PIL) is stepping up its fleet renewal program and has ordered five new container vessels with a...
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G E Shipping Boosts Fleet Efficiency With StormGeo

This cooperation intends to improve the operational efficiency and environmental performance of G E Shipping’s fleet by utilising StormGeo’s comprehensive...
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