News Flash
Singapore Working On Protocol For International Seafarer Vaccinations
The city state has already vaccinated front line workers in the maritime and port industries, including foreign national seafarers who...
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Cargo Ship Spills Oil After Collision With Dredger Off Manila
The ships in question are the Philippine-flagged vessel MV Palawan Pearl and Cyprus-flagged utility vessel BKM 104, the Philippine Coast...
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Hyundai Motor Launches Project For Fuel Cell-Propelled Ships
South Korean Hyundai Motor Company has signed a Memorandum of Understanding (MOU) with marine service provider Hyundai Global Service and...
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Korean Shipbuilders Continuing To Outperform Chinese And Japanese Rivals
Clarksons Research reported on July 6 that the shipbuilding contracts signed last month added up to 4.15 million CGT (131...
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Blast From Containership At Jebel Ali Port Rocks Dubai
The Dubai authorities said the fire onboard a containership berthed at the key Middle East hub port had been brought...
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ZIM And Seaspan Announce New Long-Term Chartering Agreement For Ten 7,000 TEU LNG-Fueled Vessels
ZIM Integrated Shipping Services Ltd., and Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), announced today a...
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Lean Marine And Yara Marine Technologies Become One
Yara Marine Technologies, a front-runner in the development and implementation of emissions reduction technologies in the maritime industry, has acquired...
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Capital Increase In TORM In Connection With Delivery Of Vessel
With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product...
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MOL Charisma Refloated After Grounding In SE Asia
Containership MOL Charisma has been successfully refloated following a grounding between Vung Tau, Vietnam, and Singapore. Ocean Network Express (ONE)...
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KSOE Poised To Hit $14.9 Billion Order Target Earlier Than Expected
The latest plethora of deals scored by South Korea’s largest shipbuilder has enabled Korea Shipbuilding & Offshore Engineering (KSOE), a...
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Ever Given To Finally Depart Suez Canal On Wednesday
After being stuck in the Suez Canal for over three months, the 20,000 TEU containership Ever Given is poised to...
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Jaxport Sees Record Container Volumes In May
Jaxport has set a port record for container volumes in May, with total container movements increasing 37% over the same...
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IMF Chief Warns Of ‘Dangerous Divergence’ In COVID Recovery
The head of the International Monetary Fund warned on Monday of a “dangerous divergence” between developed and developing countries as...
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Marlow Navigation And Opielok Offshore Carriers (OOC) Sign Merger Agreement
On the 28th of June 2021, OOC and the Marlow Group signed an agreement in which Marlow takes over Opielok’s...
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Samsung Heavy Industries Bags $580 Million Order To Build 3 LNG Carriers
Samsung Heavy Industries Co. has won a deal worth 654.5 billion won ($579.2 million) to build three liquefied natural gas...
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Recycling Rates Likely To Break Through $600 Per LDT Soon
Prices have doubled over the last year, reaching record levels that could soon breach the $600 mark, according to the...
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U.S. Weekly Offshore Rig Count Flat
The number of offshore rigs in the U.S. remained unchanged over the last week, according to Baker Hughes. Baker Hughes...
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GMS Week 27 – DOUBLE TROUBLE!
Far from the traditionally expected slowdown during the monsoon / summer months, sub-continent recycling markets fired on at pace once...
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Container Premiums: Trans-Pacific Premium Rates Leapfrog Record High FAK Rates For July
Container freight costs from North Asia to North America climbed to a new all-time high at the start of July...
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Pandemic Drives Sea Freight Prices To Record High
Container shipping prices have reached record highs about 18 months after the outbreak of the coronavirus pandemic that disrupted maritime...
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