News Flash

ICTSI Pakistan Hits 10m Teu Milestone

Pakistan International Container Terminal (PICT), operated by International Container Terminal Services, Inc’s (ICTSI) Port of Karachi, marked a milestone with...
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ABS Launches Industry-First Simulation Decarbonization Service

In an industry first, ABS has launched an advanced service using sophisticated modeling and simulation technologies to assess the impact...
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Samsung Heavy Industries To Close Ningbo Yard

Samsung Heavy Industries (Ningbo) is laying off its staff and shutting down the factory following its headquarters in South Korea...
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CMA CGM Invests In Brittany Ferries To Support Its Post-Covid Recovery

France’s shipping giant CMA CGM has agreed to make a €25 million ($29.5 million) investment in compatriot Brittany Ferries, including...
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MOL Signs Charter Deals For 4 New LNG Carriers To Serve NOVATEK

TOKYO-Mitsui O.S.K. Lines, Ltd. yesterday announced that, through a subsidiary, it has signed time charter contracts for four newbuilding liquefied...
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BofA Could Bring Forward $100 Oil Target In Event Of Cold Winter

Bank of America Global Research said it could bring forward its $100 per barrel oil price target to the next...
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Denmark To Provide Vaccination For International Seafarers

The Danish government is the latest government to provide vaccination against Covid-19 for international seafarers visiting the country’s ports. Some...
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Port Of Calais Inaugurates $1 Bn Expansion

France´s Port of Calais has inaugurated a new $1bn-extension that has been under construction since 2015. The expansion includes a...
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Wärtsilä To Support Hudong-Zhonghua And ABS To Develop IMO2050 CII-Ready LNG Carrier

The technology group Wärtsilä will collaborate with ABS and Hudong-Zhonghua Shipbuilding (HZS) to develop a flexible, future-proof, and modular LNG...
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GEV Gets WA Renewable Hydrogen Grant

Australian energy transition company Global Energy Ventures has secured funding support to evaluate the technical and commercial feasibility of exporting...
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Maritime’s £56bn UK Economic Impact Revealed At The Start Of London International Shipping Week

A new study has revealed the significant economic contribution of the maritime industry, contributing more than £56.4 billion per annum....
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Fueltrust Launches Bunker Insights Application To Deliver Transparency In The Marine Fuel Chain

FuelTrust, the technology company dedicated to creating a trusted and sustainable fuel ecosystem for the marine industry, today announces the...
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GSBN Delivers Blockchain Platform With Oracle, Microsoft, AntChain And Alibaba Cloud

GSBN announced that its blockchain platform built in partnership with Oracle, Microsoft, AntChain and Alibaba Cloud has officially gone live...
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AD Ports Group And CMA CGM Group To Invest $154M In New Terminal At Khalifa Port

Abu Dhabi-based AD Ports Group, the regional logistics and port operator, and France-based CMA CGM Group, have signed a 35-year...
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Upgrading Alexandria Port To Help Egypt Become International Trade, Logistics Hub

Egypt’s recent plan to upgrade its main port, the Port of Alexandria, is a great step towards the country’s ambition...
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Smugglers Fake Ship Identities To Evade North Korea Sanctions

Smugglers suspected of evading sanctions on North Korea have turned to schemes to create fraudulent identities for sanctioned ships, a...
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Søren Skou Calls On IMO To Set “End Date For Fossil-Fueled Shipping”

Maersk CEO Søren Skou has thrown down the gauntlet on decarbonization, challenging IMO to set a timeline for phasing out...
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Evergreen Orders 24 Containerships

Taiwanese container shipping company Evergreen Marine Corporation has decided to order 24 containerships in China. The units will be built...
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AIDA Cruises Aims To Have Carbon-Neutral Fleet By 2040

German cruise line AIDA Cruises, part of Carnival Corporation, wants its fleet to be zero-emission by 2040, ten years ahead...
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Peter Sand Leaving Bimco To Join Xeneta As Chief Analyst

One of the shipping industry’s analysts Peter Sand is leaving Bimco to join analytics platform Xeneta as Chief Analyst. Sand,...
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