News Flash

Biden Administration Targets Lines Over Detention And Demurrage

Shipping is again in the cross-hairs - this time the liner business has attracted the attention of the Biden administration,...
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UAE Acts On Vessel Abandonment With New Resolution

A Resolution passed by the UAE Council of Ministers at the beginning of July could mean an end to the...
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New IMO Submission Calls For Clarity On Enforcement Of 0.50% Sulphur Limit

The industry has coped remarkably well with the implementation of IMO 2020, but variable approaches to enforcement of the 0.50%...
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CONTAINER PREMIUMS: Trans-Pacific Rates Consolidate After July Increases

Premium service fees required by container shipping lines for North Asia-to-North America spot cargoes were rangebound in the week to...
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Hapag Lloyd Finishes Acquisition Of African Regional Carrier NileDutch

Hapag-Lloyd has finished its acquisition of the container and breakbulk line NileDutch, which specializes in the West African market.  With...
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Port Of Yantian Productivity Rapidly Improves But Export Delays Persist

The logjam of containers and ships at the Port of Yantian in China has noticeably improved in the 13 days...
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DP World Acquiring Imperial Logistics For $890m Expanding Africa Footprint

DP World has announced an offer to acquire South Africa-based Imperial Logistics, an integrated logistics provider with operations mainly across...
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DNV Launches Smart Centre In Qingdao

DNV debuted its new smart centre for Greater China region at north Chinese port city of Qingdao to support digitalisation...
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Alfa Laval Invests In Air Lubrication Technology

Sweden-based Alfa Laval has acquired a minority stake in the Netherlands-based technology company Marine Performance Systems, a developer of air...
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Procopiou Emerges As Top Bidder For Hellenic Shipyards

Though no formal announcement has been made leading Greek shipowner, George Procopiou has emerged as the top bidder in the...
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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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