News Flash

TORM Purchases Eight MR Product Tankers With Chemical Trading Capabilities From TEAM Tankers In A Partly Share-Based Transaction

TORM on March 1, entered into an agreement to purchase eight 2007-2012 built MR product tanker vessels from TEAM Tankers...
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Hambantota Port In Wholesale Bunker Supply Partnership With Sinopec

Hambantota International Port (HIP) has launched the wholesale supply bunker fuels with Sinopec which it believes will bring competitive pricing...
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61 MoUs Signed By DG Shipping Ahead Of Maritime India Summit 2021

‘THE ROAD SHOW & MoU SIGNING CEREMONY’ organized by the Directorate General (DG) Shipping on Saturday, 27th February 2021 was...
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Container Line Schedule Reliability At Record Low For 6th Month Running

Container line schedule reliability fell to its lowest level for the sixth consecutive month according to Sea-Intelligence. Global container line...
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Dry Bulk Market: Capesizes Experience Mild Downward Slide This Week

Capesize The market took on a mild downward slide during this week with the 5TC opening at $14,224 to close...
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Port Of Corpus Christi, Port Of Rotterdam Join Forces

The U.S. energy export gateway Port of Corpus Christi has teamed up with the Port of Rotterdam to improve their...
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Total Granted LNG Bunkering License In Singapore

The Maritime and Port Authority of Singapore (MPA) said it has granted its third LNG bunker supplier license to Total...
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China Seeks To Accelerate Green Economy Including Shipping And Ports

China’s State Council released a guideline to further accelerate the development for a green and low-carbon economy, including the ports,...
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SCI Conducted A Virtual Conference Introducing The 2nd Maritime India Summit – 2021

On February 25, Shipping Corporation of India (SCI) virtually introduced the upcoming 2nd Maritime India Summit 2021, which will be...
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India’s Average Ship Turnaround Time At Major Ports Improves

The average turnaround time for ships at major ports in India has reduced by 35 percent over the last six...
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Minerva Marine Refutes Involvement In Oil Spill In Israel

Greek shipping company Minerva Marine has denied any links to last week’s oil pollution along the coast of Israel, which has resulted...
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Finlandia Seaways’ Engine Failure And Fire Caused By Improper Maintenance

The cause of the engine failure and fire onboard Lithuanian registered ro-ro cargo vessel Finlandia Seaways, which caused serious structural...
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Oriental Energy Quits LPG Shipping Market

Chinese private oil and gas exploration and production company Oriental Energy is exiting the LPG shipping business. The company has...
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UK Shipbuilding Strategy To Be Discussed At SMI Annual Conference

Maritime businesses and professionals from across the UK and the world are being invited to hear the Government and industry’s...
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Cheniere To Issue GHG Emissions Data To Its LNG Customers

U.S. LNG exporter and producer Cheniere Energy will begin providing its LNG customers with greenhouse gas (GHG) emissions data associated...
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Port Of Antwerp Deploys Autonomous Drones To Maintain Safety

Port of Antwerp is deploying an autonomous drone for the first time to maintain safety at the port’s critical infrastructure....
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Wartsila, Ocean Technologies To Jointly Deliver Digitalised And Simulated Learnings

Wartsila Voyage and Ocean Technologies Group (OTG) have forged a strategic partnership to share expertise and resources for enhancing safety...
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Challenging Year Ahead For Dry Bulk After Strong Start: Bimco

Dry bulk shipping looks set to face a challenging year ahead despite having enjoyed an “unseasonably robust start” to 2021,...
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Intermarine And SAL Heavy Lift Set Up New Joint Office In São Paulo

Intermarine Brazil and SAL Heavy Lift Brazil, will open a joint office in São Paulo, starting 1 March, to strengthen...
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Wallenius Wilhelmsen Plans To Restart Three More Vessels At Mid-Year

Citing improving market conditions and a tightening charter market, RoRo operator Wallenius Wilhelmsen announced plans to reactivate three additional vessels....
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