News Flash

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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Mr. Vijay Arora Takes Over As Managing Director Of Indian Register Of Shipping

Indian Register of Shipping (IRClass) announces a top management transition with Mr. Vijay Arora taking over as Managing Director with...
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LR Announced The Sale Of 100% Of Its Business Assurance & Inspection Services Division, Including Cyber-Security Business

Business Assurance & Inspection Services division to be set up as an independent business, branded LRQA, to be acquired by...
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DNV Approved Samsung’s Design For Fuel Cell-Powered LNG Carrier

Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle from Norway-based classification society DNV for the design of...
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DP World Acquiring Syncreon In $1.2bn Deal

DP World is acquiring US-based global logistics provider syncreon for $1.2bn. The company provides specialised value-added warehousing and distribution solutions...
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Port Of New Orleans Issues RFP For Terminal Programme Management

The Port of New Orleans (Port NOLA) has issued a Request for Proposals (RFP) for Programme Management and Programme Controls...
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Maersk Signs Shipbuilding Contract For World’s First Container Vessel Fueled By Carbon Neutral Methanol

Maersk and Hyundai Mipo Dockyards have agreed on a contract for Hyundai Mipo to build a feeder vessel with a...
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Indicators Show Worsening Of Crew Change Crisis Due To Pandemic

The most recent data from a tracking effort that records the number of crew approaching the end or exceeding their...
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Hapag-Lloyd Makes First Digitally-Controlled Port Arrival

Kobe Express made the first Just-in-Time (JiT) port call at Tanger Med with arrival time optimised by Wärtsilä’s Navi-Port system....
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Dubai’s DP World Hires Banks For Sale Of Flagship Free Zone Stake-Sources

Dubai’s DP World has hired banks to help sell a minority stake in its flagship business park, Jebel Ali Free...
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