News Flash

Synergy Group Completes FSU Conversion

The FSU, which has a projected lifespan of 15 years, was delivered to its owner last week. Synergy will manage,...
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Environmentally Friendly Ballast Water Solution with Unique Advantages

Built on nearly two decades of expertise in the global water disinfection and treatment market, Atlantium’s proprietary UV-based ballast water...
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BIMCO Prepares Contract Template for Autonomous Shipping Deals

Shipping association BIMCO is adapting one of its standard contracts for use with future autonomous vessels. Though no autonomous cargo...
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Panama Celebrates 117 Years as a Republic and 199 Years of Independence

On the commemoration of the National Day of the Republic of Panama celebrating 117 years as a Republic and 199...
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Dry Bulk Market Could Rally If Scrapping Activity Picked Up

The dry bulk market could be heading for a rally, if ship owners commit to more scrappings. In its latest...
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HK Shipping Company and Power Company to Promote Carbon Offsetting

In an effort to raise awareness and promote carbon offsetting to the shipping industry, the Hong Kong shipping group Wah...
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Australia Holds Cargo Ship to Complete Overdue Crew Change

Australian authorities are continuing their strict enforcement programs designed to ensure the welfare of seafarers arriving at their ports. At...
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4th BIMCO Report on the IMSBC Code Amendments – Re-classification of Dangerous Goods

BIMCO started reporting from 30 September 2020, a series of articles, informing members of what to expect in the revised...
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Korean Shipping Companies Benefiting from Special Government Guarantee

South Korean shipping companies are enjoying high growth thanks to the South Korean government’s proactive support. South Korean shipping companies...
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First Ever Standard Contract For Autonomous Ship Operation Underway

BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous...
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European Commission Gives IHM Enforcement Guidance

“There has been substantial industry lobbying of the EU Commission for an extension to the deadline for compliance to allow...
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NYK Takes Full Control of Green Zeebrugge LNG Bunkering Vessel

To remind, the joint venture was established by NYK Line, Engie and Mitsubishi Corporation as an LNG bunkering unit. The...
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Nigerian National Petroleum Company Reports Blast on Storage Vessel

The Nigerian National Petroleum Corporation (NNPC) has confirmed an explosion aboard a tanker used for floating storage in the Oil...
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Crew Feel ‘Forgotten and Abandoned’ LR Survey Finds

There are currently 400,000 seafarers stuck at sea, according to the International Maritime Organization (IMO), due to government’s travel restrictions...
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Mitsui O.S.K. Lines Reports First Half Results

The average exchange rate of Japanese yen against the U.S. dollar during the first six months of fiscal 2020 appreciated...
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Shipping Demand To Suffer After Wave of New Lockdowns

Freight rates are about to face renewed downward pressure, on the back of a new wave of lockdowns around the...
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World’s Largest LNG-Powered Boxship CMA CGM Jacques Saade Arrives UK

The world’s largest containership powered by liquefied natural gas (LNG), the CMA CGM Jacques Saade is continuing her record-setting maiden voyage making her...
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U.S. Completes Withdrawal From Paris Climate Accord

The United States has formally departed the Paris Climate Accord, becoming the only signatory nation to withdraw. As a non-member,...
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Ship Owners Shun Away from the Demolition Market

Despite enough potential supply of tonnage primed for demolition, it seems that the conclusion of deals has been elusive over...
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Coronavirus Surge Throws Oil Recovery Into Reverse

Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus...
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