News Flash

Synergy Group: Action Not Platitudes Needed On Day Of The Seafarer

After a year of seafarer mistreatment by governments and ineffective lobbying on their behalf by the shipping industry, stronger action...
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Portsmouth Southsea Coastal Scheme In Full Swing

In their latest project update, the officials introduced plans to extend working hours on the beach during December in order...
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China’s First Offshore Large-Sized Deepwater Gas Field Starts Production

CNOOC Limited has started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field. The Lingshui...
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Ship Finance For Greek Shipping Declined By 6.24% In 2020, As Loan Value Fell Under $50 Billion

Afurther reduction of the overall loans towards Greek shipping companies is the main conclusion from the latest annual review of...
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Pole Star Acquires Start-up Vasanda To Strengthen Sustainability Offering

The acquisition, which follows growth investment in Pole Star in April 2021, will provide a new single-point, end-to-end screening solution for...
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Equity And Bank Finance Making A Comeback In Shipping

On the equity front, shipping is back in favour with investors big time. “The environment is such that investors are...
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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Prompt HSFO stems are tight in Russia, the Canary Islands and South Africa, while ample VLSFO supplies in the Mediterranean...
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South Korean Companies Develop Molten Salt Reactor For Shipping, Power Generation

South Korea’s state-run nuclear energy research institute and the country’s major shipbuilder have agreed to join forces to develop a...
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Agreement In Principle Reached Over Suez Canal Ship – Stann Marine

A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on...
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India’s May Crude Oil Imports Dip As Pandemic Curbs Demand

India’s May crude oil imports slipped to their lowest in three months as fuel demand sagged amid a second wave...
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South Africa To Revamp Ailing Port System, Says Ramaphosa

South Africa’s National Ports Authority (NPA) will operate as a stand-alone business under the aegis of state-owned freight logistics group...
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MPC Acquiring Songa Container In $210m Deal

MPC Container Ships is acquiring Songa Container and its fleet of 11 vessels in a $210.25m deal. The deal sees...
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ONE Modern Calls on Port of New Orleans, Third Direct-Asia Service

THE Alliance and Evergreen launched their new Asia-US Gulf service with the inaugural sailing of the ONE Modern calling on...
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Mayflower Autonomous Ship, Beset With Glitch, Sails Back To England

The Mayflower Autonomous Ship (MASS) has stopped its historic transatlantic crossing of the Atlantic Ocean three days after the initial...
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International Maritime Organization Bans Toxic Paint Substance Cybutryne

At the 76th session of the Maritime Environmental Protection Committee (MEPC 76), the IMO has prohibited the use of cybutryne...
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Hamburg Sud Containership Damages Hull In Dock Scrape

Dramatic images appeared on social media as a Hamburg Sud-operated boxship scraped along a ferry pier on Sunday, June 20...
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CCS And Cosco Shipping Ink Maritime Decarbonisation Agreement

China Classification Society (CCS) and China Cosco Shipping Group have signed a new agreement that will see the two parties...
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Elcome Expands Europe Presence With Algeciras Office

Maritime systems provider Elcome International is expanding is presence in the European market with a new office in Algeciras. The...
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Denmark Tops The Paris MoU’s List

According to the annual list compiled by the Paris Memorandum of Understanding on Port State Control (Paris MoU), out of 70 nations, Denmark has...
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Damen Fits Batteries On Its All-Electric Tug

Damen Shipyards Group has reached a major milestone in the construction of its first fully-electric Reversed Stern Drive tug, having...
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