News Flash

BHP In Talks With Three Firms For LNG Bunker Supply Contract

BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships...
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ITF Repeats Warning On Covid Corner-Cutting Dangers

Organizations are again taking the opportunity to renew the focus on the challenges and dangers of delaying crew changes as...
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Historic Sailing Ship Arrives In Hamburg, Germany

One of the most historic cargo ships in the world, the four-masted bark Peking recently returned to Hamburg, Germany after an extensive...
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How The Top Container Lines Manage Capacity And Profitability

Up till the beginning of 2020, most shipping lines were absorbing losses on their books despite doing their best to...
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Cargo Throughput At China’s Major Ports Continues To Recover

Cargo throughput at China’s major ports has continued to recover as economic activities have normalized amid effective epidemic control measures,...
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Saudi Aramco Accepts October-Loading Term LPG with Some Cuts: Traders

Saudi Aramco has announced acceptances of October term LPG cargoes with some cancellations or cuts in cargo loadings, traders. Around...
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Govt Issues SOP For Purchase/Chartering Of Tugs By Major Port Trusts To Boost ‘Make In India’

The Shipping Ministry will blacklist Indian tugboat owners from participating in vessel hiring tenders floated by major port trusts if...
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Abu Dhabi Ports’ Smart Container Initiative Launched To Cut Emissions By Half

As part of its ongoing digital transformation drive, Abu Dhabi Ports has launched the Smart Container Initiative that will house...
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The Rise In Bunker Prices Has Come To A Halt & The Question Now Is ‘What Happens Next?

Looking at oil fundamentals at the moment, there are far fewer concerns about oil supply, with the OPEC+ countries producing...
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Tanker Market On The Back Foot In August

The tanker market faced downward pressure during the month of August. According to the latest monthly report from OPEC, “dirty...
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Lng-fueled Tankers To More Than Double By 2030 – Petronas Exec

The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by...
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Red-hot Ocean Rates Could Spark Government Intervention

In tanker and dry bulk shipping, the rate is the rate. It’s whatever the market says it is. It can...
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Us Shipping Regulator Issues Warning After Container Rates Hit Record Highs

The US Federal Maritime Commission is reviewing the container shipping market for possible non-competitive practices after container rates to the...
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Sri Lanka To Charge New Diamond Captain, Seek $1.9m In Damages

The captain of the fire-stricken very large crude carrier New Diamond is facing negligence and pollution charges in Sri Lanka....
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Crew Changes At India’s Vizhinjam Port Stalled By Local Agent

Crew changes on ships at Vizhinjam port, on the southernmost tip of the Indian peninsula, have been stalled by the...
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Sapura Energy Secures $203m Worth Of New Contracts

Malaysian offshore service provider Sapura Energy has secured a series of new contracts worth a total of MYR840m ($203m). In...
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Australia Bans Taiwanese Bulker For Underpaying Crew

The Australian Maritime Safety Authority (AMSA) has banned the 2008-built 28,300 dwt handy bulk carrier AC Sesoda for deliberately underpaying...
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Parliament Says Shipping Industry Must Contribute To Climate Neutrality

To decarbonize maritime transport, Parliament voted to include CO2 emissions from the sector in the EU Emissions Trading System. On...
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Norwegians Building Ocean Infinity Armada

Marine robotics company Ocean Infinity has selected Norwegian firm Grovfjord Mek. Verksted (GMV) to build its ultra-low emission Armada fleet...
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COVID-19 Is Negatively Impacting The Offshore Energy Insurance Sector, But Market Is Beginning To Harden, Says Iumi

At session of the IUMI (International Union of Marine Insurance) annual conference, delegates heard that the offshore energy sector was...
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