News Flash

USCG Vessel Spills Oil In Alaska

On 26 December, USCG said it responded “to a report of a discharge of hydraulic oil from Coast Guard Cutter Spar”....
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Plocan Tackles Underwater Noise From Shipping

Plocan is in charge of developing a Virtual Research Environment that collects and allows external users to access to the...
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Maersk Elba Loses Power After Fire Off Portugal

The vessel in question is the 13,092 TEU Maersk Elba, owned by Japan’s Financial Products Group. At the time of...
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Seaways Shipping Inks Pact With MOL Logistics For Supply Chain Services

Hydearbad-based Seaways' group flagship Seaways Shipping and Logistics on Monday said it has entered into a pact with the MOL Logistics (India) for providing...
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Bunker Suppliers Reliance, IOC, BP, HP & Nayara Gets Show-Cause Notice For Violating Surveillance Audit

The Directorate General of Shipping has sought an explanation from ship fuel (bunker) suppliers such as Reliance Industries, Indian Oil...
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China Okays KSOE-DSME Merger

China’s State Administration for Market Regulation (SAMR) recently informed KSOE that the proposed business combination with DSME would not violate...
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Panama Canal Wait Time Rise For Asia-bound LNG Cargoes Without Reservations

Average Panama Canal passage wait times for Asia-bound LNG tankers from the US Gulf Coast without reservations are up to...
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South Korea Unveils Initiative To Promote Eco-Friendly Ship Technologies

Entitled “2030 Green Ship-K Initiative”, it is part of the country’s Act on Promotion of the Development and Distribution of Eco-Friendly...
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CMA CGM Names 4th 23,000 TEU LNG-Powered Boxship

The naming ceremony was held on December 22 in Shanghai. She is the 4th of the nine 23,000 LNG-powered vessels...
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OPEC: Oil Market Review Of 2020 And Outlook For 2021

While 2020 began on relatively solid footing, the COVID-19 pandemic upended all expectations, especially for 1H2020. Indeed, global growth recovered...
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As 2021 Will Bring The Largest Crude Deficits In Years, A Window Of Opportunity Opens For Producers

The Covid-19 pandemic has devastated crude and condensate demand in 2021, creating massive supply surpluses and filling up inventories, causing...
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Container Debris “Sprouts up” on Oregon Coast

The Oregon State Parks authority is responding to reports of debris from a cargo container washing up on the coastline....
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Hapag-Lloyd Orders Six LNG-Powered 23,500 TEU Containerships

The $ 1 billion investment will see the LNG-powered 23,500+ TEU vessels delivered to Hapag-Lloyd between April and December 2023....
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Ship Recycling Market Looking Active as Tonnage Supply Increases

More ship owners appeared willing to offload their older ships as 2020 nears its end. In its latest weekly report,...
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Maersk Receives 4.9 Stars Out Of 5 On Environmental Reporting

Maersk is not only the largest container carrier in the world but also the shipping company leading the maritime quest...
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ONE Announces Letter Of Intent For Long-Term Charter Of World’s Largest Ultra Large Container Ships

The new buildings are planned to be built by the consortium of Imabari Shipbuilding and Japan Marine United Corporation, with...
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Congress Approves Houston Ship Channel Dredging Project

The massive stimulus package passed by the House and Senate this week included a wide variety of additional legislation, including...
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Two Chinese Vessels in Distress in Storm off Vietnam Prompting Rescues

A strong storm moving across the South China Sea in the area near Vietnam placed two Chinese-owned vessels in distress....
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Another Step Towards A Zero-Emission Future

On 17 December, my colleagues and I were thrilled to be welcomed onboard the Yara Birkeland, the world’s first fully...
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US Imports 151.4 Million Christmas Tree Lighting Sets In The First Ten Months Of 2020

During the first 10 months of the year, the US has imported a total of 151.4 million sets of Christmas...
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