News Flash

Panama Calls Market Consultation On LRIT Operations

The Panama Maritime Authority (AMP) is seeking potential partners for Long-Range Identification Tracking System (LRIT) for the country’s ship registry....
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OPEC Keeps Eyes On The Price Amid Texas Storm Impact, Saudi Attack

Little wavering from OPEC and its partner nations on supply curbs is expected in the near future after the cartel...
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International Seaways Orders Three LNG Dual-Fuel VLCCs For Shell Charters

New York-based International Seaways has ordered three LNG dual-fuel VLCCs from Daewoo Shipbuilding & Marine Engineering (DSME). The newbuilding are...
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Piraeus Retains Largest Med Port Crown In 2020

Piraeus retained its position as the Mediterranean's leading container hub in 2020 by the narrowest of margins and remains Europe's...
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CMA CGM Reports 4% Reduction In Overall Emissions In 2020

French container line CMA CGM saw a 4% reduction in overall emissions last year compared to 2019. CMA CGM said...
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Bill Gates’ Venture Fund Backs High-Efficiency Green Hydrogen Startup

Bill Gates' Breakthrough Energy Ventures (BEV) has completed a $22 million investment round for Israeli green hydrogen startup H2Pro, which...
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Crude-Oil Price Overhaul Hits Delay Amid Shipping-Cost Uproar

Plans for the biggest overhaul in decades of how international oil prices are measured are being put on hold following...
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No Respite For Tanker Owners Until The Second Half Of 2021

All hope for the tanker market’s recovery is rested on the second half of the year, when oil demand is...
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SELKIE Puts Out Innovation Survey For Offshore Renewables Sector

The EU-backed SELKIE project has designed a detailed industry survey whose aim is to get essential direction on the development...
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Pirates Kidnap 15 Seafarers From Product Tanker Offshore Nigeria

According to reports the 19,800 dwt product tanker with a crew of 21 onboard was sailing from Latvia to Delta...
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Zero-emission fuels need to make up 5% of the fuel mix by 2030

Zero-emission fuels need to make up 5 percent of the international shipping fuel mix by 2030 to enable decarbonization in...
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A Road To Recovery For Product Tankers

Lead shipping analyst at Jefferies Inc., Randy Giveans  wrote in his recent research report on the products sector: “We believe...
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VANOS & TÜV HELLAS: A New Series Of Training Programs For Safety And Health At Work

The purpose of the new educational programs jointly organized by VANOS S.A. and TÜV HELLAS is to inform the participants...
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Canadian Maritime Bodies Embrace KDI’s Cloud-based eLearning Simulations As A Cutting-edge Educational Tool

Kongsberg Digital (KDI) is proud to announce that a growing number of maritime bodies in Canada, ranging from Canadian Marine...
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2021 Crude Oil Tanker Demolition Stalls As Second-hand Prices Win

The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry...
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Industry Calls For Adoption Of ‘Moon-Shot’ $5 Billion R&D Fund

Governments controlling a major share of the world’s shipping tonnage submitted today the proposal to the UN International Maritime Organization...
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Qatar Petroleum Takes Aim At New LNG Carrier Designs

Qatar Petroleum has signed a multi-party deal with a number of LNG players to develop new medium and large liquefied...
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DP World Returning To Indonesia With $1.2 Billion Terminal In Gresik

Global port operator DP World is set to return to Indonesia with a $1.2bn port and logistics complex in East...
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Kongsberg Digital Signs OrbitMI As New Partner On Kognifai Marketplace

Kongsberg Digital has signed a partnership agreement with OrbitMI to add its maritime intelligence, compliance, vessel tracking and vessel performance...
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India Asks Refiners To Diversify, Cut Reliance On Middle East Oil After OPEC+ Decision

India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the...
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