News Flash
Iran Releases Crew Of Detained South Korean Tanker
Iran agreed to release the crew of a South Korean chemical tanker that it detained at the beginning of January....
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New BIMCO Clause Aims To Curb AIS Abuse
BIMCO is working on a charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification...
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Port of Antwerp, The Gateway Between Western Europe And The Great Lakes St. Lawrence Region
Port of Antwerp has several Memorandum’s of Understanding with foreign partners. One of these partners is the Great Lakes St...
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Corvus Plans Large-scale Production Of Maritime Fuel Cell Systems With Toyota
Energy storage firm Corvus Energy is planning to start the development and production of large-scale maritime hydrogen fuel cell systems...
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Hyundai Heavy IPO Plan Faces Feasibility Doubts
The feasibility of the scheduled Initial Public Offering (IPO) of Hyundai Heavy Industries is facing doubts as the plan may...
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InceMaritime Makes Debut With Integrated Cyber Security Service
UK-based international law firm Ince has launched an integrated cyber security solution in conjunction with Mission Secure, one of the...
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Geollect Wins ADMIRALTY Maritime Insurance Innovation Challenge
The UK Hydrographic Office (UKHO) has announced leading geospatial intelligence technology provider Geollect as the winner of the second ADMIRALTY...
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Furuno Launches The First IMO-compliant X-band and S-band Radar Package
FURUNO ELECTRIC CO., LTD. (headquartered in Nishinomiya, Japan) presents, for the first time, a complete Magnetron-free Radar/Chart Radar Solution in...
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KDB Moving To Sell Off HMM To POSCO
Korea Development Bank (KDB) is planning to sell off HMM (formerly known as Hyundai Merchant Marine) to POSCO. KDB, the...
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MOL Announces Restructuring Measures
Mitsui O.S.K. Lines, Ltd. yesterday announced that it will restructure the organization effective April 1, 2021, as follows: 1. Establishment of...
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Shipping Industry Seeks Govt. Help To Deal With Piracy In Gulf of Guinea
Cargo from the oil-rich region plays a crucial role in ensuring India’s energy security The Indian National Shipowners’ Association (INSA),...
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Avenir LNG Limited Announces The Launch Of The Avenir Allegiance
Avenir LNG Limited announces the launch of the Avenir Allegiance; the world’s largest dual-purpose, LNG supply and bunkering vessel from...
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Australian Coal Trade Up Despite Chinese Woes
The value of Australia’s coal exports increased by 26% in the month of December, compared with November, despite the ongoing...
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Maersk Tankers Sells Its First Wind-Assisted Vessel
Maersk Tankers, which spearheads Maersk's liquid bulk business, recently announced a decision to sell Maersk Pelican. Pelican was the first product tanker in the...
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IMO Says Transition To LSFO Went Extremely Smooth With Only 55 FONAR Reports
The transition to low sulphur in fuel oil in 2020 saw only 55 cases of 0.50% compliant fuel being unavailable,...
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Grimaldi Welcomes 3rd Hybrid RO-RO Vessel Into The Fleet
Eco Livorno, the third of twelve hybrid vessels of the Grimaldi Green 5th Generation (GG5G) class, has been delivered to the Grimaldi Group...
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US Shipbuilders Show Support For Biden Following ‘Buy American’ Executive Order
US shipbuilders and the offshore sector have added their support to new US President Biden this as an Executive Order...
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MOL Sends Its First LNG Carrier To The Breakers
Japanese shipowner Mitsui OSK Lines (MOL) has bid farewell to the first and oldest LNG carrier in its fleet –...
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Italy & France Pull The Plug On Fincantieri’s Takeover Of Chantiers De l’Atlantique
The planned mega-merger between Italian shipbuilding major Fincantieri with its French counterpart Chantiers de l’Atlantique has fallen through. The decision...
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Wartsila’s Marine New Orders Decline 23% In 2020
The impact of the Covid-19 pandemic and a slump in shipbuilding contracting resulted in Wartsila’s marine businesses seeing a 23%...
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