News Flash

Mitsubishi Shipbuilding Receives BV Approval For New LNG Fuel System

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has been granted a new approval in principle...
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What’s On The Minds Of CEOs?

BP’s plan to divest 40% of its upstream production by 2030 is the single boldest, and most contentious, move in...
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CMA CGM Expands Kingston – Trinidad – Venezuela Service

CMA CGM has expanded its 12-day service on the Kingston-Trinidad-Venezuela, 'Veneziola' route, to the Netherlands Antilles (Aruba, Curaçao) and Colombia...
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MarineTraffic Extends Partnership With ORBCOMM for Satellite AIS Data

ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, today announced that MarineTraffic, a leading maritime information service,...
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Greek Central Bank Chief Warns Of 9.4% Economic Slump If Pandemic Worsens

Greece’s recession-hit economy could shrink at a rate closer to its central bank’s worst-case scenario if the coronavirus pandemic deepens,...
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Govt Drafts New Bill Solely For Coastal Shipping

The government has drafted a Bill to oversee India’s coastal shipping sector, which seeks to give a “legal structure” to...
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New Diamond Captain Released as Case of Burnt-Out Oil Tanker Concludes

The captain of the fire-stricken tanker New Diamond has been freed of his travel restrictions as the case of the vessel begins...
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Seafarers Stranded on Remote South Atlantic Island After Vessel Sinks

A dramatic rescue effort is underway to save 62 seafarers from a remote South Atlantic island after their vessel stuck...
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BIMCO Highlights Spike in Long-Term Freight Rates Far East to U.S.

Long-term freight rates are on the rise according to a new analysis from BIMCO. While the increase in long-term freight...
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SMF Announces Appointment Of New Executive Director From 2021

The Singapore Maritime Foundation (SMF) has announced that Tan Beng Tee, currently assistant chief executive (development) of the Maritime and...
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DG Shipping Is National Authority For Ships Recycling

The Directorate General of Shipping has been notified as the National Authority for Recycling of Ships under Section 3 of...
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NYK Participates in Discussions on Reducing Ship Emissions to Zero

The NYK Group recently introduced its efforts toward zero emissions from ships at two lively conferences to deepen cooperation with...
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Scorpio Sells Two More Bulkers Amid Switch To Offshore Wind

Bulker owner and operator Scorpio Bulkers is pushing forward with the disposal of vessels as part of its strategy to secure...
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Hapag-Lloyd Raises 2020 Forecast Amid Strong Market

German liner company Hapag-Lloyd said the performance of the container shipping market in the third quarter of 2020 was much...
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OPEC+ Will Ensure Oil Prices Do Not Plunge Again: Mohammad Barkindo

The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the...
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Port of Trois-Rivières to Expand By 50 Percent

The Canadian government is investing $25 million in new terminal infrastructure at the Port of Trois-Rivières, a small bulk and...
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Venezuelan Coal Exports Rise As U.S. Escalates Oil Sanctions

Venezuela is ramping up its production and export of coal to European nations, according to export figures and vessel tracking...
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South Africa’s DNG Energy Gets LNG Bunkering Permit

The authorization was granted by the Transnet National Port Authority (TNPA), the company informed in a statement. Aldworth Mbalati, DNG...
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Nixon: We Are Ready To Self Tax As An Industry, But Within A Uniform Standard

Introduction of a carbon levy in the shipping industry must be done in a uniform, transparent and fair manner, Jeremy...
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Terminal Portuario Guayaquil Inaugurates Expansion

Terminal Portuario de Guayaquil (TPG), a subsidiary of Chile-based SAAM Ports, has inaugurated an expanded dock and other improvements. The...
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