News Flash

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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Us Watches Iranian Fuel Cargoes To Venezuela, Keeps Up Pressure On Other Shippers

US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep...
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DP World Announces Agreements in Israel Under New Peace Deal

Just a month after the news of a peace deal between Israel and the United Arab Emirates and the same...
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IMO: Seafarers And The Urgent Issue Of Crew Changes; World Maritime Day Event On 24 September

On Thursday, 24 September 2020, between 14:00-15:00 CET, on the occasion of World Maritime Day, the International Maritime Organization, the...
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$50000 Raised To Resume Search For Missing Livestock Carrier MV Gulf Livestock1

Gulf Navigation holding PJSC (GNH) reported the missing of livestock carrier MV Gulf Livestock1 when it was route from New...
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CLIA: Over $23.5 Billion Invested In Environmentally Friendly Cruise Ships

The cruise industry has invested over $23.5 billion in ships with new energy-efficient technologies and cleaner fuels, the world’s largest...
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Demolition Market in Pre-Covid Levels

The ship recycling market has kept up its recovery pace, with prices rising to the levels close to the pre-Covid...
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SCI to set freight rates for India-Maldives direct service in line with market

Direct cargo service between the two countries will start on September 21 State-run Shipping Corporation of India (SCI) will “review”...
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Indian shipbreaking yards set to suspend operations due to oxygen shortage

Indian shipbreaking yards have been forced to suspend operations as the country is facing a shortage of oxygen supplies due...
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Captain Dies Of Cardiac Arrest Onboard Asphalt tanker, Vessel Docks At Karwar

Master of the Asphalt tanker, Global Lady, died in his cabin, onboard the ship during the voyage. Panama flagged vessel...
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