News Flash

Coronavirus Surge Throws Oil Recovery Into Reverse

Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus...
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Navios Maritime Acquisition Corporation Announces Delivery of One VLCC

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Baghdad, a new building VLCC of...
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ICS Calls for Increased Female Employment and Diversity for Seafarers

While the shipping industry is known for the diversity of nationalities employed at sea, one area where diversity lags is...
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INTERCARGO Calls for All Charterers to Allow Crew Changes

Charterers in some instances have been preventing crew changes from occurring, according to INTERCARGO. The trade organization representing the dry...
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Road Minister To Inaugurate Major Port Projects In Chabahar

In an interview with Mehr news, the Director-General of Sistan-Baluchestan Ports and Maritime Department informed the road minister is to...
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MOL signs Charter Contract for Three Ice-Breaking LNG Carriers for Arctic LNG 2 Project in Russia

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President and CEO: Junichiro Ikeda), announced that charter agreements were signed for three icebreaking liquefied...
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ClassNK Releases Guidelines for Membrane Systems on LNG Carriers

Classification society Nippon Kaiji Kyokai (ClassNK) has released its guidelines for membrane systems on liquefied gas carriers.   ClassNK said...
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Getting to Zero Coalition Welcomes 1st Flag State

The Isle of Man Ship Registry has become the first flag state to join the Getting to Zero Coalition, an...
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Legacy Issues, Pandemic – A Perfect Storm For Shipping Industry

The local shipping industry has been inundated by a number of issues, chief among them being financial difficulties and the...
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India Bound to Make Waves In the Tanker Market

India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in the tanker...
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Decommissioned FSO Seeks Final Destination

A decommissioned FSO that was sold to a Bangladeshi breaker for scrap is now anchored off Mumbai, awaiting news on...
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Dry Bulk Market: Capesize Market In Reverse Mode

Capesize The Capesize market was grasping for a bullish story this week as a possible mid-week rally fell flat. Following...
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OOIL Orders Seven 23,000 TEU Boxships At Cosco Shipyards

Seven indirect wholly-owned subsidiaries of OOIL respectively entered into the shipbuilding contracts with Dalian Cosco KHI Ship Engineering for the...
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“Hero at sea” Wins ITF Seafarers’ Trust Photography Competition

The ITFST has announced the winners of the Still At Sea photography competition, which invited seafarers to submit digital photos...
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Centre Proposes Mandating License For Foreign Vessels Engaged In Coastal Shipping In India

  Foreign vessels engaged in coastal shipping in India may be required to obtain a license from the Director General...
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ECB Survey See Lower Growth, Inflation Next Year

The euro zone economy may shrink less this year than feared but its rebound is also likely to be more...
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CMA CGM Takes Delivery Of 2nd LNG-powered 23,000 TEU Giant

The CMA CGM Champs Elysees has joined CMA CGM Group’s fleet as the company’s second 23,000 TEU containership powered by...
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170 Ships Sold for Scrap During the Third Quarter of 2020

There were a total of 170 ships broken in the third quarter of 2020. Of these, 110 ships were sold...
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DNV GL Hits Remote Survey Hat Trick With 20K Surveys, 2-year Anniversary And New Operational Centre

A new state-of-the-art Operational Centre to support the delivery of remote services to maritime customers has been launched in Hamburg,...
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Hapag-Lloyd Postpones November Trans-Pacific Container Rate Hike

German container shipowner Hapag-Lloyd will postpone its Nov. 1 rate hike for East Asia to North America route until Dec....
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