News Flash
Washington State Ferries selects ABB as propulsion single source vendor for five new hybrid ferries
ABB has been awarded a contract by Washington State Ferries (WSF) to serve as the Propulsion Single Source Vendor (PSSV)...
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South Korea’s Shipbuilding Boom at Risk Due to Escalating Labor Disputes
The shipbuilding industry is on the brink of an unprecedented boom, driven by increased orders for Liquefied Natural Gas (LNG)...
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ESP Code updated – New survey requirements for bulk carriers and oil tankers
To align with the latest revision of the ESP Code (as amended by IMO Res. MSC.525(106)) and IACS Unified Requirements...
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Maritime vision of the Re-elected Commission President
Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the...
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Shipping disruptions now affect Maersk’s global trade routes amid Red Sea crisis
Shipping disruptions affecting Maersk’s container shipping operations because of the Red Sea crisis have extended beyond the Far East-Europe routes...
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ABS And KRISO To Advance SMR-Powered Vessels And Floating Power Generation Platforms
ABS and the Korea Research Institute of Ships and Ocean Engineering (KRISO) are working together to advance commercial small modular...
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Turkey To Send Ship To Search For Oil And Gas Off Somalia Coast
Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas...
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Global Centre For Maritime Decarbonisation Concludes Biofuels Supply Chain Trials
The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with Very...
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Suez Canal Reports 23.4% Drop In Annual Revenue Due To Red Sea Crisis
The Egyptian Suez Canal’s annual revenue dropped by about 23.4 percent in the fiscal year 2023/2024 due to the Red...
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Ports Of Indiana, Port of Antwerp-Bruges Sign Mou
According to the Ports of Indiana's release, representatives from the Ports of Indiana and Port of Antwerp-Bruges met in Antwerp...
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Four Greek Ports Receive €10 Million In CEF Funds
Four regional ports that are part of the HRADF portfolio secured 10-million-euro funds from the European Commission’s Connecting Europe Facility...
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Asia Fuel Oil-Markets Largely Stable; India Sells More Supplies Via Tender
Asia's fuel oil markets changed slightly on Friday, while India sold more High-Sulphur Fuel Oil supplies via tender for loading...
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MOL To Invest In Carnot, A Tech Startup Developing Ways To Dramatically Increase Engine Fuel Efficiency, Slash GHG Emissions
Mitsui O.S.K. Lines, Ltd. (MOL) President & CEO Takeshi Hashimoto announced its intent to invest in Carnot Ltd. President Francis...
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Drewry’s World Container Index Rises 1%, Up 92% From Pre-COVID Levels
Drewry's World Container Index increased by 1 percent to $2,725 per 40-foot container for the week ending May 2. It...
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Baltic Index Posts Weekly Loss As Capesize Rates Fall
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, posted a weekly decline...
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Baltic index snaps 3-day losing streak on capesize demand
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a three-session losing...
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Yemen’s Houthi Rebels Claim Long-Range Drone Strike on Tel Aviv
Yemen's Houthi rebels have claimed responsibility for a drone strike that hit an apartment building in the Israeli city on...
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U.S. Navy Destroyer Helps Rescue 31 People in Eastern Med
On Tuesday, the crew of a U.S. Navy destroyer helped rescue a group of 31 migrants in the Mediterranean, with...
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Liberian Registry Appoints Passenger Ships Expert Capt. Giorgio De Sciora as New Vice President of Regulations and Standards
The Liberian Registry, the world’s largest ship registry, is proud to announce that Capt. Giorgio De Sciora has been hired...
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STAX Engineering Secures $40M to Bring the 3 Largest Shipping Vessel Classes into California Air Resources Board Compliance
STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading...
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