News Flash
Samsung Heavy Industries Bags $580 Million Order To Build 3 LNG Carriers
Categories: News Flash
Date: Jul 06, 2021
Samsung Heavy Industries Co. has won a deal worth 654.5 billion won ($579.2 million) to build three...
Recycling Rates Likely To Break Through $600 Per LDT Soon
Categories: News Flash
Date: Jul 05, 2021
Prices have doubled over the last year, reaching record levels that could soon breach the $600 mark...
U.S. Weekly Offshore Rig Count Flat
Categories: News Flash
Date: Jul 05, 2021
The number of offshore rigs in the U.S. remained unchanged over the last week, according to Baker H...
GMS Week 27 – DOUBLE TROUBLE!
Categories: News Flash
Date: Jul 05, 2021
Far from the traditionally expected slowdown during the monsoon / summer months, sub-continent recy...
Container Premiums: Trans-Pacific Premium Rates Leapfrog Record High FAK Rates For July
Categories: News Flash
Date: Jul 05, 2021
Container freight costs from North Asia to North America climbed to a new all-time high at the star...
Pandemic Drives Sea Freight Prices To Record High
Categories: News Flash
Date: Jul 05, 2021
Container shipping prices have reached record highs about 18 months after the outbreak of the coron...
Mr. Vijay Arora Takes Over As Managing Director Of Indian Register Of Shipping
Categories: News Flash
Date: Jul 02, 2021
Indian Register of Shipping (IRClass) announces a top management transition with Mr. Vijay Arora ta...
LR Announced The Sale Of 100% Of Its Business Assurance & Inspection Services Division, Including Cyber-Security Business
Categories: News Flash
Date: Jul 02, 2021
Business Assurance & Inspection Services division to be set up as an independent business, bran...
DNV Approved Samsung’s Design For Fuel Cell-Powered LNG Carrier
Categories: News Flash
Date: Jul 02, 2021
Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle from Norway-ba...
DP World Acquiring Syncreon In $1.2bn Deal
Categories: News Flash
Date: Jul 02, 2021
DP World is acquiring US-based global logistics provider syncreon for $1.2bn. The company provid...
Port Of New Orleans Issues RFP For Terminal Programme Management
Categories: News Flash
Date: Jul 02, 2021
The Port of New Orleans (Port NOLA) has issued a Request for Proposals (RFP) for Programme Manageme...
Maersk Signs Shipbuilding Contract For World’s First Container Vessel Fueled By Carbon Neutral Methanol
Categories: News Flash
Date: Jul 02, 2021
Maersk and Hyundai Mipo Dockyards have agreed on a contract for Hyundai Mipo to build a feeder vess...
Indicators Show Worsening Of Crew Change Crisis Due To Pandemic
Categories: News Flash
Date: Jul 02, 2021
The most recent data from a tracking effort that records the number of crew approaching the end or ...
Hapag-Lloyd Makes First Digitally-Controlled Port Arrival
Categories: News Flash
Date: Jul 01, 2021
Kobe Express made the first Just-in-Time (JiT) port call at Tanger Med with arrival time optimised ...
Dubai’s DP World Hires Banks For Sale Of Flagship Free Zone Stake-Sources
Categories: News Flash
Date: Jul 01, 2021
Dubai’s DP World has hired banks to help sell a minority stake in its flagship business park, Jeb...
Proman Announces Two Additional Methanol-Powered Newbuildings
Categories: News Flash
Date: Jul 01, 2021
Provident and Progressive will be the fifth and sixth methanol dual-fuel vessels for Proman, to be ...
Euroseas Ltd. Signs New Building Agreements For The Acquisition Of Two Fuel Efficient 2,800 Teu Feeder Containerships
Categories: News Flash
Date: Jul 01, 2021
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container vessels and provider of seaborne t...
AST Launches Iridium Certus 200 Service With Usage Alert Capabilities
Categories: News Flash
Date: Jul 01, 2021
Applied Satellite Technology (AST) Ltd, today announced the official launch of its unique Iridium C...
Hybrid Audit And Inspection Will Be 'New Normal'
Categories: News Flash
Date: Jun 30, 2021
The future of maritime audits and inspections will include a hybrid blend of remote digital verific...
New Alliance Could Ease Ship Repair Squeeze On Ballast Water Installations
Categories: News Flash
Date: Jun 30, 2021
A strategic alliance between privately owned Norwegian ballast water system manufacturer, Optimarin...
Jack-up Rig Selected To Drill Buffalo Well In October
Categories: News Flash
Date: Jun 30, 2021
Carnarvon Petroleum has confirmed that a drilling rig has been selected for the Buffalo-10 well, lo...
Nova Innovation, Sabella Join Forces To Progress Tidal Power In UK And France
Categories: News Flash
Date: Jun 30, 2021
Scottish tidal energy developer Nova Innovation and its French counterpart Sabella have signed a me...
Baltic Index Rallies For Fifth Day On Stronger Capesize, Panamax Rates
Categories: News Flash
Date: Jun 30, 2021
Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities,...
LR To Focus Growth On Maritime Industry With Expanded Role And Service Offering
Categories: News Flash
Date: Jun 30, 2021
Business Assurance & Inspection Services division to be set up as an independent business, bran...
AqualisBraemar LOC Wraps Up Sable Campaign For ExxonMobil
Categories: News Flash
Date: Jun 29, 2021
Energy and marine consultant AqualisBraemar LOC has completed its assignment in connection with the...
Saipem Rents Ex-Ocean Rig Drillship From Samsung Heavy
Categories: News Flash
Date: Jun 29, 2021
Italian oilfield contractor Saipem has signed a bareboat charter contract with Samsung Heavy Indust...
Dubai Futures: August EFS Widens Above $4/b Mark; Spot Activity Remains Tepid
Categories: News Flash
Date: Jun 29, 2021
Front-month Brent/Dubai Exchange of Futures for Swaps widened mid-morning June 28, amid tepid spot ...
Baltic Index Hits 11-Year High On Gains Across Segments
Categories: News Flash
Date: Jun 29, 2021
Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities,...
Iron Ore Advances As China Port Stocks Hit Over 8-Month Low
Categories: News Flash
Date: Jun 29, 2021
Iron ore futures in Asia rose on Monday, supported by a steady decline in portside stockpiles of th...
Extreme Freight Rates Begin To Change Shippers' Calculations
Categories: News Flash
Date: Jun 28, 2021
The containerized shipping industry has been essential to global commerce for its low shipping cost...
VLCC Market On Steady Course For Yet Another Week
Categories: News Flash
Date: Jun 28, 2021
VLCC In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) continu...
DP World And Somaliland Open New Terminal At Berbera Port
Categories: News Flash
Date: Jun 28, 2021
DP World and the Government of Somaliland, have inaugurated the new container terminal at Berbera P...