News Flash
Robust Commodity Demand To Spur Dry Bulk Rally Into Q3
Categories: News Flash
Date: Jul 13, 2021
The surging demand for infrastructure-related commodities such as iron ore and coal, along with min...
South Korea’s Shipbuilders See New Orders Hit 13-Year High In H1
Categories: News Flash
Date: Jul 13, 2021
South Korean shipbuilders secured 10.88 million compensated gross tons (CGTs) in new orders in the ...
Ocean Carriers Push Back On White House's Scrutiny Of Pricing
Categories: News Flash
Date: Jul 12, 2021
Ocean carriers are pushing back against the White House's push to scrutinize pricing power in the c...
Biden Administration Targets Lines Over Detention And Demurrage
Categories: News Flash
Date: Jul 12, 2021
Shipping is again in the cross-hairs - this time the liner business has attracted the attention of ...
UAE Acts On Vessel Abandonment With New Resolution
Categories: News Flash
Date: Jul 12, 2021
A Resolution passed by the UAE Council of Ministers at the beginning of July could mean an end to t...
New IMO Submission Calls For Clarity On Enforcement Of 0.50% Sulphur Limit
Categories: News Flash
Date: Jul 12, 2021
The industry has coped remarkably well with the implementation of IMO 2020, but variable approaches...
CONTAINER PREMIUMS: Trans-Pacific Rates Consolidate After July Increases
Categories: News Flash
Date: Jul 12, 2021
Premium service fees required by container shipping lines for North Asia-to-North America spot carg...
Hapag Lloyd Finishes Acquisition Of African Regional Carrier NileDutch
Categories: News Flash
Date: Jul 09, 2021
Hapag-Lloyd has finished its acquisition of the container and breakbulk line NileDutch, which speci...
Port Of Yantian Productivity Rapidly Improves But Export Delays Persist
Categories: News Flash
Date: Jul 09, 2021
The logjam of containers and ships at the Port of Yantian in China has noticeably improved in the 1...
DP World Acquiring Imperial Logistics For $890m Expanding Africa Footprint
Categories: News Flash
Date: Jul 09, 2021
DP World has announced an offer to acquire South Africa-based Imperial Logistics, an integrated log...
DNV Launches Smart Centre In Qingdao
Categories: News Flash
Date: Jul 09, 2021
DNV debuted its new smart centre for Greater China region at north Chinese port city of Qingdao to ...
Alfa Laval Invests In Air Lubrication Technology
Categories: News Flash
Date: Jul 09, 2021
Sweden-based Alfa Laval has acquired a minority stake in the Netherlands-based technology company M...
Procopiou Emerges As Top Bidder For Hellenic Shipyards
Categories: News Flash
Date: Jul 09, 2021
Though no formal announcement has been made leading Greek shipowner, George Procopiou has emerged a...
Singapore Working On Protocol For International Seafarer Vaccinations
Categories: News Flash
Date: Jul 08, 2021
The city state has already vaccinated front line workers in the maritime and port industries, inclu...
Cargo Ship Spills Oil After Collision With Dredger Off Manila
Categories: News Flash
Date: Jul 08, 2021
The ships in question are the Philippine-flagged vessel MV Palawan Pearl and Cyprus-flagged utility...
Hyundai Motor Launches Project For Fuel Cell-Propelled Ships
Categories: News Flash
Date: Jul 08, 2021
South Korean Hyundai Motor Company has signed a Memorandum of Understanding (MOU) with marine servi...
Korean Shipbuilders Continuing To Outperform Chinese And Japanese Rivals
Categories: News Flash
Date: Jul 08, 2021
Clarksons Research reported on July 6 that the shipbuilding contracts signed last month added up to...
Blast From Containership At Jebel Ali Port Rocks Dubai
Categories: News Flash
Date: Jul 08, 2021
The Dubai authorities said the fire onboard a containership berthed at the key Middle East hub port...
ZIM And Seaspan Announce New Long-Term Chartering Agreement For Ten 7,000 TEU LNG-Fueled Vessels
Categories: News Flash
Date: Jul 07, 2021
ZIM Integrated Shipping Services Ltd., and Seaspan Corporation, a wholly-owned subsidiary of Atlas ...
Lean Marine And Yara Marine Technologies Become One
Categories: News Flash
Date: Jul 07, 2021
Yara Marine Technologies, a front-runner in the development and implementation of emissions reducti...
Capital Increase In TORM In Connection With Delivery Of Vessel
Categories: News Flash
Date: Jul 07, 2021
With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eigh...
MOL Charisma Refloated After Grounding In SE Asia
Categories: News Flash
Date: Jul 07, 2021
Containership MOL Charisma has been successfully refloated following a grounding between Vung Tau, ...
KSOE Poised To Hit $14.9 Billion Order Target Earlier Than Expected
Categories: News Flash
Date: Jul 07, 2021
The latest plethora of deals scored by South Korea’s largest shipbuilder has enabled Korea Shipbu...
Ever Given To Finally Depart Suez Canal On Wednesday
Categories: News Flash
Date: Jul 06, 2021
After being stuck in the Suez Canal for over three months, the 20,000 TEU containership Ever Given ...
Jaxport Sees Record Container Volumes In May
Categories: News Flash
Date: Jul 06, 2021
Jaxport has set a port record for container volumes in May, with total container movements increasi...
IMF Chief Warns Of ‘Dangerous Divergence’ In COVID Recovery
Categories: News Flash
Date: Jul 06, 2021
The head of the International Monetary Fund warned on Monday of a “dangerous divergence” betwee...
Marlow Navigation And Opielok Offshore Carriers (OOC) Sign Merger Agreement
Categories: News Flash
Date: Jul 06, 2021
On the 28th of June 2021, OOC and the Marlow Group signed an agreement in which Marlow takes over O...
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...