Yearly Archives: 2024
Investigation Underway After Container Ship Capsizes In Istanbul
A container ship capsized at the port of Ambarli in Istanbul, Turkey. Emergency response teams are working to contain the damage and clean up...
VLCC Rates Remain Weak Despite Increased Chinese Imports
The National Oil Corporation of Libya declared force majeure at the Zawia Refinery following a fire caused by militia clashes. This is the first...
Increased Supply Weighs On Asian LSFO Market
The Asian low-sulfur fuel oil market is expected to face challenges in 2025 due to oversupply and increased competition from scrubber-fitted ships, reports S&P...
Diana Shipping Extends m/v Amphitrite Charter
Diana Shipping Inc. (NYSE: DSX), a global leader in dry bulk vessel ownership and bareboat chartering, has extended the time charter contract for...
Lloyd’s Register Updates NDE Checkpoint Rules
Lloyd’s Register (LR) has revised its Rules for the Non-Destructive Evaluation (NDE) checkpoint regime at the new construction stage, effective 1 January 2025.
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Biodiesel Tops the Sustainable Maritime Fuel Confidence Index for 2024
Biodiesel claimed the top spot in the 2024 Sustainable Maritime Fuel (SMF) Fest Confidence Index, surpassing the previous leader, LNG-biomethane.
LNG e-methane retained...
Suez Canal Authority Introduces Environmentally Friendly Waste Collection Services
The Suez Canal Authority (SCA) is launching a waste collection and safe disposal service for vessels transiting the canal.
The service will begin...
Coast Guard Acquires Polar-Class Icebreaker to Enhance Arctic Operations
The U.S. Coast Guard has officially acquired the motor vessel Aiviq, a 360-foot Polar Class 3-equivalent icebreaker, from Edison Chouest Offshore. This acquisition strengthens...
Port Of Long Beach Highlights Green Fuel Challenges In Maritime Sector
The Port of Long Beach has released a comprehensive white paper addressing the challenges and opportunities associated with adopting green fuels in the maritime...
U.S. Container Ports Experience Record Growth Amid Coastal Shift
U.S. container ports recorded a remarkable 13.1% year-over-year increase in inbound volumes across the nation's ten largest ports in November, marking the fourteenth consecutive...