ABB Turbocharging has launched the new A255-L and A260-L turbochargers optimized for small and medium bore two-stroke diesel and gas engines, says a press release published on their website.
Launch to satisfy increasing demand
In response to increasing demand for compact...
AVIC International Maritime Holdings has requested a trading halt.
Libra Group has called for a trading suspension as it is unable to continue as a going concern.
Libra is assessing the impact of these matters and will consult...
According to an article published in Mondaq, the shipping sector accounts for 12% of global sulphur dioxide emissions, 13% of global nitrogen oxide emissions and 3% of global carbon emissions.
Steps to control airborne emissions from ships
The International Maritime Organization...
According to an article published in Seeking Alpha, the story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another.
Brief respites
Brief respites were quickly crushed by...
Refinancing reduces the average cost of debt and significantly extends maturities from 2020 to 2024.
Global Ship Lease has agreed to a new syndicated $268 million senior secured credit facility.
The credit facility is comprised of two tranches...
As global shipping enters a new era, BIMCO's newly elected president - Turkish shipowner Sadan Kaptanoglu - has set herself the goal of gathering as many shipowners around the table as possible, to find ways of steering a course...
The Port of Rotterdam is is gradually becoming CO₂ neutral and is working with companies in 3 steps towards a CO2-neutral port, says an article published in Safety4Sea.
Steps towards CO₂ neutral
The Port Authority published a series of videos presenting...
According to an article published in Sea News, private equity owned or backed shipping companies are increasingly venturing in the ships-for-shares deals with listed shipowners.
Highlighted deals
"We would highlight deals by NASDAQ-listed, Athens headquartered Star Bulk Carriers Corp over the...
From Trump’s global trade troubles, to Greta Thunberg’s climate call to action, and regional economic woes, Europe’s methanol market - like many others in the petrochemical world - faces a host of concerns going into 2020 as it digests...
According to a Business Times report, supertankers hauling oil on some of the world's longest trade routes had already been enjoying a massive windfall when came a reported attack on an Iranian ship which has doubled the windfall since...
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