Business

Norwegian equipment supplier Uptime International has been awarded three contracts from VARD Singapore. It is for the supply of three walk to work systems to be included on their new build vessels for North Star Renewables to be...

A ship in Chinese bulker player Ningbo Zrich Shipping’s fleet is reportedly sold for $10m more than the purchase price a little more than a year ago, says a Splash 247 news. The New Times-built Springbank The New Times-built Springbank was one of two...

KfW IPEX-Bank and BNP Paribas partner to support Hapag-Lloyd in achieving a Green Loan financing for three of six ultra large container vessels, which were ordered in December 2020, says a press release published on their website. About the loan...

Inchcape Shipping Services registered in England and John Keells Holdings PLC registered in Sri Lanka have signed a joint venture agreement recently which has resulted in the formation of “Inchcape Mackinnon Mackenzie Shipping (Private) Limited”, says a press release...

CSSC Chengxi Shipyard and the Bank of Communications Financial Leasing have entered into the shipbuilding contract for the construction of eight woodchip carriers. The deal consists of six 64,000 tonne woodchip carriers and two 70,000 tonne woodchip carriers. A...

TOTE Maritime have lodged a bid to take over tanker giant Overseas Shipholding Group (OSG). American shipping could see dramatic consolidation with this news. American shipping could see dramatic consolidation with news that the owners of TOTE Maritime have...

Aurora Tankers has joined forces with Golden Stena Baycrest Tankers (GSB) to manage and operate stainless steel tankers. The duo said it will focus on the expansion of services across the Asia region. Aurora Tankers, a subsidiary of IMC...

The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half. It is driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across...

Mahindra posted a 34-second long video of a duck and a tiger in a small pond. The duck kept dodging the tiger's attack by moving underwater as the big cat tried to pounce on it. A recent news article...

Over 1 million seafarers work in tough conditions to support 80% of global trade. COVID-19 pandemic has stranded vast numbers of these key workers at sea. We outline the urgent support and health protection measures needed from stakeholders...