Sumec has set up Singapore bulk operation and is set to operate all vessels owned by Sumec Marine.
Sumec is the first oversee subsidiary company for shipping business.
Aimed to cooperate with shipowners from overseas to order the new building in...
BW Group making a bid to expand its holdings in the shorthaul and regional LPG trade by acquiring the remaining shares in Epic Gas.
The group acquired 54.7% of the issued shares of Epic Gas earlier this year...
Challenging freight market for crude oil tanker industry with reduced OPEC-driven production and excess supply of large tankers.
The highest level of older tonnage recycling since 1985 with VLCC rates returning to longer-term averages during Q4.
Longhaul destinations...
The Baltic Briefing has issued the tanker report for the 12th week of this year. The report dated 22nd March 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
It was another...
According to a Marine Log article, Maynard, Mass., headquartered Ecochlor has announced that their manufacturing partner, ProFlow, Inc., has opened a new factory in North Haven, Ct., for production of the chlorine dioxide generator used in the system.
This...
German automaker BMW Group has recently become the first automobile worldwide to join the Ship Recycling Transparency Initiative (SRTI)which was Launched in March 2018 by the Sustainable Shipping Initiative, reports the Economic Times.
SRTI is an independent platform that...
The Baltic Briefing has released Bulk carrier maritime activity report for the 10th week of this year. The report formulated on 15th March 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter...
GTT plans to increase R&D spending by about 25% in 2019 to meet IMO 2020 sulphur cap.
The company also plans to develop new variants of their flagship technologies, such as NO96 Flex, and create new ones, such as...
Protection Vessel International has released the Maritime Security Report for Week 10 of 2019. The report formulated on 12th March 2019 highlights the various security breaches that have happened over the past week.
Iran: Navy claims to foil piracy attempt...
ABB's chiller optimization solution for passenger ships achieves over 18% energy savings on La Suprema.
ABB and GNV have completed a first-of-its-kind retrofit of a technology that optimizes the performance of chillers for HVAC systems.
This enables owners to...
