In a major development, ZIM has announced that they have signed on as a member of TradeLens, the blockchain solution from Maersk and IBM, making it the fourth carrier to join the platform after Maersk, PIL and Seaboard Marine,...
The Bureau of International Recycling has alerted its members.
It announced that the UAE will suspend exports of ferrous scrap and recovered paper.
The operations remain suspended from the beginning of May 15 for four months.
It is...
SFL Corporation Ltd announced that it has entered into long term charters with a leading Asia-based transportation company for two ultra-modern dual-fuel car carriers, designed to use liquified natural gas (LNG), reports Yahoo Finance.
About the vessels
The vessels are sister...
The Baltic Briefing has released a report about the dry bulk market of the 21st week of shipping activities of this year. The report dated 22nd May highlights the plight of the dry bulk market at the on-sight of...
Genco enters into agreements to acquire two Ultramax bulkers under construction at DACKS, says a press release published on their website.
Vessel acquisition agreement
US dry bulk shipowner Genco Shipping & Trading has entered into agreements to acquire two ultramax bulkers...
Chinese shipbuilding group Yangzijiang has secured a contract worth USD 1.15 bn despite COVID-19 outbreak, reports Safety4Sea.
What is in the contract?
Chinese shipbuilding group Yangzijiang has secured a contract to build up to 10 vessels worth a total of USD...
ABB is all set to supply a comprehensive power and propulsion package for China’s first domestically built cruise ship.
It will supply an integrated package, including two Azipod® steerable propulsion systems, for the construction of China’s first ever home-grown...
The 26th Annual Maritime Hall of Fame Honors Five International Leaders, May 8, at the Grand Hyatt New York, New York City, says an article published in NY Maritime.The Maritime Association of the Port of NY/NJ founded the annual...
TORM announced the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd. on 1 March 2021.
TORM plc (“TORM”) has increased its share capital by 695,768 A-shares (corresponding to USD 6,957.68) as...
China’s shipbuilder Yangzijiang Shipbuilding has secured contracts for up to 17 new buildings from Seaspan Corporation worth $1.58 billion in total, says an article published in Offshore Energy.
New Orders
The shipyard received orders for 10 liquified natural gas (LNG) dual-fuel...
