The global shipping industry is in the midst of one of its biggest changes in a generation after the imposition of stricter environmental rules.
Ship owners face paying more for cleaner fuel, retrofitting ships with pollution-reducing scrubbers or...
Team Tankers reported EBITDA for the 2nd quarter of $21.7 million.
Net loss in the 2nd quarter of 2020 was $2.4 million.
The average time charter equivalent rate for the fleet was $14,667 per day in Q2.
Strategic...
Nisshin Shipping has fixed charters for two newbuild 50,000 dwt product tankers.
The day rate for each vessel will be $15,250.
The vessels are expected to be delivered in the fourth quarter of 2021.
Japanese owner Nisshin Shipping has...
NYK has opened a remote diagnostics centre in Manila which will use AI systems to continuously monitor the engines of around 200 NYK-operated vessels equipped with ship management information systems (SIMS).
The company said that the system aims...
Performance Shipping Inc. announces the sale and delivery of 2001-built panamax vessel to her new owner, says a press release published on their website.
MoA sale agreement
Performance Shipping Inc., a global shipping company specializing in the ownership of vessels, announced...
Recycling markets in India, Bangladesh, Pakistan and Turkey could reopen for business.
Anchoring and beaching permissions are not being given for ships with foreign crews.
Bangladesh provided special permissions granted by police and immigration authorities.
Indicative price levels...
Maersk has invested A$1.4m (US$1m) in Australian trucking start-up Ofload.
The Sydney-based digital road freight platform tackles inefficient empty container moves and idle time by live-matching cargo owners with small to medium-size operators.
For example, BeCool, the last-mile...
Trafigura and Gunvor have taken over storage space in Singapore previously controlled by Singaporean outfit Hin Leong.
The move by the two firms has seen them take on fuel oil storage leases held by Hin Leong at the...
Brookes Bell has hired a Fuel Services Technical Lead with more than 15 years of experience in environmental testing, to establish and manage its new fuel testing facility.
Liverpool based new high-end lab will be operational at the...
According to a Container News article written by Nick Savvides, Managing Editor of container news, the world of container shipping is up for a major change and it has begun.
Change is inevitable. And so it is that shipping has...
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