Lloyd’s Register Strategy for Sustainable Maritime Services
Lloyd’s Register (“LR”) has today announced the sale of 100% of its Business Assurance & Inspection Services division.
It includes cyber-security business Nettitude,...
VLCC Fixtures ‘Behind Closed Doors’ in Languishing Tanker Market
VLCC deals being concluded privately.
Older tonnage allegedly moving sanctioned oil, delaying scrappage.
Freight rates yet to improve amid recovery in oil demand.
A...
Banchero Costa Weekly Market Report, Week 25 2021
2020 proved to be a truly terrible year for the global seaborne coal trade. Total global loadings in the 12 months of 2020 were...
Cyprus Maritime Joining On a €1 mln Artificial Intelligence Project
Cyprus maritime stakeholders are joining forces on a €1 mln artificial intelligence project that puts the island on the technological map to keep the...
LNG Shipping Stocks: UP Index Continues Its Way To 100 points
The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, gained more than 4.25 points...
Global BWTS Retrofits To Rise By 700 %
In the coming period, global yards are expected to carry out 875 ballast water treatment system (BWTS) installations per month – a roughly 700%...
Baleària’s LNG Converted Vessel To Set Sail
Spanish ferry operator Baleària will put to work its converted LNG vessel on 30 June on the Barcelona-Eivissa route to cut CO2 emissions, says...
[Watch] NYK Group’s Responsible Covid19 Measures
The NYK Group has renewed its social mission to aid the global flow of goods and lifeline products by taking necessary measures to ensure...
Naming Ceremony Held for FSRU Transgas Power
Hudong-Zhonghua held the naming ceremony for floating storage and a regasification unit (FSRU) built for Greek shipping company Dynagas, says an article published in...
Fuel Demand Recovery To Reach Pre-pandemic Level By End-2021
Crude prices closed higher on Tuesday after falling about 2% in the previous session.
Demand in 2021 expected to grow by 6mbpd, with...
Svanehøj Wins 2 Major Pump Orders for Chinese MR Tankers
Svanehøj wins major pump order for Chinese MR tankers.
Svanehøj has also landed two major P&C pump orders.
Cosco Shipyard had also chosen...
Seaspan Orders 6 High-quality Scrubber-fitted Boxships
Seaspan announced its agreement with a major shipyard for six 15,000 TEU containerships fitted with scrubbers.
Anticipated delivery extends from the first quarter...
Frontline Announces Its $180m Worth Acquisition Deal
Frontline announced agreement to acquire two ECO-design, scrubber-fitted VLCCs.
Vessels are scheduled to be delivered during the fourth quarter of 2021.
The company...
Okeanis Eco Tankers Corp. Announces Its $180m Worth Sale Deal
OET announced the sale of two second hand VLCCs for $180 million.
The company has also drawn up an agreement to acquire two...
Ocean Yield Takes Full Ownership of Suezmax Trio
Ocean Yield ASA ("Ocean Yield") has entered into an agreement with Aker Capital AS ("Aker") whereby Ocean Yield will acquire from Aker 50% of...
HMM Inks Contracts Worth $1.57 bn
HMM has signed newbuilding contracts with DSME and Hyundai Heavy Industries(HHI) for twelve 13,000 TEU container vessels, at a total cost of $1.57bn, says...
Belships Secures Ultramax Time Charter Contracts
Norwegian owner Belships secured time charter contracts for four of its Ultramax bulkers, adding value to the company’s long-term earnings expectations, says a press...
[Answer] What Is NATO Phonetic and How Is It Used?
The International Radiotelephony Spelling Alphabet, commonly known as the NATO phonetic alphabet or the ICAO phonetic alphabet, is the most widely used radiotelephone spelling...
Wärtsilä and Tanger Med Enable World’s first Digital Port Call for...
Within the framework of a partnership previously announced between Tanger Med Port Authority and Wärtsilä Voyage - which aims at digitalising maritime port calls...
METIS Launched An Electrical Power Profile Evaluation Application
Maritime data analytics specialist METIS Cyberspace Technology has launched an Electrical Power Profile evaluation application, adding to its growing array of vessel performance analytics...
