No Entry Fee for Ships Powered by LNG
Japan’s port of Tokyo will waive an entry fee from next month for ships powered by liquefied natural gas (LNG) and hydrogen, as well...
Shippers Feel the Heat, Containerships Rates on High
Shippers are facing increasingly difficult negotiations over long-term contracted rates in a market described as nothing less than “red hot”.
Rates climbed by...
Covid 19 Pushes World Leaders for A Global Treaty
Prime Minister Boris Johnson has joined more than 20 world leaders in calling for a new global settlement to help the world prepare...
WHO Draft Report Reveals Origin of Coronavirus
Covid-19 probably came to people through an animal, and likely started spreading no more than a month or two before it was noticed in...
CDC Director’s “Impending Doom” Warning Around Covid-19
According to an article published in CNN, after announcing that the United States has surpassed 30 million cases of Covid-19, Dr. Rochelle Walensky, director...
Ex-Glencore Trader Charged With Oil Price Manipulation
A former Glencore Plc trader was charged by U.S. authorities with conspiracy to manipulate a key oil price benchmark, the latest sign that prosecutors around the world...
GE Consortium To Build HVDC System for Offshore Wind Farm
GE Renewable Energy’s Grid Solutions and Sembcorp Marine awarded the full contract for the high voltage direct current (HVDC) transmission system
Once operational,...
The Key Outcome of IMO’s PPR 8 Sub-Committee
The 8th session of IMO’s Sub-Committee on Pollution Prevention and Response (PPR 8) took place virtually on 22-26 March 2021.
Below is an overview of...
Owner of Ship That Blocked $9.6bn of Goods/Day Offers Apologies
The Japanese owner of the giant cargo ship that had been blocking Egypt's Suez Canal since Tuesday has apologised for the disruption to global...
Furgo Divest Off Seabed Solutions
According to an article published in Furgo, Fugro has reached a binding agreement with PXGEO Seismic Services Limited (PXGEO) to sell certain assets and...
Norwegian Collaboration To Launch Zero Emission Dry Bulk Fleet
Amon Maritime teamed up with Navigare Logistics and Mosvolds Rederi to create a zero emissions dry bulk shipping company, says an article published in...
Great Vista Joins Wah Kwong
The ultramax bulk carrier Great Vista joined Wah Kwong ship management team, says a WK LinkedIn post.
Fleet expansion
The ultramax bulk carrier Great Vista joined...
Contract Signed for Largest River-sea Combined LNG Carrier
Chinese gas supplier Shenzhen Gas has signed a contract with Hudong Zhonghua Shipbuilding for one firm and one option LNG newbuildings, reports Seatrade Maritime...
Global Reinsurers Face Major Loss From Suez Canal Blockage
According to Fitch Ratings, the global reinsurance industry is likely to face a loss of hundreds of millions of euros due to the blocking...
[Infographic] 35.4% Decline in Oil Revenues Amid Pandemic Crisis
The collective revenues of the world's top 14 publicly traded oil companies declined 35.4% in 2020, according to data compiled by Anadolu Agency from...
How Long Will Garbage Dump Remain in Orbit?
NASA sent commands to the International Space Station for the release of a 2.9-ton cargo pallet loaded with old batteries, the most massive object...
ClassNK To Lead Autonomous Shipping Risk Assessment Study
ClassNK has begun joint investigative research with Sompo Japan Insurance Inc.on risk assessment of autonomous ships, says a press release published on their website.
Technology...
NextDecade & Oxy Low Carbon Sign CO2 Storage Term Sheet
NextDecade Corporation and Oxy Low Carbon Ventures (OLCV), announced that they have executed a term sheet for the offtake and permanent geologic storage of...
US Navy On Alert Over Potential Pirate Attacks In The Cape...
Multiple shipping companies are reportedly contacting the U.S Navy about the potential risks of piracy for ships traveling around Africa to avoid the blocked...
