Maersk Sells Product Tanker Equipped With Rotor Sails

Maersk Tankers sold its 2008-built product tanker, the world’s first product tanker to test the use of wind propulsion technology, reports Splash 247. About the...

Shipping Executives Reveal Why They Signed the Neptune Declaration

Shipping industry is abuzz with the Neptune Declaration signed by more than 300 firm's to help stranded seafarers and now shipping executives have voiced...

Container Shortage Madness Drives Breakbulk, MPVs Uptake

According to a LoadStar report, the “madness” of ex-Asia container rates is driving more un-boxing of containerised cargo.  And the resulting bounceback for breakbulk is...

The Rising Issue of Pirates In The Gulf of Guinea

The latest report by the International Chamber of Commerce’s International Maritime Bureau (IMB) has shown that piracy in the Gulf of Guinea recorded the...

WHO Team Starts Probing Wuhan COVID Origin

The search for the origin of the novel coronavirus  finally began in China yesterday as the World Health Organization (WHO) team investigating the matter...

Top 3 Reasons for A Drastic Decline in Oil Spills

It is important for Christian to make one thing clear in the beginning: as long as we need oil for heat and power, we...

Top 3 Reasons Why EC Renewed BER

The EC renewed the BER, which allows container shipping lines to coordinate their networks and utilise space on their vessels, last April for a...

Covid-19 Death Rate

The UK now has the highest death rate from Covid-19 of any country in the world, the latest data has revealed. Check the full article for more

ClassNK Updates “Guidelines for Remote Surveys”

Leading Classification Society ClassNK has released “Guidelines for Remote Surveys Ver. 2.0” including a class notation requirement for the ship with advance preparation for...

Cosco Opts To Dispose 10 Tankers

A number of tankers are being sent for scrap in 2021, with elevated demo rates proving very tempting. Cosco Shipping Energy Transportation recently announced...

IMF Predicts 21% Rise in Oil Prices in 2021

Oil prices will average just above $50/b in 2021, a more than 21% rise from 2020's depressed level. This may be attributed to...

IPO Expected from SM Line in 2021

SM Line announces that it is preparing for an initial public offering (IPO) in the second half of the year. The shipping company...

Oldendorff Carriers Signs A Major Fuel Saving Technology Project

Oldendorff Carriers (OC) sign a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), LR and SDARI. The JDP is to develop a...

Debunking Pirate Attack, Plight of Seafarers

Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies. On Saturday, pirates off Nigeria kidnapped 15...

Rising Shipping Costs Spurs Stress on China-Europe Trade

The cost of shipping goods from China to Europe increases by up to 600 percent in recent weeks. The rise in cost of...

[Watch] Seafarers Should Receive Vaccine Priority, Says Stakeholder

A maritime industry stakeholder is calling on the Philippine government to also prioritize seafarers as in the country's COVID-19 vaccine rollout, reports ABS CBN...

Inmarsat Secures Fleet Agreement To Accelerate Maritime Digitalisation

Inmarsat, the world leader in global, mobile satellite communications, has secured a fleet-wide agreement with offshore support vessel major Tidewater to advance its digitalization...

This Amazon-backed Startup To Make Net-zero Transportation Fuels

Infinium, an electrofuels solution provider, closed the funding bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP...

Oil Majors To Tackle Rising Crude Prices Amid Muted Demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices, reports the Business Standard. Crude...

CMA CGM Set To Close Its Transpacific SEA-X Service

CMA CGM appears to be set to close its transpacific express container shipping service, after worsening congestion at Los Angeles port impacted delivery guarantees,...