Artificial Intelligence Promises Safer Ship Navigation

AI is adopted for e-navigation to reduce the administrative burden on bridge teams, enabling officers to increase their focus on safe navigation. Wärtsilä...

Weekly Tanker report – Week 29, 2019

The Baltic Briefing has issued the tanker report for the 29th week of this year. The report dated 19th July 2019 provides a valuable...

Baltic Index Hits Five and Half Year High!

According to an article published in Reuters, the Baltic Exchange’s main sea freight index rose to its highest since December 2013. Demand for vessels shipping...

European Fuel Oil Market Strengthens Ahead of IMO 2020

For Q3 reports, the high sulfur fuel oil market was relatively strong overcoming slack buying demand from Asia. Singapore focused on running down existing...

Next-Generation Energy-Saving Bulker Built for NYK

NYK has committed to building a next-generation energy-saving bulk carrier for Japan Marine United Corporation. The ship is expected to transport raw materials for JFE...

Scorpio Bulkers Cruises To 2019 High

Scorpio Bulkers (NYSE:SALT) rallies 7.62% after posting a narrower-than-anticipated loss in Q2 amid a 19% decline in revenue, says an article published in the...

Navis Loading Computers Installed in 20 Container Vessel Newbuildings

Twenty newly built container vessels in the size ranging from feeder segment 2,300 TEU to 15,100 TEU have been selected to be equipped...

‘Claim for Hire’ Dismissed for a Vessel Seized by Pirates

The Commercial Court dismissed a 'claim for hire' for the period that the vessel 'Eleni P' was seized and detained by Somali pirates...

Keppel Bags $96m LNG-ready Dredger and FPSO Upgrade Contract

Subsidiaries of Singapore’s Keppel Offshore & Marine (Keppel O&M) have clinched contracts worth approximately SGD130m ($95.7m) for a newbuild LNG-ready dredger and the...

DM Shipping Sells MR Tanker

d’Amico International Shipping (DIS), an international marine transportation company operating in the product tanker market and its joint venture partner Mitsubishi Group recently signed...

MacGregor’s Environment-friendly Delivery Modem To Upgrade Cargo System in MSC Vessels

In a recent development, Cargotec`s MacGregor has announced that they have signed a contract with MSC Mediterranean Shipping Company and Guangzhou Wenchong Dockyard have...

Avoid Private Armed Teams in Ships

Shipping companies sailing through the Middle East Gulf are being urged to avoid having private armed security guards onboard as the risk of escalation...

JGC Bags 1st Deal for LNG Plant

Japanese engineering company JGC Corp., announced that it has won in Oman its first contract for the basic design of a liquefied natural gas...

IMO Bringing Industry and Academia Together To Address Biofouling Issues

In a major development, the IMO-GloFouling R&D Forum has announced that they will bring together regulatory bodies, stakeholders and representatives from shipping and other...

Trade Sources Say War Risk Premiums Driving Singapore and Asia Fuel...

According to a Reuters report, shippers are trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are...

Scrubbers With HFO Better Solution Than Compliant Fuel

According to scrubber manufacturer Yara Marine Technologies CEO Peter Strandberg, “business is fantastic” at the moment given the rush ahead of IMO 2020. But...

Alfa Laval Shares Down 6% As Scrubbers Demand Loses Shine

Q2 order intake down 20% at 10 bln SEK Alfa Laval sees somewhat higher Q3 group demand than Q2 12% miss on orders...

[Part3] A List of Interesting Papers from the 29th CIMAC Congress

The CIMAC congress had a very interesting discussion on a range of issues shipping industry is currently sailing through. Viswa Group in a 4...

Weekly Maritime Security Report – Week 26, 2019

Protection Vessels International has released the 26th Weekly Maritime Security Report of 2019. The report summarized on 16th July 2019 highlights the various incidents...

Epic Gas Acquires Four LPG Carriers

Epic Gas announced its acquisition of two of the four ships that it previously referenced in April 2019. They are modern second-hand 11,000cbm Japanese-built...