Wartsila-COSCO Tie Up To Strengthen Scrubbers Market in China

In a major development, the technology group Wärtsilä has announced that they have signed a Memorandum of Understanding (MoU) with COSCO Shipping Heavy Industry...

Maersk Supply Service Renews Fleet Xpress Contract

MSS has signed a three-year contract extension with Inmarsat for its new dedicated bandwidth service Fleet Xpress.  Advocates digital solutions to optimize vessel...

Baltic Index Breaks Its 16 Session Winning Streak

The Baltic Exchange’s main sea freight index took a break on Monday after rising for 16 straight sessions, as rates for capesize vessels fell...

MOL-JERA New LNG Carrier Named Sohshu Maru

Mitsui O.S.K. Lines, Ltd. (MOL) named the newbuilding LNG carrier Sohshu Maru ordered by Trans Pacific Shipping 8 Ltd., a joint venture between MOL...

Marine Scrubber Systems Market To Increase 20.4% CAGR by 2028

Marine Scrubbers have become the potential option in the post IMO 2020 world but their washwater are a concern. The washwater needs to...

Cosco PetroChina Shipping Lines Up Product Tanker Quartet

  According to an article published in Splash, Cosco Shipping Energy Transportation has approved a proposal for its 51% owned joint venture, Cosco PetroChina Shipping,...

Weekly Bulk Report – Week 27, 2019

The Baltic Briefing has released a report about the dry bulk market of the 26th week of shipping activities of this year. The report...

Fatal Fall from Chemical Oil Tanker Accommodation Ladder Platform

According to an investigation report published by the UK Government's Marine Accident Investigation Branch, MAIB, a crew member fell between the Luxembourg-flagged vessel and...

Maersk Blockchain Platform Grows With Hapag-Lloyd and ONE Addition

In a major development, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd announced that they will join the blockchain-enabled digital shipping platform, TradeLens...

Mega-Ship Shopping; Apple’s Core Conflicts; Oiling the Waters

Taiwan’s Yang Ming Marine Transport Corp. and China’s Cosco Shipping Holdings Co. are looking for new vessels to meet 2020 sulfur emissions. Apple...

US Coast Guard Urges IMO To Act on GNSS Jamming

The US Coast Guard was urged to raise the issue of interference with key shipping positioning signals at the IMO Council this month, reports...

China To Launch Low-Sulfur Fuel Oil Futures Contract

China plans to launch a low-sulfur bunker fuel oil futures contract in a bid to raise its pricing power in the world’s maritime fuel...

Remarkable Rise in Panamax Rates Since March

Panamax rates rose 3.4% in June, marking their largest increase since March 21st. Supramax rates rose today by 1.3%, which marks their largest...

Abundance of VLCCs Keep Market Rates Flat

The Atlantic lacked ‘steam’ both ex West Africa and the Americas, with considerable activity in the US Gulf.  Suezmaxes saw a week of...

No Scrubber Equipped VLCC Then No Deal

In a  major development, India's top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in their...

[Watch] Iridium Can Be the Backbone of Digital Ships

Iridium Communications Inc. the US-based satellite communications company and its partner Lars Thrane, unveiled their first terminal designed to operate on the Iridium network...

SHI Delivers World’s Largest Containership To MSC

Samsung Heavy Industries delivers world’s largest container ship to MSC, reports Baird Maritime. World’s largest container ship Samsung Heavy Industries delivered the largest container ship to...

Container Ship Collides With Berthed Greek Bulk Carrier in the Yangtze...

Container Ship YU HANG 18 went out of control while passing Zhenjiang, Yangtze River, upstream from Shanghai and collided with berthed bulk carrier ODIGITRIA,...

Weekly Maritime Security Report – Week 24, 2019

Protection Vessel International has released the Maritime Security Report for Week 24 of 2019. The report formulated on 3rd July 2019 highlights the various security...

Hamburg Süd and Maersk Strengthen Portfolio

Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019 in collaboration with Maersk. The...