Diana Shipping Appoints New Deputy CEO
Diana Shipping Inc. (NYSE: DSX) - a global shipping company specializing in the ownership of dry bulk vessels, announced the appointment of Ms. Semiramis...
High Water Conditions Results in Towing Barge-Bulk Carrier Collision
The National Transportation Safety Board (NTSB) reports of a collision between two vessels, Crimson Gem and Yangtze Ambition, with no account of injury or...
APEX Argus Bunker Index Covers Price Risks Associated With Marine Fuel
The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October, reports a news release...
Standard Club: Business Through Dublin Will Need High Premium As Brexit...
UK-based ship insurer Standard Club has written about $140 million (€126 million) of premiums through its new Irish operation since it opened earlier this...
Weekly Tanker Report – Week 43, 2019
The Baltic Briefing has issued the tanker report for the 43rd week of this year. The report dated 25th October 2019 provides a valuable...
Piraeus Container Terminal Emerges As Star Performer for Cosco!
Piraeus container terminal emerged as the star performer for leading ports operators, Cosco.
It is because the Chinese group’s global operation lifted revenue...
IBM Spearheads Mayflower Autonomous Ship Project
IBM has joined an international effort to build an unmanned, fully autonomous transatlantic research vessel.
MAS will use IBM’s AI, servers, cloud, and...
Amidst Lowering Newbuild Orders Shipowners Return To the Dry Bulk Market
According to a market analysis by Nikos Roussanoglou, normal service has been resumed, as ship owners have returned to the S&P market, lowering their...
Boom in Containership Charter Rates Dwindles Due To Slow Season
Average daily charter hire rates had soared by 40% since January, while during the same period SCFI slumped by 25%.
51 container vessels...
Yamal LNG No Longer Under U.S Sanctions After Ownership Change
According to an article published in Reuters, Teekay LNG’s tanker venture, the Yamal LNG Joint Venture, is no longer subject to U.S. sanctions after...
CMA CGM Follows Maersk Model, Launches Trade Finance Medium for Customers
According to a Splash 247 report, France’s CMA CGM is now offering trade finance to customers following Maersk's lead.
What is it?
The Marseille-headquartered line recently...
MSC Is Up for the World’s Biggest Ocean Carrier Crown!
According to an article published in the LoadStar, MSC is on course to overtake alliance partner Maersk as the biggest ocean carrier by capacity...
[Watch] 5 Stunning Ship Launches
Ship Launches are interesting and stunning work. Engineering World published a video which highlights 5 such stunning ship launches. Take a look at them...
Tanker Ordering Picks Up With a Slow Down in Demolition
The general consensus is the tanker market will benefit from IMO 2020 but BIMCO has a different assessment which suggests that the tanker demolition...
Weak Scrubber Demand Hits Wärtsilä
Wärtsilä’s order intake for the marine segment of its business fell by 30% in the third quarter of 2019 due to the waning scrubber...
European Council Revises EU Ship CO2 Emission Rules
In a major development, the EU has announced that they are making efforts to cut red tape for ship owners while maintaining its high...
LNG Designing Needs To Tackle Space & Safety Issues As LNG...
According to a Lloyd's Register article, gas is set to become the second largest source of energy by 2025, with renewables and natural gas...
Maersk Pitches Ammonia & Biomethane As Decarbonization Fuels
According to a joint study by AP Moller – Maersk and Lloyds Register (LR), alcohol, biomethane and ammonia are seen best positioned for zero...
Unintended Release of CO2 Can Cause Casualties!
The UK MAIB issued a double investigation report focusing on the unintentional release of carbon dioxide (CO2) from the fixed fire-extinguishing system onboard two...
Inmarsat’s Fleet Data Secures Decisive Approval from Bureau Veritas
Inmarsat's Fleet Data has received decisive approval from Bureau Veritas.
It allows the Fleet Data to be installed safely onboard, without its operation...
