New Tax Concession Law To Boost Hong Kong’s Ship Leasing Market

Hong Kong is hopeful to see an enlargement of its global share of ship leasing activities following the recent ship leasing tax concession. ...

Shipbuilding Industry Exports Increase By 59.5% Despite Pandemic

The Turkish shipbuilding industry is strengthening its global market presence by increasing the number of special-purpose projects, says an article published in Daily Sabah. Presence...

DNV GL Asks Shipowners To Be Vigilant of Upcoming Environmental Regulations

Apart from the regulations in place to achieve GHG reduction targets, there are more regulatory hurdles to be considered.  Environmental issues and a...

[Watch] Mauritius Oil Spill Protest Derail COVID Affected Port Louis

Thousands of people have marched through the Mauritian capital, Port Louis, protesting against the government's response to a massive oil spill off the...

[Watch] Dying Mother Dolphin Saves Her Baby in Mauritius Oil Spill

 A recent video published in Mailonline shows a dying mother dolphin trying to save its baby. She was nudging her head above oil-filled water...

World’s First Marine ‘Carbon Capture’ System by Mitsubishi-Class NK

A new project aims to conduct test operations and measurements for a small-scale ship-based CO2 capture demonstration plant. The project, which will deploy...

‘Endangered’ Classic Panamaxes Make a Come Back

Classic panamax boxships are back in the big time almost destroyed as a financially viable shipping segment four years ago. Opening of the...

Freighter Accused of Non-authorized Anchorage

General cargo ship Paderewski was cited with 'non authorized anchorage' by Vietnamese CG for anchoring in Vietnamese waters without proper authorization. CG officers...

FSO Carrying 173000 Tons Oil Facing Water Ingress

Water ingress has been reported on an ageing FSO off Venezuela which is carrying 173,000 tons of oil onboard. Eudis Girot, who heads...

UK Firm Shells $9.2M To Buy Iconic Appledore Shipyard

UK firm InfraStrata has paid $9.2m to buy Appledore Shipyard. Appledore Shipyard a niche shipbuilder churning out ships for more than 150 years. ...

World’s First Offshore Drone Cargo Delivery

Equinor has successfully sent a drone carrying a 3D-printed cargo to an offshore production platform. The drone carried a 3D-printed part for the...

Global Stimulus Measures Support Oil Prices Amid COVID-19

Global stimulus measures underpin prices even as demand struggles post-COVID-19. Brent crude futures for November were unchanged at $45.81 per barrel. U.S. West...

Floating Accommodation Turned To Self-contained Centre for Seafarers

Three existing floating facilities utilized to house foreign workers converted into a self-contained centre. These centres will house seafarers in between their ship...

[Watch] ‘Mauritius Disaster’ Shows ‘Oil Spill Cleaning Future’ Lies in Robots

Recent oil spill disasters in Mauritius and the Arctic has shown the necessity of better oil spill cleaning technology. The oil industry isn't...

India’s COVID19 Milestone of World’s Highest Daily Caseload Reeks of Complacency

India has set a record for the world's highest single-day increase in coronavirus cases, reports BBC. The nation, the world's third-most infected, on Sunday...

[Watch] 90% Countries Health System Disrupted As the Pandemic Touches 25...

8 months into the pandemic more than 25 million cases of the disease have been reported forcing WHO to underline certain actions. 90%...

Weekly Bulk Report – Week 35, 2020

The Baltic Briefing has released a report about the dry bulk market for the 35th week of shipping activities of this year. The report...

Ship Arrest! 2 Tankers Seized

Investment bank HSBC  arrested two product tankers owned by Singapore-registered Somerset Maritime over cargo claims totalling $6m, reports 247CustomsBrokerNews.  Reason for seizure Two product tankers owned...

Global Ballast Water Treatment Market Potential On a Surge

Ballast water treatment involves treatment of ballast water before it is discharged out of the ship at the port or in the mid...

PSA Marine Joins Decarbonisation Journey With New Digital Solution

PSA Marine releases a report on August 27, 2020 in support of sustainable shipping by reducing the carbon footprint. It joins the global...