Hyundai-DSME $1.8b Merger Wins China Approval, Awaiting EU

China has granted unconditional approval Hyundai Group’s acquisition of Daewoo Shipbuilding. The merger deal is pending approval from the European Union, South Korea...

Global Oil Market ‘Looking To Set Foot’ Amid Recovering Crude Futures

Dated Brent jumps to nine-month high. Momentum could be halted by new COVID-19 strain in UK. North Sea spot market gets more active. The...

Next World Destination To Permit Resumption of Cruising

New Zealand is becoming the next world destination to permit a limited resumption of cruising starting in February 2021, as the Ministry of Health...

$869M To Support Eco-Friendly Ship Technology Development

South Korea is going to allocate around KRW960bn ($869m) to support eco-friendly ship technology development projects as part of its latest 2030 Green Ship-K...

Wait Time Up To 13 Days for LNG Tankers Without Reservation

Average Panama Canal passage wait times for Asia-bound LNG tankers from the US Gulf Coast without reservations are up to 13 days, the Panama...

Why Should Tankers Use Corrosion-Resistant Steels?

  The use of corrosion-resistant steels in cargo oil tanks offers certain advantages compared to coatings.  It is proven to dramatically reduce both pitting...

[Watch] A.P. Moller – Maersk CEO Discusses Engineering Culture and Technology

Technology is an integrated part of our strategy and how we are building a sustainable competitive advantage. CEO, A.P. Moller - Maersk, Søren Skou discussed...

Adorable Animals That Interrupted Sports Events in 2020

A bit like cats meowing and dogs barking their way across the Internet, 2020 was a bumper year for animals in sport, says an...

Stringent Measures by UK To Fight New Variant of Covid 19

The new variant of covid 19 virus spreads faster to other European nations. Scotland and Northern Ireland demanding tighter measures to try to...

World Composite Index Increased By 1% And 169.2% Y-o-Y

The World Composite Index increased 1% this week, and 169.2% up when compared with same period of 2019, says an article published in Drewry. Average...