2020 Bulkers Sells Three Newcastlemax Vessels for $209m

Oslo-listed 2020 Bulkers has agreed to sell three scrubber-fitted newcastlemax vessels for $209m, representing half of its fleet. The company expects to book...

ClassNK Issues New Guidelines to Enhance Container Shipping Safety and Efficiency

ClassNK has released three updated guidelines covering weather-based route planning, anti-rolling devices, and container stowage standards. The rules aim to prevent cargo collapse,...

NYK to Merge Keihin Dock and Yokohama Machinery

NYK will merge Keihin Dock, its shipbuilding arm, with Yokohama Machinery, a marine equipment sales company, effective October 1. The integration consolidates shipbuilding,...

Auxiliary Boiler Malfunction Leading to Crew Injuries

This report is based on the safety investigation conducted by the Marine Safety Investigation Unit (MSIU) regarding a boiler furnace blowback incident that occurred...

LNG and LPG Markets Record Further Softening in Week 39

LNG spot rates declined across all major routes, with the steepest drop on the US Gulf–Japan corridor. Time charter levels also moved lower,...

SSI Sets Clear Pathways for Shipping to Support Ocean Sustainability

SSI has launched the Marine Biodiversity & Ocean Health (MBOH) Guidebook to integrate biodiversity protection with decarbonization. The guidebook sets biodiversity impact reduction...

Shipowners’ Club Issues Advisory on Sanctions and Security in Yemen

Sanctions risks remain high when trading with Ansarallah-controlled entities or ports, particularly involving petroleum products. Vessel operators are urged to apply enhanced due...

Everllence Achieves Breakthrough with Ethanol-Fuelled Two-Stroke Engine

Everllence successfully operated a 90-bore ME-LGIM engine on ethanol at all load points in Japan. The achievement expands the company’s proven methanol-burning engine...

Italian Coast Guard Detains High-Risk Bulk Carrier in Naples

The Italian Coast Guard in the port of Naples detained a Belize-flagged bulk carrier on September 22 following an extensive inspection that uncovered a...

Regional Tensions Escalate: Israeli Strike on Commercial Vessel in Yemen

Pakistan's Interior Minister Mohsin Naqvi said on Saturday that an Israeli drone attacked a petroleum gas (LPG) tanker at Yemen's Ras al-Esa port on...