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Zim Records 90% Return in Its New York Flotation
Zim Integrated Shipping Services Ltd. (NYSE: ZIM) is perceived by many as an Israeli shipping company mainly identified with heavy losses and debt settlements.
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New Size Record Set for Freight Container Ships
As OOCL prepares to welcome the third of six 21,000 TEU container vessels into its fleet, the box freight line has announced that one...
Hi-tech Sail Will Tackle Emissions At Sea
Airwing, a new hi-tech sail, could reduce fuel consumption by up to 30% and provide 10 times more thrust than conventional sails.
Sea...
Marine propulsion
A view of a ship's engine room
Marine propulsion is the mechanism or system used to generate thrust to move a ship or boat across...
EU Operator Notification Requirement For Excepted Cargoes Under The 16th Sanctions Package
This notification requirement under Article 5ae(5) of Council Regulation (EU) 833/2014 is particularly relevant for EU operators involved in excepted cargo transactions under the...
Singapore Authority Investigates Contaminated HFSO Cases
Singaporean authorities have launched an investigation into contaminated high sulphur fuel oil (HSFO) sold by two bunker suppliers after 34 ships were hit by...
Panama Canal Drought Sparks Cargo Route Revisions
The Panama Canal's persistent water level challenges are triggering supply chain upheavals and deliberations among cargo owners about the reliability of this once-viable alternative...
NYK Jointly Establishes New Ship-Management Company In Hong Kong For LNG Carriers
On December 2023, NYK Line, a prominent global shipping company, jointly established OPearl LNG Ship Management Company Limited (OPearl), a new ship-management company...
Castor Maritime Inc. Announces $18.0m Debt Financing
Castor Maritime Inc. announces the closing and drawdown, through two of its ship-owning subsidiaries, of a $18.0 million senior term loan facility with a...
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Experts Predict That The Worst Is Yet To Come for Shipping
Industrial companies have 30-60 days of parts and raw materials either on hand, in-transit, or obtainable on short notice.
Shortages will start to...
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This Japanese Tech Giant To Split, Sell Stake in Carrier
Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp.
Toshiba once was one of Japan's most revered brands...
Orcas May Learn to Attack Ships, According to Researchers
Researchers Believe That Orcas Are Learning to Attack Vessels, highlights The Inertia news source.
Killer whales ramming boats
According to reports, orcas appear to be learning to...
Container Shipping Market has Bottomed Out
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market...
