International Seaways Signs With Ocean Yield for Refinancing Vessels

International Seaways, Inc. announced that it has signed agreements with Ocean Yield ASA ("Ocean Yield") for the refinancing of six vessels in attractively structured sale-leaseback transactions, says an article published in Finance Yahoo. About the...

Yara Created World’s First Autonomous Electric Cargo Ship

  Norwegian chemical company Yara International (Yara) has claimed that it has created the world’s first zero-emission, autonomous electric cargo ship. Yara coined the concept in 2017 as a part of the company’s vision...

Methane Emissions To Become A Challenge for Shipping Industry

Methane emissions to become a challenge for shipping industry, says Environmental Defense Fund. The United Nations Climate Change Conference, also known as COP26, will discuss a pledge to reduce methane emissions when it...

Elenger Marine Eyes On Clean Baltic Sea

Elenger Marine is engaged in LNG bunkering and transportation with five years of solid experience. They are a major bunkering services supplier in the Baltic Sea region. Elenger Marine is major provider of truck-to-ship (TTS)...

Wärtsilä’s Carbon Neutrality Target By 2030

The technology group Wärtsilä announces its “Set for 30” commitment to achieving ambitious climate targets. To become carbon neutral in its own operations, and To provide a product portfolio which will be ready...

Korean Banks Should Provide Ship Leasing for This Reason

A South Korean lawmaker has called on the country’s banks to become more involved in the ship leasing business to help HMM build its fleet. Choi In-ho, from the ruling Democratic Party of...

Freight Rates Decline After 17 Months of Surge

After over 17 months of a continuous surge, freight rates on select global routes have started moderating since early October. It is due to an ease in traffic congestion and eventually container availability...

Chinese Surveillance Tech To be Expunged from US Retail Giants

Lorex and Ezviz removed from stores over links to human rights abuses Home Depot also stopped selling Ezviz products Walmart and Costco, which still stock Lorex and Ezviz technology, did not respond to...

Will Taiwan Be Unified With Mainland China?

Heightened tensions with Taiwan have focused attention on China, with many wondering where President Xi Jinping sees his country on the world stage, reports BBC. China’s global rhetoric China is now a global power, something scarcely...

“K” Line, NYK & Partners To Develop Ammonia-fueled Vessels

"K" Line, Nippon Yusen and partners join to develop ammonia-fueled vessels, reads a "K" Line news release. Green Innovation Fund Project Kawasaki Kisen Kaisha, Ltd. (“K” LINE), together with ITOCHU Corporation, NS United Kaiun Kaisha, Ltd.,...