Samsung & Bloom Energy Tie Up To Produce Zero Emission Vessels
Samsung Heavy Industries Co. and Bloom Energy have announced an agreement to develop cleaner power for ships by jointly designing fuel cell-powered vessels that will reduce carbon emissions and help improve air quality.
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Crew Return Delayed After COVID19 Outbreak in Royal Carribean Cruise
Thousands of crew members are still waiting to go home more than three months after the cruise industry stopped operations.
And at least 11 ships are currently experiencing COVID-19 outbreaks, according to the...
Safe Cargo Transport Lessons from MSC Cargo Vessel Container Loss
The Dutch Safety Board issued an investigation on the loss of containers from the MSC Zoe in 2019, sharing valuable lessons learned on the shipping routes that pass the Wadden Islands to the north.
The...
Oil Prices Recoup Amid OPEC+ Cuts Pushing Demand
Demand seen falling by about 6.5-8.7 million bpd in 2020.
Around 26 contributors raise 2020 Brent price forecasts.
Second virus wave poses downside risk to prices-analyst.
Oil prices will consolidate at around $40 a...
GoodBulk Acquires $200 Million for Fleet Refinancing
GoodBulk has come to an agreement with its banks to refinance its fleet.
GoodBulk received credit committee approval from its banks for a loan of $200 million.
It will be used to refinance...
Wartsila Does World’s First Full Scale Ammonia Engine Test
Ammonia is seen as a promising carbon-free fuel that can help the maritime industry meet IMO’s goal of reducing greenhouse gas emissions from shipping by at least 50% by 2050.
Wärtsilä reports that...
First Basic Dynamic Positioning Operator (DPO) Remote Training for Crews
Kongsberg Maritime’s plan to ramp up remote delivery of targeted education.
Using digital platforms to offer the first basic Dynamic Positioning Operator (DPO) courses.
The hands-on experience is fully compliant with the DNVGL...
Shippers Stay Away from Transporting Scrap To China
Hapag-Lloyd and MSC will no longer accept scrap metal or paper as cargo to ports in China.
Announcements add one more layer of confusion to a scrap import landscape in China.
Chinese government...
DHT Holdings Updates Business Amid COVID-19
DHT Holdings, Inc. provides the following business update amid coronavirus outbreak, reads the company's press release
Time Charters
DHT Scandinavia has been significantly delayed discharging cargo on her current voyage and has thereby failed to...
Deeper Global Recession Ahead As We Stare at 4.9% Global Contraction, Says IMF
IMF downgraded its outlook for the coronavirus-ravaged world economy.
It expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April.
For 2021, the fund sees a...