SCF did not immediately respond to a request for comment. No contract can function on the basis of an asset freeze. Classification societies provide services such as checking a ship's seaworthiness, with certification...

Diana Shipping Inc. (NYSE: DSX), (the “Company”), through a separate wholly-owned subsidiary, has entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the 2022 new-building Capesize dry bulk vessel,...

Container ship capsized and rested portside on pier at Kolkata port, India, in the morning Mar 24, reports Maritime Bulletin. What happened? The ship is deployed in container service connecting Kolkata and Chittagong, she was about...

Wärtsilä has published an important paper on the role of sustainable fuels in the energy sector’s transition towards decarbonised power generation. P2X fuels are produced through the electrolysis of water into hydrogen and...

NOAA announced the discovery of the wreck of a 200-year-old whaling ship called the Industry, which has been found on the bottom of the Gulf of Mexico. Disclaimer: This video is intended for informational purpose only....

Wärtsilä has secured a service contract from Norwegian fleet operator Knutsen for four liquefied natural gas (LNG) carrier vessels, says an artricle published in Ship Technology. The scope of the contract Enhance operational performance The contract involves...

When entering any contract, it is critical to understand your obligations fully to mitigate risk. This TT Brief provides a checklist that will assist warehouse operators in avoiding the pitfalls that could lead to...

MOL announced the success of a demonstration test of automated space management for car carriers,using mathematical optimization, a technology both companies have been working on since 2019. MOL Group must not only maximize...

52% report increased oil production in Q1 2022 Majority see higher capex, further gains in 2023 A recent news article published in the Platts states that oil and gas activity index hits 6-year high...

  The American Petroleum Institute (API) estimated that there was a surprise draw this week for crude oil of 4.28 million barrels, compared to analyst predictions of a 25,000 barrels build. U.S. crude inventories...