Diana Shipping Inc. Announces Sale and Leaseback Deal
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,...
Berthed Container Ship Capsized
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 Examines Various Alternatives For A Decarbonized Energy Future
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...
[Watch] NOAA Finds Wreck of a Lost Whaler
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 Inks Service Agreement With Knutsen OAS
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...
[FAQ] When Choosing A Warehouse, Are You Aware Of All The Risks?
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 Accelerates Approach To Improve Customer Satisfaction
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...
Increased Oil Production In Q1 2022, Further Growth In 2023
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...
A Surprise Draw This Week For Crude Oil Of 4.28 Million Barrels
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...
Despite Easing Spot Container Freight Rates, Serious Bottlenecks Remain
A recent Sea Trade Maritime News states that container freight contracts agreed at high levels despite spot rate easing.
Jeremy Nixon, CEO of Ocean Network Express (ONE)
Speaking about the market Jeremy Nixon, CEO of Ocean...