Norwegian Cruise Line’s 165,000 gross ton cruise ship the Norwegian Escapewent aground this afternoon as it was departing the Dominican Republic. Officials are reporting that the ship is safe and that tugboats have been...

High spot LNG prices do not affect investment decisions Scrubber-fitted ships provide best returns in the current market The high LNG bunker prices have not forced LNG-dual fuel dry bulk ships to switch to...

NYK and NYK Group companies Japan Marine Science Inc. (JMS) and MTI Co., Ltd. participated in the Designing the Future of Full Autonomous Ship Project, reads an official press release. From February 26 to March...

Nippon Yūsen Kabushiki Kaisha (NYK) Line, along with group firms MTI and Japan Maritime Science, has secured approval in principle (AiP) from the Japanese and French classification societies ClassNK and Bureau Veritas for its...

Container lines trading on Indian markets have been working urgently to bolster empty equipment levels, but are now becoming concerned about the impact of sailing disruptions fuelled by fresh Covid lockdowns in China, reports...

After leaving the Port of Baltimore on Sunday night en route to Norfolk, Virginia, the Evergreen Marine-owned containership Ever Forward ran aground in Chesapeake Bay, reports the Loadstar. No injuries nor pollution  The 12,118 teu vessel...

The Russian Maritime Register of Shipping (RMRS) has been withdrawn from the International Association of Classification Societies (IACS). Maersk has made the long-awaited decision to sell its stake in Russian terminal operator Global...

Norway’s Island Offshore has been awarded several new vessel contracts. The company said that all 25 of its vessels were currently employed. The contracts cover employment across segments. Norway’s island offshore has been awarded...

Russia's war in Ukraine is roiling the global economy as policymakers race to get high inflation under control. The world's second-largest economy is pushing ahead with its "zero-Covid" strategy. Foxconn, one of Apple's...

Markets have endured another boost off the back of surging commodity prices and there is every expectation that the USD 700/LDT mark will be imminently breached in the sub-continent markets once again. These are comfortably...