Maersk Sets New Charter Highs
Maersk has set new charter highs, taking – or extending – three 4,600 teu classic panamaxes controlled by V Ships Hamburg, the Northern Priority, Northern Promotion and Northern Precision, for period employments of 24 to 27 months at...
Why Do Pirate Attacks Occur?
In early 1991 a few miles off of the coast of Somalia—just as Mohamed Siad Barre’s dictatorship was collapsing—the merchant vessel Naviluck was attacked by three boatloads of men who killed some of the ship’s...
Malaysian Oil Signs A MoU With National Offshore Oil Corporation
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) on Monday (15 March) signed a Memorandum of Understanding (MoU) with China National Offshore Oil Corporation (CNOOC) to pursue mutual growth through closer collaboration, reports...
Freight Rates Surge Up To 700% As Global Economies Commence Again
The transportation cost of containerised cargo across the world, including Pakistan, has increased by up to 700% due to an abnormal growth in imports following the reopening of global economies from partial lockdown amid...
GSBN’s New Incorporation Has Shareholders From Major Shipping Companies
Today the Global Shipping Business Network (GSBN) said it incorporated as a non-profit in Hong Kong. The blockchain shipping network that aims to digitize trade boasts three top-ten container shippers and four port terminal...
K Line Launches Proof of Concept To Accelerate DX Vessel Safety
K Line, in their news letter, has announced the installation of IP/MPLS solution with LTE communication proposed by NOKIA as Digital Transformation (DX) solution for ships to LNG-fueled Pure Car Carrier “CENTURY HIGHWAY GREEN”...
U.S. Talking To Several Countries About Extra COVID-19 Vaccine
According to the Reuters, Joe Biden has contacted several countries for the extra dose of Covid-19 vaccines.
Need more vaccines
In an interview with the President, he said, ”We’re talking with several countries already. I'll let...
Shipping Giants Look To ‘Greener’ Ships To Meet Climate Targets
Strain from a few of their largest clients is pushing corporations like world transport big Maersk to pollute much less after they transport items, reports the Verge.It is an indication that particular person corporations’...
LNG Charter Rates Hit Record Lows Supporting Strong Dispatches
LNG tanker charter rates have fallen to an all-time low in March, just two months after hitting all-time highs this past winter
The collapse in charter rates have supported USGC LNG netbacks and...
Crowley & ESVAGT Partner To Develop SOVs
Partnership advances the company as a total lifecycle service provider
Strategically focused on diverse services supporting the emerging energy sectors in the U.S. and adjacent regionsCrowley and ESVAGT have formed a joint venture...