Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with compatriot engineering company Mitsui E&S Machinery and German engine manufacturer MAN Energy Solutions to target a purchase contract for...

Germany’s oldest private bank has expanded its portfolio with two new closed-end multi-investor shipping funds. The funds are aimed at institutional investors and are launched in collaboration with Universal-Investment-Luxembourg as an alternative investment...

Managing Director of Sovcomflot (UK) informed Secretary-General about the work SCF conducts in the sphere of emission reduction in line with IMO's ambition to decarbonize the maritime transport and achieve zero emissions by 2050,...

Samsung Heavy Industries Co. said that it has signed a $1.7 billion order to provide design, parts, and blocks for seven shuttle tankers, says an article published in Kore Herald. About the deal Under the deal...

Weekly composite index covering 20ft, 40ft, and Hi-Cube box rates says an article published in Baltic Exchange. Baltic Exchange publishes the weekly Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange. Route 2021-10-15 2021-10-8 Weekly change (%) Ningbo -...

General cargo ship caught fire on the cargo deck in the afternoon Oct 17 at Sundai Pakning anchorage, Pakning river, Riau, Indonesia, Malacca Strait, reports Maritime Bulletin. What happened? According to reports, the fire was caused...

General cargo ship with cargo of fertilizers ran aground some 300 meters off western coast of Bornholm island, Denmark, Baltic sea, reports Maritime Bulletin.  What happened? General cargo ship with cargo of fertilizers ran aground some...

Reported drug overdose deaths in the United States hit a new high of more than 96,000 in the 12-month period ending March 2021, according to data released Wednesday by the US Centers for Disease...

The Baltic Exchange has released a report about the dry bulk market for the 41st week of shipping activities of this year. The report dated 15th October highlights the dry bulk market conditions at the...

Baleària has started LNG propulsion conversion of the Hedy Lamarr ferry at the West Sea shipyard in Portugal, the last of the six retrofit operations, says an article published in Offshore Energy. Baleria's Fleet Plan Baleària...