Fincantieri Bags $462M Deal for Logistics Support Ship

Fincantieri-led consortium Raggruppamento Temporaneo di Impresa (RTI) has won a contract to build a second Logistic Support Ship (LSS) for the Italian Navy, which also includes the option for a third ship, says an article...

Minerva Deploys Tanker For New Operation

Minerva Bunkering, a marine fuel supplier, has opened a new physical supply business in Argentina as reported by Ship & Bunker. Bunker supply The company claimed in an emailed statement on Monday that it is now...

GSI’s Largest Ever Ferry On Its Way

We had a tremendous pleasure last week of receiving the first new-built passenger vessel hired by DFDS since the SCANDINAVIA in 1982 as reported by DFDS. Aura Seaways Guangzhou Shipyard International (also known as GSI) in...

Dubai’s Expo Attracts Tourists Like Fireflies

The World Expo or Expo 2020, hosted by Dubai in The United Arab Emirates, had to be rescheduled from Oct 1st, 2021 - March 31st, 2022 due to the COVID pandemic. This major event...

Why Drone Could Be A Key Asset For Ports In The Future?

Drones are just one emerging technology aiding port operations across the globe. The port went on to say that the technology will allow authorities to manage, inspect and monitor large areas. With the...

How Does One Measure A Vessel’s CO2 Emissions?

The Sea Cargo Charter also joined in on the issue of controlling air pollution from ships. Even with the mass adoption of low-sulfur fuels and scrubbers aboard vessels, shipping's footprint on CO2 is...

Oil Market Crashed, US and UK’s Varied Stand On Omicron Panic

Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market. At 11:32 a.m. EDT, WTI crude was trading at $66.44, down $4.42...

Commodities Had A Strong Year Amidst Pandemic Fear

China’s impact was most keenly felt was metals, with spot iron ore surging to an all-time high of $235.55 a tonne in May. Copper managed to hold on to much of its gains,...

Maersk Tries An Innovative Ship Design Powered By Gas

In August we told how Maersk had decided on how it would source the 'green' methanol which it clearly sees as one of the fuels of the future. Last week the ocean box carrier announced...

Tanker Sector Continues To Search For Upside

Disparate factors must converge for the market to construct and maintain a recovery in 2022, writes Tim Smith, MSI The search for upside in the tanker sector continues. But there is reason to believe...