According to recent weekly Gibson tanker report, although freight levels in some shipping sectors reached breath-taking highs this year, 2021 is a year to forget for tankers, particularly in the crude segment. The majority...

A product tanker encountered mechanical problem while transiting Bosphorus in southern direction, reports Maritime Bulletin. What happened? Product tanker encountered mechanical problem while transiting Bosphorus in southern direction on Dec 21, while en route from from...

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Wärtsilä has completed the installation and commissioning of a unique hybrid power system combined with a PV solar energy system. The installation was carried out on the M/V Paolo Topic, a bulk carrier...

11 out of 23 ship finance portfolios are aligned with the IMO decarbonization target. The second Poseidon Principles Annual Disclosure Report 2021 is said to reflect the signatories’ leadership in climate finance. Six...

According to GMS weekly report, sub-continent ship recycling markets remained in a precarious position this week. Depreciation of currencies Sub-continent ship recycling markets (including Turkey) remained in a precarious position this week, with the recent...

It would be a scary thought, especially when you think about what happened to Jackie Wisniewski, an Erie County resident who discovered a GPS device on her car in 2012, placed there by...

Drewry’s composite World Container Index increased marginally to $9,292.39 per 40ft container this week. Drewry’s detailed assessment for Thursday,16 December 2021 The composite index increased marginally this week, and, remains 169% higher than a year...

The co-founder of Twitter and Block is a crypto supporter, but he isn't a fan of how Web 3 is being funded as reported by Coin Desk. Bitcoin  Bitcoin (BTC) will replace the U.S. dollar Jack...

The World Health Organization has urged people to cancel some of their holiday plans to protect public health, as the Omicron variant spreads globally, reports BBC. Strict travel curbs  New Year's Eve celebrations in London's Trafalgar...