Hafnia Keen To Acquire 12 Scorpio Tankers
Singapore-based tanker owner and operator Hafnia is in advanced negotiations with Monaco-based counterpart Scorpio Tankers regarding the acquisition of 12 long-range 1 (LR1) tankers.
Hafnia said it confirmed the information in response to...
Maersk Space Ban, Dark Future for Small Freight Forwarders
Thousands of small freight forwarders fear for their survival following Maersk’s decision to offer them only its Maersk Spot product.
The loss of the vast majority of Maersk’s capacity has led to some...
ClassNK Issues AiP For Ammonia-Fueled GSC
The Planning and Design Center for Greener Ships has received an Approval in Principle (AiP) from the leading classification society ClassNK for the design of an ammonia-fueled Panamax bulk carrier (GSC) as reported by...
Price Fixing Puts 23 Shipping Companies In Trouble, $81M Fine
On 18 January 2022, the Fair Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7 million) on Korean and foreign carriers along with corrective order.
The companies...
Alibaba Under US National Security Investigation
The Biden administration is assessing if Alibaba's cloud business presents a threat to U.S. national security.
Alibaba's cloud business in the U.S. has an annual revenue of about $50 million, a fraction of...
Verification Of Electronic Statutory & Class Certificates
The practice of issuing signed paper certificates to document compliance with maritime rules and regulations may be nearing its end.
The accompanying inspection reports stated that some of the certificates requested did not...
Is COVID Herd Immunity A Dwindling Potential?
The Omicron variant, which is spreading far faster than previous versions of the coronavirus, is not likely to help countries achieve so-called herd immunity against COVID-19, in which enough people become immune to...
France LNG Shipping Signs Charter Deal For A New LNG Carrier
France LNG Shipping has signed a long-term charter deal for a new LNG carrier.
This new vessel will have 174,000-cubic metres LNG capacity.
HSHI will deliver the new LNG carrier in 2025.
French ship-owning...
Crude Oil Futures Slip In Mid-Morning Trade
Crude oil futures were lower in mid-morning trade in Asia Jan. 20.
Oil prices have climbed spectacularly since the start of the year.
US crude oil stocks, meanwhile, reportedly rose 1.4 million barrels...
Here Are Some Techs You Will Run Into in 2022
Many of the same “trends” appear again and again because, to put it simply, technology takes a long time to mature before most of us actually want to buy it. That applies this year...