Ocean Yield is investing in two modern LR2 product tankers, STI Gallantry and STI Guard, with 10-year bareboat charters to Scorpio Tankers with purchase obligations at the end of the charters, reports Oceanyield. About the investment  The total net purchase...

E-commerce Amazon remains largely unaffected by the global supply chain crisis as it is increasingly taking control of the entire supply chain, City A.M. Builds its own containers and hiring planes  The company is building its...

On 1 December 2021, the Singapore Chamber of Maritime Arbitration (SCMA), Singapore’s bespoke maritime arbitration body, launched the fourth edition of its arbitration rules. The first changes to SCMA’s rules since 2015 seek...

Taylor Maritime Investments Ltd. said Monday that it will acquire a 22.6% stake in Grindrod Shipping Holdings Ltd. for $77.9 million, reports Market Watch. About the deal  The dry-bulk shipping company said that the acquisition will...

Hundreds of millions of devices around the world could be exposed to a newly revealed software vulnerability, as a senior Biden administration cyber official warned executives from major US industries Monday that they need...

HMM, a South Korean shipping business, has bunkered a containership using sustainable marine bio-heavy oil, kicking off an offshore empirical test as reported by Offshore Energy. Empirical test The ship in question is the 13,154 TEU...

After developing its remarkable COVID-19 vaccine, Pfizer is preparing to roll out an antiviral pill to ease the symptoms of those who contract the virus. These countries are home to around 4 billion...

Meeting COP26 commitments is going to be an uphill battle for Asia's top 10 carbon dioxide emitters. In Europe, refiners are facing a more immediate challenge, in the form of the omicron variant of COVID-19 threatening oil...

Chevron Shipping Company has joined the Sea Cargo Charter, a benchmark initiative for responsible shipping activities, transparent greenhouse gas reporting, and improved decision making in line with UN decarbonisation targets, reports LNG Industry. Sea Cargo...

Eagle Bulk completes 1st biofuel-powered test voyage in cooperation with GoodFuels. Eagle continues to actively explore ways to decarbonize its fleet. GoodFuels’ advanced biofuels are produced from certified renewable feedstocks labelled as 100%...