Inland Vessel Market To Reach $2,500.40bn Globally By 2030, Reports Allied Market Research
Allied Market Research published a report, titled, "Inland Vessel Market by Vessel Type (Passenger Vessel and Non-Passenger Vessel), Fuel Type (LNG, Diesel Oil, Heavy Fuel Oil, and Others) and Application (Oil Tankers, Bulk Carriers, General...
Rising Container Costs & Supply Demands Thread Consumer Prices Hike
Moving freight across land regularly is seeing a tight market nowadays.
The container shipping situation at ports and at sea threatens to send tidal waves through consumer prices.
While the historically tight, and expensive,...
[Watch] Nexas Aurora Completes Sea Trial
The Nexas Aurora has successfully completed her sea trial, reports the Nexans website.
A smooth sea trial
Nexans’ Vessel Operations Manager, Knut Flage says, “There is always some excitement when all the systems onboard a new-build...
US Gulf Coast Dirty Tanker Markets Readdress Queries After The Hush Of Nicholas
No fresh fixtures, cargoes reported upon arrival of storm.
Charterer queries prompt shipowner bullishness.
Aframax freight rose to five-month high in week ended Sept. 10.
Charterers turn to VLCCs to evade high Aframax,...
Wärtsilä To Supply Reliquefaction Plants for Knutsen LNG Carriers
Finnish technology group Wärtsilä’s Compact Reliq reliquefaction plant will be installed on three new LNG carriers built for Norway-based Knutsen OAS Shipping, reports the company website.
South Korean shipyard Hyundai Samho Heavy Industries (HSHI) is...
Bad Weather Causes Grounding of Vessels
A tug boat and an oil tanker ran aground on Wednesday due to bad weather, reports Avas.
Tug boat runs aground
According to Maldives National Defense Force (MNDF), the tug boat, 'Marina-1301' ran aground on Feydhoo...
BAE Bets on Battery-powered Quadcopter Drone for Lifting Cargo
BAE Systems and Malloy Aeronautics announced plans to explore the development of an all-electric ‘heavy lift’ uncrewed air system (UAS) as a potential new solution to deliver cost-effective, sustainable rapid response capability to...
NSW Hits 1259 New COVID Cases & 12 Deaths
NSW has hit a vaccination milestone as the state recorded 1259 new Covid cases and 12 deaths.
Premier Gladys Berejiklian announced NSW had reached its 80 per cent single dose vaccination milestone on...
Cargo Vessel Crew Test Positive for COVID-19
New South Wales Health is assessing a cargo ship off the coast of Newcastle with 11 COVID patients on board.
Testing on 21 crew members aboard the MV Spirit of Ho-Ping found more...
Shipping Stocks Hit Fresh Highs Amid COVID-Era Supply Chain Chaos
The mainstream press is now awash in articles on global supply chain breakdowns, exorbitant shipping costs, clogged ports, emptying store shelves and rising inflation. That’s good news for sentiment toward many (but not all)...