Taylor Maritime Buys $77.9m Stake

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...

US Wans Millions of Internet Connected Devices at Risk

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 Containership To Conduct A Bio-Heavy Oil Test

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...

Pfizer Set To Disclose COVID Tablet Formula

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...

Commodity Tracker: 4 Charts To Watch This Week

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 Joins Sea Cargo Charter

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 Sustainable Biofuel Voyage

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%...

Allied’s Weekly Market Report – Week 49, 2021

A short breath before the close of the year and we still find that the dry bulk sector has seemingly held its high hopes for the near future. This may be but a mere...

Trio Awarded €4.3M In Funding For A Bio-LNG Production Plant

This technology resolves various challenges in the production of small-scale LNG, including producing high-quality bio-LNG (not containing contaminants); zero methane ‘slip’ (not releasing unburned methane); and no high-temperature demands in gas treatment technologies,...

CMA CGM Receives LNG-Powered Vessels

CMA CGM, the French shipping conglomerate, has taken delivery of the 15,000 TEU, Kimberley, adding to its huge fleet of LNG-powered container ships as reported by LNG Prime. Container vessel The dual-fuel ultra-large container vessel was...