According to Lloyds List Maritime Intelligence, a Panama-flagged ship has been hijacked by armed men in the Gulf of Oman and ordered to sail to Iran, reports BBC. What happened? Reports said that armed gang stormed...

Carnegie Clean Energy has made progress with the development of a novel mooring tensioner, a key component expected to support the use of rotary power take-off systems and contribute to the associated cost reductions...

Increased appetite for digital solutions tailored for small and medium-sized businesses has sparked steady growth of Twill, Maersk’s digital logistics platform launched in 2017.  Four years and 5 000 customers later, Twill is expanding its...

New Zealand updated legislation to enable maritime levies on vessels visiting its ports to help fund seafarer welfare services, says an article published on safety4sea website. Aim This move aims to improve welfare support in ports...

  IBIA has studied the European Commission’s “Fit for 55” package of proposals in a bid to understand the various aspects and the impact they may have on the marine fuels sector, and created a...

U.S. in July agreed higher price than EU for Pfizer jabs EU imposed stricter conditions on production, deliveries Some vaccine makers have increased bargaining power Side-effects, supply issues overshadow some drugmakers The European Union...

China's Wuhan to test all 12 million residents as Delta variant spreads China is struggling to contain a widening coronavirus outbreak, which has spread to at least 15 provinces China's Wuhan city will test its 12 million...

A.P. Moller-Maersk raised its guidance for profit this year after freight rates soared. The Copenhagen-based company added almost $5 billion to the midpoint of its operating profit forecast. A.P. Moller-Maersk A/S, the world’s largest...

Summit and Commonwealth LNG sign MoU for LNG in Bangladesh the scope of the MoU includes SOSCL potentially contracting for 1 million tpy of LNG offtake, for a term of up to 20...

Average TCE rates increase above 30 months 8500 TEU fixtures eclipse $100,000/d Slim 2021 to 2022 deliveries to support rates Container ship operators are paying increasingly high charter rates for longer periods as they...