MOL Group Earn 2 Awards in ‘Ship of the Year 2022’
Mitsui O.S.K. Lines’ (MOL) Shofu Maru, the world's first coal carrier equipped with the Wind Challenger hard sail wind propulsion system, was judged ‘Ship...
ExxonMobil Signs B30 Bunker Supply Deal With Hapag-Lloyd
US energy producer ExxonMobil has signed a deal with container line Hapag-Lloyd to supply its ships with biofuel bunker blends in Northwest Europe, reports...
Russian Boxship Docks at Space Station Amid Commercial Crew Visit
A Russian cargo ship, Progress, has delivered 2.7 tonnes of supplies and equipment to the International Space Station (ISS) amid a full slate of...
Qatar Forces Save Seafarer Who ‘Fell Off’ Ship
On 24th May, the Ministry of Interior (MoI) announced that Aeronautical and Maritime Search and Rescue teams, rescued a Korean national after he fell...
Gigantic Titans of the Seas: The World’s Largest Tanker Ships Revealed
The invention of the modern oil tanker, pioneered by Ludwig Nobel, revolutionized the transportation of oil and other liquids. Prior to tankers, oil was...
MOL To Commercialize ‘V-MO’ Monitoring Service For Marine Motors
V-MO enables detection of motor abnormalities, diagnosis of their causes, and continuous condition monitoring of motors installed on a vessel.
MOL will increase...
Navios Maritime Holdings Inc. Soars with $14.5 Million First Quarter Net Income
Navios Maritime Holdings Inc. has released its financial results for the first quarter ended March 31, 2023. The company owns a controlling equity stake...
Oil Prices Gain 2% On Falling U.S. Stockpiles, Saudi’s Warning
U.S. crude stockpiles post massive surprise drawdown -EIA.
Saudi warns speculators of more pain as OPEC+ meeting looms.
White House Republicans reconvene US...
Trafigura Points To Global South’s Potential In Decarbonising Shipping
According to the research findings, the ‘Global South’ has the capacity to produce nearly 4,000 exajoules per year of competitively priced green hydrogen.
...
Capsized Ship Sinks With No Survivors Expected
The vessel sank at 2 am. Seven vessels carried out search and rescue operations on Wednesday.
The large-scale search and rescue operation was...
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APLICATIONS
Blank Sailings Drop but Overcapacity Keeps Rates Under Pressure
Global Container Market Volatile as US Imports Slow.
Transpacific Demand Weakens, Freight Rates Fall 5%.
Drewry Index Slides 3% Amid Persistent Overcapacity.
The global...
