Cosco Opts To Dispose 10 Tankers
A number of tankers are being sent for scrap in 2021, with elevated demo rates proving very tempting. Cosco Shipping Energy Transportation recently announced...
IMF Predicts 21% Rise in Oil Prices in 2021
Oil prices will average just above $50/b in 2021, a more than 21% rise from 2020's depressed level.
This may be attributed to...
IPO Expected from SM Line in 2021
SM Line announces that it is preparing for an initial public offering (IPO) in the second half of the year.
The shipping company...
Oldendorff Carriers Signs A Major Fuel Saving Technology Project
Oldendorff Carriers (OC) sign a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), LR and SDARI.
The JDP is to develop a...
Debunking Pirate Attack, Plight of Seafarers
Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies.
On Saturday, pirates off Nigeria kidnapped 15...
Rising Shipping Costs Spurs Stress on China-Europe Trade
The cost of shipping goods from China to Europe increases by up to 600 percent in recent weeks.
The rise in cost of...
[Watch] Seafarers Should Receive Vaccine Priority, Says Stakeholder
A maritime industry stakeholder is calling on the Philippine government to also prioritize seafarers as in the country's COVID-19 vaccine rollout, reports ABS CBN...
Inmarsat Secures Fleet Agreement To Accelerate Maritime Digitalisation
Inmarsat, the world leader in global, mobile satellite communications, has secured a fleet-wide agreement with offshore support vessel major Tidewater to advance its digitalization...
This Amazon-backed Startup To Make Net-zero Transportation Fuels
Infinium, an electrofuels solution provider, closed the funding bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP...
Oil Majors To Tackle Rising Crude Prices Amid Muted Demand
Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices, reports the Business Standard.
Crude...
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