150 Million Euro Investment for New Variants COVID Vaccine

According to a Reuters report, Britain's GlaxoSmithKline and German biotech firm CureVac have teamed up in a 150 million euro ($180 million) deal to...

630 Vessels Demolished in 2020

  According to new data released today by the NGO Shipbreaking Platform, 630 ocean-going commercial ships and offshore units were sold to the scrap...

16 Stranded Seafarers Under Stress, Crew Change Required At the Earliest

  The fate of 16 Indian sailors of a cargo ship stranded outside a Chinese port for six months remain uncertain. China remains noncommittal...

Secondhand Bulker Prices Firm Despite Softening Spot Rates

Secondhand bulk carrier prices are firming despite a week of softening spot rates, says an article published in Splash 247.  Smaller tonnage purchase Despite softening spot...

CSSC Inks Kamsarmax Sale & Leaseback Deal With Tongli

Tongli Shipping has signed a kamsarmax sale and leaseback deal with CSSC Shipping, says an article published in Splash 247. Sale and leaseback deal  CSSC Shipping,...

Diana Shipping Announces Final Results of Tender Offer

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced the final results of its tender offer...

Bezos To Step Down As Amazon CEO

Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive Andy Jassy. ...

World’s First LNG-powered Bulker Competes Eco-friendly Operation

POSCO, in their press release, announce the first completion an “eco-friendly” operation by their LNG-powered bulk carrier for overseas raw material transport. Eco-friendly vessel On January...

Fuel Premiums Run Astray Despite Approaching Holidays

The delivered premium of the very low-sulphur fuel oil (VLSFO) bunker grade to its cargo price assessments in Singapore is largely rangebound, writes Sammy...

Severe Snow Storm Causes Closure of NY/NJ Ports

Container terminals at the Port of New York and New Jersey remained closed on February 2 amid a severe winter storm that brought heavy...