GE Shipping Gained 22% from Tanker Rate Rise
Tracking the rebound in the tanker shipping rates, shares of Great Eastern Shipping Co. Ltd (GE Shipping) have gained as much as 22% from...
[Watch] World’s First Fully Autonomous Ferry
On 3 December 2018, Rolls-Royce and Finnish state-owned ferry operator Finferries, successfully demonstrated the world’s first fully autonomous ferry in the archipelago south of...
Rope Failure Causes Injury During Loading Operation
What happened?
On July 8, 2015, at 0857 local time, the bulk carrier Asia Zircon II was offloading a cargo of wind turbine towers in...
Samsung Heavy Lands $189 Million LNG Carrier Deal
On 31 December 2018, Samsung Heavy Industries clinched a $189 million deal to build a Liquefied Natural Gas carrier.
$189 million contract
The company has clinched the deal...
NYK’s First Methanol-Fueled Chemical Tanker Using Green Loan
Japanese shipping giant NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of...
Sulphur Cap to Have ‘Crucial Bearing’ on Shipping: MOL Chief
MOL chief conveyed that 2020 regulation is expected to have a crucial bearing on the success
The move is expected raises the major cost and...
Bunker Industry Welcomes MSC Move on Fuel Safety
The International Bunker Industry Association decided to support fuel safety concerns at the 100th session of MSC in early December 2018.
A proposal...
Platts’ New 0.5% Marine Fuel Price Assessment Hits $366.18/mt in Singapore
S&P Global Platts has pegged 0.5% sulfur marine fuel delivered in Singapore at US$366.18/tonne.
The price is based on the notional bids, offers...
Carnival Unveils the World’s First Cruise Ship with a Roller Coaster
In what came as a huge surprise to cruisers and thrill-seekers, there's a cruise ship with a Roller Coaster in it, writes Emma Featherstone...
Environmental Crisis! Toxic Peroxide Found on Dutch Beach
Toxic Peroxide Found on Dutch Beach After Cargo Ship Loses 277 Containers says The New York Times.
Authorities deployed to attend
The Dutch authorities were struggling...
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