Samsung & Bloom Energy Tie Up To Produce Zero Emission Vessels

Samsung Heavy Industries Co. and Bloom Energy have announced an agreement to develop cleaner power for ships by jointly designing fuel cell-powered vessels...

Crew Return Delayed After COVID19 Outbreak in Royal Carribean Cruise

Thousands of crew members are still waiting to go home more than three months after the cruise industry stopped operations. And at least...

Safe Cargo Transport Lessons from MSC Cargo Vessel Container Loss

The Dutch Safety Board issued an investigation on the loss of containers from the MSC Zoe in 2019, sharing valuable lessons learned on the...

Oil Prices Recoup Amid OPEC+ Cuts Pushing Demand

Demand seen falling by about 6.5-8.7 million bpd in 2020. Around 26 contributors raise 2020 Brent price forecasts. Second virus wave poses downside...

GoodBulk Acquires $200 Million for Fleet Refinancing

GoodBulk has come to an agreement with its banks to refinance its fleet. GoodBulk received credit committee approval from its banks for a...

Wartsila Does World’s First Full Scale Ammonia Engine Test

Ammonia is seen as a promising carbon-free fuel that can help the maritime industry meet IMO’s goal of reducing greenhouse gas emissions from...

First Basic Dynamic Positioning Operator (DPO) Remote Training for Crews

Kongsberg Maritime’s plan to ramp up remote delivery of targeted education. Using digital platforms to offer the first basic Dynamic Positioning Operator (DPO)...

Shippers Stay Away from Transporting Scrap To China

Hapag-Lloyd and MSC will no longer accept scrap metal or paper as cargo to ports in China. Announcements add one more layer of...

DHT Holdings Updates Business Amid COVID-19

DHT Holdings, Inc. provides the following business update amid coronavirus outbreak, reads the company's press release Time Charters DHT Scandinavia has been significantly delayed discharging...

Deeper Global Recession Ahead As We Stare at 4.9% Global Contraction, Says IMF

IMF downgraded its outlook for the coronavirus-ravaged world economy. It expects global gross domestic product to shrink 4.9% this year, more than the...