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...

10 Super Reasons Why Stock Market is To Crumble Again

Over the subsequent 11 weeks following the March 23 bottom, the S&P 500 bounced more than 40% off of its lows and got...

Seafarers Pushed To Limits As Govts Slow on Crew Change: Intercargo

Last month, the World celebrated 10 years of the Seafarers' Day amidst a raging crew change crisis that has made the life of seafarers...

WHO Sends Team To Check COVID19 Origin, Says Contact Tracing the Only Way

According to a Reuters report, the World Health Organization chief said on Monday that  Tracing contacts of people with coronavirus infections is the most...

Another Maritime Heavyweight Joins Maersk Decarbonizing Research Center

Cargill has joined leading players to launch the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping in Copenhagen. The center will focus on...