Shipping a Moving Target for Cyber Threats

Lars Lange, IUMI Secretary-General, speaks of numerous challenges related to cyber risk insurance

ZIM Brining Blockchain Technology into Shipping

Israeli shipping company Zim Integrated Shipping Services (ZIM) has wrapped up the first pilot of paperless ...

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SeaIntel: Carriers Deliver Marginal Financial Recovery in Q3

Although the third quarter of 2017 financially saw a significant improvement over the same quarter of 2016, the ...

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Philly Shipyard Delivers 4th Tanker to APT

American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, has taken delivery of the fourth and final 50,000 ...

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Flex LNG Secures USD 315 Mn to Finance Newbuildings

Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its ...

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US Navy Ship Scraped in Collision with Japanese Tug

US Navy’s guided-missile destroyer USS Benfold suffered minimal damage after it collided with a tugboat off ...

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ICS: Shipping Needs to Be Economically Sustainable

The shipping industry could only be environmentally sustainable if it is economically sustainable as well, the ...

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Golden Ocean Returns to Profit

Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) returned to profit in the third quarter of ...

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Ship Operating Costs Stabilise in 2017

The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners ...

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Trafigura Confirms Plans for Pakistan's Second LNG Terminal

Commodity trading and logistics company Trafigura has confirmed plans to develop a second LNG import terminal ...

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INEOS: World’s Largest VLEC to Carry US Ethane to China

UK’s chemicals company INEOS has signed a long-term supply deal to deliver ethane from US shale gas to China, ...

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Royal Caribbean Prices USD 800 Mn Notes

Miami-based cruise line Royal Caribbean Cruises (RCL) has priced an offering of senior unsecured notes in an ...

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Cosco Shipping Energy Orders Seven Ships from Dalian

China’s Cosco Shipping Energy Transportation has entered into agreements with Dalian Shipbuilding for the ...

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Navig8 Chemical Tankers Delivers Loss

Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has delivered a ...

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Wärtsilä to Power Viking Line's New LNG-Fuelled Ferry

Finnish technology group Wärtsilä has been hired to supply engines, navigation system, and a broad scope of other ...

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Coral Energy Brings First LNG Cargo to Northern Finland

LNG tanker Coral Energy, operated by Scandinavian company Skangas, delivered the first shipload of liquefied ...

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Seafarer Medevaced from Maersk Eindhoven off Alaska

The US Coast Guard has evacuated a crewman, suffering from cardiac issues, from the 142,105 dwt ...

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IRClass Opens Maritime, Shipbuilding Centre of Excellence

Indian Register of Shipping has launched a centre of excellence in shipbuilding and maritime sector to support ...

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Weak Tanker Rates Push Sovcomflot to Red

Russian shipping company PAO Sovcomflot (SCF Group) ended the first nine months of 2017 in loss as tanker spot ...

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Drewry: Crude Tanker Rates to Further Drop in 2018

Following a sharp decline in crude tanker freight rates seen during 2017, the rates are set to further drop in 2018 ...

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Star Bulk Carriers Slashes Loss

Greece-based dry bulk shipping firm Star Bulk Carriers managed to cut its net loss for the quarter ended September ...

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Venepandi Warns Ships of Incidents during Inspections

During the mandatory antidrug underwater inspections in Venezuela prior to sailing, an increasing number of alleged ...

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Suspected Pirates Detained after More Attacks off Somalia

Six suspected pirates were detained following attacks on a 52,000 tonne containership and a fishing vessel, ...

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No Longer Sailing South?

The Suez Canal is still the most efficient route to transport large amounts of cargo between Asia and Europe. ...

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Wison, Shanghai Electric Team Up on Floating LNG Power Barge

Wison Offshore & Marine and Shanghai Electric Power Generation Group are looking to join efforts in medium to ...

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Diana Containerships Slashes Q3 Loss

Greek container shipping company Diana Containerships has managed to trim its USD 126.8 million net loss reported ...

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Tomini Shipping Orders Kamsarmax Trio

UAE-based Tomini Shipping, the shipping subsidiary of Tomini Group, has ordered three 82,000 dwt Kamsarmaxes from ...

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