Shipping’s Decarbonization Will Need Major R&D Investment

Collaboration and investment in technology development key for meeting IMO's targets

Piracy Attacks off East Africa Doubled in 2017

The number of piracy incidents doubled off the coast of East Africa in 2017 compared to 2016.

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ALLIED: Current Trends a Hurdle to Tanker Earnings Recovery

The recovery for the tanker market in terms of earnings could prove to be a long and arduous journey.

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Spotted: 1st LNG Bunkering of Fure Vinga in Europe

On May 19, 2018, the newbuild chemical tanker Fure Vinga bunkered LNG for the first time in Europe.

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ClearOcean Tankers Enters Market with Order for 6 Tankers

Gunvor Group, Oceangold Tankers and Maas Capital form a new ship holding company.

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Shipping Dodges a Bullet as US and China Bury the Hatchet

The United States and China burry the hatchet and pledge to stop the trade war.

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Nisshin Shipping Boosts Ultramax Order at Nantong Xiangyu

Nantong Xiangyu

Nisshin Shipping has reportedly ordered six Ultramaxes at Nantong Xiangyu Shipbuilding and Offshore Engineering.

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IMO MSC Approves New Ship Routes in Kattegat, Skagerrak

The IMO MSC has approved a joint Danish-Swedish proposal for new ship routes in Kattegat and Skagerrak.

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GoodBulk Bets on Capesize Market Rebound

GoodBulk dry bulker

GoodBulk wrapped up the first quarter of 2018 in the black with a net profit of USD 9 million.

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Diana Offloads Another Containership

MV Puelo

Diana Containerships selling another ship to cover the debt.

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ICS Fears 'Sulphur Cap Chaos' in 2020

ICS fears 'sulphur cap chaos' unless IMO resolves issues concerning its succesful implementation.

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PCTC Catches Fire at Incheon Port

A fire broke out on a Panama-flagged PCTC anchored at Korean Incheon Port, Yonhap News Agency reported. 

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Tallink Cuts Net Loss in Q1 2018

Tallink Grupp ended the first quarter of this year with a narrowed net loss year over year. 

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Weak Tanker Market Hurts Sovcomflot's Earnings

Driven by low freight rates in tanker sectors, PAO Sovcomflot ended the first quarter of this year in loss.

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Grimaldi Christens New PCTC in Halifax

Grande Halifax, a PCTC owned and operated by Italian Grimaldi Group, has been christened in Halifax, Nova Scotia.

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Tim Nolan Taking the Reins of TOTE

TOTE Maritime logo

Tim Nolan has been named the next President and CEO of TOTE Inc., the parent company to TOTE Maritime and TOTE ...

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Novatek Forms Its Own Shipping Company

christophe de margerie

Russian LNG producer PAO Novatek to set up a shipping subsidiary.

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Readers' Picks of the Week

Take a look at last week's most popular articles.

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ITF: Abandoned Qaaswa Crew Returns Home after 11 Months

ITF: The crew of the abandoned tanker Qaaswa finally returned home after spending almost a year off Tunisia.

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J. Lauritzen Hires Additional Bulk Carriers

J. Lauritzen charters additional bulkers as it expects dry cargo market improvements.

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EC Adopts Proposal to Simplify Ship Reporting

The European Commission adopts a proposal aimed at simplifying ship reporting requirements.

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Third CMA CGM Saver Handed Over to Seaspan

CMA CGM vessel

Seaspan has taken delivery of a new 10,000 TEU SAVER design containership, CMA CGM Mumbai.

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UK: Digital Growth Could Shape the Port of the Future

Port of Southampton, UK

UKMPG: Developments in digital and augmentation/automation areas to transform competitiveness at UK ports.

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Canada Introduces New Measures within Oceans Protection Plan

Canadian gov't introduces new measures to help protect Canada's waters and coastlines.

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Eniram Inks MoU to Participate in Project Forward Initiative

Eniram, part of Wärtsilä, signs MoU with Arista Shipping to join the Project Forward initiative.

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TORM's Profit Dwindles due to Weaker Rates

TORM vessel

Denmark's TORM saw its earnings drop in the first quarter of the year, driven by weak freight rates.

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ITF, UAE Sign Deal to Protect Seafarers in UAE Waters

ITF and UAE Federal Transport Authority agree to jointly protect the rights of all seafarers operating in UAE waters.

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MAN Joins SEALNG Coalition

Wes Amelie containership

Germany's MAN Diesel & Turbo (MAN) has joined the multi-sector industry coalition SEA\LNG.

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