North Sea Port Ready to Invest in Hydrogen as Fuel

North Sea Port is looking to invest in hydrogen as marine fuel when time comes.

ICS: International Trade Not a Zero-Sum Game

ships in Singapore

Challenging of the proven benefits of multilateralism in global trade by the U.S. could pose serious threats.

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OSG Expects to Benefit from Improving Market

Tanker

Overseas Shipholding Group (OSG) closed the first nine months of this year with improved earnings.

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NRF: US Retail Imports Remain Strong ahead of Tariff Rise

Containership

Imports at major retail container ports in the US remain at unusually high levels before tariffs increase in January.

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Corpus Christi's New Terminal to Receive 1st LNG Ship

The US Port of Corpus Christi is expected to welcome its first liquefied natural gas (LNG) cargo this week. 

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Transpacific Is the Most Unpredictable Trade at Present

Containership

Drewry: The Transpacific trade – sometimes stop, sometimes go – is currently the most unpredictable container trade.

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Algoma Buys Product Tanker for Domestic Fleet

Tanker

Algoma has purchased a 2008-built product tanker which will become 7th vessel within the Algoma Tankers' fleet.

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Readers' Picks of the Week

Here are the most read stories of last week.

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US: Iranian Tankers Are a Floating Liability

tanker

Hook: Iranian tankers are now a floating liability.

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Chabahar Port Development Exempted from US Sanctions

Donald Trump

U.S. exempted the development of the Chabahar Port in Iran from sanctions on Iran.

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ABS, Partners to Introduce Space Technology to LNG Shipping

LNG carrier

ABS, OceanFinance and Scorpius Space Launch Company (SSLC) are to adapt space technologies developed to LNG shipping.

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BAM Starts Construction on Rio Tinto Terminal Expansion

BAM

The construction works on Rio Tinto Terminal A expansion on behalf of Canada LNG launched.

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NCL Posts Record Earnings, Ups Full Year Outlook

Norwegian Cruise Line vessel

Norwegian Cruise Line reported record quarterly revenue and earnings, and raised expectations for full year 2018.

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Matson Decides to Fit Three More Ships with Scrubbers

Matson

Matson is to equip three vessels with scrubbers as it prepares for the IMO 2020 fuel requirement regulation.

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Philly Shipyard Lays Off 42 Pct of Its Workers

Philly Shipyard

Philly Shipyard cancelled two newbuilds for TOTE Maritime.

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South Korea Largest Long-Distance Importer of US Crude Oil

Tanker

US crude oil exports to China drop to zero for the second month in a row.

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SunStone Orders Third Expedition Cruise Vessel

SunStone expedition cruise vessel

SunStone Ships declared option number two for an X-BOW expedition cruise vessel.

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Eagle Bulk Bondholders Approve Scrubber Amendments

Bulker

Eagle Bulk: Majority of investors vote to approve ShipCo bond amendments to finance more scrubber retrofits.

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Liner Giants, Terminal Operators Join Forces on Blockchain

blockchain consrtium

Nine ocean carrier majors and terminal operators signed to unlock the potential of blockchain.

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ICS: STCW Seafarer Training Regime Needs to Be Revised

Seafarers

The previous major overhaul of the STCW regime was last undertaken by IMO member states over 25 years ago.

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Sunken Sanchi Included in US Sanctions List against Iran

Donald Trump

Sanchi, which sank in January 2018, included in the new U.S. list of sanctioned individuals and entities.

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Aegean Marine Files for Chapter 11

bankruptcy

Aegean Marine files voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.

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Celebrity Edge Delivered, Heads for Florida

Celebrity Edge

Celebrity Cruises has taken delivery of its brand new 117,000 gross ton Celebrity Edge.

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Golar LNG Reaps Fruits of Market Strengthening

FSRU

Amid the improvement in the shipping market, Golar LNG closes Q3 2018 with an increase in net income.

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Matson Delivers Stronger Earnings, Raises 2018 Outlook

Matson

Matson delivered stronger results for the quarter ended September 30, and raised its 2018 outlook.

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Yilport Takes Over Puerto Quetzal's Multi-Purpose Ops

Port

Yilport adds a 55 percent share in Guatemala's largest Pacific Ocean port, Puerto Quetzal, to its terminal portfolio.

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U.S. Sanctions against Iran to Drive Tanker Rate Increases

Donald Trump

Sanctions against Iran contribute to the increase in tanker rates.

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Monjasa Finds New US Banking Partner

Tanker

Monjasa unveils a new credit agreement in the US on the back of positive sales volume developments across the Americas.

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