Nakilat Commissions Six New Gas Carrier Builds in S. Korea
Nakilat, a leading Qatari company in liquefied natural gas (LNG) shipping, is significantly expanding its fleet by adding six new gas carriers.
Corporate News
IMarEST Appoints New Chief Executive
The Institute of Marine Engineering, Science & Technology (IMarEST) has officially announced Chris Goldsworthy as new chief executive officer.
Guangzhou Wenchong to Construct Methanol-Powered Vessels
Maersk has selected a shipyard in the southern region of China to construct its upcoming series of vessels powered by methanol.
Italian Liner Company Moves Forward with Liquidation Filing
Kalypso Compagnia di Navigazione, a liner company based in Genoa, has officially initiated the liquidation process.
13-Year Jail Sentence for Former Chinese Shipbuilding Head
Hu Wenming, former chairman of state-owned China Shipbuilding Industry Co (CSIC), has been sentenced to 13 years in prison and fined $700,000.
Wheat Futures Rose After Mine Incident in Ukraine
Wheat futures rose due to incident in Black Sea where a vessel preparing to load grain from Ukraine struck a mine, increasing fears of turbulence
New Horizons: Beks Maneuvers Its Only Newcastlemax Vessel
According to Brokers, the Bekmezci family sold their first and only large cargo ship, a newcastlemax, after having it for a year.
Harim Group Chosen to Acquire HMM
The Harim Group has been chosen by state-owned creditors to acquire a controlling interest in HMM, South Korea's premier shipping company.
IMO Secretary-General Role Given to Arsenio Dominguez Velasco
The appointment of Arsenio Antonio Dominguez Velasco as the secretary-general commencing on January 1, 2024, was officially certified by the IMO.
Port NOLA Renews MoU Agreement with CORBA
On Monday, the Central Ohio River Business Association (CORBA) announced the latest development in its partnership with the Port of New Orleans.
MOL Inaugurates Seafarer Manning Company In Indonesia
Partnership is scheduled to commence operations in April 2024, focusing primarily on supplying seafarers for the MOL Group’s LNG carrier fleet.
FPSO Atlanta: Yinson's Fleet Addition Poised for 2024 Launch
In a grand event at Dubai Drydocks World on December 13, 2023, Yinson Production warmly welcomed the latest jewel in its crown, the FPSO Atlanta.
IMO Commemorative Farewell for Secretary-General Kitack Lim
Resolution entitled "Appreciation of the Services of Mr Kitack Lim" recognizes Mr. Lim's leadership and achievements during his tenure at the IMO
Ocean Carriers Re-enter Charter Market Due to Increased Demand
Anticipation of better-than-expected demand across trade routes leads ocean carriers to re-enter charter market in search of available tonnage.
Havfram Achieves a Deal for German Offshore Wind
Havfram Wind seals contract for work on wind turbine transport and installation on RWE’s 1.6GW offshore wind farm found in the German North Sea.
Largest Global Car Carrier Gets Green Light in Principle
Deltamarin has recently obtained Approval in Principle (AiP) from DNV for their groundbreaking design of an 11,000 CEU pure car and truck carrier
Toyo Secures Deal with VARD for Tailored Hybrid Cable Layer
VARD inks $200 million agreement with Toyo. The contract covers planning and construction of an advanced hybrid cable lay and construction vessel
NYK’s LNG to Ammonia Fuel Tugboat Plan Pushes Forward
Agreement between NYK & Keihin Dock Co., Ltd, a member of the NYK Group, is reached for the modification of a tugboat to ammonia-fuel standards.
Prax Group Acquires New 68 Meter Tanker
The Prax Group of Companies company, Harvest Energy Marine, has announced the acquisition of the Fortuna II, a brand-new tanker.
Karpowership Fails to Overturn Environmental Ruling
After receiving objections from environmentalists over Karpowership's impact on fisheries & ecosystems South Africa rejects original proposal.