Financial Turmoil Hits Leading Shipbuilder in Vietnam
Vietnam shipbuilder SBIC formerly Vinashin, is poised for bankruptcy as numerous attempts to restructure the company have proven unsuccessful.
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Euronav Plans for 120 Low-Carbon Ships Under New CEO Saverys
Alexander Saverys, recently appointed CEO of the tanker giant following a takeover battle, discussed how he views the Euronav fleet evolving.
TFG Marine Supports Fratelli Cosulich’s Methanol Dual-Fuel Tech
The Italian maritime firm Fratelli Cosulich has placed an order for its inaugural methanol dual-fuel chemical bunker tanker.
Fleet Modernization: Frontline Phases Out Five Senior VLCCs
John Fredriksen's maritime enterprise, Frontline, has officially announced the sale of its five most senior Very Large Crude Carriers (VLCCs).
MOL's Game-Changing Investment in Wind Turbine Maintenance
MOL is expanding its commitment to the offshore wind industry through a partnership with Hokutaku, a company specializing in wind turbine maintenance.
ZIM Elevating Container Monitoring with Advanced Tracking Tech
The global container fleet is moving towards enhanced intelligence as ZIM declares investment in tracking devices for its dry van container fleet
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.
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.