Shipping

3 Jan 2024

IMarEST Appoints New Chief Executive

The Institute of Marine Engineering, Science & Technology (IMarEST) has officially announced Chris Goldsworthy as new chief executive officer.

IMarEST Appoints New Chief Executive
2 Jan 2024

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.

Guangzhou Wenchong to Construct Methanol-Powered Vessels
2 Jan 2024

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.

13-Year Jail Sentence for Former Chinese Shipbuilding Head
31 Dec 2023

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

Wheat Futures Rose After Mine Incident in Ukraine
29 Dec 2023

Red Sea Route Changes: Higher Costs, More Delays

Major suppliers for global retailers such as IKEA & Amazon are adjusting shipping routes, marking the most significant disruption since COVID

Red Sea Route Changes: Higher Costs, More Delays
22 Dec 2023

Zodiac Maritime Explores Potential of Nuclear-Powered Ships

Zodiac Maritime is collaborating with KEPCO E&C, HD KSOE and Lloyd's Register of South Korea to create plans for ships powered by nuclear energy.

Zodiac Maritime Explores Potential of Nuclear-Powered Ships
22 Dec 2023

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.

New Horizons: Beks Maneuvers Its Only Newcastlemax Vessel
22 Dec 2023

Louis Dreyfus Prepares Juice Ship for Suction Sails

In a significant move, the Louis Dreyfus Company, has chosen to equip its leased juice transport vessel with four innovative suction sails.

Louis Dreyfus Prepares Juice Ship for Suction Sails
22 Dec 2023

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.

Harim Group Chosen to Acquire HMM
20 Dec 2023

Bulk Carrier Hijacked Off Somalia Coast

Off the Somalian coast, commercial vessel remains hijacked by group of unknown assailants, significantly raising fears of persisting instability.

Bulk Carrier Hijacked Off Somalia Coast
19 Dec 2023

Panama Canal to Increase Daily Transits Next Month

Starting from January, the Panama Canal Authority will increase daily transits to 24, following consistent rain over the last 6-week period.

Panama Canal to Increase Daily Transits Next Month
18 Dec 2023

Egypt: 55 Vessel Diversions Since Nov Amid Growing Strains

The Suez Canal Authority of Egypt disclosed that they are vigilantly observing the repercussions of escalating tensions in the Red Sea.

Egypt: 55 Vessel Diversions Since Nov Amid Growing Strains
17 Dec 2023

Christening Ceremony for 3 Towboats at Middle River Marine

Middle River Marine, based in Mokena, Illinois, added three towboats—namely, the M/V Carmalee Rose, Macey Lauren, and Ava Renee—to its fleet.

Christening Ceremony for 3 Towboats at Middle River Marine
15 Dec 2023

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.

FPSO Atlanta: Yinson's Fleet Addition Poised for 2024 Launch
15 Dec 2023

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

IMO Commemorative Farewell for Secretary-General Kitack Lim