London Sees Founding of Nuclear Energy Maritime Organization
The push for nuclear power's expansion into maritime uses is gaining momentum with the formation of the Nuclear Energy Maritime Organization in London.
Shipping
Robust Secondhand Market Aids Safe Bulkers Sale of Two Ships
Safe Bulkers progresses with fleet renewal strategy and capitalizes on increasing prices by selling two of its vessels in separate transactions.
Shuttle Tanker Newbuild Order in South Korea by TEN
Tsakos Energy Navigation, a Greek shipping firm, has again chosen Samsung Heavy Industries for the construction of additional shuttle tankers.
Volkswagen Sued by Allianz & MOL Over Felicity Ace Sinking
Owner of the Felicity Ace and its insurance provider have initiated legal action against Volkswagen, attributing her sinking to the car manufacturer
MoU for Digi Shipping Corridor Signed by Australia, Singapore
Singapore & Australia enter into MoU to jointly work on the development of the Singapore-Australia Green and Digital Shipping Corridor (GDSC).
Engine Failure Results in 6-Day Towing for Boxship
MSC KATYAYNI experienced engine failure and required towing over a span of six days from a location approx. 300 nautical miles off Vigo, Spain.
Doubled Market Share for Non-Alliance Liners
Presence of independent shipping lines in the Asia-Europe trade route has seen a significant increase, with market share doubling within a year.
Sanctions Intel Added to Platform by RightShip
The ship vetting service RightShip is enhancing its offering by providing its users with critical information on sanctioned entities and vessels.
Hafnia Repurchases Five of its Vessels
Singapore's BW Group subsidiary, Hafnia, announces repurchase of several vessels following a record-breaking profit year, the 2nd in succession.
More Containerships Sold by Capital Product Partners
Capital Product Partners is continuing to divest its containership assets as part of its strategic pivot towards specializing in LNG carrier ops
Houthis Increasing Grip on Shipping in Red Sea
Following their initial successful attack on a vessel, Houthis have declared any ship entering their territorial waters must secure a permit.
Nike & CMA CGM Collaborate on Biofuel Trial
The sportswear behemoth Nike has entered into an agreement with the French shipping company CMA CGM to employ eco-friendly biofuel.
$400M Fairfield Acquisition Sees MOLCT Increase Tanker Fleet
MOL Chemical Tankers (MOLCT), an entity fully owned by Mitsui O.S.K. Lines (MOL), has finalized its purchase of Fairfield Chemical Carriers.
Norwegian VLCC Sale Sets New Yardstick
The transaction involving a VLCC under the Norwegian flag has established a fresh high point, reflecting the ongoing rise in tanker asset prices.
Initial VLCC Orders Confirmed by Trafigura
Trafigura is tackling the scarcity of contemporary supertanker capacity by venturing into the construction of its very first VLCCs.
New Order of Two Newcastlemaxes from Berge Bulk in China
CSSC Qingdao Beihai Shipbuilding, recognized as the premier builder of newcastlemax vessels has secured an order for two ammonia-ready bulkers.
One More Handy Bulker Offloaded by Grindrod
Grindrod Shipping is proceeding with its strategy to offload ships, announcing the sale of another handysize vessel from its fleet.
Initial Failure of Genco's Sale of Two Capesize Vessels
Genco Shipping & Trading, a US-listed operator of bulk carriers, has not succeeded in its initial attempt to finalize sale of 2 capesize vessels.
Joint Venture Formed in Vietnam by Thailand's Mermaid Maritime
Mermaid Maritime of Thailand, through its subsea services division, has formed a joint venture in Vietnam with local provider, Tan Cang Offshore.
Record Levels of Sales Seen by Newcastlemax Vessels
Large bulk carriers are earning significant profits, with the frequency of transactions involving these ships reaching high levels.