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Norden forms tanker management JV with Synergy Marine Group
Danish shipping company Dampskibsselskabet Norden A/S has established a joint venture with Singapore-based ship manager Synergy Marine Group — Norden Synergy Ship Management (NSSM). Effective 20...
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Misje orders up to 10 eco bulk carriers in Sri Lanka
Misje Eco Bulk AS, part of Norway’s ship owning group Kåre Misje & Co., has ordered up to ten eco bulk carriers from Sri Lanka’s Colombo Dockyard PLC (CDPLC). As informed, the deal encompasses six...
View ArticleITF repatriates fatigued bulker crew after they down their tools in Panama
The International Transport Workers’ Federation (ITF) has managed to repatriate the fatigued crew members of the South Korean-owned bulk carrier Contamines after the seafarers downed their tools after...
View ArticleKlaveness reveals two crew were infected with COVID-19
Klaveness Combination Carriers reported that two crew members on board one of its CABU vessels had been infected with COVID-19 virus. The infection cases were confirmed in July, the company revealed...
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DP World’s Unifeeder buys three Transworld Group businesses
Denmark-based shortsea operator Unifeeder A/S, part of Dubai-based port and terminal operator DP World, has unveiled the acquisition of three businesses of Transworld Group. The deal, subject to...
View ArticleBeware of a good pitch: Separating the hype from substance key to successful...
Illustration; Image courtesy: Allianz/AGCS The shipping industry is faced with a perfect storm. On the one hand, the pressure to decarbonize its operations and cut greenhouse gas (GHG) emissions by...
View ArticleSaudi Arabia bans wash water discharge from open-loop scrubbers
Saudi Ports Authority is the latest port to prohibit discharges of exhaust wash water in its waters from ships fitted with open-loop scrubbers, one of the alternative measures of being compliant with...
View ArticleFuel oil quality survey sheds light on problems faced by owners during...
An industry survey into the transition to using compliant low-sulphur fuel oil since the beginning of 2020 shows that the switch hasn’t been completely pain-free for shipowners as fluctuating fuel oil...
View ArticleDP World’s H1 profit takes a massive hit
Dubai-based port and terminal operator DP World reported a profit attributable to owners of $313 million for the first half of 2020, a decrease of 58.5 % from the last year’s equivalent of $753...
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Smart Decision-Making and Collaborative Alignment
Image courtesy: RISE Written by Mikael Lind, RISE, Hanane Becha, UN/CEFACT, André Simha, MSC, Francois Bottin, CMA CGM, and Steen Erik Larsen, A.P. Moller – Maersk How often do we experience that...
View ArticleGreenpeace: Scuttling Wakashio’s bow would contaminate the ocean
Mauritius’ decision to sink the bow of the broken up bulker Wakashio has been met with fierce criticism from the environmental group Greenpeace. Mauritius National Crisis Committee said on Wednesday...
View ArticleMSC Seashore touches water for the 1st time
The Fincantieri shipyard in Monfalcone, Italy has floated out MSC Seashore, MSC Cruises’ longest ship featuring 339 metres. The shipbuilder said that the vessel has now been moved to a wet dock until...
View ArticleBahri orders 10 chemical tankers from HMD in $410 million deal
Bahri, the world’s largest owner and operator of very large crude oil carriers, has signed an agreement with Hyundai Mipo Dockyard, a member of Hyundai Heavy Industries (HHI) Group, to build ten...
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Final scrubber-fitted VLCC newbuild joins Hunter Tankers’ fleet
Image courtesy: Hunter Group Oslo-listed shipowner Hunter Tankers AS, a wholly-owned subsidiary of Hunter Group ASA, has taken delivery of Hunter Frigg, the seventh scrubber-fitted ECO design VLCC...
View ArticleReport: Somali pirates strike again, hijacking tanker off Horn of Africa
A Panama-flagged chemical tanker has been reportedly attacked by Somali pirates off the Horn of Africa. The incident, which occurred 180 nautical miles southwest of Socotra, would be the first...
View ArticlePerformance Shipping exits containership sector with vessel sale
Greek shipowner Performance Shipping has become a pure play Aframax tanker company as it disposed of the final containership in its fleet. On 19 August 2020, the company signed a memorandum of...
View ArticleGenting Hong Kong suspends all payments to financial creditors
Genting Hong Kong Limited has decided to temporarily suspend all payments to the group’s financial creditors as it works to preserve liquidity during a very tough time for the company suffering from a...
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Port of Kiel eyes autonomous ferry operations with new 5G project
Germany’s city of Kiel announced plans to use the 5G network technology for autonomous ferry shipping operations in the port area. As explained, the new mobile radio standard 5G is expected to enable...
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CMA CGM to take delivery of world’s largest LNG-powered vessel
French shipping group CMA CGM is to take delivery of its first ultra large LNG-powered containership following completion of the vessels’ gas trials. Image: Hudong-Zhonghua The CMA CGM Jacques Saade...
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Containership orderbook drops below 10% threshold for the 1st time in 20 years
The global containership orderbook, seen as a percentage of the world fleet, has dropped to a historic low in July 2020, standing at only 9.4% or 2.21 million TEU, data from Alphaliner shows. This was...
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