Sector
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NYK contracts second LNG-fuelled PCTC
Japan’s Nippon Yusen Kaisha (NYK) has concluded a contract with Shin Kurushima Dockyard to build a second LNG-fuelled pure car…
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Bernhard Schulte Shipmanagement: Artificial intelligence and shipmanagement
Expect to hear and see plenty about Bernhard Schulte Shipmanagement’s novel apps it will be launching later this year. The…
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Navigare acquires Niledutch boxship
Danish investment firm Navigare Capital Partners has acquired the 2015-built 3,500 teu containership from Dutch owner Niledutch. The company has…
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Worley appoints new CEO
Australian offshore engineering company Worley has announced the appointment of Chris Ashton as its new chief executive officer and managing…
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China’s Belt Road Initiative – consolidation or dislocation?
There has been ongoing commentary that China’s BRI is about to collapse as it was ill conceived and planned. After…
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Markets take a coronavirus battering
On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index…
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Shipping bodies respond to black carbon claims
A host of shipping bodies have replied in an open letter to the Clean Arctic Alliance in an ongoing spat…
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US lifts sanctions on Cosco tanker unit
The US government has lifted sanctions against a tanker unit of Cosco, China’s state-run shipping conglomerate, partially reversing its punishment…
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Japan renews shipbuilding spat with Korea at the WTO
Japan has reignited its shipbuilding beef with neighbour South Korea, filing dispute proceedings at the World Trade Organisation (WTO) over…
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Operational agility in the 2020s demands blended connectivity
A new report from Futurenautics and Vodafone published this week shows that 90% of shipboard data never leaves the vessel,…
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Toll Group shuts down several systems after suspected cyber attack
Australian transport and logistics company Toll Group has had to shut down a number of systems in response to a…
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JP Morgan snaps up MR tanker pair from Top Ships
JP Morgan Global Maritime, the shipowning unit of US investment bank JP Morgan, has acquired two 2018-built MR tankers from…
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ADNOC trials biofuel on its OSVs
Abu Dhabi National Oil Company (ADNOC) has said it will trial biofuel on its ships. “We’re studying with one of…
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Brazilian authorities charge ex-Sembcorp Marine employee and consultant
Singapore’s Sembcorp Marine has announced that Brazilian authorities have filed charges against the former president of the company’s subsidiary Estaleiro…
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Coronavirus: Chinese ports grind to a halt while yards declare force majeure
Agents and brokers are reporting operations are slowing down at Chinese ports and shipyards as the coronavirus takes its toll…
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Baltic Capesize Index hits record low, closing on just one point
The Baltic Capesize Index hit a record low yesterday, dropping 92 points, or 98.9%, to finish on just one point…
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London Offshore Consultants suffers ransomware attack
UK marine engineering consultancy London Offshore Consultants (LOC) Group has been hacked by a group known as Maze. The company,…
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MOL details restructuring measures
Japan’s largest shipping company by fleet size and revenues, Mitsui OSK Lines (MOL), has announced a restructuring today. Effective April…
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India takes action on fake seafarer certificates
India’s Directorate-General of Shipping has declared a one-off amnesty scheme for 3,762 seafarers it has found obtained fake certificates from…
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First credit insurer signs up to the Poseidon Principles
State-run Bpifrance, through its subsidiary Bpifrance Assurance Export, the French export credit agency, has become the first credit insurer to…
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