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Offshore
United Offshore Support wins contract with Brazil’s CBO
Germany’s United Offshore Support (UOS) has been awarded a two-year contract with the CBO Group – one of the major…
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Tankers
Sonangol splashes $137m on suezmax pair
South Korean yard Hyundai Samho Heavy Industries has won a KRW153bn ($137m) contract from Angola’s state-run oil company Sonangol. The…
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Dry Cargo
Capes party like it’s 2008
Capesize freight rates are firing, propelling the Baltic Dry Index to 10-year highs with capes at their highest seasonal level…
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Environment
MAN roleplays shipping’s potentially imminent fossil fuel-free future
MAN, the giant European manufacturer responsible for nearly one in every two engines in the global merchant fleet, has run…
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Tankers
Euronav contracts Hyundai Samho to build ammonia-ready VLCCs
Belgian tanker giant Euronav has placed orders at Hyundai Samho in South Korea for two firm LNG-ready VLCCs, with an…
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Ports and Logistics
South Africa’s president outlines vision to restore Durban as Africa’s largest boxport
The South African president has outlined plans to restore Durban’s position as Africa’s largest container port. Cyril Ramaphosa has unveiled…
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Environment
New value chain analysis from ABS clarifies the future fuels debate
American class society ABS has published a 76-page lifecycle, or value chain, analysis of the greenhouse gas (GHG) footprint of…
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Containers
CU Lines adds more Asia-Europe sailings
China United Lines’ (CU Lines) foray into Europe appears to have been a success with more voyages scheduled. The company’s…
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Environment
US calls for shipping to have zero emissions by 2050
Shipping has been waiting, expecting environmental legislation to tighten up. The industry was served its marching orders yesterday with John…
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Containers
Boxship charter market smashing records across the board
Red-hot container charter deals are in unknown territory – sealing record high rates for unheard of lengths of time as…
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Shipyards
Q1 ship orders highest since 2008
There’s further evidence of the boom times most of the shipping markets have entered this year with Banchero Costa reporting…
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Environment
UK to include shipping emissions in new round of carbon targets
The UK’s sixth carbon budget will incorporate the country’s share of international aviation and shipping emissions for the first time,…
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Bunkering
Shell trials hydrogen fuel cell on roro in Singapore
Shell will collaborate on a feasibility study to trial the use of hydrogen fuel cells for ships, the first of…
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Environment
As US calls for zero emissions, shipowners urge for quicker implementation of market-based measures
Scrambling yesterday as the United States called for the International Maritime Organization to pursue zero emission targets for shipping by…
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Bunkering
China’s first marine fuel cell celebrates type approval
China Classification Society (CCS) has awarded China’s first certificate of type approval for a marine fuel cell product to Wuhan-based…
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Finance and Insurance
Standard Chartered signs up to the Poseidon Principles
Standard Chartered announced today that it has become a signatory to the Poseidon Principles, a global framework that aims to…
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Tankers
Force majeure declared at Libya’s Hariga port
Libya’s National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it…
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Tech
Hafnia and BW LPG invest in AI shipping platform
Two shipping subsidiaries of Andreas Sohmen-Pao, Hafnia and BW LPG, are lead investors in the latest $6m round of investment…
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Operations
Surging secondhand prices see value of the world fleet surpass $1trn
The value of the global merchant fleet has surpassed $1trn this month on the back of surging secondhand prices in…
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Dry Cargo
Cleaves on dry bulk: buy, buy, buy
Cleaves Securities, the number one shipping analyst in the world according to Bloomberg, issued its quarterly shipping report today and…
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