Latest News - page 353

 

Stena Line Bolsters its Baltic Sea Fleet

Jun 29, 2021

Stena Line is strengthening its position and expanding services in the Baltic Sea Region, by deploying two new ferries on the route between Ventspils in Latvia and Nynäshamn in Sweden this year. The first of the two vessels, Stena Scandica…

Wilson Sons Eyes Opportunities in Gas

Jun 29, 2021

A new gas law in Brazil aims to see liquefied natural gas (LNG) will have a relevant role in the national market, a move that could drive new opportunties on the waterfront.Wilson Sons, the largest operator of maritime and port logistics in the Brazilian market…

Shipping Insurance Data and Collaboration

Jun 28, 2021

The use of data and technology in the marine insurance industry has taken great forward steps in the last decade. In an industry often portrayed as being more comfortable with tradition rather than disruption, there is a realization that the…

Baltic Dry Index Hits 11-year High

Jun 28, 2021

Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…

In Ship Recycling, it's "Tanker Time"

Jun 27, 2021

The ship recycling markets continues to perform well, according to GMS. The supply of tonnage remains primarily focused on wet and offshore units – particularly OSVs, FSUs, Aframax tankers, MRs and smaller bunkering tankers.In particular Pakistan…

Ship Recycling Prices, Activity Remain at Historic Highs, say GMS CEO

Jun 25, 2021

Dr. Anil Sharma, CEO and founder of GMS, is a dominate player in the world’s ship recycling business. MR TV caught up with him in late June 2021 for insights on the pace and direction of ship recycling activity and pricing.Dr. Sharma, to start…

Future Fuels: Stena Germanica makes run on 'Blue Methanol'

Jun 25, 2021

In 2015 Stena Line converted the 240-m Stena Germanica to become the world’s first methanol powered ferry. Fast forward six years and the Swedish ferry company has achieved another world first, powering Stena Germanica with methanol recycled…

COSCO, Dalian Exchange Ink Pact on Shipping Futures

Jun 24, 2021

China's COSCO Shipping Group and the Dalian Commodity Exchange (DCE) have signed an agreement to jointly work on developing shipping derivatives such as container capacity futures, according to an article posted by the bourse on Thursday.China's…

Shipbuilding Numbers Stay Suppressed; Containerships Remain a Bright Spot

Jun 24, 2021

The world fleet is projected to grow by 6.4% over the coming five years, down from 7.4% in previous five years, says shipping organization BIMCO.Global shipyards are under pressure and 2021 is turning out to bring the third lowest level of newbuilding orders in 12 years…

China Crude Processing Spikes to All-time High

Jun 24, 2021

Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…

15 Companies make the cut in PortXL Maritime Acceleration Program

Jun 24, 2021

Fifteen companies from 11 countries were selected by a panel of industry experts, investors and entrepreneurs for the 6th PortXL acceleration program in Rotterdam. Starting in September, they will spend three months in Rotterdam. The PortXL…

Shipbuilding; NSRP Elects New Officers

Jun 24, 2021

The National Shipbuilding Research Program (NSRP) has announced the election of new officers to its Executive Control Board (ECB).Tom Perrine, Vice President of Engineering at Austal USA in Mobile, Ala. has been elected as ECB Chair for a two-year term…

S.Africa to Revamp Ailing Port System

Jun 22, 2021

South Africa's National Ports Authority (NPA) will operate as a stand alone business under the aegis of state-owned freight logistics group Transnet, President Cyril Ramaphosa said on Tuesday, as the country tries to overhaul some of the world's worst-performing ports…

MPC Container Ships to Acquire Songa Container

Jun 22, 2021

MPC Container Ships ASA (MPCC) announced it has reached a deal to acquire fellow Norwegian-based container shipping company Songa Container AS for $210.25 million on a debt and cash free basis. The transaction is expected to be completed by the end of July 2021…

Mathiesen Joins VIKAND

Jun 22, 2021

Maritime medical operations and public health provider VIKAND Solutions announced the appointment of Agnes Mathiesen as Healthcare Solutions Integrator of VIKAND Direct for commercial shipping, effective immediately.Len Quist, VIKAND Senior Vice President and General Manager…

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