Asian refiners' profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said…
Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but is currently planned as follows: Hamburg…
Classification society ABS reports it has scheduled its 100th Inventory of Hazardous Materials (IHM) Certification for Seaspan Ship Management, 98% of which are remote surveys.ABS says it is on course to ultimately certify more than 100 vessels…
The number of oil tankers passing through the Suez Canal in October has declined sharply, down 27% for the month year-on-year amid persisting subdued demand for oil transport since the April crash in oil prices that fueled high demand for oil tankers…
One Norwegian shipyard has opted to focus on ship repair and service versus newbuild -- and downsize too -- to ride out COVID-19 and its impact on the world economy.New Havyard Ship Technology announced that it will restructure its operations…
Bernhard Schulte Shipmanagement (BSM) said Wednesday it has received DNV GL class approval to offer the Liquified Cargo Operations (LICOS) training course remotely via its Maritime Training Centre (MTC) in Cyprus. The maritime solutions provider…
The maritime industry is undergoing a massive shift as vessels transform into sophisticated sensor hubs, generating data and connecting through satellites in an expanding interconnected web. To enable the uptake of these systems and unlock the associated efficiencies…
Citing a spike in second-wave COVID-19 infection numbers SMM, where the world meets in Hamburg every two years for the latest updates on shipbuilding and ship machinery technology, has opted to take the event planned for February 2021 digital…
Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex…
The Baltic Exchange's main sea freight index fell to a more than four-month low on Tuesday as weak demand from China dragged down vessel rates across all segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
Thailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.“After a positive surprise in September’s shipments…
P&I insurer The Shipowners' Club announced it has appointed its chief information officer, Mark Hamblin, to its management board.Hamblin’s appointment comes after eight years working for the club, in which time he has become integral to the successful IT function…
The U.S. Army Corps of Engineers will soon begin work on two important maintenance projects at Port Everglades in Fort Lauderdale, Fla. Port officials say they do not foresee any interruption of services during the construction. The South Jetty…
William A. O’Neil, Secretary-General Emeritus of the International Maritime Organization (IMO), has died in the United Kingdom, aged 93.O’Neil was elected Secretary-General of the IMO for a first term of Office beginning in 1990, a second term beginning in 1994…
In a number of instances, charterers in the dry bulk sector have been preventing much needed crew changes from taking place during the period of the charter, despite the ship owner agreeing to accept the associated costs, says INTERCARGO, the…