Tag: shipping

April 25, 2024

After a break of more than two weeks, the Houthis from Yemen struck back at ships yesterday. The militants took aim at the Maersk Yorktown and an American destroyer in the Gulf of Aden, as well as firing at the […]

April 23, 2024

Universal Transit, a groundbreaking company founded by three innovative friends in New Jersey in 2020, is on a mission to revolutionize the auto transportation sector. With aspirations to raise $1.2 million through regulation crowdfunding (Reg CF) on Republic, this startup […]

April 18, 2024

In line with the goals of the International Maritime Organization (IMO) and international energy and climate targets, the MPA and IEA will collaborate to advance the development and transition to zero and near-zero emission fuels, technologies that support maritime decarbonization, […]

April 17, 2024

According to Sea Machines, the company’s first turnkey autonomous vessel SELKIE will be deployed for hydrographic surveying, offshore asset inspection, security operations, and environmental studies. The first model was named SELKIE 7, a seven-meter-long USV powered by the company’s SM300 […]

April 12, 2024

The modern supply chain is a complex dance, with information flowing between numerous functions and disparate systems. Yet, all too often, this choreography is hampered by fragmented data trapped in silos, impeding visibility and hindering efficiency. To achieve true unification […]

April 10, 2024

Singapore-registered vessels will be required to contribute a significant €330 million (US$355 million)m share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade […]

April 9, 2024

The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. According to data […]

April 5, 2024

The landmark agreement was signed with the Port of Antwerp-Bruges, the Port of Tallinn, the Port of Helsinki, the Port of HaminaKotka, Freeport of Riga and Klaipeda Port. Through this MOU, X-Press Feeders and the participating ports will pool resources […]

April 3, 2024

Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year. The Freightos Baltic Daily Index spot rate for […]

April 1, 2024

The launch event was held on March 27, 2024, at the Clifford Pier, and according to Pyxis, was attended by 300 guests, including representatives from Maritime and Port Authority of Singapore (MPA). MPA congratulated Pyxis on its social media, noting […]

March 28, 2024

The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua Shipbuilding on March 4. This carrier is of the second series in the LNG Phase III project of COSCO and PetroChina, part of […]

March 25, 2024

This marks a step forward in the legal process towards adopting global regulations, referred to as “mid-term GHG reduction measures”, that will help achieve the targets contained in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. […]

March 21, 2024

As informed, the ceremony took place at Meyer Werft’s yard on March 20. The ship Disney Destiny is the sister ship of Disney Treasure, which is also under construction, and Disney Wish, which was launched in 2022. Philip Gennotte, Portfolio […]

March 19, 2024

A key partner in the €24.5 million round is French boat maker Groupe Beneteau. As explained, the new investment round will help to scale up production to meet demand for the recently launched Candela P-12, described as the world’s first […]

March 15, 2024

Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstein Twin X-Stern, a smart power and propulsion system developed to minimize energy consumption during DP operations and an integrated energy […]

March 14, 2024

Alack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (www.best-oasis.com), said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey showcased varied dynamics. India’s […]

March 12, 2024

The product tanker market could see a rebalancing, as a result of shift in gasoline flows. In its latest weekly report, shipbroker Intermodal said that “the global gasoline market is in flux as major producers take steps to manage supply […]

March 11, 2024

The tanker market could be set for another shift, if Russia’s oil exports force buyers in China and India to look elsewhere. In its latest weekly report, shipbroker Gibson said that “with OPEC+ set to roll over existing production cuts […]

March 8, 2024

The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data provided to Splash shows that the number of vessel-related sanctions has leapt by 380% in the 2020s so far. Splash […]

March 7, 2024

Marsh McLennan, the major global professional services firm specializing in risk, strategy, and human capital, has collaborated with the Ukrainian government and Lloyd’s to announce a significant expansion of its Unity insurance facility. This expansion entails the provision of affordable […]