News

In 2018, the Port of Rotterdam saw a decline in bunker volumes which is said to be “a consequence of the increased scale and use of modern vessels in container shipping.” As informed, the sale of bunker oil – fuel for...

Demand for Capesizes is being threatened by high iron ore inventories at Chinese ports and looming uncertainty in the global economy, according to shipping consultancy Drewry. “We believe demand for Capesizes in 2019...

The International Maritime Organization’s (IMO) Hong Kong Convention has received another boost with the accession of the Netherlands. On February 20, 2019, Dick Brus, Directorate for Maritime Affairs of the Netherlands...

Monaco-based dry bulk shipping company Scorpio Bulkers has reached a financing agreement with an unaffiliated third party related to one of its Kamsarmax vessels. Under the deal, the company would dispose of a 2015-built...

Short-sea roll-on/roll-off company CLdN Ro-Ro is expanding its Irish service following the arrival of new build vessels to the fleet. The service is being improved with two Conro-class vessel, according to CLdN. The...

LPG shipping company StealthGas has entered into a small scale joint venture agreement with a third party investor in an effort to further growth its fleet. Under the agreement, the investor acquired a 49.9% interest in...

The Clean Arctic Alliance has called on Member States to remain focused to the goal of developing a ban on the use and carriage of heavy fuel oil by shipping in the Arctic. The alliance released the call ahead of the IMO...

Songa Shipmanagement has underwent a cyber security audit and became the first company to achieve certification by Korean Register (KR). KR said that it has certified the company to be fully compliant in all areas. Songa...

US-based container carrier Matson closed the fourth quarter of 2018 with a considerably lower net income but higher revenues.  For the quarter ended December 31, 2018, net income stood at USD 20.6 million, compared a net...

European shipyards and maritime equipment manufacturers demand from the EU “significant investments” in zero-emission waterborne transport in order to meet the ambitious 2050 maritime strategy and stay ahead of Asian...