U.S. headquartered drybulk shipowner Genco Shipping & Trading Limited said that it has managed to carry out crew rotations on approximately 70% of its fleet in recent months despite various travel and port restrictions imposed due to COVID-19. This has resulted in the completion of crew changes invo
Cash-strapped Korean shipbuilder STX Offshore & Shipbuilding Co has won its first order for this year. The contract involving the construction of three 6,600 ton petrochemical tankers has been signed with a local shipper, Yonhap reported citing an announcement from the yard. The small product tanker
Monaco-based bulker owner and operator Scorpio Bulkers Inc. has signed a Letter of Intent with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Inc (DSME) to construct a wind turbine installation vessel. The total project cost is expected to be approximately $265-$290 million, sub
The governments of Estonia and Latvia have signed a memorandum of understanding to jointly develop an offshore wind farm in the Gulf of Riga, the Baltic Sea. The capacity of the proposed offshore wind farm is up to 1,000 MW and the project is expected to be commissioned by 2030. The wind farm would
Digitalization, big data, and new technologies such as artificial intelligence are key in enabling the post-COVID recovery, IMO Secretary-General Kitack Lim told a webinar on Digital Connectivity and Data Standards. Lim added that the pandemic has affected us all, both socially and economically, and
South Korean shipbuilder Hyundai Mipo Dockyard has entered into a Memorandum of Understanding with compatriot shipper Korea Maritime Transport and the Korean Register to apply the ballast-free concept to 1,800 TEU container ships as a means of fighting marine pollution. Under the MoU, the parties wi
Carbon dioxide emissions from the world’s leading ocean container carriers continued to fall in 2019, according to a new report from Clean Cargo, a collaborative initiative for sustainable cargo shipping managed by Business for Social Responsibility(BSR). Clean Cargo’s aggregate average Trade Lane C
Ship recycling yards in Turkey that are compliant with safety and environmental requirements of the European Union are full until the end of the year, Clarksons Platou Shipbroking said in a report. The report indicated that there is limited space available at the other EU facilities on the Continent
Royal Caribbean Group has purchased the remaining shares of Silversea Cruises, a company specializing in ultra-luxury and expedition cruising. The remaining one-third stake held by Heritage Cruise Holding Ltd. was paid for in the form of 5.2 million shares of Royal Caribbean Group common stock, whic
This year it is not business as usual, however the first signs of change are starting to appear. Last week’s press conference in the Netherlands announced that events can take place again starting from the first of July. This is great news! There will still be some restrictions with regard to the CO
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved SapuraOMV’s plan for the Kanga-1 geophysical and geotechnical site survey offshore Australia.
Papua new Guinea-focused LNG producer Oil Search has slashed its workforce by 34 per cent as it aims to pull through the prolonged period of subdued oil prices.
The Savannah Harbor deepening project, with the main goal to allow today’s larger container vessels to enter and leave the harbor during a longer tide window and with more cargo aboard, is approximately 62 percent complete. The deepening of the Savannah harbor has set a new precedent with four dredg
Norwegian shipmanager OSM Maritime (OSM) will be taking over management responsibility for 37 vessels currently operated by Kristian Gerhard Jebsen Skipsrederi (KGJS). The agreement includes a transfer of business from KGJS to OSM of all technical, crewing and support functions in Bergen, Singapore
