Maersk Tankers acquires Penfield Marine
MAERSK Tankers has acquired Penfield Marine, a US-based pool operator. The combined company is to manage about 240 vessels, including about 45 vessels owned by affiliated...
OPINION: A strategy to eliminate piracy
PIRACY is flourishing in the Red Sea, Gulf of Aden and the Indian Ocean off Somalia – the RSGAI area – because leaders of countries who could prevent such activity are looking for...
New IMO Secretary-General announces senior team
INTERNATIONAL Maritime Organization Secretary-General Arsenio Dominguez has announced his leadership team a week after taking up the top job. In his new year message, Mr Dominguez...
Approval in principle for ammonia FSRU
CLASSNK has awarded Mitsui O.S.K. Lines an approval in principle for a design of a floating storage and regasification unit for ammonia. MOL and Mitsubishi Shipbuilding jointly...
Attacks and disruptions continue in Red Sea
MAERSK has warned of “significant disruption to the global network” as it suspends all transits through the Red Sea and Gulf of Aden following an attack on a Maersk ship. The...
Provaris engages DNV for hydrogen carrier project
ASX-LISTED energy company Provaris has engaged classification society DNV to review the design of Provaris’ H2Neo hydrogen carriers. DNV will look at Provaris’ hydrogen cargo...
Höegh partners for biofuel
HÖEGH Autoliners and Varo Energy have joined together in a strategic partnership to advance maritime decarbonisation. The collaboration focuses on supplying 100% advanced biofuels...
Freight rates spike as Red Sea shipping disruptions surge
ANALYSTS have reported a 20% spike in spot rates in the ocean-freight shipping market in less than a week, after major shipping lines announced they would steer clear of the Red...
Svitzer takes delivery of new tug
GLOBAL towage operator Svitzer has taken delivery of the Svitzer Estelle. The tug is a new-build Robert Allen-designed RAstar 3200W and will be deployed on the River Thames and...
IMO publishes onshore power supply resource
THE INTERNATIONAL Maritime Organization has published a workshop package on onshore power supply (OPS). The package is for use by port stakeholders and explains how ports can use...
Multinational security operation launched in Red Sea
THE UNITED States has set up a multinational security initiative to address the security threat against ships in the Red Sea. Operation Prosperity Guardian aims to ensure freedom...
Police prevent 49 tonnes of illicit drugs from being smuggled to Australia
THE AUSTRALIAN Federal Police and its partners have prevented up to 49 tonnes of illicit drugs from entering the country during joint operations and investigations over the past...
Miners, BIMCO outline progress on trade digitalisation
FOUR major mining companies, together with international shipowners association BIMCO, have published a position paper that proposes ways to accelerate the adoption of digital...
Red Sea traffic rerouted after more attacks on ships
SHIPPING companies are rerouting vessel traffic away from the Suez Canal and the Red Sea following more attacks on commercial ships. There has been a surge in attacks since...
World Container Index inches up
THE DREWRY World Container Index increased this past week by 4$ to $1521 per 40-foot container. The composite index has dropped by 28% when compared with the same week last year....
