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Shipbuilding
India Expands Maritime Fleet for Energy Security
The Shipping Corporation of India (SCI) is set to enhance its MR tanker fleet through a strategic partnership with leading…
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Shipbuilding
Postponed projects sink Fugro’s growth forecast
Dutch surveyor Fugro has announced a significant revision of its financial outlook, indicating that it will not meet its previously…
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Bulk Carrier
Odesa Firm Acquires Ship Amid War Challenges
An Odesa-based shipping company has made a significant move by acquiring its first vessel since the onset of the Ukraine…
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Shipbuilding
Exmar wins LNG FSU contract in Colombia
Exmar has finalized contracts with Regasificadora Del Pacífico (RDP) to deploy a floating storage unit (FSU) on Colombia’s west coast.…
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Shipbuilding
Polaris International Enters Dry Bulk Shipping Market
Polaris International is making a significant move by officially entering the dry bulk shipping sector with the launch of Polaris…
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Decarbonization
U.S. and U.K. Forge Maritime Nuclear Partnership
The Nuclear Energy Maritime Organization (NEMO) has expressed strong support for a new Memorandum of Understanding between the United States…
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Bulk Carrier
Bangladesh Shipping Corporation Secures Historic Ship Purchase
In a groundbreaking move for the maritime industry, the Bangladesh Shipping Corporation (BSC) has announced the procurement of two modern…
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News
NYK, MTI, and Grid Develop and Launch AI-based Car Carrier Allocation System
Nippon Yusen Kabushiki Kaisha (NYK), alongside MTI Co., Ltd. and Grid Co., Ltd., has unveiled an innovative AI-driven system designed…
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Bulk Carrier
Ship Scrapping Rates Plummet Amid Strong Market
Ship owners are holding onto older vessels rather than scrapping them, driven by significant cash flows. According to a recent…
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Bulk Carrier
Global Container Fleet Orders Tilt Toward Alternative Fuels
The container shipping sector is undergoing a significant transformation as it shifts towards cleaner fuel alternatives. Recent data from the…
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