• Sovcomflot closes in on $500m Moscow IPO
    Sovocmflot, Russia’s largest shipowner, has floated the idea of listing on the Moscow Exchange again. The state-run company has long toyed with pushing ahead with an initial public offering with the Putin administration keen to raise funds by privatising many state-owned companies. Reuters is reporting that Sovcomflot is now ... read more NewsPublished on 16.09.2020By Sam Chambers
  • Maersk bolsters Vancouver’s hub ambitions
    Canadian Pacific Railway and Maersk have reached an agreement to build and operate a transload and distribution facility in Vancouver. The CP transload facility will be an expansion of CP’s existing Vancouver Intermodal Facility and thus will benefit from turnkey rail infrastructure. “CP’s unique landholdings in Vancouver enable us ... read more NewsPublished on 16.09.2020By Sam Chambers
  • Congestion surcharges mount as strikes roll across Australian ports
    Lobby group Shipping Australia has announced its support to DP World Australia’s application to the Fair Work Commission to terminate industrial action at terminals across the country on the grounds that the action threatens to cause significant damage to the Australian economy and to New South Wales. Strikes have ... read more NewsPublished on 16.09.2020By Jason Jiang
  • Indian shipbreaking yards set to suspend operations due to oxygen shortage
    Indian shipbreaking yards have been forced to suspend operations as the country is facing a shortage of oxygen supplies due to a recent surge in Covid-19 cases. The number of coronavirus infections in India has crossed the 5m mark with over 90,000 new cases reported on Tuesday. There has ... read more NewsPublished on 16.09.2020By Jason Jiang
  • Seably: Democraticising maritime training
    Maritime training resources have consolidated dramatically in recent years with many brands being bought out, limiting choice for shipmanagers and shipowners. Keen to democratise the process and eyeing a space in the ‘new normal’ for training in the post-Covid era, a Swedish start-up, Seably, owned by the Swedish Shipping ... read more NewsPublished on 16.09.2020By Splash
  • Mayflower launch gets ship tech community buzzing
    Ocean research non-profit ProMare and American tech giant IBM today launch the high-profile Mayflower Autonomous Ship (MAS) – an artificial intelligence and solar-powered marine research vessel which will traverse oceans gathering environmental data. The vessel is named after a pioneering ship which crossed the Atlantic in the 17th century. ... read more NewsPublished on 16.09.2020By Sam Chambers
  • Deadline approaches for Captain’s Table entries
    There’s just five days to go to submit entries to The Captain’s Table, the Hong Kong-based global maritime start-up pitch competition. Applications have already arrived from four continents for the unique tech contest with a cash prize of $20,000 on offer for the winner. Despite the constraints of Covid-19 ... read more NewsPublished on 16.09.2020By Sam Chambers
  • Thousands mobilise in bid to try and save the 40 missing men from the Gulf Livestock 1
    Thousands of people around the world are joining together to get more nations involved in the search operation for the missing 40 crew from the , which sank in the East China Sea off southern Japan 13 days ago. The Japan Coast Guard is still engaged in the search ... read more NewsPublished on 15.09.2020By Sam Chambers
  • Transport groups collaborate to improve container safety
    Five international freight transport and cargo handling organisations are collaborating on the production of new guidance on packing standards for freight containers and other cargo transport units. The Container Owners Association, the Global Shippers Forum, the International Cargo Handling Co-ordination Association, the TT Club and the World Shipping Council ... read more NewsPublished on 15.09.2020By Sam Chambers
  • Ship design simulation breakthrough gives owners unprecedented carbon footprint details
    Shipowners will soon have a far better idea of their newbuild’s carbon footprint at the design stage thanks to a pioneering project from class society ABS and Korean shipbuilding major, Hyundai Heavy Industries (HHI). The pair have completed a joint development project (JDP) to build multi-physics simulations capable of ... read more NewsPublished on 15.09.2020By Sam Chambers
  • Hafnia bets on methanol
    Hafina, the Michael Skov-led product tanker arm of the BW Group, is investing in a methanol production facility. Hafnia has come onboard for a $10m joint venture with Northwest Innovation Works (NWIW) at the port of Kalama in Washington state in what it states in a release is its ... read more NewsPublished on 15.09.2020By Sam Chambers
  • MSC’s secondhand splurge continues
    Mediterranean Shipping Co (MSC) is busy scouring the market for secondhand tonnage. Brokers Braemar ACM link the Aponte family controlled liner with the acquisition for $10.5m of the 20-year-old, 5,456 teu, German-built . The marks the third change of hands for the vessel this year. SM Lines of South ... read more NewsPublished on 15.09.2020By Sam Chambers
  • China Mingsheng Trust orders first ships
    Multiple broker reports note that a famous name in Chinese leasing has ordered its first newbuilds. China Mingsheng Trust has placed an order at Chengxi Shipyard for a series of four firm SDARI design 82,000 dwt kamsarmax bulk carriers. The ship order for wide beam and shallow draft vessels ... read more NewsPublished on 15.09.2020By Sam Chambers
  • OHT wins another Dogger Bank contract
    Having already won the contract for the transport and installation of foundations at Dogger Bank A, Norwegian heavylift shipping specialist OHT has sealed a contract for Dogger Bank B. The project will see OHT’s specialist newbuild vessel Alfa Lift transport and install all monopile foundations and transition pieces for ... read more NewsPublished on 15.09.2020By Grant Rowles
  • Solstad Offshore takes a step towards carbon neutral target
    Norwegian OSV operator Solstad Offshore has entered into a cooperation agreement with Westcon Power & Automation, a provider of hybrid and fully electric solutions, to develop environmental and sustainable technologies for its fleet. According to the company, it has installed green battery hybrid packages onboard seven vessels and facilitated ... read more NewsPublished on 15.09.2020By Jason Jiang
  • Seadrill buys out Mermaid Maritime to take full control of Asia Offshore Drilling
    John Fredriksen’s Seadrill has agreed a deal to buy out Thailand’s Mermaid Maritime to take full control of Asia Offshore Drilling. The joint venture owns three jackup rigs, and Seadrill is paying $31m to acquire the Thai company’s 33.76% stake. Following completion of the deal, set for later this ... read more NewsPublished on 15.09.2020By Grant Rowles
  • The cyber imperative: a vessel as one digital ecosystem
    Shipowners must prepare for compliance with IMO 2021 and look beyond it to the demands of increasingly digitalised, smarter shipping industry, writes Tore Morten Olsen from Marlink. The shipping industry is on a voyage to a new horizon, this time it is digital. We are already in the era ... read more NewsPublished on 14.09.2020By Splash
  • Hong Kong Maritime Week cancelled
    The last sizeable physical maritime event of the year has fallen prey to Covid-19 with news from China where Hong Kong Maritime Week has been cancelled. Scheduled from November 15 to 21, the week was planned to carry more than 30 shipping-related gatherings.  This year has been a dire ... read more NewsPublished on 14.09.2020By Sam Chambers
  • Records tumble for box spot rates across the world
    The remarkable bull-run seen in container spot rates is creating records across the seven seas, and spooking regulators.  Analysts at Copenhagen-based Sea-Intelligence report that five out of the nine deepsea trades measured by the Shanghai Containerised Freight Index (SCFI) spot rates show records with other tradelanes approaching record territory, ... read more NewsPublished on 14.09.2020By Sam Chambers
  • Chinese authorities move to regulate transpacific pricing
    Chinese transport authorities have intervened to regulate the record container freight rate surge seen on the transpacific. According to market sources, the Ministry of Transport held a meeting with senior officials from major containerlines last week, demanding to normalise pricing and deploy more capacity to North America. Splash understands ... read more NewsPublished on 14.09.2020By Jason Jiang
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