Capital Product Partners expanding in gas sector
Capital Product Partners will acquire six dual-fuel medium gas carriers (MGCs) and four LCO2 handy multi-gas carriers for $756 million, with expected…
Boluda acquires French tugboat and salvage provider Les Abeilles
Boluda Towage has acquired Les Abeilles International, a provider of emergency response services primarily off the Atlantic and Mediterranean coasts of France.…
Korean yards bag ABS AIPs for MR tanker, VLAC
ABS has AIPs to a 50,000 dwt ammonia-powered MR tanker design proposal from HD Hyundai Mipo, and a midship section and cargo…
Container spot rates expected to continue rising in June
Drewry’s World Container Index (WCI) was up 12% week-on-week on 6 June at $4,716 per feu. Meanwhile the Shanghai Containerized Freight Index (SCFI) on…
PIL launches academy to provide maritime and logistics training
The academy aims to provide smart learning through in-person, hybrid, and online lessons, as well as work environments with a holistic curriculum…
Russia and China Plan JV Shipping Line for Year-Round Service on the NSR
Continuing forward with Russian President Vladimir Putin’s imperative to develop the Northern Sea Route as an alternative means of transporting cargo, Rosatom…
Maritime expertise required as industry specific applications fade out
As a result though the need for maritime expertise in shipboard connectivity is greater than ever, says Tore Morten Olsen, Marlink President…
Yangshan and Salalah top container port efficiency index
The CPPI report by the World Bank and S&P Global Market Intelligence ranks ports by efficiency, focusing on the duration of port…
“Unseaworthy” Bulker Banned from Australia for Three Months
The Australian Maritime Safety Authority (AMSA) reports it has banned its third ship in 2024, this time citing an “unseaworthy” condition for…