Kongsberg Digital teams up with Smart Ship© Hub
Kongsberg Digital will integrate its Vessel Insight system with Smart Ship Hub’s platform to boost vessel and voyage performance, machinery condition monitoring, predictive diagnostics, and overall health management. Smart Ship Hub, a Singapore-based company established in 2021, specializes in leveraging high-frequency vessel sensor data to deliver machine learning-based services. This collaboration aims to provide ship […]
Equinor closes shop and exits Vietnam’s offshore wind market
Norwegian energy giant Equinor has decided to close its Hanoi office and pull out of Vietnam’s offshore wind market. This move comes amid political turmoil within the country, a power struggle within the Communist Party of Vietnam, its recent tilt towards China, and Equinor’s regular review of its portfolio of renewable assets. This also marks […]
US looks to 2028 for Hawaii offshore wind lease auction
The US Bureau of Ocean Energy Management (BOEM) has set a 2028 start date for wind leasing off the coast of Hawaii’s island of Oahu. Hawaii is also home to over two dozen military bases and the first consultations about two possible lease areas in 2016 revealed conflicts with military operations in the area. However, […]
Digital Shipping Documentation & Payments Webinar with ODeX, Hapag Lloyd & PayPal
Global trade is key to the development of several countries around the world, irrespective of the size of the economy and country. Global trade, however, depends on several enablers such as maritime, shipping, freight, logistics, and supply chain. A key enabler that connects all these enablers is digitalisation. Digitalisation has established its importance in the […]
Kumport Terminal Istanbul joins Portchain Connect Network
By utilizing Portchain Connect, Kumport Terminal Istanbul aims to enhance the efficiency and accuracy of its berth alignment with customers through digital handshakes and secure data exchange. “Being part of Portchain Connect has transformed our approach to berth planning, automating data exchange and enhancing collaboration,” stated İlyas Gürsoy, Deputy Planning Manager of the Turkish terminal. […]
OOCL reports robust first-half financial figures
Orient Overseas (International) Limited (OOIL) has released its financial and operational results for the first half of 2024, showcasing a strong performance despite a dip in profit compared to the previous year. The company, which owns Hong Kong-based ocean carrier Orient Overseas Container Line (OOCL), reported a group revenue of US$4.646 billion and delivered an […]
US cracks down on Russia’s LNG dark fleet
The US has imposed sanctions on seven LNG carriers linked to shipments of Russian super-chilled fuel. The move is part of the US Department of the Treasury’s Office of Foreign Assets Control’s (OFAC’s) latest package targeting nearly 400 entities and individuals for aiding Russia’s war against Ukraine. Talks of Russia potentially amassing a shadow fleet […]
Regional Container Lines adds another pair of boxships at Huangpu Wenchong
Thailand’s Regional Container Lines (RCL) has ordered an additional pair of 4,300 teu ships with MB Shipbrokers reporting the line has returned to CSSC Huangpu Wenchong for this latest fleet expansion. The ships are priced at an estimated $60m per vessel basis delivery in Q4 2027 and Q1 2028. This brings RCL to 8 sister […]
Just 10% of demo yards in Alang have any tonnage to dismantle
A protracted downturn in the ship recycling sector sees just 10% of yards in Alang – the world’s top demo area – with any tonnage to be dismantled. As a result, Clarksons Research is reporting the local workforce has diminished significantly at the site on India’s west coast. “Against the backdrop of strong shipping markets […]
Wah Kwong orders LR2s at Hengli Heavy
Clarksons Research is reporting Hong Kong shipowner Wah Kwong Maritime Transport Holdings has ordered four 113,500 dwt LR2 tankers at Hengli Heavy Industry in northeast China. No price has been revealed for the contract with the ships delivering in 2027 and 2028. The ship type is a new one for Wah Kwong. Hengli Group, a […]