60 days to go until Geneva Dry
The second enlarged edition of Geneva Dry is just 60 days away with close to 200 companies signing up to attend the world’s premier commodities shipping summit. The global dry bulk event is on track to surpass last year’s 600 delegates figure and can report 53 brands have signed on as sponsors with 60 top […]
Shipping central to EU’s new Clean Industrial Deal
The European Union has unveiled its Clean Industrial Deal that will prioritise the domestic production of renewable fuels for aviation and shipping, among a host of measures worth more than EUR100bn designed to green many industry sectors. “The EU needs to secure access to such materials and reduce dependence on unreliable suppliers. Integrating circularity in […]
Argentina repeals 1973 ban to resume livestock shipments
While much of the world is pushing back from carrying live animals by sea, one South American nation is gearing up to return to the livestock trades after a 52-year absence. Argentina has repealed a 1973 ban on livestock exports saying the decision was based the Javier Milii-led government policy to promote “an economic system […]
Smart Container Alliance launches
The Smart Container Alliance has been launched to drive the adoption of smart container technology. This initiative aims to unite industry stakeholders in a collective effort to enhance cargo traceability, fortify maritime trade, and support global enforcement agencies in the fight against criminal networks. The Smart Container Alliance aims to advance industry standards, advocate for […]
The death of scheduled maintenance
Joy Basu, CEO of Smart Ship Hub, on why shipping needs to think predictive and not scheduled when it comes to looking after vessels. The transition to predictive maintenance is not just an upgrade it is the future of shipping as companies in their droves adopt technical innovations to ensure the best possible standard of […]
BW LPG snaps up modern VLGC
VLGC owner and operator BW LPG is adding another modern gas carrier to its owned fleet. The dual-listed unit of Singapore’s BW Group has exercised a purchase option on the 2020-built BW Yushi for around $70m. The vessel, estimated by Veson Nautical’s pricing platform VesselsValue at $96.5m, will be delivered from Singapore’s Grace Ocean Investment […]
Eastern Pacific secures financing for neopanamax boxship duo
Singapore-based Eastern Pacific Shipping (EPS) and SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, have signed a financing agreement for two newbuild LNG dual-fuel neopanamax containerships. The agreement strengthens the longstanding collaboration between the two companies. Looking ahead, the two firms will look to develop more green, energy-efficient, and environmentally friendly vessels. […]
Golden Energy Offshore nets vessel deal hat-trick
Norway’s Golden Energy Offshore Services (GEOS) has won a batch of deals for three of its vessels with unnamed international majors. GEOS said in an Oslo Bors filing that it secured a firm deal for the 2019-built multipurpose support vessel (MPSV) Energy Dutchess until September 1, 2025, with one six-month extension option. The company also […]
Qatar to invest US$10 billion in India, strengthening trade and maritime ties
Qatar plans to invest US$10 billion across multiple sectors in India, as announced in a joint statement following the visit of Qatar’s Emir, Sheikh Tamim bin Hamad Al-Thani, to New Delhi. “Trade was a key focus of our discussions. We aim to expand and diversify the trade connections between India and Qatar,” Indian Prime Minister […]
Modec awards FEED for FPSO onboard carbon capture system
Japanese floater expert Modec has entered into a front-end engineering and design contract with Korean construction and project management company Samsung E&A for the installation of a carbon capture system on an FPSO. The study envisages the installation of a carbon capture module, based on Carbon Clean’s modular CycloneCC technology, on a Modec FPSO as […]