Global shipping grabs best opportunity in 30 years
An industry expert analyzed that the global shipping industry seizes the best opportunity in almost 30 years. Clarksons Platou Securities has recently released a quarterly report and cited the historically low second-hand ship price, poor new ...
Bahri-DNV GL Sign Partnership for Big Data
Bahri announced on October 9 that Bahri Data, one of the six business units within Bahri, a global leader in transportation and logistics, and DNV GL, the world’s leading classification society and recognized advisor for the maritime industry, ...
BP strengthens LNG shipping capacity
Oil major BP announced on October 4 that it is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around...
Siemens-PAS to provide cybersecurity solution
Siemens, a global engineering and technology leader, and PAS Global, the leading provider of industrial control system (ICS) cybersecurity solutions, announced an agreement to provide fleet-wide, real time monitoring for control systems. By lever...
Dorian-ABS to conduct LPG study
Dorian LPG Ltd. (the "Company" or "Dorian LPG") announced on September 20 that it has engaged American Bureau of Shipping ("ABS") to evaluate the use of liquefied petroleum gas ("LPG") as a marine fuel, among other options, in advance of the Inte...
Vale signs COA for new VLOCs
Vale, one of the largest mining company in the world, recently has signed long-term COAs for at least 30 new VLOCs with seven shipping companies. According to TradeWinds, the mining company signed COA deals of 20-25 years with five Korea...
Inmarsat Maritime unveils ‘Fleet Secure’
Inmarsat, the leading provider of global mobile satellite communications, has showcased its new Fleet Secure service on 13 September at London International Shipping Week. Fleet Secure is the maritime industry’s first and only fully-ma...
New report examines future of autonomous maritime systems
Maritime activity over the next decade will be dominated by unmanned surface and underwater vessels, according to a report on the future of autonomous maritime systems launched. GMTT2030 for pageWritten and researched by LR, QinetiQ and ...
"Many Kamsarmax orders are resales"
A broker calms concerns over the prospect of tonnage oversupply due to dozens of Kamsarmax orders recently placed. Global shipping research organization Banchero Costa said that yards booked dozens of Kamsarmax orders to their own accoun...
"LNG Shipping market sees better future"
Global LNG shipping market is in a gradual improvement. COSCO Shipping Energy Transportation (CSET), a subsidiary of state-run shipping giant China COSCO Shipping (COSCOCS) announced on August 29 that global LNG shipping fleet surpassed 500 units...
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