"Bulker leads shipping recovery"
With bulker segment leading the recovery of the market, the shipping industry is likely to see an overall improvement trend. According to a report by Yang Jong-Seo, a Senior researcher from KEXIM (The Export-Import Bank of Korea) Overseas Econ...
ChartCo Launches New FleetManager Portal
ChartCo, the leading global supplier of maritime digital data and compliance services, has announced on January 16 the launch of its new, easy-to-use FleetManager software. As a web-based tool, FleetManager enables shore-based customers to access...
Korea to set up LNG bunkering cluster
South Gyeongsang Province of Korea promotes local LNG-powered ship and LNG bunkering businesses. A competition is accelerated all around the world in order to preoccupy LNG bunkering markets amid the strengthening of the International Maritime...
Where is Sulphur Cap going?
The schedule of Ballast Water Management Convention (BWMC) and Sulphur Cap have been the most controversial issue in the global maritime industry in recent years. While the maritime industry struggling to salvage profitability, the implementat...
Maersk-IBM to form blockchain JV
A.P. Moller - Maersk (MAERSKb.CO) and IBM (NYSE: IBM) announced on January 16 their intent to establish a joint venture to provide more efficient and secure methods for conducting global trade using blockchain technology. The aim of the ...
Japan to speed up autonomous venture
The Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) of Japan and its major shipping companies are aiming to commercialize self-navigating vessels by 2025. According to local media, Japan is seeking to enhance safety and cope wi...
Crowley to build new ATB
Crowley Fuels LLC announced on January 15 that it has signed a construction contract with Bollinger Shipyards to build a new Alaska Class 100,000-barrel-capacity articulated tug-barge (ATB) to transport multiple clean petroleum products in the Al...
MOL acquires seafarers manning company in Europe
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on January 15 that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017. And Azalea Maritime B.V. changed its name to "MOL Maritime (...
Japan accelerates self-navigating era
The Japanese government and major shipping companies are aiming to put the self-navigating vessel into practical use by 2025. According to local media, Japan is seeking to enhance maritime safety and overcome a shortage of workers in the indus...
New Baltic Exchange LNG Panellists Group
Following an approach by leading Baltic Exchange LNG shipbroking companies, the Baltic Exchange has formed the Baltic LNG Panellists Group. The move comes as the Baltic Exchange looks to develop a new Liquified Natural Gas (LNG) Index comprising ...
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