Underlying vessel operating cost inflation accelerated moderately in 2019 as a result of higher spending on repair & maintenance and insurance. Costs are expected to continue rising at a similar pace in
German bulk carrier specialist Oldendorff Carriers has signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms (CBA). Under the agreeement, Oldendorff, together with CBA and
With heavy fuel oil currently covering 82 per cent of the sector’s energy needs, decarbonizing global shipping will play a critical role in achieving climate objectives, a new report by the International
Germany’s largest universal port remains on a growth course, achieving a distinct 4.1% advance to 69.4 million tons in seaborne cargo handling in the first half of 2019. Especially good growth trend
SEACOR Holdings Inc. (NYSE:CKH) reports that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate
Oslo headquartered Klaveness Combination Carriers ASA today took delivery of the MV Barracuda from New Yangzi Shipyard in China. The MV Barracuda is the second of eight contracted CLEANBU vessels that will
Driven by an increase in imports, the Port of Virginia completed fiscal year 2019,) having handled a record 2.9 million twenty-foot equivalent units (TEUs), which is a volume increase of 4 percent
Maritime Blockchain Labs (MBL), founded by blockchain technology specialist BLOC and the Lloyd’s Register Foundation (LRF), reports that a consortium has been established to explore the use of blockchain in tackling the
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) is to fit 21 very large crude oil carriers (VLCCs) with a navigation system that provides visual support to crew members by using augmented reality (AR)
FEBRUARY 5, 2019 — VesselsValue.com has released its rankings of the top ten shipping nations in terms of fleet asset value. The U.S. has fallen to sixth place, largely because a fall
