News


New CEO Takes Over at Pan Ocean

South Korean shipping company Pan Ocean announced that Joong Ho Ahn is newly appointed as a Chief Executive Officer with effect from the date of the Board of Directors Meeting on March 30, 2020.The new CEO takes over for Sung Yob Choo who has retired before his term expired due to personal reasons.

Coffee Importers Stockpiling on Fears over Coronavirus Lockdowns

Coffee importers in some of the largest consuming countries are stockpiling, bringing forward orders by up to a month to avoid shortages if supply chains are disrupted by coronavirus lockdowns.The global

Performance Shipping Delivers Aframax Tanker

Performance Shipping Inc. (NASDAQ: PSHG) has taken delivery of the M/T P. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the company entered into an agreement to purchase in February 2020.

Laden LNG Tanker Bound for China is First from US Since March 2019

A liquefied natural gas (LNG) tanker which loaded a cargo from the United States is currently heading to China, the first shipment since March 2019, according to shiptracking data from Refinitiv Eikon and Kpler on Monday.

Oil Tanker Rates Double

Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said.

Yamal LNG Resumes Loading Operations in Norway

Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.

ABS Helps Ensure Readiness of US Hospital Ships

ABS made a key contribution to the nation’s COVID-19 response effort, helping ensure the readiness of two ABS-classed U.S. Navy hospital ships.ABS surveyors on the U.S. East and West coast helped the

NuStar, Svitzer Extends Contract in Point Tupper

Svitzer has announced a five-year extension of their marine service contract with NuStar.Svitzer has been delivering towage services to NuStar in Point Tupper since 2010. The extension that comes into effect on August 1,

Inmarsat Takes Founding Role in Asia's Decarbonizing Shipping

Inmarsat is a founding member of Asia’s first ‘Decarbonizing Shipping’ initiative to harness the power of start-ups to meet UN targets on greenhouse gas emissions, which launched earlier this month.  The regional initiative,

Improving Oily Water Separators

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free.

Remote Training with Vessel-specific Software

Kongsberg Maritime announced an integrated strategy to deliver remote, targeted training for its customers. Providing this service through digital platforms reduces travel, cost, time away from home and climate footprint.

Nigeria Bans Ships Without Thermal Screening Facilities

As the world grapples with best practices to contain the spread of the current coronavirus, Dr. Bashir Jamoh, the Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, said the agency has developed guidance to support ships that operate in the Nigerian maritime domain,