Month: October 2023

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New handymax vessel for Nova Marine Carriers


New entry for the Nova Marine Carriers fleet. The Lugano-based group, controlled by the Romeo and Gozzi/Bolfo families, has taken delivery of a new 38,593 dwt handymax vessel in Shanghai. The vessel,…

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Baltic index rises on higher freight activity, fewer ships


The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight activity and some vessel shortages. The overall index, which factors…

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ESL Shipping commits to set science-based targets for GHG emissions reductions


ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic Sea region, has joined the Science Based Targets initiative  and committed to setting both near-term and long-term company-wide…

PETRONAS awards seven new PSCs under Malaysia bid round 2023, and launches Malaysia bid round 2024


PETRONAS awarded Production Sharing Contracts  for six exploration blocks and one Discovered Resource Opportunities  cluster marketed under the Malaysia Bid Round 2023 , expected to garner more than…

Ørsted acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation


Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York. The acquisition is subject to…

McDermott and Baker Hughes safely complete Subsea Infrastructure in Northern Australia


McDermott, a premier engineering and construction company, and Baker Hughes, an energy technology company,  announced the safe completion of the installation of subsea infrastructure at the Ichthys…

WISTA Cyprus announces hosting of 2024 WISTA International AGM and Conference in Limassol


WISTA Cyprus proudly announces its role as host for the WISTA International AGM and Conference 2024, an event placed under the auspices of the Shipping Deputy Ministry. During the 2023 WISTA…

INTERCARGO meets in Athens and celebrates record membership


Members of INTERCARGO met in Athens last week for the Association’s Annual General Meeting, Executive Committee and Technical Committee meetings, with record attendance observed to the satisfaction…

WISTA International AGM ratifies new definition of diversity and equity


WISTA International, during its Annual General Meeting held in Montevideo, Uruguay, on 25 October 2023, ratified its fresh definition of Diversity, Equity and Inclusion , reinforcing its commitment…

MOL introducing ‘MarTrust’ payment service for seafarers to improve quality of onboard life


Mitsui O.S.K. Lines, announced that it has decided to introduce MarTrust, a payment service specialized for ocean shipping, for all seafarers onboard vessels managed by MOL Group ship management…

CEMS forges strategic partnerships at Global Maritime India Summit 2023 to boost skill development and innovation


The Centre of Excellence in Maritime and Shipbuilding, a dynamic skill development knowledge centre established by the Ministry of Ports, Shipping and Waterways under the Sagarmala initiative and…

Jeddah Islamic Port wins the Advanced Port Infrastructure Award 2023


The Saudi Ports Authority "Mawani", represented by the Jeddah Islamic Port, has won the Advanced Port Infrastructure Award at the Landmarks in Logistics Awards 2023, held in the United Arab……

WISTA 2023 AGM: Cyprus & Barcelona win future hosting, Membership Soars, Maritime Moves Highlighted


Elpi Petraki, President of WISTA International, opened the 2023 AGM in Montevideo, Uruguay, on Tuesday, 25 October, by welcoming representatives from a record 56 national WISTA associations. The…

ILO Director-General’s statement on the situation in Israel and the cccupied Palestinian territory


The ILO Director-General deplores the unprecedented attacks by Hamas against Israel which resulted in more than 1,400 deaths and at least 200 abductions of Israeli and international civilians. He…

Danish Shipping supports Denmark’s candidacy for the IMO Council in the United Nations Maritime Organization IMO


Danish Shipping warmly recommends IMO member countries to re-elect Denmark to the IMO Council at the upcoming general assembly later this year. Denmark is a results-oriented, constructive member of…

Ocean Yield acquired a Suezmax tanker with long term charter


Ocean Yield announced that it has agreed to acquire a 2016-built Suezmax tanker with an 8-year bareboat charter to Nordic American Tankers  with a purchase obligation at the end of the charter…