Top News
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,…
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…
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…
The Gas Vitality LNG Bunker Vessel Completes her 100th LNG Bunker Operation in Marseille, Southern France
The Gas Vitality Liquefied Natural Gas (LNG) bunker vessel celebrated the onset of the New Year by successfully conducting her 100th bunkering operation. Simultaneous operations (SIMOPS) for LNG…
Island Petroleum expands fleet for marine fuel supply in Limassol
Island Petroleum, a subsidiary of Island Oil (Holdings), announced the acquisition and utilization of the vessel M/T ASTRAIA, dedicated to providing physical supply services of marine fuel oils in…
Intership Navigation announces management buy-out
Intership Navigation, founded 35 years ago by German ship owner Alfred Hartmann, announced its separation from the Hartmann Group through a management buyout by its long-term CEO Dieter Rohdenburg.…
US LNG exporters canceled cargoes amid freeze as US gas prices surged
US LNG exporters canceled multiple cargoes over the past week as freezing temperatures disrupted operations at terminals and caused US spot gas prices to soar, creating an incentive for those who…
ICS publishes highly anticipated Flag State Performance Table
The 2023/2024 Shipping Industry Flag State Performance, published by the International Chamber of Shipping (ICS), indicates continuing positive performance by the vast majority of Flag States which…
Safety of seafarers is paramount say dry bulk ship owners
The safety of seafarers must be paramount as the international community seeks to address the volatile situation in the Red Sea says INTERCARGO speaking on behalf of the world’s dry bulk ship……
Shipping and geopolitical risk: Don’t forget about Korean Peninsula
COVID steered shipping markets in 2000-2022. Geopolitics has steered markets ever since — and future war effects on ocean trade could be even more extreme than they are today. Russia’s invasion of…
Trinidad in talks with Europe to supply Venezuelan gas says Prime Minister Keith Rowley
Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday. Venezuela’s…
CMA CGM SCANDOLA, the Group’s first LNG-powered containership to call West African Ports
The CMA CGM Group, a global player in sea, land, air and logistics solutions, announces the upcoming arrival of CMA CGM SCANDOLA at the new Lekki Deep Sea Port in Nigeria on Sunday, the 28th of…
Chemfleet adds three ships to Berg energy efficiency upgrade after verifying 10% fuel savings
Specialized ship manager Chemfleet has confirmed that an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda has yielded fuel savings of around 10%. Trials following…