Tussle between HMM and Samsung escalates
SEOUL : The legal wrangling between South Korea’s flagship carrier HMM and its compatriot conglomerate Samsung Electronics is deepening. After Samsung Electronics’ US branch filed a complaint with the US Federal Maritime Commission (FMC)
Washington State Ferries selects ABB as propulsion single source vendor for five new hybrid ferries
ZURICH : ABB has been awarded a contract by Washington State Ferries (WSF) to serve as the propulsion single source vendor (PSSV) for its groundbreaking new hybrid electric 160-auto ferries. This project marks a
Kochi Water Metro model can be replicated in Kolkata, Mumbai, Guwahati, Goa : MoPSW
NEW DELHI : The Kochi Water Metro model could be adopted in various other locations, such as in Kolkata, Mumbai, Guwahati, and Goa, a senior Shipping Ministry official said on Tuesday. The Ministry of
Successful Technical Seminar on “Digitalisation & Use of AI for Efficiency Improvement of Ships” held by Indian Register of Shipping and DMET Meri Ex-Cadets Association
MUMBAI : Indian Register of Shipping (IRS) and DMET MERI – Ex Cadets Association successfully hosted a Joint Technical Seminar on “Digitalisation & Use of AI for Efficiency Improvement of Ships” on 16 July 2024
The Global Centre for Maritime Decarbonisation concludes its final biofuel blend supply chain trial with Hapag-Lloyd
SINGAPORE : The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with very low sulphur fuel oil (VLSFO). This marks the end of a series
Suez Canal revenue drops as some shippers shun Red Sea
EGYPT : The Suez Canal‘s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by Iran-aligned Houthis in the Red Sea.
Dry bulk newbuild contracting fell 34.2%, despite a strong market : BIMCO
LONDON : “During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in
ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
TOKYO : ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study for the design and safety specifications