FORNRBU: ABB has verified a major advancement in vessel Dynamic Positioning (DP) technology, following successful Failure Mode and Effects Analysis (FMEA) proving trials and sea trials on board the new wind turbine installation vessel
LONDON: Fitch Ratings has maintained its deteriorating outlook for the global shipping sector, reflecting geopolitical and policy risks, according to an Outlook report released today. The sector will also be affected by the lower
This breakthrough marks a decisive step forward in the digitalisation of ship classification and compliance. LONDON: Lloyd’s Register (LR) and Latsco have successfully completed a proof-of-concept for a new standard in digital class assurance with data-driven surveys. This collaboration aims to demonstrate how verified operational
MUMBAI : In a significant development for India–Europe maritime connectivity, Luka Koper (Port of Koper), Slovenia’s premier multipurpose port, has entered into an Agreement on Business Cooperation with Samsara Group, a leading maritime and
NEW DELHI : India is preparing to take a major leap toward maritime self-reliance with the planned launch of the Bharat Container Shipping Line, a new national carrier that will be jointly promoted by
COPENHAGEN : Maersk has announced that building on a successful initial trial, the company will now blend 50% ethanol with 50% methanol in a test onboard the vessel Laura Mærsk. Maersk continues to explore
LONDON: The Baltic Exchange’s Dry Bulk Sea Freight index, which tracks rates for vessels transporting dry bulk commodities, extended losses on Monday, weighed down by weaker rates across all vessel segments. The main index,
NEW DELHI: A team of negotiators from the U.S. will visit India on December 10-12 to take forward talks on the first tranche, dealing with tariffs, of a Bilateral Trade Agreement between the two
HAMBURG: There is no specific timeline for when the shipping industry will resume sailing through the Suez Canal, but any return would be gradual, the Chief Executive of Hapag-Lloyd, the world’s fifth-largest container company,
OSLO: Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of