World’s first self-unloading transshipment delivered

China’s Chengxi Shipyard recently delivered world's first self-unloading transshipment bulker to the German bulk carrier company Oldendorff.

Russia Prepares Earliest-Ever Arctic LNG Transit to Asia

Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the Arctic Ocean and paving the way for a record-long navigation season this year.

FarSounder Launches On-line Training

FarSounder is proud to announce the launch of their on-line training platform. The team has put in countless hours gathering the content to get this system up and running, and it is now available to the public. The first training program to be released in the series is the FarSounder Technician Training.

Asia’s fuel oil trade nearly halved in 2020 due to COVID and rule changes

Trading volumes in Asia for fuel oil, a key shipping fuel, nearly halved in 2020 to the lowest levels in at least five years as stricter emission rules for marine fuel altered trade patterns and as the COVID-19 pandemic hurt demand.

Alibaba’s Cainiao launches container booking service, cites global cargo woes

Alibaba Group’s Cainiao launched a container booking service for air and sea freight, and said the move was in response to a global shortage of shipping containers that had pushed cargo costs to record highs.

Singapore to vaccinate over 10,000 frontline maritime workers by end of January

Singapore has become one of the first nations to prioritize COVID-19 vaccinations of frontline maritime personnel as part of its national vaccination strategy to protect frontline personnel.

Reducing methane emissions from oil and gas: A ten-step roadmap for policy makers

Reducing methane emissions from oil and gas operations is among the most cost-effective and impactful actions that governments can take to achieve global climate goals, said the International Energy Agency (IEA) in a new report.

1st shipment of Indian equipment arrives in Chabahar port

The first consignment of Indian equipment for the development of port activities at Iran’s Chabahar port worth $8.5 million has arrived in the southeastern port, the director-general of Sistan-Baluchestan Province’s Ports and Maritime Department announced.

Large Fire at Ireland’s Port of Cork Brought Under Control

Firefighters have brought a large fire at the southern Irish port of Cork under control and no casualties were reported, the port authority, which recently started offering more “Brexit-proof” direct sailings to mainland Europe, said on Saturday.

Global Ship Lease Announces New Senior Secured Loan Facility to Enable Refinancing of 2022 Notes

Global Ship Lease, Inc. announced that it has agreed a new $236.2 million senior secured loan facility (the “New Facility”) with Hayfin Capital Management, LLP (“Hayfin”). Global Ship Lease intends to use the proceeds from the New Facility, along with cash on hand, to redeem in full the Company’s outstanding 9.875% First Priority Secured Notes due 2022 (the “2022 Notes”).