ONE Receives Another 14,000 TEU Magenta Newbuilding

Singapore-based container shipping company Ocean Network Express (ONE) has taken delivery of ONE Columba, a 14,000 TEU containership newbuilding.

Argentine Sub Found Partially ‘Imploded’ After Yearlong Search

The Argentine Navy submarine that went missing a year ago off the country’s Atlantic Coast was found by a private company involved in what had been a massive search for the vessel and its 44-member crew, the defense ministry said in a news conference on Saturday.

Ship Finance International Announces Sale of Older VLCC

Ship Finance International Limited announces that it has agreed to sell the 2002-built VLCC Front Falcon to an unrelated third party.

Sea level rise threatens Mediterranean UNESCO heritage sites

A study, published in Nature Communications, reported that, out of 49 World Heritage Sites located on low-lying Mediterranean coasts, 37 of them face the risk of damage from floods and 42 of them face the risk from coastal erosion due to the constant sea-level rise. Flood risk may rise by 50% and erosion by 13% across the Mediterranean, with risks at some individual sites considerably higher.

Australia set to become world’s biggest exporter of LNG

Australia is on its way to become the world’s biggest exporter of LNG, according to the energy economics group EnergyQuest, informing in its latest monthly report that total Australian LNG shipments were significantly higher in October at 6.4 million tonnes (Mt) –up 10.3% on 5.8 Mt in September.

India jumps 23 ranks in port development, World Bank report says

According to the World Bank report 2019 on Ease of Doing Business, India has jumped 23 ranks from 100 in 2017-18 to 77 in 2018-19. This indicates that the country is continuing its shift towards global standards.

Maersk Enjoys Revenue Boom

Maersk has enjoyed a third-quarter revenue increase of 30.6% compared to 2017 but also warned of the effects the US-China trade war could have on world shipping.

MPC Container Ships Joins Scrubber Ordering Wave

Norwegian shipowner MPC Container Ships has entered into agreements for the purchase of exhaust gas cleaning systems for five of its ships.

Maersk Supply Unlikely to Be Sold by Year End

A. P. Moller Maersk doesn’t expect to finalize the sale of its Maersk Supply Service business by the end of 2018 as planned earlier, Vincent Clerk, Maersk’s Executive Vice President said in a conference call today.

ABB Signs Marine Automation Deal in China

Technology company ABB has won its first marine automation system contract for a cruise ferry in China.